More than 1 million Pudgy Penguin toys have been sold over the past 12 months, according to
More than a million Pudgy Penguin toys have been sold over the past 12 months according to the CEO of the non-fungible token (NFT) project, Luca Schnitzler.
On May 13, the founder of the popular Pudgy Penguins NFT project revealed that sales had risen to more than 1 million last year as expansion continued at retailers around the world.
“Who would have thought that the consumer cryptocurrency revolution would be led by fat, flightless birds?” he exclaimed.
The sales milestone comes on May 12th advertisement Pudgy toys with Pudgy World are now available at US retail giant Target.
Over 1 million games sold in the last 12 months @pudgypenguins It continues its expansion into retailers around the world.
Who would have thought that the consumer cryptocurrency revolution would be led by fat, flightless birds? pic.twitter.com/E8jmSICwlt
– Luca Netz (@LucaNetz) May 12, 2024
Pudgy Penguins is a popular NFT collection created in 2021, featuring 8,888 colorful penguin avatars.
The project had a difficult start, as the previous founder was accused of pulling the rug. However, Schnitzler purchased the brand in 2022 for $2.5 million.
Stuffed toy versions of the popular penguins are also being sold at retail giant Walmart, adding to their success.
The Pudgy Penguin model allows NFT holders to earn 5% royalties on net revenue from sales of physical products featuring their unique Pudgy Penguin.
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According to NFT marketplace OpenSea, the minimum price for NFT releases is 12.87 ETH or approximately $37,580 at current prices.
The most expensive recent sale was Penguin #6873 which was worth 400 ETH, or about $1.17 million, according to OpenSea.
The group's sales activity surged in mid-February to reach a peak of 439 sales per day at an average price of 20 ETH. Sales volumes have since declined slightly to around 269 sales per day as of May 6.
According to NFT sales tracking platform CryptoSlam, Pudgy Penguins is the 12th highest NFT group in terms of secondary sales over the past seven days at $2.2 million.
Uncategorized Bitcoin Ordinals are the best-selling NFTs and CryptoPunks are the most popular group.
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