Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pudgy-penguins-nft-collection-sees-remarkable-sales-growth/" data-wpel-link="internal">Pudgy Penguins NFT Collection Sees Remarkable Sales Growth</a><br></p>
<p class="p1" style="text-align: justify">While the <a href="https://en.coin-turk.com/altcoins-challenge-bitcoin-xrp-ada-doge-shib-lead-the-weeks-start/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> continues its anxious wait, notable developments in the NFT sector persist. Pudgy Penguins’ CEO Luca Schnetzler reports that over the past 12 months, more than one million Pudgy Penguin toys have been sold. The founder of the popular Pudgy Penguins NFT project announced that sales continued to spread across global retail chain stores on May 13, surpassing one million last year.</p> 
<h2 class="p1" style="text-align: justify" id="intense-interest-in-pudgy-penguins">Intense Interest in Pudgy Penguins</h2> 
<p class="p1" style="text-align: justify">The sales milestone followed the announcement on May 12 that Pudgy Toys, in collaboration with Pudgy World, was launched at the U.S.-based retail giant Target. Pudgy Penguins is a popular NFT collection created in 2021, featuring 8,888 colorful penguin avatars.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-350671" src="https://coin-turk.com/wp-content/uploads/2024/05/luca.png" alt="" width="500" height="594"></p> 
<p class="p1" style="text-align: justify">The project had a challenging start due to rug pull allegations against a former founder. However, Schnetzler bought the brand in 2022 for $2.5 million. The success of selling plush toy versions of the popular penguins at retail giant Walmart also contributed to its success.</p> 
<p class="p1" style="text-align: justify">The Pudgy Penguin model allows NFT owners to earn a 5% royalty fee on the net revenue from sales of physical products containing unique Pudgy Penguins. According to the NFT marketplace OpenSea, the floor <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> for NFT versions is 12.87 Ethereum, or about $37,580 at current <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">prices</a>. OpenSea reports that the most expensive recent sale was Penguin #6873, which sold for a substantial 400 ETH, approximately $1.17 million.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-350670 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/pudgy.jpg" alt="" width="1477" height="500"></p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-nft-market">What’s Happening in the NFT Market?</h2> 
<p class="p1" style="text-align: justify">The collection’s sales activity surged in mid-February, reaching a peak of 439 sales per day at an average price of 20 ETH. Since then, sales volumes have slightly declined to about 269 sales per day as of May 6.</p> 
<p class="p1" style="text-align: justify">According to the NFT sales tracking platform CryptoSlam, Pudgy Penguins ranked as the twelfth highest secondary sales NFT collection in the last seven days, valued at $2.2 million. Recently, unclassified Bitcoin Ordinals NFTs have been the top-selling NFTs, while CryptoPunks on the Ethereum network remains the most popular collection.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/pudgy-penguins-nft-collection-sees-remarkable-sales-growth/" data-wpel-link="internal">Pudgy Penguins NFT Collection Sees Remarkable Sales Growth</a></h5>

Pudgy Penguins NFT Collection Sees Remarkable Sales Growth

Table of Contents

COINTURK NEWS

Other articles published on May 13, 2024

Bitcoin, Ethereum, Dogecoin, Pumped And Retraced After The Last Inflation Data Release — What To ...

Understanding what are crypto tokens: differences, uses, and types

Top Trending Crypto Coins on DEXTools – Solscasino, Pepefork, SKY Raiders

Uniswap CEO warns US President to reverse course on crypto policies

Pepe Coin Surges in Meme Token Market

IBM Open Sources Granite Code Models, Revolutionizing Software Development

Join our free newsletter for daily crypto updates!