Pudgy Penguins is a blockchain-based collection of digital artwork composed of non-fungible tokens (NFTs). It is a collection of 8,888 unique NFTs launched on the Ethereum blockchain in August 2021.
Established in July 2021, the organization was formed by a cohort of university students. In April 2022, Pudgy Penguins underwent acquisition by Luca Schnetzler for a sum of 750 ETH, equivalent to $2.5 million.
References
- Criddle, Cristina; Gabert-Doyon, Joshua. "NFT creators diversify into real-world assets to generate new revenues". www.ft.com.
- Tidy, Joe (November 10, 2023). "Whatever happened to NFTs?". BBC.
- Roose, Kevin (August 12, 2021). "I Joined a Penguin NFT Club Because Apparently That's What We Do Now". The New York Times.
- Shukla, Siddhartha (October 16, 2023). "NFT Makers Are Boycotting Low-Fee Exchanges Over Tumbling Royalties". www.bloomberg.com.
- Gladwin, Ryan S. (June 9, 2022). "The freelance artist behind a million-dollar NFT collection". The Verge.
- Melinek, Jacquelyn (May 18, 2023). "Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world".
- "From homeless to making his first million: How the 25-year-old CEO of an NFT collection launched a toy line at Walmart". Fortune.
- Wilhelm, Jacquelyn Melinek and Alex (September 29, 2023). "Pudgy Penguins' approach may be the answer to fixing NFTs' revenue problems".
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