Latest Lil Pudgys News

Igloo, Inc., the Pudgy Penguins parent company, acquired the Frame team to develop a new Ethereum Layer 2 blockchain, Abstract, aimed at revolutionizing consumer crypto.

The Deets

• Team Integration: Frame's co-founders, Cygaar and Beans, will join Igloo.
• New Blockchain: The team will help build Abstract, an Ethereum Layer 2 solution.
• Frame Sunset: Frame will be phased out as part of the acquisition.
• Community Focus: Abstract aims to onboard the next generation of crypto users.

The Bulk

Igloo, Inc., the parent company of Pudgy Penguins, announced the acquisition of Frame, a team of crypto developers. Frame's co-founders, Cygaar and Beans, are set to contribute to the development of Abstract, a new Ethereum Layer 2 blockchain designed to capitalize on the consumer crypto opportunity.

Launched in 2023, Frame was built by a leading team of blockchain developers with a focus on empowering creators and ensuring proper reward systems through its proprietary onchain royalty system. With this acquisition, Igloo plans to leverage Frame's innovative technology and extensive experience to build for the next generation of crypto users. Abstract promises to be a secure, ultra-fast, low-cost, and developer-friendly blockchain, positioning itself as a significant player in the evolving crypto landscape.

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🔜 What's Next?

Igloo plans to continue developing an end-to-end user and builder experience, with a focus on integrating Abstract's capabilities into its existing ecosystem. Stay tuned for updates on the launch and development progress of Abstract.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Pudgy Penguins' line of Pudgy Toys and Lil Pudgys is now available in select Target retail locations across the country. 

The Deets

• Each toy includes a QR code to unlock traits and collectibles in Pudgy World, an online game powered by blockchain technology.
• NFT holders receive IP royalties from toy sales through the OverpassIP licensing platform.
• Target stores will carry six different Pudgy Toys clip-on plushies, enhancing the brand's retail presence.

📊 By the Numbers

Since its launch, Pudgy Toys have sold over 1 million units and generated $10 million in sales in their first year.

🎤 Founder Feedback

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Overpass IP Beta is live, featuring two Pudgy Penguins toyline deals, which offers original Pudgy Penguins and Lil Pudgy NFT holders new royalties and opportunities.

The Deets

• Launch of Overpass IP Beta: Connects NFT holders with official licensing deals.
• First Deals: Two opportunities for Pudgy Penguins toyline.
• Availability: Separate deals open for Pudgy Penguin and Lil Pudgy owners.
• Past Success: Chapter 1 of Pudgy Toys achieved significant milestones, selling more than 750,000 toys in major retail locations like Walmart.

The Bulk

Overpass IP launched in Beta, marking a significant step in bridging NFTs with real-world applications and licensing deals. This platform allows NFT holders, specifically those owning Pudgy Penguins, to connect their digital assets with official licensing deals, opening doors to earn royalties and more.

The inaugural deals are part of the next chapter in the Pudgy Toys series. This opportunity is not just for Pudgy Penguin holders but also for Lil Pudgy owners. To participate, holders can submit their NFTs through the designated Overpass IP links.

Submissions for the deal will be accepted until Feb. 10, 2024, but submission does not guarantee a licensing agreement. Instead, it places the NFT in a selection pool for future SKUs of the toy line. Selected participants will receive semi-annual updates via the Overpass IP blog.

Furthermore, the deal includes a Pudgy Rods multiplier for eligible submissions. Details about this multiplier structure are available on the Overpass IP website.

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❗️ Why It Matters

The launch of Overpass IP Beta, particularly with the Pudgy Penguins toyline, is an expansion on the development of IP and licensing in the NFT space. It not only offers new revenue streams for NFT holders but also signifies the maturity of the space behind "simple jpegs" whilst simplifying what is typically a complex and intimidating legal proposition for the average holder. 

🎬 Take Action

For Pudgy Penguin and Lil Pudgy owners interested in exploring these new opportunities, visit the Overpass IP Beta website before the February 10 deadline to submit your NFTs for consideration.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Spencer Ventures announced the acquisition of 48 Pudgy Penguins NFTs from the Stary Night/3AC Collection, purchased via a deal with Sotheby's. 

The Deets

• Acquisition includes the Pudgy Penguins and Pudgy Rods from the 3AC Collection. 
• Thesis: revives hope in the NFT community, showcasing the potential of projects.
• Support: Pudgy Penguin GIF impressions surpass global population count.
• Support: Pudgy Penguins licensing opportunities with Pudgy Toys and more. 

The Bulk

Spencer Ventures showcased major support for the Pudgy Penguins brand, acquiring 48 Pudgy Penguins and the corresponding Pudgy Rogs from the now infamous Three Arrows Capital NFT collection. 

In the announcement, Spencer indicated that Pudgy Penguins has successfully etched its place in the digital space and has a chance to lead the charge for NFTs in the future. In support of the thesis, the investor indicated the major adoption the Pudgy IP has experienced via impressions globally, particularly through GIFs. He also indcated the potential for licensing opportunites, as evidence by the recent Walmart launch with Pudgy Toys, marks Pudgys as a leader in the space.

📊 By the Numbers

Though no official deal metrics have been shared, Spencer told Blockworks that the group had reached a deal with Sotheby's in the "mid-six figures."

❗Why It Matters

The acquisition underscores the growing confidence in Pudgy Penguins as a leader in the NFT sector. 

🎤 Investor Insights

🔜 What's Next?

Spencer additionally teased something "lil" on the horizon for the Pudgy Penguins community, sharing an image of a Lil Pudgy alongside. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Pudgy Penguins toys are now for sale in Walmart, starting with the mainstream entry of Pudgy Toys in 2,000 nationwide stores.

The Deets

• 26 Pudgy Toys sold in 2,000 Walmarts across the US, priced from $2.99-$11.97
• Each Pudgy Toy acts as a portal to Pudgy World, an immersive open-world digital player experience.
• NFT Collaboration: Toys incorporate traits from popular NFT collections like Meebits and DeGods, offering licensing royalties to existing NFT holders.

The Bulk

Pudgy Penguins announced its newest retail venture: Pudgy Toys, now available in 2,000 Walmart stores across the U.S. 

Luca Netz, CEO of Pudgy Penguins, emphasized the significance of this partnership: "Merging unique digital experiences with blockchain technology is transforming the toy industry. Walmart's inclusion symbolizes the evolving consumer-brand relationship in the digital age."

Every Pudgy Toy sold in Walmart acts as a key to the digital realm of Pudgy World. Users can immerse themselves in this open-world multiplayer digital experience, by scanning the QR code on the toy's included birth certificate. Scanning the QR enables users to claim specific traits for their digital Pudgy character.

Additionally, the toy designs incorporate traits from globally popular NFT collections like DeGods and Meebits, ensuring existing NFT holders gain licensing royalties for each corresponding toy sold.

🎤 Retail Reacts

📊 By the Numbers

Three toys will be exclusive to Walmart - two chrome collectible figures inside mystery Igloos and a Blind Box with a Clip-On Plush. Lastly, buying Pudgy Toys will offer consumers the chance to find a golden ticket, which unlocks rare traits for Pudgy World. 

🎬 Take Action

Those interested can find Pudgy Toys now available in Walmart, and access the Pre-Alpha of Pudgy World accessible at www.PudgyWorld.com.

🧠 Learn More 

• Pudgy Toys Are Live

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Pudgy Media introduced the MVP Soulbound Token to acknowledge exceptional community members, replacing the previous Penguin of the Week title.

The Deets

• The MVP (Most Valuable Penguin) Soulbound Token will honor standout community members
• Community participation will decide who receives the monthly MVP title
• Past Penguins of the Week will be given the MVP Token retroactively
• Interested penguins can be nominated more than once

The Bulk

Pudgy Penguins introduced the MVP Soulbound Token to spotlight the remarkable members of its community. This new token replaces the previous Penguin of the Week title, introducing a community-centric approach that allows for peer nominations.

MVP is a title bestowed upon a member every month. Community members nominate their favorite penguin for the MVP title, offering a platform for the most distinguished and involved members to be recognized for their contributions.

Moreover, Pudgy Penguins have also announced that the MVP Token will be airdropped to the Penguins of the Week that have already been featured on the page, giving due recognition to their past contributions.

🎬 Take Action

Want to nominate a fellow Pengu for the MVP title? You can do so via the nomination form linked in Pudgy Penguins' Discord, provided you're a verified holder.

Pudgy Penguins officially launched Pudgy Toys and Pudgy World, introducing the first-ever community-licensed mass-market products that blend NFTs and blockchain technology with physical toys.

The Deets

• Pudgy Toys: First-ever mass-market product licensed directly from the community.
• Pudgy World: A digital platform that provides a seamless introduction to blockchain technology and NFTs.
• Soulbound and Tradeable NFTs: Pudgy Toys come with unique trait boxes that unlock Soulbound and Tradeable NFTs on Pudgy World.
• Global Retail Presence: Pudgy Toys will be available in leading retail and specialty stores around the world, courtesy of Retail Monster and PMI Toys.

📊 By the Numbers

Prices range from $8.99 - $24.99 and shipping for Pudgy Toys will begin on June 3, with expected delivery in late June depending on your geographic location. 

The Bulk

Pudgy Penguins, one of the most recognizable names in the NFT space, is pioneering a groundbreaking initiative by launching Pudgy Toys and Pudgy World. 

Pudgy Toys are not just physical collectibles. Every purchased toy includes a birth certificate unlocking a unique trait box from Pudgy World's first season. These trait boxes hold a range of common to epic traits that owners can equip on their Forever Pudgy Penguins, leading to an enriched, personalized toy experience.

But that's not all. Each trait is minted on the blockchain as a tradable NFT, and the Forever Pudgy Penguin itself becomes a Soulbound NFT. The minting process is powered by 0xPolygonLabs and is gasless, while the traits marketplace utilizes Origin Protocol's technology.

❗Why It Matters

The launch of Pudgy Toys and Pudgy World represents a pivotal moment in the convergence of the NFT space and mainstream consumer products. Luca Netz has famously said that the toy line represents a "Trojan Horse" for those not in web3 to understand the power of digital collecting, the launch of Pudgy Toys is the first step.

🎬 Take Action

To purchase your Pudgy Toy and mint your Forever Pudgy Penguin, visit the official Pudgy Toys purchase page.

Pudgy Penguins will release "Pudgy Toys" on May 18, according to a teaser released by the project. 

🧐 Wait, What? 

Pudgy Penguins toyline was initially teased in February when the project announced it was working with Retail Monster to drop a collectible toys. You also might recall that tweet from project owner Luca Netz that teased a meeting with Walmart. 

❗️Why It Matters

Pudgy Penguins has recently been lauded for its ability to reach an audience outside of the existing web3 userbase and a line of toys in retail stores will only fuel the distribution of its IP beyond the walls of web3. 

🎤 Project Prose

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• Retail Monster to Help Launch Pudgy Toys
• Pudgy Penguins Raise $9M
• Pudgy Penguins Empowering Community Growth

Pudgy Penguins announced a $9 million seed round raise that will help scale its team and IP in a funding round led by 1KX. The news was first reported by CoinDesk.

❗️Why It Matters

Put simply, while many projects are running out of funds Pudgy Penguins has importantly added funds to its warchest. The project cemented itself as one of the leading web3 brands over the course of the last year and an infusion of capital should only bolster its potential impact and IP expansion moving forward. 

📊 By the Numbers

Pudgy Penguins is one of the lone NFT projects that has increased its floor price in the last year, growing since the takeover of the newest team headed by Luca Netz. The project is up more than 200 percent in the last year. 

🎬 Take Action

Listen to the team discuss the raise and answer questions during the Pudgy Penguins Seed Round Twitter Spaces at 4:30 p.m. ET.

🎤 Founder Feedback

🧠 Learn More

• Pudgy Penguins Releases The Workbench
• Pudgy Penguins Sign With WME