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News- Trading volume of well liked NFT collection surged by more than 500%, as per a data provided by data tracker CryptoSlam.
- Pudgy Penguins fans are speculating that the project is going to unveil a metaverse. Yuga Labs, BAYC creators also announced their metaverse, Otherside.
- Earlier this month, Luca Netz, an entrepreneur based in Los Angeles, purchased Pudgy Penguins NFT series.
Pudgy Penguins Are On Roll
Popular NFT collection, Pudgy Penguins witnessed some mesmerizing sales volumes going up amid high exponential increase in demand as they exhibited an Antarctic Map. As per data offered by CryptoSlam, a data provider, channel’s trade volume shot up by over 500%.
Fans of the project think that Pudgy Penguins are going to launch a metaverse based on that map, which resembles a metaverse.
Recently, creators of Bored Ape Yacht Club, Yuga Labs, hinted towards a metaverse called otherside. They posted a teaser involving a Bored Ape and other prominent NFT collections such as CryptoPunks. The post contains a phrase saying, “see you on the Otherside.”
Earlier this month, Pudgy Penguins series was bagged by an entrepreneur based in Los Angeles, Luca Netz, after its community ousted the creators back in January.
As of this writing, Pudgy Penguins NFTs had a floor price of 2.44 Ethereum.
What Are Pudgy Penguins?
Pudgy Penguins are a cluster of animated penguins traded as Non Fungible Tokens. These creatures are fluffy, rare and expensive. There are total of 8,888 penguins in this series.
Basically, Pudgy Penguins are blockchain-based virtual collectibles. NFTs like Pudgy Penguins are non fungible, meaning they cannot be traded with each other. All the 8,888 Pudgy Penguins are distinct from each other, as their traits vary in each of the characters. Some sports eggs, others wear bamboo hats, and some wear crowns. Some hide behind sunglasses, some smiles, and other winks.
Although users can easily make their own Pudgy Penguin project, and just copy-paste it in their NFTs, they may have difficulty in producing clout of authentic Pudgy Penguins project. This is due to transparent and immutable character of Ethereum blockchain, one can easily tell that which Pudgy Penguin was made utilizing authentic Pudgy Penguins code.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
