Pudgy Penguin’s NFT Collection breaks the ice with record sales of DailyCoin

Pudgy Penguin’s NFTs on the (ETH) blockchain caused many crypto enthusiasts to lose their cool this Tuesday afternoon. It appears that Pudgy Penguin #6873 was sold for a whopping 400 Ethereum (ETH), which converts to $630,780. This marks a breakthrough for the chubby penguins, as it is 4027.97% more than what the penguins were able to sell for last 7 days.

Holy f*ck, 400 ETH ($627K USD) Pudgy Penguin sale. Pretty insane to watch. pic.twitter.com/FeHf3qFJz4

— Farokh (@farokh) August 22, 2022

NFT enthusiasts feel overwhelmed

The rise of Pudgy Penguins NFTs is shocking to many, especially those who know the back story. The Pudgies started their Web3 journey in 2021, but had a crisis in early 2022, when CEO Cole Villemain proceeded to bribe a couple of team members, failed to deliver on promises and planned a carpet pull. However, the Society managed to stop him by wrapping their NFTs so that Mr. Villemain would not receive any more royalties.

He resigned soon after when Luca Netz bought the Pudgy Penguins NFT collection for $2.5 million. Ever since then, the fat penguins have been working their tails off to return to prosperous ways. This is confirmed by Mr. Netz, the new CEO of Pudgy Penguins NFT: “We have been working hard for the last 6 months and I feel that it is finally being noticed”.

The biggest comeback story?

The Pudgy Penguins NFT definitely left an impression on some members of the crypto community, with DoubleQ, the founder of DoubleStudios, calling it ‘the biggest comeback story’. In fact, shooting up 400% in a brutal bear market is an achievement for the larger-sized penguins.

1/ Pudgy Penguins floor shoots up 400% in one of the worst NFT bear markets. The greatest comeback story. Here’s how it happens

— doubleQ (@xDoubleQ) August 21, 2022

However, the expansion plans are not limited to Web3. New CEO Mr. Netz also announced plans to release a physical children’s book and some plush toys. On top of that, the new partnership with Non-Fungible Films could result in the first ever Pudgy Penguin movie on the big screen. This comes just 4 days after the company opened its original marketplace.

At the end of the day, a strong team does everything. Last Friday, Pudgy Penguins NFT announced the addition of Jordan Sterlin, who is partnering with Mark Zuckerberg’s Meta. Pudgy Penguins Advisory Board is something other NFT heavyweights need to look out for, as the newly formed board members also include former employees of well-known blockchain names Roofstock, Nansen and most established chain trading brands such as Nike (NYSE: ) and Starbucks (NASDAQ: ). Ultimately, everyone comes “from different backgrounds in Web2 and Web3” to give fans of pudgies an unforgettable experience.

Introducing the Pudgy Penguins Advisory Board! Our board comes from various backgrounds within Web2 and Web3, and will help in our pursuit of innovation through several industries. We are excited to build with these strategic advisors to elevate our brand to new heights. pic.twitter.com/1s0hx5pzB6

— Pudgy Penguins (@pudgypenguins) August 21, 2022

On the other side

• The NFT market is still in a bearish mood as BendDAO ran out of liquidity yesterday. The situation led to the sale of over 200 Bored Apes NFTs at an auction. As Bored Apes Yacht Club is the most expensive NFT collection, this could result in a domino effect.

Why you should care

Quadruple waves rarely happen in a vengeful bear market. The Pudgy Penguin NFT collection made waves in the NFT sector at the same time as Bored Apes NFT is battling all-time lows.

Learn about another prominent NFT sale:

The Gold Fur Bored Monkey for 777 ETH

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