- Pudgy Penguins collaborates with Line Friends to expand his Merkendus in Asia and integrate Minini characters into their NFT ecosystem.
- Pudgy Penguins launches his Layer-2 network, abstract, but struggles to get a grip despite offering stimuli to attract new users.
NFT Project Pudgy Penguins known for its cute penguin characters, recently revealed a collaboration with Line Friends, one of the largest IPs in South Korea and Asia. This collaboration integrates the Minini character of line friends in the Pudgy Penguins ecosystem, so creating a great opportunity to reach an Asian community in general.
Pudgy Penguins makes large movements such as a global brand, especially after they have now brought their toys in 2,000 Walmart stores in the US, collaborate with line friends, they dive in Asia, where fans cannot get enough of cute and collectable characters.
Pudgy penguins x @_lineefriends
We are pleased to work with Line Friends’ Minini, one of the largest IPs in South Korea and Asia.
More information about this collaboration that will be coming soon. pic.twitter.com/Q81cq5pzsz
– Pudgy Penguins (@pudgypenguins) February 1, 2025
Abstract launch: a Layer-2 network that is still looking for Momentum
In January 2025, Pudgy Penguins made a big move by launching their Layer-2 network, ‘abstract’. They look beyond NFTs and strive to leave their mark on blockchain.
However, abstract has not attracted much attention from the community, not even with the different incentives for new users. Large companies such as arbitrum and optimism already control the market, which is why the Layer-2 industry is quite competitive. Pudgy Penguins so find it considerably more difficult to guarantee that their network has a big traction.
Imagine that this partnership attracted the attention of the Asian Web3 community. It could help pudgy penguins to increase the adoption of NFT and to strengthen their Layer-2 network, possibly a game changer for them.
Pudgy Penguins NFT: Position in the Ethereum market
Pudgy Penguins NFT performed well during this growth phase. According to Coingecko, the floor price jumped 7.5% in the last 24 hours to 11.92 Eth (about $ 39,142). Pudgy Penguins is fourth in the list of largest NFT collections on the Ethereum network with a market capitalization of more than $ 347.89 million.
With a market capitalization of around $ 416.79 million, the Bored Ape Yacht Club (Bayc) NFT collection is still third compared to comparison. Pudgy Penguins Must compete so closely with more established NFT initiatives, even if they have had a considerable increase.