To enhance its growing ecosystem, the Pudgy Penguins NFT brand has unveiled plans to launch a native token on Solana
By the end of the year, Pudgy Penguin plans to launch a new token named PENGU on the Solana blockchain. The announcement was made through their official social media handle on X (formerly Twitter). With a total supply of over 88 Billion, this token will be allocated to holders of Pudgy Penguin’s Non-Fungible Token (NFT).
With the introduction of PENGU, Pudgy Penguin aims to spice things up for its growing community of users and ultimately add more value.
What is Pudgy Penguins? A Web3 Brand with Purpose
Like Moonbirds, Pudgy Penguin is a Web3 brand and one of the early pioneers of crypto culture. It continues to drive the mass adoption of crypto assets like content, merchandise, toys, and digital collectibles.
Drawing on its goal of bringing about mass adoption, the project partnered with Mythical Games to launch “Pudgy Party.” This simple mobile game is poised to redefine how users interact with their favorite Penguins. This launch is set for 2025.
As shared in a statement, the project said;
“We believe in the power of play and imagination, and we’re committed to helping you unlock your inner child.”
The 8,888 Pudgy Penguin collectibles with proof of ownership stored on the Ethereum blockchain lend credence to this fact.
In addition to being a project that is web3 inspired, Pudgy Penguin has a marketplace for Pudgy Penguin’s merchandise.
With this move, not only is Pudgy Penguin offering attractions to crypto users, it is also catching the attention of “non-crypto” folks with merch such as Huddle.
This further aligns with the project’s mantra: “It’s a very cold place, but you will be warm with your new favorite Penguin family.”
Key Notes On the PENGU Token
In a statement shared through Pudgy Penguin’s official X handle, it emphasized how PENGU will resonate with the millions of fans worldwide:
“With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character.”
The above precisely captures the relevance of PENGU and further clarifies what Pudgy Penguin is here to do. Additionally, it explains how even those outside of crypto can identify with the Pudgy Penguin character.
Finally, Pudgy Penguins gave a clear warning to its community. With the launch of PENGU, it warns that there will certainly be websites or contract addresses trying to parade themselves as Pudgy Penguin.
The imposters do this in the hopes of scamming susceptible Pudgy Penguin enthusiasts. With blue chip NFTs like Bored Apes also a target for scammers, the NFT innovator has warned its community to avoid interacting with these imposters.
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