Latest Pudgy Penguins News
Abstract, a new blockchain spearheaded by the Pudgy Penguins parent compnay, hopes to dominate the consumer crypto space by integrating cutting-edge technology and robust community support.
The Deets
- Tech: Uses zk technology from zkSync and EigenDA for secure, fast transactions.
- Community: Focuses on building a strong onchain culture and community.
- Builders: Provides extensive support for developers through marketing, incentives, and technical assistance.
- Contributors: Team includes pioneers from Pudgy Penguins, Ethereum, Frame, and Kubernetes.
The Bulk
Abstract aims to be the go-to blockchain for consumer crypto, targeting billions of potential users. Leveraging zk technology from zkSync and EigenDA, it promises cheap, fast, and secure transactions, while benefiting from Ethereum's foundations.
To support builders, Abstract plans to offer marketing assistance, user and builder incentives, partner connections, and technical support. This initiative will be spearheaded by the Abstract Builder Incubator, aimed at helping developers create products with mass appeal.
The Abstract team comprises contributors from successful projects like Pudgy Penguins, Ethereum, Frame, and Kubernetes.
🎤 Platform Prose
Consumer crypto is the breakthrough opportunity to bring billions of people onchain.Abstract
🔜 What's Next?
Abstract is gearing up for early participation through unique social mechanisms on Discord and Telegram. Interested individuals can join its Discord for more details and opportunities.
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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.
🎤 Founder Feedback
Since inception, Igloo has remained steadfast in our commitment to creating a Web3 ecosystem that enables new ways for brands to interact directly with their consumer base. Frame's team has unmatched experience in building platforms that change the dynamic of how users interact with blockchain technology and how to easily merge both the real and digital worlds.Luca Netz, CEO Pudgy Penguins
🔜 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.
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Pudgy Penguins unveiled Igloo Inc, the new parent company of Pudgy Penguins and OverpassIP, which is on a mission to build the largest on-chain community and drive the consumer crypto revolution.
The Deets
- Pudgy Penguins: The top-of-funnel brand creating emotional attachment and trust.
- OverpassIP: Aligns collectors with the brand through licensing.
- Crypto Adoption: Focuses on non-dilutive entry into the crypto space.
- Future Vision: Plans to create an end-to-end ecosystem for mass crypto adoption.
The Bulk
Igloo Inc was formed to create an end-to-end ecosystem for newcomers to enter the crypto space without dilution. Pudgy Penguins will serve as the gateway, leveraging its unique brand to foster emotional connections with users. OverpassIP will ensure collectors are aligned with the brand through strategic licensing agreements.
The company emphasizes that its goal of crypto adoption does not depend on the volatile nature of crypto assets. Instead, it aims to push the boundaries of the on-chain experience, making it accessible and appealing to a broader audience.
🧐 Wait, What?
The end-to-end ecosystem means creating a comprehensive journey for users from the initial introduction to full participation in the crypto space. This approach ensures users have all the necessary tools and support to engage with crypto confidently.
📊 By the Numbers
After a broader sell-off, Pudgy Penguins regrouped and bounced leading into the weekend and now sit at 8.98 ETH.
🔜 What's Next
In the coming months, Igloo Inc plans to further develop its ecosystem, enhancing the user experience and driving greater adoption of crypto technologies.
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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
This expansion into Target, a leader in retail innovation, signifies more than just growth; it underscores our drive to widen the Pudgy Penguins community, attracting a diverse new audience to our IPLuca Netz
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Arcade.xyz announced "Clash of Claims," a competitive PVP airdrop, offering 3 million $ARCD tokens to holders of select NFT collections.
The Deets
- PVP Airdrop: A unique chance for NFT holders to win part of a 3 million ARCD token pool.
- First Come, First Served: The first 4,000 wallets can claim 750 ARCD each.
- Collection Eligibility: Pudgy Penguins, Lil Pudgys, Bitcoin Puppets, NodeMonkes, Sappy Seals, and more.
- Cross-Blockchain: Open to ETH, SOL, and BTC collection holders, with claims on the ETH Mainnet.
The Bulk
Arcade.xyz, a prominent player in the NFT lending and financialization space, is taking the concept of airdrops to the next level with its "Clash of Claims" event. This initiative not only rewards holders of specific NFT collections but also introduces a competitive element to the airdrop scene, where the early birds get the worm, or in this case, the ARCD tokens.
Eligible collections for this airdrop include: Pudgy Penguins, Lil Pudgys, Sappy Seals, Bitcoin Puppets, RSIC, NodeMonkes, Mad Lads, and Tensorians. This selection underscores Arcade.xyz's strategy to engage with diverse communities across the Ethereum, Solana, and Bitcoin networks.
Participants need to connect their ETH, SOL, or BTC wallets to Arcade.xyz and register an ETH address to qualify for the ARCD claim.
🔜 What's Next?
The official claim window will open sometime next week, though official details were not provided.
🎬 Take Action
Want to prepare for the "Clash of Claims"? Ensure your wallets are connected and your ETH address is registered on Arcade.xyz.
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.
🎤 Founder Feedback
We navigated a complex legal and technical landscape to build a product that was well designed and easy to use. The goal was to do NFT licensing in 3 clicks. We accomplished that: Select NFT - review legal - sign agreement The platform was born from a problem we needed to solve for our own brand growth. Today it is a gift to web3 allowing everyone to truly build together.Lorenzo, President of Pudgy Penguins
❗️ 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.
Pudgy Penguins announced its alpha launch of Pudgy World, a web3 game featuring unique digital and physical collectibles, will launch in Q1 2024 powered by zkSync.
The Deets
- Pudgy World: A digital environment accessible to Pudgy Penguins NFT holders and gamers.
- Hero Characters: Introducing Pudgy and Peaches, guiding players through the game.
- zKSync Era: Utilizing cutting-edge blockchain technology for an immersive experience.
The Bulk
Pudgy Penguins is stepping boldly into the web3 gaming realm with Pudgy World's alpha launch in Q1 of 2024. Powered by zkSync Era technology, Pudgy World will offer an immersive open world, allowing players to personalize their penguins and engage in a story-driven journey.
The announcement introduces two pivotal Hero Characters, Pudgy and Peaches, who add depth to the game's narrative.
Each physical Pudgy Toy, available at major retailers like Walmart, is more than a collectible now; it's a gateway to digital interaction in Pudgy World. Players scan a QR code on each toy to unlock unique traits for their digital counterparts.
🎤 Founder Feedback
Pudgy World's alpha launch is a milestone in making blockchain technology user-friendly and fun. It's about connecting digital and physical worlds in a way never seen before.Luca Netz, CEO of Pudgy Penguins
🔜 What's Next?
Pudgy World's alpha launch is set for Q1 2024.
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
Quite simply put, Pudgy Penguins seems incredibly well positioned to lead the next cycle in NFTs.Spencer
🔜 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
Pudgy Penguins bridges our physical and digital play realms. Their innovative approach and pricing align with our commitment to providing Every Day Low pricesBrittany Smith, Walmart US VP of Merchandising
📊 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
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.
