Pudgy Penguins has actually rejected speculation that it got NFT market OpenSea, following a wave of social networks chatter recommending an offer might have closed as early as December 2024.
In a Saturday post on X, Beau, head of security at Pudgy Penguins, dismissed the acquisition talk. “Pudgy Penguins didn’t purchase OpenSea … chill,” he composed.
He declared that the job has huge strategies, so there’s no requirement to concentrate on simply one possible acquisition. “Discuss partnering with Lufthansa and NASCAR, and go discover the next excellent brand name for us to multiply with,” Beau composed.
Pudgy Penguins is a collection of 8,888 flightless bird NFTs released in July 2021. The job has actually likewise broadened into physical items with a Pudgy Toys line in collaboration with PMI Toys, permitting NFT holders to make from industrial usage through its OverpassIP platform.
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Reports of Pudgy Penguins’ interest in OpenSea
The reports of OpenSea’s acquisition got traction after numerous X users indicated previous remarks by CEO Luca Netz, consisting of a now-resurfaced October 2024 post where he stated he desired his business to purchase OpenSea.
Other neighborhood members hypothesized that a purchase might have happened silently, mentioning coincidental timing with Pudgy’s December statements and OpenSea’s later policy shifts around token assistance.
Nevertheless, Beau pressed back on the story. “I do not really believe obtaining OS registered nurse would make a great deal of sense for us,” he composed in an earlier reply, highlighting the group’s choice to concentrate on verified advancements instead of speculation.
Pudgy Penguins has actually just recently leaned into brand name collaborations, consisting of tie-ups with Lufthansa and NASCAR. Last month, the job likewise released a skill-based Web3 video game called Pengu Clash for The Open Network (LOT) blockchain, signing up with the competitive mini-game area.
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NFT market rebounds as CryptoPunks lead $6.6 B rise
The NFT market is revealing restored momentum, with overall market capitalization striking $6.6 billion in July, a 94% dive from the previous month, according to DappRadar. Weekly trading volumes likewise climbed up 51%, marking the greatest efficiency because February.
Leading the resurgence is the Ethereum-based collection CryptoPunks, whose flooring costs leapt 53%. DappRadar experts kept in mind the collection’s long-lasting appeal as a Web3 status sign. On July 22, CryptoPunks saw 83 brand-new purchases and a 15.9% flooring rate increase within 24 hr, reaching almost $180,000 per Punk.
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