Important collection restaurants
Pudgy Penguins has denied rumors about the acquisition of OpenSea, so that the recent speculation was clarified that is connected to comments from the past. In the meantime, the NFT market shows strong signs of revival, led by rising volumes and iconic collections such as cryptopunks and cryptobatz.
Speculation was widespread during the weekend after the rumors broke out that Pudgy Penguins had quietly NFT Marketplace OpenSea scooped in an acquisition agreement behind the scenes.
However, this was not. Clarifying these rumors, the security leader of the project, Beau, has quickly rejected the Buzz and stated that such an acquisition did not take place. He took to x and noted”
“Pudgy Penguins did not buy OpenSea … Chill.”
How did the rumors start?
Pudgy Penguins, a popular NFT project that is known for its collection of 8,888 cartoon-like Penguin Avatars, has grown much further since the 2021 debut. In fact, the brand has also ventured into physical merchandise with its Pudgy Toys line through a partnership with PMI toys. It aims to bridge the gap between NFTs and the regular stores.
The last rumors about acquiring OpenSea seem to be fed by a few messages from CEO Luca Netz, who recently appeared. These include one of October 2024, in which he showed an interest in acquiring the NFT marketplace.
A flurry of announcements from Pudgy Penguins in December and the subsequent changes in the OpenSea token policy led to some members of the community to make speculative connections.
And although Pudgy Penguins is only one of the millions of the NFT projects on OpenSea, it did not stop that speculators came to a number of wild dots.
To his honor, however, Beau quickly finished the rumors and clearly stated that no acquisition has occurred. He added,
“I don’t really think that the acquisition of OS RN would be very logical for us.”
NFT -Market dynamics
With regard to the wider NFT market, it shows some strong signs of recovery.
In July alone, the total market capitalization saw rise to $ 6.6 billion, an increase of 94% compared to the previous month. Weekly trade volumes also climbed with 51%, according to Dapradar.
NFTs based on Ethereum, with weekly volumes in all chains excess $ 140 million for the first time since January.
In particular, the floor prices of cryptop runs rose by 53%, which reduced their place as symbols of digital status. Similarly, Cryptobatz saw an explosive 100,000% volume of volume after the death of Ozzy Osbourne.
Although the collection has not reached its previous highlights, the peak is a sign of renewed interest in iconic NFT assets.