- Pudgy Penguins companions with LINE FRIENDS to increase its model presence in Asia, integrating Minini characters into their NFT ecosystem.
- Pudgy Penguins launches its Layer-2 community, Summary, however struggles to realize traction regardless of providing incentives to draw new customers.
Recognized for its cute penguin characters, NFT venture Pudgy Penguins lately revealed a partnership with LINE FRIENDS, one of many largest IPs in South Korea and Asia. This cooperation integrates the Minini character from LINE FRIENDS into the Pudgy Penguins ecosystem, so creating an incredible likelihood to succeed in an Asian neighborhood at massive.
Pudgy Penguins is making large strikes as a worldwide model, particularly after getting their toys into 2,000 Walmart shops within the U.S. Now, teaming up with LINE FRIENDS, they’re diving into Asia, the place followers can’t get sufficient of cute and collectible characters.
Pudgy Penguins X @_LINEFRIENDS
We’re excited to companion with Line Mates’ Minini, one of many largest IPs in South Korea & Asia.
Extra details about this collaboration to come back quickly. pic.twitter.com/q81Cq5PZsZ
— Pudgy Penguins (@pudgypenguins) February 1, 2025
Summary Launch: A Layer-2 Community Nonetheless In search of Momentum
In January 2025, Pudgy Penguins made one other large transfer by launching their layer-2 community, ‘Summary.’ They’re wanting past NFTs, aiming to go away their mark on blockchain.
Summary has not drawn a lot consideration from the neighborhood, although, even with its a number of incentives for brand spanking new customers. Large firms like Arbitrum and Optimism already management the market, therefore the layer-2 trade is kind of aggressive. Pudgy Penguins so discover it significantly harder to ensure that their community has nice traction.
Think about if this partnership caught the eye of the Asian Web3 neighborhood. It may assist Pudgy Penguins increase NFT adoption and strengthen their layer-2 community—probably a game-changer for them.
Pudgy Penguins NFT: Place within the Ethereum Market
Pudgy Penguins NFT has carried out nicely throughout this progress part. Based on CoinGecko, its flooring value jumped 7.5% previously 24 hours to 11.92 ETH (about $39,142). Pudgy Penguins is fourth within the record of greatest NFT collections on the Ethereum community with a market cap of over $347.89 million.
With a market capitalization of round $416.79 million, the Bored Ape Yacht Membership (BAYC) NFT assortment remains to be third as compared. Pudgy Penguins should so compete intently with extra established NFT initiatives even when they’ve had some respectable improve.
