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5 Comments
Go $PENG!!!
tldr; Pudgy Penguins, a brand of NFTs, has thrived during the crypto downturn by selling physical plushy versions in over 3,000 Walmarts and other retailers, alongside their digital counterparts. The plushies, retailing for $8 to $30, have helped the brand’s NFTs double in value, with the cheapest virtual penguin selling for $45,000. The success came after the brand was acquired by entrepreneur Luca Netz, who expanded its presence and merchandise, leading to over $800 million in NFT sales since 2022 and a significant rise in NFT prices following the Walmart launch.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wen RCA plushies in Wally World?
Turns out real products have more usability than crypto that is still looking to solve a problem?
Didn’t these guys have a float in a parade? Marketing outside of just NFTs is the perfect progression. Especially when your character looks like something you can gift to a kid