Pudgy Penguins has denied hypothesis that it acquired NFT market OpenSea, following a wave of social media chatter suggesting a deal might have closed as early as December 2024.
In a Saturday post on X, Beau, head of safety at Pudgy Penguins, dismissed the acquisition discuss. “Pudgy Penguins didn’t purchase OpenSea… chill,” he wrote.
He claimed that the undertaking has huge plans, so there’s no have to give attention to only one doable acquisition. “Speak about partnering with Lufthansa and NASCAR, and go discover the following nice model for us to proliferate with,” Beau wrote.
Pudgy Penguins is a group of 8,888 flightless hen NFTs launched in July 2021. The undertaking has additionally expanded into bodily merchandise with a Pudgy Toys line in partnership with PMI Toys, permitting NFT holders to earn from business use by its OverpassIP platform.
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Rumors of Pudgy Penguins’ curiosity in OpenSea
The rumors of OpenSea’s acquisition gained traction after a number of X customers pointed to previous feedback by CEO Luca Netz, together with a now-resurfaced October 2024 submit the place he mentioned he needed his firm to purchase OpenSea.
Different group members speculated that a purchase order might have occurred quietly, citing coincidental timing with Pudgy’s December bulletins and OpenSea’s later coverage shifts round token assist.
Nonetheless, Beau pushed again on the narrative. “I don’t truly suppose buying OS rn would make quite a lot of sense for us,” he wrote in an earlier reply, emphasizing the staff’s choice to give attention to confirmed developments slightly than hypothesis.
Pudgy Penguins has just lately leaned into model partnerships, together with tie-ups with Lufthansa and NASCAR. Final month, the undertaking additionally launched a skill-based Web3 game called Pengu Clash for The Open Community (TON) blockchain, becoming a member of the aggressive mini-game area.
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NFT market rebounds as CryptoPunks lead $6.6B surge
The NFT market is showing renewed momentum, with complete market capitalization hitting $6.6 billion in July, a 94% bounce from the earlier month, in accordance with DappRadar. Weekly buying and selling volumes additionally climbed 51%, marking the strongest efficiency since February.
Main the comeback is the Ethereum-based assortment CryptoPunks, whose ground costs jumped 53%. DappRadar analysts famous the gathering’s enduring attraction as a Web3 standing image. On July 22, CryptoPunks noticed 83 new purchases and a 15.9% ground worth rise inside 24 hours, reaching almost $180,000 per Punk.
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