Pudgy Penguins Release Soulbound Token

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Pudgy Penguins have released a soulbound token according to a recent tweet.

Soulbound tokens cannot be transferred, bought, or sold and will forever be bound to the wallet it is currently in.

The tokens, known as "penguPins," was airdropped to holders who licensed their Pudgy Penguins NFT to be used in the team's physical toy deal with PMI Toys.

The team believes that soulbound tokens are here to stay and are a key component for the future of Web 3 that "allows users to publicly quantify their impact and involvement within our community."

Pudgy Penguins also hinted at this just being the beginning of its commitment to soulbound tokens as the team wants to continually find relevant use-cases for them within the NFT and crypto space.

The current floor price of a Pudgy Penguins NFT is 2.90 ETH according to the Lucky Trader Project Rankings.

Author Bio

Cameron Ciletti

Cameron Ciletti is an NFT Analyst for Lucky Trader with over four years of writing experience ranging from fantasy sports to NFTs. Cameron is very keen on CC0 NFTs as he believes free usage rights aligns with the values of what Web 3 is trying to accomplish. Cameron is also a big advocate for mental health awareness as he has Bipolar disorder and wants others to know they are not alone in their struggles with mental health. Outside of NFTs, he enjoys playing the board game Catan competitively and the video game Rocket League.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.