Come exchange chubby penguins! Pudgy Penguins collaborates with Flip.xyz to launch OTC trading functionality
The popular NFT project Pudgy Penguins announced the launch of a new over-the-counter trading mechanism, allowing collectors to directly trade Pudgy Penguins with each other.
Introducing @PudgySwap, a simple solution for OTC trading.
OTC trades drive the collectors’ market and with PudgySwap, we are proud to offer our community a seamless way to find their Forever Pudgy. pic.twitter.com/aVidfntk82
— Pudgy Penguins (@pudgypenguins) July 16, 2023
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Collaboration with Flip.xyz to Launch Exchange Feature
Through a partnership with Flip.xyz, Pudgy Penguins allows players to directly trade their chubby penguins with other collectors, enabling peer-to-peer (P2P) over-the-counter trading.
Flip.xyz is an NFT technology company that also offers an NFT over-the-counter trading platform. It provides a customized royalty API for creators to track payment status and enables exclusive release functionalities.
On their platform, players can connect their wallets and input the wallet address they want to trade with on the right side or enter a link to a public trade to exchange their chubby penguin NFTs directly with the other party.
The Revival of Pudgy Penguins
Pudgy Penguins is an early OG project launched in June 2021, featuring cute chubby penguins. The secondary market floor price has long been maintained at 1-2 ETH. However, founder Cole Villemain was involved in a bribery scandal, causing the floor price to drop below 1 ETH. In April last year, renowned Los Angeles DTC e-commerce entrepreneur Luca Netz acquired Pudgy Penguins for 750 ETH. Since then, Pudgy Penguins has embarked on a series of revival actions.
For more details on the history of Pudgy Penguins, please see: How did the OG project Pudgy Penguins return to glory? Prices rose by 200%, and an industry giant board was established.
Pudgy Penguins also has its own NFT trading market, a branded physical merchandise market, and plush toys. In May, Pudgy Penguins listed 20,000 cute physical toys on Amazon, achieving a turnover of $500,000 within 48 hours, aiming to introduce young players to the Web 3 world through physical toys.
Cultivating customers from a young age: Pudgy Penguins' physical toys listed on Amazon, selling 20,000 in 48 hours! Cultivating a Web 3 customer base from a young age.
According to Flip.xyz's ranking, Pudgy Penguins ranks ninth in their collectibles series, with a current floor price of 3.71 ETH.
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