The Pudgy Penguins NFT collection is enjoying a resurgence, currently ranking as the second most popular collection on OpenSea.

Once a successful NFT The Pudgy Penguins collection experienced challenges due to internal turmoil concerning the founding team and community disagreements, but it has found new life after its ownership changed hands, indicating a promising future. ranked Pudgy Penguins made its debut on OpenSea on August 21, now ranked second below the Bored Ape Yacht Club. In a mere 24 hours, the collection generated a staggering 765 ETH, accumulating a total trade volume of 59,455 ETH, and currently holds a floor price of 3.89 ETH.

Launched back in August 2021, the NFT collection gained traction and was initially viewed as a potential blue-chip player within the PFP segment.

In April, the 8,888 NFT collection was  sold The project was sold to LA-based entrepreneur Luca Netz for 750 ETH (about $2.5 million) as the original team was ousted by the community due to their poor performance. shady background After the transition, the floor price jumped from 1 ETH to 3.5 ETH, only to later see a decrease. In April, Business Insider reported on a weekly sales surge reaching nearly $10 million along with a $47,000 transaction.

Under new leadership, the Pudgy Penguins project has formed an advisory board filled with experts from both web realms: including Alex Svanevik (CEO of Nansen), Sanjay Raghavan (Head of Web3 at Roofstock), RJ Cilley (COO of SAKS Fifth Ave), Jess Richardson (Head of Licensing at Hasbro), Paolo Moreno (Advisor at SFX Entertainment and Fashion Nova), and more. recorded In addition to leadership changes, the team has introduced a fresh roadmap, designed a marketplace exclusively for Pudgy Penguins, and launched toys that depict the NFTs, all of which are licensed from the community. Over the last four months, the team has also produced merchandise and significantly boosted the project’s social media presence on Instagram and Twitter.

While many NFTs are losing value during the bear market, the floor price of Pudgy Penguins has surged by 400%. This resurgence suggests that the revived NFT collection could maintain its market position, though it may also just represent a temporary upswing. Only time will tell what the future holds. announced The Ethereum network has successfully transitioned its Ropsten Test Network to a proof-of-stake model.

Johanna Robinson is set to launch 170 'wishing' coins as NFTs in conjunction with her exhibition in New York City. Pudgy Media Market Update: The crypto winter persists; prices continue to decline.

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• Agne is a journalist for Metaverse Post, focusing on the latest trends in the metaverse, AI, and Web3 sectors. Her enthusiasm for storytelling has led her to engage in numerous interviews with industry experts, always searching for captivating narratives. Agne has a Bachelor’s degree in literature and has a rich background in writing across various subjects, including travel, art, and culture. Additionally, she has volunteered as an editor for an animal rights organization, contributing to efforts that raise awareness about animal welfare. Feel free to reach out to her on social media.
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