NiftyNoon: Pudgy Penguins Dominate the NFT Market… and Toy Stores!

Other NFTs walked so Pudgy Penguins could fly (October 6, 2023)

Nifty Thought

• The ascent of Pudgy Penguins has continued as the team has marched ahead with their toy and branding plans. The team has announced international expansions of their toy distribution in notable countries such as the United Kingdom and Thailand. This comes on the heels of the team’s branding efforts continuing to succeed with normal consumers on platforms such as Instagram and Giphy. While Pudgy Penguin NFTs have not been immune to general market conditions, they have generally trended up over the past year and defied all market expectations. To put things into perspective: in April 2022, Moonbirds were priced at around 30 ETH and Pudgy Penguins were priced at around ETH. Today Pudgy Penguins sell for just over 5 ETH whereas Moonbirds sell for just over 1 ETH. This means, priced in Moonbirds, Pudgy Penguins have grown 150 times over this observation period.

• The success of Pudgy Penguins seems poised to continue as the market rallies around Luca, a likable founder that is executing upon a coherent vision. Conversely, most competing projects seem to be floundering with terrible communications, poor execution, and disorganized branding. It is very possible that Pudgy Penguins exit this bear market as one of the only true profile picture “survivors”.

Highlighted News

• Pudgy Toys are now available in all Smyths Toy Stores across the United Kingdom:

  

  https://twitter.com/pudgypenguins/status/1710022381563945391?s=46

Project and Community News

• Cryptopunks partnered with @avant_arte to translate CryptoPunks from on-chain to 1:1 fine art prints:

  https://twitter.com/cryptopunksnfts/status/1709931789614191003?s=46

• Bored Ape Creator Yuga Labs Invests in Spatial Computing Startup to Power 'Otherside':

  https://twitter.com/yugalabs/status/1710036362475262384?s=46

• Bored Ape Yacht Club shares HV Season 6 is coming:

  https://twitter.com/boredapeyc/status/1710079506365706677?s=46

• @Moncler x @adidasoriginals "The Explorer" NFT:

  https://twitter.com/altsbyadidas/status/1709872218207900012?s=46

• Matt Kane shares thoughts following recent developments:

  https://twitter.com/mattkaneartist/status/1709960553622577523?s=46

• @PRguitarman comments on OpenSea which by closing Lazy Minting the way it did essentially screwed over thousands of artists:

  https://twitter.com/prguitarman/status/1709980908730634450?s=46

• Otherside shares camp has been updated to include leaderboard access:

  https://twitter.com/othersidemeta/status/1709719004711940434?s=46

• Pudgy’s sustaining business is probably what holders need:

  https://twitter.com/natchittamai/status/1709994336354759145?s=46

• Create for free on Zora. No crypto required:

  https://twitter.com/ourzora/status/1709599808334499988?s=46

• Introducing Cool Cats Chats:

  https://twitter.com/coolcats/status/1709689856140476564?s=46

• The first NFT Crypto Art Exhibition at @saatchi_gallery:

  https://twitter.com/bygrida/status/1708821367108390944?s=46

• Ready to try OpenSea Studio? :

  https://twitter.com/opensea/status/1709974829728714776?s=46

• Collections on Prohibition can be minted using credit card or any cryptocurrency:

  https://twitter.com/prohibitionart/status/1709946630739570733?s=46

• The @Nike / @RTFKT forging process is brilliant:

  https://twitter.com/nftbark/status/1709947137935421891?s=46

• Doodles invite holders to first solo show opening at Ross+Kramer Gallery Oct 12 NYC:

  https://twitter.com/doodles/status/1709943148510929032?s=46

• beeple’s sarcastic “NFTS ARE DEAD”:

  https://twitter.com/beeple/status/1710010154991653314?s=46

• Jaynti Kanani (JD) decided to step back from the day-to-day Polygon grind:

• The most recent @Solana Validator Health Report is now published:

  https://twitter.com/solanafndn/status/1709557782872301824?s=46

• We auto sniped @machibigbrother:

  https://twitter.com/herrocrypto/status/1709792187461120301?s=46

• Top 250 key index on FriendTech has had three consecutive down-days and is now down 20% from its peak:

  https://twitter.com/punk9059/status/1709964201043661072?s=46

Quick Stats:

• Blur ETH Daily Volume: 1,891 ETH (▼ 18.39%)

• OpenSea ETH Daily Volume: 1,163 ETH (▼ 11.83%)

• BTC: $27,625.15 (▲ 0.13%)

• ETH: $1,630.68 (▼ 0.21%)

• Solana: $23.37 (▲ 1.82%)

• Polygon: $0.55 (▼ 1.40%)

NFT Daily Winners:

• 🏴‍☠️ Captainz: 3.44 ETH (▲ 2.69%)

• 🧟 Mutant Ape Yacht Club: 5.08 ETH (▲ 1.90%)

• 🐈‍⬛ VeeFriends: 1.75 ETH (► 0.00%)

• 🏳️‍🌈 Chromie Squiggles: 9.55 ETH (► 0.00%)

NFT Daily Losers:

• 🦧 Bored Ape Yacht Club: 26.35 ETH (▼ 0.15%)

• 🌈 Doodles: 1.25 ETH (▼ 0.45%)

• 🦉 Moonbirds: 1.27 ETH (▼ 1.32%)

• 🚬 CryptoPunks: 43.00 ETH (▼ 1.38%)

• ⛩️ Azuki: 4.19 ETH (▼ 2.06%)

• 🧬 Clone X: 1.28 ETH (▼ 3.83%)

• 🐧 Pudgy Penguins: 5.45 ETH (▼ 4.39%)

• 👩🏻 Milady Maker: 1.93 ETH (▼ 4.98%)

• ⛰️ Otherdeeds: 0.61 ETH (▼ 5.86%)

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