Ethereum

World

Peaches

zkSync

<ul> 
 <li><em>Pudgy Penguins witnessed a surge in interest as they were deployed on zkSync.</em></li> 
 <li><em>Interest in Yuga Labs NFTs also surged, however, APE’s price fell.</em></li> 
</ul> 
<p>The NFT market went through some hard times at the beginning of the year. However, as the crypto sector recovered, interest in NFTs also grew.</p> 
<h4><strong>Feeling Pudgy</strong></h4> 
<p>Pudgy Penguins recently revealed plans to unveil Pudgy World Alpha, utilizing zkSync technology in early 2024. Over the last 24 hours, Pudgy Penguins NFTs experienced a notable surge, escalating by over 9% and reaching 11.7 ETH, marking consecutive record highs.</p> 
<p>The upcoming launch will introduce new characters, Pudgy and Peaches, with a special limited edition Pudgy &amp; Peaches collectible currently up for auction. This development signals an exciting phase for the Pudgy Penguins community and the broader NFT market.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Pudgy World Alpha, powered by <a href="https://twitter.com/zksync?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">@zksync</a>, releasing Q1 of 2024.</p> 
 <p>The beginning of a new era of blockchain-backed experiences, with the goal of onboarding millions, brought to you by Pudgy Penguins. <a href="https://t.co/ZvCRRGSUSH" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">pic.twitter.com/ZvCRRGSUSH</a></p> 
 <p>— Pudgy Penguins (@pudgypenguins) <a href="https://twitter.com/pudgypenguins/status/1733672528453705819?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">December 10, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The introduction of Pudgy World Alpha powered by zkSync in early 2024 is poised to have a positive impact on the NFT market.</p> 
<p>The utilization of zkSync technology enhances scalability and efficiency, addressing common challenges such as high gas fees and slow transaction processing on the Ethereum network.</p> 
<p>This improvement is likely to attract more participants to the NFT space, fostering increased engagement and trading activity. As Pudgy Penguins NFTs experience a surge in value, the broader NFT market may witness heightened interest and investment.</p> 
<p>Additionally, zkSync, being at the core of the pudgy penguin development, stands to gain recognition and adoption, solidifying its position as a promising scaling solution for NFT platforms and potentially influencing its widespread application across the blockchain ecosystem.</p> 
<p>This could help gain the L2 network cover more ground in its sector.</p> 
<h4><strong>More NFT interest</strong></h4> 
<p>Yuga Labs NFTs also saw a surge in interest. Recent data showed that BAYC, a popular yuga Labs collection observed a spike of 6.41% in terms of average price.</p> 
<p>&nbsp;</p> 
<div id="attachment_81587" style="width: 100%" class="wp-caption alignnone">
 <a href="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/10154633/Screenshot-2023-12-10-at-3.46.05-PM.png" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer"><img aria-describedby="caption-attachment-81587" decoding="async" class="size-full wp-image-81587" src="https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2023/12/10154633/Screenshot-2023-12-10-at-3.46.05-PM.png" alt="" width="2554" height="866"></a>
 <p id="caption-attachment-81587" class="wp-caption-text">Source: NFTGO</p>
</div> 
<p><span class="body-1 mrg-s mrg--l mrg--r">However, <a href="https://ambcrypto.com/ape-traders-can-go-long-if-it-retests-this-support-heres-why/" target="_blank" rel="noopener" data-wpel-link="internal">ApeCoin[APE]</a>, the token associated with Yuga Labs fell by 2.34% in the last 24 hours and was trading at $</span><span class="body-1 mrg-s mrg--l mrg--r">1.7838. </span></p>  
<p style="text-align: center;">Read&nbsp;<a href="https://ambcrypto.com/predictions/apecoin-price-prediction" target="_blank" rel="noopener" data-wpel-link="internal">ApeCoin’s [APE] Price Prediction</a>&nbsp;2023-24</p>  
<p><span class="body-1 mrg-s mrg--l mrg--r">Moreover, the network growth of APE also fell. This meant that the number of new addresses holding APE had fallen. </span></p> 
<p><span class="body-1 mrg-s mrg--l mrg--r">The velocity around APE also declined. This suggested that the number of addresses trading APE has decreased.</span></p> 
<div class="change txt-m expl-tooltip svelte-1pprwug" aria-label="24h change"> 
 <div class="row v-center change svelte-ga49od down"> 
  <div id="attachment_358146" style="width: 100%" class="wp-caption aligncenter">
   <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-358146" decoding="async" class="wp-image-358146 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/ApeCoin-APE-15.55.25-10-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
   <p id="caption-attachment-358146" class="wp-caption-text">Source: Santiment</p>
  </div> 
 </div> 
</div> 
<p>&nbsp;</p> 
<p>&nbsp;</p> 
<p>&nbsp;</p>

Can the rising interest in Pudgy Penguins save the NFT sector?

AMBCrypto

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