Pudgy Penguins: Difference between revisions

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I have declared as i haven't got any single penny neither i do have nay coi with this article if somebody wants to discuss it further you can discuss in talk page of the article
Added details about Lil Pudgys and changed "750 Ethereum" to "750 ETH" since ETH is the actual token name.
 
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{{Short description|Art-based cryptocurrency}}
{{Short description|Art-based cryptocurrency}}
[[File:Pudgy Penguins Logo.jpg|thumb|280x280px]]
'''Pudgy Penguins'''<ref>{{Cite web|url=https://www.ft.com/content/69da37d1-11de-430f-8a86-ea51bd2ae82b|title=NFT creators diversify into real-world assets to generate new revenues|last1=Criddle |first1=Cristina |last2=Gabert-Doyon |first2=Joshua |website=www.ft.com}}</ref><ref>{{Cite web|url=https://www.bbc.com/news/business-67295786|title=Whatever happened to NFTs?|last=Tidy |first=Joe|date=November 10, 2023 |website=[[BBC]]}}</ref> is a blockchain-based collection of [[digital artwork]] composed of [[non-fungible tokens]] (NFTs).<ref>{{Cite news|url=https://www.nytimes.com/2021/08/12/technology/penguin-nft-club.html|title=I Joined a Penguin NFT Club Because Apparently That's What We Do Now|first=Kevin|last=Roose|date=August 12, 2021|newspaper=[[The New York Times]]}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/news/articles/2023-10-16/nft-makers-mutiny-against-blur-opensea-over-sinking-royalties/|title=NFT Makers Are Boycotting Low-Fee Exchanges Over Tumbling Royalties|first=Siddhartha|last=Shukla|date=October 16, 2023|website=www.bloomberg.com}}</ref> It is a collection of 8,888 unique NFTs launched on the [[Ethereum]] [[blockchain]] in August 2021.<ref>{{Cite web|url=https://www.theverge.com/23151540/pudgy-penguins-artist-antoine-mingo-nft-cole-thereum|title=The freelance artist behind a million-dollar NFT collection|first=Ryan S.|last=Gladwin|date=June 9, 2022|website=The Verge}}</ref><ref>{{Cite web|url=https://www.bangkokbiznews.com/finance/cryptocurrency/1091682|title=Walmart กระตุ้นวอลุ่ม เพนกวิน NFT พุ่ง 241% วางขายของเล่นเข้าถึงเกมดิจิทัล|date=October 3, 2023|website=bangkokbiznews}}</ref><ref>{{Cite web|url=https://finance.yahoo.com/news/nft-project-pudgy-penguins-unveils-051514123.html|title=NFT Project Pudgy Penguins Unveils Pudgy World NFT Game|date=December 11, 2023|website=Yahoo Finance}}</ref><ref>{{Cite web|url=https://finance.yahoo.com/news/pudgy-penguins-were-bred-nft-055310892.html|title=Pudgy Penguins were bred for the NFT Winter|date=October 11, 2023|website=Yahoo Finance}}</ref> In December 2021, the original team released the companions to the Pudgy Penguins, Lil Pudgys which are the extension of the original collection, and make a cute and affordable entry into the Pudgy Penguins ecosystem. Lil Pudgys is a collection of 22,222 penguins; 8,888 claimable for free per Pudgy Penguin, and 13,334 sold in a public sale.<ref>{{Cite web |title=Pudgy Media |url=https://media.pudgypenguins.com/education-posts/what-are-lil-pudgys |access-date=2024-05-15 |website=media.pudgypenguins.com}}</ref>


Established in July 2021, the organization was formed by a cohort of university students.<ref>{{Cite web|url=https://techcrunch.com/2023/05/18/pudgy-penguins-nft-toys-ip/|title=Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world|first=Jacquelyn|last=Melinek|date=May 18, 2023}}</ref> In April 2022, Pudgy Penguins underwent acquisition by [[Luca Schnetzler]] for a sum of 750 ETH, equivalent to $2.5 million.<ref>{{Cite web|url=https://fortune.com/2023/11/19/luca-netz-pudgy-penguins-walmart-net-worth/|title=From homeless to making his first million: How the 25-year-old CEO of an NFT collection launched a toy line at Walmart|website=Fortune}}</ref><ref>{{Cite web|url=https://techcrunch.com/2023/09/29/pudgy-penguins-nfts-revenue-problems/|title=Pudgy Penguins' approach may be the answer to fixing NFTs' revenue problems|first=Jacquelyn Melinek and Alex|last=Wilhelm|date=September 29, 2023}}</ref>
'''Pudgy Penguins'''<ref>{{Cite web|url=https://www.ft.com/content/69da37d1-11de-430f-8a86-ea51bd2ae82b|title=NFT creators diversify into real-world assets to generate new revenues|website=www.ft.com}}</ref><ref>{{Cite web|url=https://www.bbc.com/news/business-67295786|title=Whatever happened to NFTs?|date=November 10, 2023|via=www.bbc.com}}</ref> is a blockchain-based collection of [[digital artwork]] composed of [[non-fungible tokens]] (NFTs).<ref>{{Cite web|url=https://www.nytimes.com/2021/08/12/technology/penguin-nft-club.html|title=I Joined a Penguin NFT Club Because Apparently That's What We Do Now|first=Kevin|last=Roose|date=August 12, 2021|via=NYTimes.com}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/news/articles/2023-10-16/nft-makers-mutiny-against-blur-opensea-over-sinking-royalties/|title=NFT Makers Are Boycotting Low-Fee Exchanges Over Tumbling Royalties|first=Siddhartha|last=Shukla|date=October 16, 2023|website=www.bloomberg.com}}</ref> It is a collection of 8,888 unique non-fungible tokens (NFTs) launched on the [[Ethereum]] [[blockchain]] in January 2022.<ref>{{Cite web|url=https://www.theverge.com/23151540/pudgy-penguins-artist-antoine-mingo-nft-cole-thereum|title=The freelance artist behind a million-dollar NFT collection|first=Ryan S.|last=Gladwin|date=June 9, 2022|website=The Verge}}</ref><ref>{{Cite web|url=https://www.bangkokbiznews.com/finance/cryptocurrency/1091682|title=Walmart กระตุ้นวอลุ่ม เพนกวิน NFT พุ่ง 241% วางขายของเล่นเข้าถึงเกมดิจิทัล|date=October 3, 2023|website=bangkokbiznews}}</ref>


Luca and team announced in May 2023 that the Pudgy Penguin toy line would launch on [[Amazon (company)|Amazon]], and quickly sold 20,000 toys in the first two days of sales. Each toy sold also came with a digital collectible. That announcement was followed a few days later by announcing a $9 million dollar fund raise led by early-stage investment firm 1kx—with support from [[Big Brain Holdings]] and [[Kronos Research]], among others. <ref>https://decrypt.co/140825/pudgy-penguins-phygital-toys-amazon-sales</ref>
Established in July 2021, the organization was formed by a cohort of university students.<ref>{{Cite web|url=https://techcrunch.com/2023/05/18/pudgy-penguins-nft-toys-ip/|title=Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world|first=Jacquelyn|last=Melinek|date=May 18, 2023}}</ref> In April 2022, Pudgy Penguins underwent acquisition by [[Luca Schnetzler]] for a sum of 750 Ethereum, equivalent to $2.5 million.<ref>{{Cite web|url=https://fortune.com/2023/11/19/luca-netz-pudgy-penguins-walmart-net-worth/|title=From homeless to making his first million: How the 25-year-old CEO of an NFT collection launched a toy line at Walmart|website=Fortune}}</ref><ref>{{Cite web|url=https://techcrunch.com/2023/09/29/pudgy-penguins-nfts-revenue-problems/|title=Pudgy Penguins' approach may be the answer to fixing NFTs' revenue problems|first=Jacquelyn Melinek and Alex|last=Wilhelm|date=September 29, 2023}}</ref> It comprises a set of 8,888 distinct non-fungible tokens (NFTs) introduced on the Ethereum blockchain in January 2022.<ref>{{Cite web|url=https://finance.yahoo.com/news/nft-project-pudgy-penguins-unveils-051514123.html|title=NFT Project Pudgy Penguins Unveils Pudgy World NFT Game|date=December 11, 2023|website=Yahoo Finance}}</ref><ref>{{Cite web|url=https://finance.yahoo.com/news/pudgy-penguins-were-bred-nft-055310892.html|title=Pudgy Penguins were bred for the NFT Winter|date=October 11, 2023|website=Yahoo Finance}}</ref>

In September 2023, the Pudgy Penguin toy line was released in 2000 [[Walmart]] stores across the [[United States]], and then on May 12, 2024 the Pudgy Penguin team announced that Pudgy Penguin toys would be coming to [[Target Corporation|Target]] stores.<ref>https://finance.yahoo.com/news/pudgy-penguins-expands-pudgy-toys-144200718.html</ref>


==References==
==References==
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{{Drafts moved from mainspace |date=March 2024}}

Latest revision as of 00:56, 15 May 2024

Pudgy Penguins[1][2] is a blockchain-based collection of digital artwork composed of non-fungible tokens (NFTs).[3][4] It is a collection of 8,888 unique NFTs launched on the Ethereum blockchain in August 2021.[5][6][7][8] In December 2021, the original team released the companions to the Pudgy Penguins, Lil Pudgys which are the extension of the original collection, and make a cute and affordable entry into the Pudgy Penguins ecosystem. Lil Pudgys is a collection of 22,222 penguins; 8,888 claimable for free per Pudgy Penguin, and 13,334 sold in a public sale.[9]

Established in July 2021, the organization was formed by a cohort of university students.[10] In April 2022, Pudgy Penguins underwent acquisition by Luca Schnetzler for a sum of 750 ETH, equivalent to $2.5 million.[11][12]

Luca and team announced in May 2023 that the Pudgy Penguin toy line would launch on Amazon, and quickly sold 20,000 toys in the first two days of sales. Each toy sold also came with a digital collectible. That announcement was followed a few days later by announcing a $9 million dollar fund raise led by early-stage investment firm 1kx—with support from Big Brain Holdings and Kronos Research, among others. [13]

In September 2023, the Pudgy Penguin toy line was released in 2000 Walmart stores across the United States, and then on May 12, 2024 the Pudgy Penguin team announced that Pudgy Penguin toys would be coming to Target stores.[14]

References[edit]

  1. ^ Criddle, Cristina; Gabert-Doyon, Joshua. "NFT creators diversify into real-world assets to generate new revenues". www.ft.com.
  2. ^ Tidy, Joe (November 10, 2023). "Whatever happened to NFTs?". BBC.
  3. ^ Roose, Kevin (August 12, 2021). "I Joined a Penguin NFT Club Because Apparently That's What We Do Now". The New York Times.
  4. ^ Shukla, Siddhartha (October 16, 2023). "NFT Makers Are Boycotting Low-Fee Exchanges Over Tumbling Royalties". www.bloomberg.com.
  5. ^ Gladwin, Ryan S. (June 9, 2022). "The freelance artist behind a million-dollar NFT collection". The Verge.
  6. ^ "Walmart กระตุ้นวอลุ่ม เพนกวิน NFT พุ่ง 241% วางขายของเล่นเข้าถึงเกมดิจิทัล". bangkokbiznews. October 3, 2023.
  7. ^ "NFT Project Pudgy Penguins Unveils Pudgy World NFT Game". Yahoo Finance. December 11, 2023.
  8. ^ "Pudgy Penguins were bred for the NFT Winter". Yahoo Finance. October 11, 2023.
  9. ^ "Pudgy Media". media.pudgypenguins.com. Retrieved 2024-05-15.
  10. ^ Melinek, Jacquelyn (May 18, 2023). "Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world".
  11. ^ "From homeless to making his first million: How the 25-year-old CEO of an NFT collection launched a toy line at Walmart". Fortune.
  12. ^ Wilhelm, Jacquelyn Melinek and Alex (September 29, 2023). "Pudgy Penguins' approach may be the answer to fixing NFTs' revenue problems".
  13. ^ https://decrypt.co/140825/pudgy-penguins-phygital-toys-amazon-sales
  14. ^ https://finance.yahoo.com/news/pudgy-penguins-expands-pudgy-toys-144200718.html