Journalist
Posted:
- Pudgy Penguins witnessed a surge of interest when they were deployed on zkSync.
- Interest in Yuga Labs NFTs also increased, but the price of APE fell.
The NFT market fell on hard times at the beginning of this year. However, as the crypto sector recovered, so did interest in NFTs.
Feeling pudgy
Pudgy Penguins recently revealed plans to unveil Pudgy World Alpha in early 2024, using zkSync technology. Over the past 24 hours, Pudgy Penguins NFTs have seen a remarkable rise, escalating by over 9% to reach 11.7 ETH, marking consecutive all-time highs.
The upcoming launch introduces new characters, Pudgy and Peaches, with a special limited edition Pudgy & Peaches collectible currently up for auction. This development marks an exciting phase for the Pudgy Penguins community and the broader NFT market.
Pudgy World Alpha, powered by @zksyncwith publication in the first quarter of 2024.
The dawn of a new era of blockchain-powered experiences, aiming to onboard millions, brought to you by Pudgy Penguins. pic.twitter.com/ZvCRRGSUSH
— Chubby penguins (@pudgypenguins) December 10, 2023
The introduction of Pudgy World Alpha, powered by zkSync in early 2024, will have a positive impact on the NFT market.
Using zkSync technology improves scalability and efficiency and addresses common challenges such as high gas fees and slow transaction processing on the Ethereum network.
This improvement will likely attract more participants to the NFT space, promoting greater engagement and trading activity. With Pudgy Penguins NFTs experiencing a surge in value, the broader NFT market may witness increased interest and investment.
Furthermore, zkSync, which is at the core of chubby penguin development, will gain recognition and adoption, solidifying its position as a promising scaling solution for NFT platforms and potentially influencing its widespread adoption in the blockchain ecosystem.
This could help the L2 network gain more traction in its sector.
More NFT interest
Yuga Labs NFTs also saw a surge in interest. Recent data shows that BAYC, a popular yuga Labs collection, is seeing an average price increase of 6.41%.
Source: NFTGO
However, ApeCoin[APE]the token associated with Yuga Labs fell 2.34% in the last 24 hours and traded at $1.7838.
Read ApeCoins [APE] Price forecast 2023-24
In addition, APE’s network growth also declined. This meant that the number of new addresses with APE had decreased.
The speed around APE also decreased. This suggested that the number of addresses trading APE has decreased.