More than a million fluffy penguin toys have been sold, allowing Pudgy Penguin NFT holders to reap the rewards.
More than a million Pudgy Penguin toys have been sold over the past 12 months according to the nonfungible token project CEO, Luca Schnetzler.NFT project revealed that sales have soared to over a million in the past year as it continues expanding into retailers around the globe.
“Who would’ve thought that the Consumer Crypto revolution was going to be led by fat flightless birds,” he exclaimed.The project had a rocky start, with the former founder embroiled in rug pull accusations. However, Schnetzler bought the brand in 2022 for $2.5 million. Stuffed toy versions of the popular penguins are also for sale in retail giant Walmart which added to its success.
Pudgy Penguin's model allows NFT holders to earn 5% royalties on net revenues from sales of the physical products featuring their unique Pudgy Penguin.The most expensive recent sale was Penguin #6873 which went for a whopping 400 ETH, around $1.17 million, according toSales activity for the collection spiked in mid-February reaching a peak of 439 sales per day at an average price of 20 ETH. Sales volumes have dipped a little since then to around 269 sales per day as of May 6.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pudgy Penguins announces one million plush units sold in less than a yearIn an undeniable win for the NFT project, Pudgy Penguins CEO Luca Netz announced several upcoming retail partnerships.
Read more »
CEO Talks: L.L. Bean CEO Talks Importance of Summer, U.S. Market and Tote BagsL.L. Bean's fiscal 2023 sales were $1.7 million, a slight decline compared to $1.8 million for the previous fiscal year.
Read more »
Flos CEO Roberta Silva Steps DownFlos CEO Roberta Silva is replaced by Design Holding CEO Daniel Lalonde in the interim.
Read more »
Boston is about to have a lot more penguinsThere was surprisingly a lot of penguin news coming out of Boston on Thursday, thanks to the New England Aquarium and Franklin Park Zoo.
Read more »
Birch Aquarium has the blues: Five Little Blue Penguins hatch this seasonFour of the chicks are male, while the aquarium still needs to confirm the sex of the youngest one.
Read more »
Biden set to meet with executives from Citi, United Airlines, Marriott and othersThe guests include United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder Roger Altman, Marriott International CEO Anthony Capuano and others.
Read more »