Pudgy Penguins denies rumors that it bought OpenSea

Non-fungal token (NFT) Challenge Pudgy Penguins has obtained rumors that it has acquired the OpenSea market. The refutation adopted a wave of on-line chatter and claimed {that a} deal was closed round December 2024.

In a Saturday submit on Blogplatform X, the top of the safety of Pudgy Penguins, Beau, the rumors rejected and claimed that such a factor didn’t occur.

“Pudgy Penguins didn’t purchase OpenSea … Chill,” wrote Beau on X. Pudgy Penguins is a group of 8,888 Flightless Fowl NFTs launched in July 2021. The undertaking additionally expanded its provide, whereby customers are supplied bodily merchandise by means of his Pudgy Toys.

Pudgy Penguins conclude rumors about OpenSea Acquisition

In his place on X, Beau claimed that the undertaking nonetheless has large plans, so customers should be calm and never consider one potential acquisition. “Speak about working with Lufthansa and Nascar and go search for the subsequent nice model for which we will unfold,” Beau added.

Along with his partnership bodily merchandise, Pudgy Penguins additionally permits NFT holders to earn by means of industrial use by means of his over -Passip platform.

Rumors concerning the acquisition of OpenSea went on X after a number of customers on the platform have identified earlier feedback from CEO Luca Netz. These messages additionally embody a now viral message from October 2024, the place he mentioned he wished his firm to purchase OpenSea. Some customers have speculated that the acquisition could have taken place quietly with out each events making bulletins about it.

A person additionally claimed that it was potential in December 2024, coinciding with bulletins from Pudgy Penguins and the later coverage shift from OpenSea on token assist in the identical month.

Beau, nevertheless, pushed again on the hypothesis and mentioned, “I do not actually assume that the acquisition of OS RN could be a lot logical to us.” He added that the crew’s choice is to focus on confirmed developments as a substitute of hypothesis.

Cryptopunks lead the management whereas the NFT market returns

Pudgy Penguins has entered into varied model partnerships with varied firms, together with these with Lufthansa and Nascar. Final month, the undertaking additionally introduced the launch of a skills-based web3 recreation known as Pengu Conflict for the Open Community (Ton) Blockchain, which entered the aggressive mini-game room. The sport is predicted to work underneath a play-to-win mannequin, permitting gamers to compete and will likely be rewarded for his or her recreation management.

“Play-to-win is actually a skills-based recreation,” mentioned Luca Netz, CEO of Pudgy Penguins, concerning the recreation on the time. “Customers use in opposition to one another versus play-to-earn, [in which] You earn tradable foreign money that provides the sport. This can be a system-based system-based system. “The sport is supported by the infrastructure of Elympics and can include totally different modes with totally different guidelines and aims to make skills-based challenges and multiplayer experiences potential.

Within the meantime, the NFT market has proven renewed momentum in July, with the full market capitalization that hit $ 6.6 billion. The turnout means a leap of 94% in comparison with the final month, in keeping with Dapradar information. Weekly commerce volumes have additionally risen 51%, making it the strongest efficiency of the business since February.

Main comeback within the business is cryptopunks in Ethereum-based assortment, the ground value of which rose by 53%. Dapradar -analysts claimed that the career of the collections helped as a web3 standing image. On July 22, the gathering registered 83 new purchases and a rise of 15.9% in its electrical energy value in 24 hours, making round $ 180,000 per NFT.

As well as, Cryptobatz NFTS additionally registered a rise of 400% after the loss of life of Ozzy Osbourne. Osbourne entered the NFT business in 2021 and launched the gathering, with 9,666 distinctive digital bats in December. Along with the rise within the flooring value, Cryptobatz additionally registered a rise of 100,000% in commerce quantity and reached $ 281,200 inside 24 hours after his loss of life. Regardless of the rise, the NFT nonetheless didn’t fall to its highest excessive.