{{Short description|Art-based cryptocurrency}} [[File:Pudgy Penguins Logo.jpg|thumb|280x280px|Pudgy Penguins logo]] '''Pudgy Penguins'''<ref>{{Cite web|url=https://www.ft.com/content/69da37d1-11de-430f-8a86-ea51bd2ae82b|title=NFT creators diversify into real-world assets to generate new revenues|last1=Criddle |first1=Cristina |last2=Gabert-Doyon |first2=Joshua |website=www.ft.com|date=27 December 2022 }}</ref><ref>{{Cite web|url=https://www.bbc.com/news/business-67295786|title=Whatever happened to NFTs?|last=Tidy |first=Joe|date=November 10, 2023 |website=[[BBC]]}}</ref> is a blockchain-based collection of [[digital artwork]] composed of [[non-fungible tokens]] (NFTs).<ref>{{Cite news|url=https://www.nytimes.com/2021/08/12/technology/penguin-nft-club.html|title=I Joined a Penguin NFT Club Because Apparently That's What We Do Now|first=Kevin|last=Roose|date=August 12, 2021|newspaper=[[The New York Times]]}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/news/articles/2023-10-16/nft-makers-mutiny-against-blur-opensea-over-sinking-royalties/|title=NFT Makers Are Boycotting Low-Fee Exchanges Over Tumbling Royalties|first=Siddhartha|last=Shukla|date=October 16, 2023|website=www.bloomberg.com}}</ref> It is a collection of 8,888 unique NFTs launched on the [[Ethereum]] [[blockchain]] in August 2021.<ref>{{Cite web|url=https://www.theverge.com/23151540/pudgy-penguins-artist-antoine-mingo-nft-cole-thereum|title=The freelance artist behind a million-dollar NFT collection|first=Ryan S.|last=Gladwin|date=June 9, 2022|website=The Verge}}</ref>
The project was established in July 2021, the organization was formed by a cohort of university students.<ref>{{Cite web|url=https://techcrunch.com/2023/05/18/pudgy-penguins-nft-toys-ip/|title=Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world|first=Jacquelyn|last=Melinek|date=May 18, 2023}}</ref> In April 2022, Pudgy Penguins underwent acquisition by [[Luca Schnetzler]] for a sum of 750 ETH, equivalent to $2.5 million.<ref>{{Cite web|url=https://fortune.com/2023/11/19/luca-netz-pudgy-penguins-walmart-net-worth/|title=From homeless to making his first million: How the 25-year-old CEO of an NFT collection launched a toy line at Walmart|website=Fortune}}</ref><ref>{{Cite web|url=https://techcrunch.com/2023/09/29/pudgy-penguins-nfts-revenue-problems/|title=Pudgy Penguins' approach may be the answer to fixing NFTs' revenue problems|first=Jacquelyn Melinek and Alex|last=Wilhelm|date=September 29, 2023}}</ref>
Pudgy Penguins and its associated intellectual property are owned and managed by LSLTTT Holdings, Inc..<ref>{{Cite web | url=https://www.bloomberg.com/profile/company/2259508D:US | title=Pudgy Penguins Inc. | website=www.bloomberg.com}}</ref>
==References== {{Reflist}}
[[Category:Non-fungible tokens]] [[Category:Digital artworks]] [[Category:Penguins in popular culture]]
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