Pudgy Penguins

What is Pudgy Penguins?

2022 has been a slightly less than optimal year for the NFT – especially the Non Fungible Tokens that fall under the niche of Profile Picture NFTs. Pudgy Penguins, however, is here to carve a different niche within this niche, focusing on the community aspect and doubling on the Web3 branding.

Pudgy Penguin NFT: 8,888 cute penguin themed avatars

Pudgy Penguins NFT is a collection of 8,888 uniquely generated penguin NFTs on Ethereum with over 150 traits for mouths, faces, eyes, skins, and backgrounds.

Pudgy Penguins were launched on July 22, 2021, and quickly gained the NFT crowd’s attention because of their rather simple but unique look. Each NFT features a plain and expressive penguin that aims to create a serene atmosphere for the NFT holders.

The original aim of this project is to bring a Web3 brand to real life. The team has huddled together to create a web3 NFT ecosystem that can increase the adoption rate. That, and the team’s bullishness to create NFT projects that matter, helped this project skyrocket in value soon after landing on the market.

Pudgy Penguin Price History

Within half a month after launch, the value of a pudgy Penguin NFT reached 2.7ETH. And like with all the other NFT projects, the hype died for a while, pushing the importance of this NFT project down. There was no buzz about this project in the last days of 2021, leading to its floor price dropping below 1ETH and hovering around 0.5ETH. Thankfully, a bunch of PudgyPenguins enthusiasts quickly rallied to bounce the price back up.

The Pudgy bulls continued to rally the token till the end of March 30, which pushed the floor price of Pudgy Penguins NFT to an all-time high of 3.15ETH. It led the entire crypto crowd to believe that this project had finally redeemed itself. However, it then suffered like the rest of the crypto market, dropping once again below the 1ETH level. After a marginal bounce, another bull rally began – pushing the floor price to another all-time high, and this time, we believe that the price might be here to stay.

Pudgy Penguins has been one of the few NFT projects whose floor price has reached all-time high levels after the 2022-2023 bear market. It is partly because Pudgy Penguins have become a status symbol – something to flex – which is one of the reasons that NFTs first became ubiquitous. Is the Pudgy Penguins NFT project trying to bring the good old days?

If you want to deep dive into the price action of the collection, our Pudgy Penguins chart gets you covered!

Pudgy Penguins creator

Pudgy Penguins is the brainchild of 4 individuals who remained anonymous during the project’s launch. However, the New York Times stepped in and revealed their identities.

Four friends created the Pudgy Penguins NFT project, while pursuing Computer Science. The head honcho of this project is Mr. Tubby, whose real name is Clayton Patterson. His reason for launching the project was to leverage the meme potential he saw in fat-looking penguins.

Pudgy penguins mint price was 0.03 ETH (around $90 at the time). And after the launch, the project spread out like wildfire. The simplistic artwork, coupled with the fact that meme has been a big thing on the internet since the beginning, naturally started a community as soon as the project landed. NFT owners became the “huddlers,” and they formed a “The huddle,” a community that focuses on pushing NFTs in a way that can increase their adoption rate.

All these elements combined helped the pudgy penguin price to skyrocket. Sadly, some time after the drop of the collection, Cole Pudgy Penguins co-founder - also known as ColeThereum - would be accused of stealing funds, of running a cash grab based on lies regarding the state of development of the project, and worst of all, of trying to sell the Brand.

In our Pudgy Penguins floor price chart, you can check how all these events impacted the price of the collection.

Pudgy Penguin crypto value proposition

Pudgy Penguins were designed as a meme. NFTs have been historically described as memes due to their quirky artworks and their outlandish costs. And while other projects have tried to take a more practical approach towards the NFTs, Pudgy Penguins have leaned into that meme aspect.

So what are pudgy penguins? They are the NFTs that reside in the arctic region of the metaverse. Each pengiun NFT is called “Pengu,” taken from the claymation shorts about a Penguin family living in the Arctic.

While there is no definite lore about this project, one can see the original vision of this project.

The developers of this project want Pudgy Penguins to be at the forefront of building an innovation within the web3 ecosystem. NFT Penguins have created a community of like-minded individuals trying to develop a mass adoptable web3 brand.

Much of the evidence for that claim exists in the merchandise of this NFT project.

What makes the Pudgy Penguins Crypto collection unique?

The NFT Pudgy Penguin collection is not so different from other PFP-driven projects. However, what makes them unique are:

The developers have leaned into the joke aspect of the project. And an essential ingredient behind the secret sauce of pudgy penguins prices growth has been the developer’s acceptance of what this project represents. It started as a Joke; NFT and the crypto crowd responded to their honesty and growth.

Pudgy Penguins Children’s Books are on the way: All the NFTs in the Pudgy Penguin NFT project can be construed as cute. Every character feels harmless enough to be easily included in a children’s storybook. It is contrary to other projects – like Goblin Town WTF. The developers are in the works of creating a memorable story about the Pudgy Penguins NFTs to educate the next generation of NFT holders in a fun way.

Introduction of Lil Pudgys: Pudgy Penguins have already taken a step towards the children’s story by introducing Lil Pudgys. These are a collection of 22.222 NFTs of northern decent who are fierce, mighty, and can fight against the evil bears of negativity. These NFTs are given to eligible Penguin NFT holders for free.

Pudgy media: Pudgy Media is “built with love for the huddle” and is a community-driven project that is there to empower creators to accomplish their dreams. Here, the NFT holders can engage with other Penguins to bring to life creations through their NFTs.

Marketplace: the project has launched its own NFT marketplace using the Origin protocol – giving the crowd a chance to get the best pudgy penguins price from a place other than the traditional marketplaces.

Luca Netz Pudgy Penguins acquisition and the future of the project

The Pudgy Penguins NFT project was supposedly working on creating a metaverse, a game and even an anime series. The idea was to incorporate the penguine NFT collection into a Japanese anime series that took Japanese culture and cinematic aesthetics into account.

The Pudgy Penguins team had stated that a manga studio would create the story at the highest level of production. But late 2021, rumors began to circulate that one of the founders of the project, ColeThereum, could be engaged in some nefarious activities and scams. Fears of a rug pull came to fruition when it was disclosed that the founders had emptied the account reserved for the project development.

However, there was a happy end for the story when the serial entrepreneur Luca Netz stepped up and saved the project, purchasing it for 750 ETH (around 2.5M) in April 2022.

Pudgy Penguins Walmart collaboration

Pudgy Penguins made a splash in Walmart, expanding their adorable toy line, "Pudgy Toys," to over 1,100 additional Walmart stores across the USA. Following their initial launch in 2023, this expansion introduces thirty new collectibles, highlighting the collaboration's success and the characters' popularity. Unique to Walmart, Pudgy Penguins toys include a QR code unlocking traits in Pudgy World, a blockchain-powered game. Importantly, Pudgy Penguins NFT holders can earn royalties from toy sales, thanks to a new licensing platform. For more details on this innovative way for NFT holders to benefit from their digital assets and to check out the new toy collection, you can visit pudgypenguins.com

Pudgy Penguins rarity

How much is a penguin worth is determined by a combination of factors, like the current market sentiment, the popularity of the owner selling it and, more specifically, the rarity of the item. The Pudgy Penguin NFT collection features 150 different traits, so each penguin is the result of a unique combination of attributes (some scarcer than others).

Here is the breakdown of the traits that determine to a great extent each pudgy penguin NFT price:

• 13 backgrounds
• 64 bodies
• 27 faces
• 54 heads
• 15 skins

As you will see, it’s very unusual to find rare attributes on the pudgy floor because traders and bots take advantage of opportunities really fast!

How much is a Pudgy Penguin rare item? The most expensive pudgy penguin NFT ever

Because of the great popularity that the Pudgy Penguin collection has achieved, the fact that the serial entrepreneur Luca Netz acquired the project, and some popular names of the crypto space like Alex Svanevik being supporters, some items have been sold for a lot of money in the secondary markets. The most expensive Pudgy Penguins NFT ever sold is #6873. It was sold for 225 ETH on September 8, 2021 ($775,000 at the time. The same item was later on resold for 400 ETH on August 22, 2022 ($650,000 at the time. So, as we can see, the pudgy penguins crypto price of some rare items can be really high.

Where to buy Pudgy Penguins NFT?

If you want to know how to buy pudgy penguin NFT items getting the best quotes, you have come to the right place. There are many marketplaces where you can buy Pudgy Penguin NFTs, including the official marketplace on the Origin Protocol. But our marketplace aggregator is also the best way to make sure you get the best Pudgy Penguins NFT price at any given time.

Pudgy Penguins floor price stats open and free for everyone

Before making your first purchase, please remember that NFT Price Floor aggregates nft penguin price quotes, volume, sales and other metrics across marketplaces, in order to help you make informed decisions. You can even track the pudgy penguins market cap in our NFT collections ranking!

We also offer the best penguin chart of the market, so you can track the whole price history and compare it to the current pudgy penguins value. And for those looking for the best Pudgy Penguins price prediction, we have many amazing Pudgy Penguins valuation tools that help analysts in their endeavors!