I believe you have seen the news about Pudgy Penguins everywhere recently, but why can the floor price continue to rise unaffected in the bear market, and is the community even becoming more and more powerful recently?
Pudgy Penguins is an NFT project composed of 8888 penguins. Its founders @ColeThereum and @tubbyfat wanted to create a project full of hope and positivity, so they adopted this cute style.
Lil Pudgy is a derivative project, of which 8,888 can only be distributed to Pudgy Penguin holders, while 13,334 will be sold in the form of Public Mint.
It is worth mentioning that Lil Pudgy uses LayerZero technology to allow holders to choose to store Lil Pudgy cross-chain on different chains, but it is limited to Arbitrum, Polygon, and BNB chains. Its goal is to promote Pudgy’s IP to different chains. Up⛓️
Pudgy was once rumored to be a Soft Rug because NFT collector @9x9x9eth broke the news that Pudgy had sold him equity for 4000ETH, and after a while even proposed to sell the entire project to him for 888ETH. At that time, it was even revealed that the team relied entirely on Fundraising and loans, and the team had very little working capital left😵
Pudgy Penguin’s price dropped by more than half during its downturn, but only 24-year-old young entrepreneur Luca Netz acquired it for 750 ETH in January 2022 (valued at $2.5 million at the time). Luca vowed to promote Pudgy to Web2, and he used his contacts to promote it and launched Pudgy dolls in North America, ensuring that Pudgy could be seen in every corner, combining Web2 and Web3
Why is Pudgy rising instead of falling?
Marketing strategy: Pudgy is not only promoted on Web3 Focused Twitter, it is also vigorously promoted on Instagram with Reels, GIFs and different forms, targeting the Web2 audience. Pudgy’s IG now has nearly 900,000 followers.
Affinity: Pudgy’s dolls and Figures are priced at a price that everyone can afford, so even if they don’t know that Pudgy is a Web3 brand, they may buy it because they want Pudgy’s cuteness, and the public can buy it conveniently on Amazon or Walmart.
The bridge between Web2 and Web3: Each Pudgy doll will have a QR code for the holder to scan, increasing the holder’s play experience. Finally, it will guide the holder to open a Web3 wallet, allowing the public to get started with Web3, and popularizing the use of Web3 wallets. application.
The above points all prove Pudgy's contribution to connecting Web2 and Web3. Compared with other projects that only focus on floor prices and different Price Motions, what Pudgy promotes and establishes has positively helped the entire Web3 industry and started to make more people understand Web3.
Pudgy has loyal fans in every corner of the world and has established different communities. Representatives in Asia include @PudgyCn @PudgyAsia @PudgyVietnam and @Pudgymalaysia 🇨🇳🇲🇾🇻🇳
If you are interested in Pudgy, you may want to follow their Twitter!
