- Pudgy Penguins officially remove rumors of a possible NFT market purchase.
- Firms are now focusing on the growth of big brands and companies.
Pudgy Penguins executives strongly rejected the rumors of acquiring the OpenSEA of the NFT market, and refusing to reject a possible purchase in the face of increasing the social media speculation. On the contrary, the company focuses on strategic brand relations and the growth of the commercial ecosystem through different collaborations.
Strategic focus, transition to brand partnerships on market purchases
BeauA security chief of Pudgy Penguins came to talk directly with the rumors of purchasing at the social media platform X. and underlined that the company is currently not interested in buying OpenSEA. The manager shifted focusing with large brands such as Lufthansa and Nascar racing organization to settled alliances. Such partnerships show how the project is more determined than just trade NFTs, but the mainstream business world.
The speculation on purchasing was based on CEO Luca Netz’s re -revived statements in October. These statements were taken as possible purchasing indicators by the community members, given the latest announcements of companies. However, the leadership of Pudgy Penguins explained that they are not interested in developing partnerships, not to acquire markets.
In July 2021 8.888-Piece NFT collection had already managed to expand to physical products. The Pudgy Toys Series, which is created in collaboration with PMI toys, allows NFT owners to earn intellectual property. The overpass platform allows commercial licensing that provides more income for members and organization.
Recent events include the release of a skill -based web3 game called Pengu Clash in Open Network Blockchain. This growth shows that the project is interested in integration of interactive entertainment and games into the ecosystem.
Meanwhile, the general NFT market gains a strong recovery in various collections and platforms, as the total market value exceeds $ 6.6 billion in July. Moreover, this is a remarkable growth of 94% per month compared to Depappradar analytics. Weekly trading volumes also increased by 51%, the best performance since the previous summit activity in February.
Cryptopunks is the best market revival with a 53% floor price growth during the healing phase. Ethereum -based product range continues to be a high -level web3 digital asset. On July 22, Cryptopunks received 83 new purchases at a ground prices of about $ 180,000 per NFT.
This recovery of the market shows that investors trust digital collections and blockchain -based assets after months of weak activities.
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