The Doge of NFTs, Pudgy Penguins, Fetches Over $125,000 in Sotheby's Sale 

Dogecoin has been disrupting the cryptocurrency space for a long time. Now the NFT space has its own Dogecoin with the rise of Pudgy Penguins, a collection of adorable penguins in digital format that has grown exponentially in the recent months.

Besides introducing a new dimension to digital art, Pudgy Penguins has built a genuine community that is excited to be a part of this digital collectible. Pudgy Penguins has also launched a GIF strategy that is not only fun and engaging but has earned over 1 billion GIF impressions in just a short time. In November 2022, Pudgy Penguins accomplished another milestone in its journey, grossing more than $128K from an historic auction with Sotheby's.

The sale took place on Sotheby.com, one of the oldest, internationally recognized auction houses in the world. Pudgy Penguins brought a Web3 twist to the traditional auction format by entering the world of digital art with Sotheby's. The auction was a historic one for the Web3 space because of the sheer presence of the Pudgy Penguins community and introduction of the first-ever SBT distributed by a major company. This soulbound token (SBT) distributed by Sotheby's is an ironclad authentication certificate that includes ownership and auction details.

Apart from being a significant push to the Web3 and NFT space, the Sotheby’s sale showcased a wide range of rare items, including the most notorious “Cole’s Penguin”. Every Pudgy Penguins NFT holder has, in reality, a piece of emerging history. This groundbreaking NFT collection was launched as part of the first wave of NFT collectibles. Generating hundreds of millions in trade volume, making it one of the most successful collections in the Web3 space. The brand's IP, known for its positive ethos and cute appearance, has made its way into many hearts.

The Pudgy Penguins community has thrived with the innovations of digital ownership and community empowerment. Being a part of a Sotheby's sale is not just a financial success for the project but also its first-ever collaboration with any major brand. To celebrate this partnership, Pudgy Penguins offered its first-ever soulbound token to accompany an auctioned NFT item. It showed how digital ownership and identity could be profitable to an NFT owner. The auction ended on November 30, creating a landmark in the NFT industry.

The Pudgy Penguin NFT collection offers a unique set of digital collectibles that have become a source of positivity and fun while also being a strong brand in the NFT space. After the project was acquired by Miami based entrepreneur Luca Schnetzler in April of 2022, the Pudgy Penguin collection has quickly captivated the PFP market. These flightless Penguins living in a land of snow are not just joyful and welcoming but also chubby and humorous. These unique traits have dominated meme culture in the Web3 space.

Apart from the ownership of these uniquely crafted adorable birds, the Pudgy Penguin collection offers NFT holders an opportunity to become part of a community that’s spreading positivity in the Web3 space. Pudgy Penguins has overcome several hurdles on its way to ensure consistent growth and add value to its community. Now the Pudgy Penguin collection is even more committed to growth, looking forward to building more opportunities for its community to expand and impact the NFT market and Web3 space.