SNEAK PEEK
- In ether terms, the Pudgy Penguin’s floor price has risen by 25% in the last 24 hours.
- In December, the cheapest item in the collection nearly quadrupled in US dollar terms.
- Following a sold-out premiere at Sotheby’s, sales have increased this month.
The floor price of the Pudgy Penguins NFT collection has surged by 25% in the last day, indicating that the NFT market is seeing a slight recovery. The recent price increase coincides with a revival in NFT sales volume, with sales reaching $19 million.
This month, the charming collection’s price, a measure of the lowest NFT in the collection, nearly doubled. According to statistics from nftpricefloor.com, it is presently worth roughly 6 ETH ($7,310).
Pudgy Penguins CEO Luca Schnetzler said that the initiative is delivering some income to token holders despite the fact that the value of other NFTs has plummeted. Based on its NFTs, it has struck arrangements to make cuddly toys and children’s novels.
According to Netz, Pudgy Penguin-branded items, such as t-shirts, caps, and hoodies, saw an increase in sales. In the coming year, he plans to focus on toys and antiques.
A collection labeled “Snowed At: A Rare Pudgy Penguins Sale” sold out in an auction hosted by Sotheby’s at the beginning of December for about $129,000. Among the items for sale were numerous rare Pudgy Penguins with gold skin and an egg attachment.
Schnetzler said:
From Pingu to Club Penguin to Happy Feet, every generation has had their great penguin IP… there’s a massive chance for the next great penguins to infiltrate not only the metaverse but the actual world.
