Foresight News reports, according to Decrypt, the NFT series Pudgy Penguins is planning to achieve an IPO by 2027. CEO Luca Netz revealed that the company expects to achieve a record revenue of $50 million this year and has started collaborating with financial experts to make its PENGU tokens and NFTs more acceptable to retail and institutional investors. He stated, "If we cannot achieve an IPO in the next two years, I will be disappointed in myself, and I ask everyone to hold me accountable then." Additionally, the company is considering tokenizing stocks as an alternative, allowing investors to participate in investments on blockchain trading platforms.

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