Pudgy Penguins: Walmart Partnership Boosts NFT Collection's Weekly Trading Volume - COINTURK NEWS
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Pudgy Penguins: Walmart Partnership Boosts NFT Collection’s Weekly Trading Volume

6:43 pm (60 days ago)
October 3, 2023

Pudgy Penguins, the Blue Chip NFT project, delighted many Web3 users, especially NFT owners, with its announcement last week. The partnership agreement with Walmart, the world’s largest retail chain, continues to increase the weekly trading volume of the NFT collection. In addition to selling their toys in stores, Pudgy Penguins offers various opportunities by providing a digital gaming platform and exclusive rewards.

241% Increase in One Week

According to data from DefiLlama, the Pudgy Penguins collection had a trading volume of $3.32 million between September 24th and October 1st. After the announcement, there was a 241% increase in the weekly trading volume of the collection. This surge in trading volume made Pudgy Penguins stand out, marking the highest volume since July.

One of the main reasons for such an increase in trading volume is the copyright that NFT owners will receive from the toys that will be sold in Walmart stores. This idea, specially designed for NFT owners, has led to an increase in the base price of the collection and an increase in trading volume.

Pudgy Penguins’ Toy Adventure

With the collaboration announced by the Pudgy Penguins team on September 26th, it was announced that physical products would be sold in Walmart stores. The collection, consisting of 26 different toys, will allow owners to access a platform called Pudgy World, where toy owners can also participate. Users can enter the platform by scanning the QR code on the toys.

Users can create their own “Forever Pudgy” avatars according to their preferences and access the digital gaming platform. The price of the toys ranges from $2.99 to $12.

Furthermore, the announcement made by the Pudgy Penguins team mentioned that some toys would contain golden tickets. Users who have these golden tickets will have a great privilege in Pudgy World and will be rewarded by the team.

Pudgy Penguins is a collection consisting of 8,888 NFTs, and according to OpenSea’s data, the total trading volume since the project’s launch has exceeded 190,563 Ethereum. This indicates a trading volume of $321.9 million. With the announcement, the base price of the NFT collection, which has risen by up to 25%, was 4.9 Ethereum at the time of writing.

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