# Pudgy Penguins

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Art-based cryptocurrency

Pudgy Penguins logo

**Pudgy Penguins**[1][2] is a blockchain-based collection of [digital artwork](/source/Digital_artwork) composed of [non-fungible tokens](/source/Non-fungible_tokens) (NFTs).[3][4] It is a collection of 8,888 unique NFTs launched on the [Ethereum](/source/Ethereum) [blockchain](/source/Blockchain) in August 2021.[5]

The project was established in July 2021, the organization was formed by a cohort of university students.[6] In April 2022, Pudgy Penguins underwent acquisition by [Luca Schnetzler](https://en.wikipedia.org/w/index.php?title=Luca_Schnetzler&action=edit&redlink=1) for a sum of 750 ETH, equivalent to $2.5 million.[7][8]

Pudgy Penguins and its associated intellectual property are owned and managed by LSLTTT Holdings, Inc..[9]

## References

1. **[^](#cite_ref-1)** Criddle, Cristina; Gabert-Doyon, Joshua (27 December 2022). ["NFT creators diversify into real-world assets to generate new revenues"](https://www.ft.com/content/69da37d1-11de-430f-8a86-ea51bd2ae82b). *www.ft.com*.

1. **[^](#cite_ref-2)** Tidy, Joe (November 10, 2023). ["Whatever happened to NFTs?"](https://www.bbc.com/news/business-67295786). *[BBC](/source/BBC)*.

1. **[^](#cite_ref-3)** Roose, Kevin (August 12, 2021). ["I Joined a Penguin NFT Club Because Apparently That's What We Do Now"](https://www.nytimes.com/2021/08/12/technology/penguin-nft-club.html). *[The New York Times](/source/The_New_York_Times)*.

1. **[^](#cite_ref-4)** Shukla, Siddhartha (October 16, 2023). ["NFT Makers Are Boycotting Low-Fee Exchanges Over Tumbling Royalties"](https://www.bloomberg.com/news/articles/2023-10-16/nft-makers-mutiny-against-blur-opensea-over-sinking-royalties/). *www.bloomberg.com*.

1. **[^](#cite_ref-5)** Gladwin, Ryan S. (June 9, 2022). ["The freelance artist behind a million-dollar NFT collection"](https://www.theverge.com/23151540/pudgy-penguins-artist-antoine-mingo-nft-cole-thereum). *The Verge*.

1. **[^](#cite_ref-6)** Melinek, Jacquelyn (May 18, 2023). ["Pudgy Penguins wants to use its NFT-inspired toys to bring IP to the real world"](https://techcrunch.com/2023/05/18/pudgy-penguins-nft-toys-ip/).

1. **[^](#cite_ref-7)** ["From homeless to making his first million: How the 25-year-old CEO of an NFT collection launched a toy line at Walmart"](https://fortune.com/2023/11/19/luca-netz-pudgy-penguins-walmart-net-worth/). *Fortune*.

1. **[^](#cite_ref-8)** Wilhelm, Jacquelyn Melinek and Alex (September 29, 2023). ["Pudgy Penguins' approach may be the answer to fixing NFTs' revenue problems"](https://techcrunch.com/2023/09/29/pudgy-penguins-nfts-revenue-problems/).

1. **[^](#cite_ref-9)** ["Pudgy Penguins Inc"](https://www.bloomberg.com/profile/company/2259508D:US). *www.bloomberg.com*.

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Adapted from the Wikipedia article [Pudgy Penguins](https://en.wikipedia.org/wiki/Pudgy_Penguins) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Pudgy_Penguins?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.