Party Penguins NFT Overview

Party Penguins is a collection of 9,999 penguin avatars that "moved from Antarctica to the Ethereum blockchain."

For the first three months after the launch of the project, 100% of the OpenSea secondary royalties were redistributed to Party Penguins holders based on the number of Party Penguins NFTs they held. After those three months were up, they continued redistributing secondary fees to holders but knocked the number down to 50%. The redemption period begins 72 hours after the snapshot of holders is taken on the first of each month and the claim period ends 7 days after the window of redemption begins.