🐧 Pudgy Penguin is another Success Case of the world's most famous Blue Chip NFT. Let me tell you how he did it.

NFTs have actually exploded in popularity in the crazy 2021, and Pudgy Penguin is no exception.

In late 2021 — early 2022, Patchi encountered a problem. The price plummeted to less than 1 ETH because there were rumors that the Founder team was managing money in a strange way, lacking transparency in finances, and there were internal conflicts.

🐧 On Jan 6, 2022, a whale named Luca Netz, under the name of Netz Capital, was interested in taking over the project and buying all Pudgy for 750 ETH, and the deal was completed in Apr 2022 (approximately 2.5M USDT at that time).

Luca thinks that buying Pudgy Penguin will help him turn the product into an IP (Intellectual Property) so that he can sell cute products like Pudgy Penguin and collect royalties fees from sales from collecting the 8,888 Collection.

Luca, who has experience in marketing and e-commerce, sees that brands like Patji are in demand in the consumer market, so he is pushing for cute characters like this.

🐧 In 2023, Pudgy Penguin will deliver its plush toys to over 2,000 Walmart stores across the US, and by April 2024, it will reach 3,100 stores.


Pudgy Penguin has sold over a million toys in Walmart & Target (a store similar to Big C / Lotus) and has also partnered with Lotte Group in South Korea to expand its business.


🐧 In the traditional form that we are familiar with, NFT must be a digital asset that cannot be touched. It may be seen as just a membership card, an insider's card. But Pudgy Penguin makes it a tangible product.

🐧 Back to the Blockchain side, in terms of platform, the team doesn't let money flow to others! Pudgy Penguin's parent company, Igloo Inc., has also purchased the On-Chain Platform Creator, Frame.

When finished, bring Frame to Rebrand & develop it into a ZK Layer-2 Chain like Abstract Chain to manage transactions on chain on this chain itself.

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🐧 Pudgy Penguin's marketing includes:


(1) Animated GIFs are available on many social media platforms with over 15 billion views.

(2) Instagram Marketing with more than 1.7 million followers.

(3) Transparency in internal money-making

(4) Find leaders in the Web3 industry to be brand ambassadors without being too pushy.

In addition, there are many future development plans, such as Mobile Games in 2025.

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🐧 Back! News that people are probably waiting for: PENGU Coin 88 billion tokens

The one that just opened for trading not long ago has airdropped to the Pudgy Penguin community about 25.9% & all related communities together 47.87%.

On the day of the listing (17 Dec 2024), the total circulation of coins will be 70.22%.

The team/investors/advisors will quota the coins after Dec 2025, gradually releasing until Nov 2028, accounting for 29.78%.

🐧 It's a bit surprising that PENGU is launching on Solana Chain, not Ethereum or Abstract. This is because they want the Patji team to be multi-chain and they want to woo (capture) the Solana community.

🐧 Anyone who plays NFT or is involved in using Web3 Wallets, you may actually have the right to claim the airdrop as well. Because some community groups may have collaborated and dropped it as well. Including the group of people who used to hold FTT from FTX that has already collapsed, which is open for claiming for 88 days from the date he tweeted on 17 Dec 2024.

Claim here: http://claim.pudgypenguins.com

https://x.com/pudgypenguins/status/1869004989731160153

🐧 The PENGU coin is available for trading on major exchanges around the world (yellow and black are also available, hehe). If you get an Airdrop, you can transfer it to trade on various exchanges!

Thanks for the information from:#arjun/#Bankless/#Coingecko/#Theblock/ #Decrypt

#EarthDeFIRE Report 20/12/2024