Pudgy Penguins: A Leader in the NFT Space Auctions Iconic Penguin Art in Sotheby’s

The Pudgy community is a global and diverse group of individuals who share a common love for the adorable and unique digital asset. This community is not only inclusive and welcoming to all, but it is also a lot of fun to be a part of.

Non-fungible tokens, famously known as NFTs, are collections of art pieces, media, or digital content with unique identities that distinguish them from each other. NFTs use the same programming as other cryptocurrencies, such as Bitcoin or Ethereum, but that is where the similarity ends. During NFT trading, pieces of art are sold in digital form, which is done by creating secure ownership of an original digital asset. It can also open access to active communities of potential buyers, which is what Pudgy Penguins are up to.

The Pudgy Penguins NFT collection was created by 4 college friends who teamed up to create one of most famous NFT collections to date. These pieces of art were well received during the launch of Pudgy Penguins, giving it the top spot in the NFT space. Pudgy Penguins has a community with the best and most viral memes in the form of chubby and humorous penguins.

Through their creativity, Pudgy Penguins have reached a billion people through GIFs that go viral on their platform. Their community involvement has also helped to spread the GIFs, making over a billion impressions on GIPHY. Pudgy Penguins have definitely become a beacon of positivity in the NFT space because of their hilarious memes.

Pudgy Penguins was also the first NFT project that used a soulbound token (SBT) in a tangible use case. The SBTs added a new layer, which is verifiable, to one’s identity and can be used for recording transactions and ownership immutably.

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But why would you consider buying art from the Pudgy Penguins collection? First, Pudgy Penguins have a rich history. It was started in 2021 and experienced exponential market growth soon after its launch. The collection generated over 60,000 ETH in transaction volume in its first 12 months and witnessed individual sales of up to 400 ETH. With these successes, Pudgy Penguins forced their way to the top, becoming a leader in the NFT space. But that is not all to this story.

Pudgy Penguins faced a challenge in the first half of 2022. The collection struggled to move forward, leading to the transfer of ownership. Its original founder, Cole Thereum, transferred his iconic Penguin to Luca Netz and his team. This iconic piece of art is one of the most sought-after digital collectibles, which plays a vital role in the collection’s history. It symbolizes the new changes and resilience of the community members. Recently, it was up for grabs in a planned auction with Sotheby’s, along with other rare penguins.

A portion of the auction proceeds were dedicated to the launch of the Cozy Horizon Fund, which supports community-focused initiatives for Pudgy Penguins NFT holders. The remainder will go to charity to support science-based conservation efforts in Antarctica.

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In conclusion, the Pudgy community is a global and diverse group of individuals who are passionate about the unique digital asset. Their recent success at Sotheby’s is a testament to the growing demand for NFTs and the potential for Pudgy to become the most recognizable and valuable brand in the Web3 space. Pudgy’s unique IP and focus on community building make it an exciting investment opportunity for those looking to diversify their crypto portfolio with assets that have real-world value.

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