Non-fungal token (NFT) Project Pudgy Penguins has received rumors that it has acquired the OpenSea market. The refutation followed a wave of online chatter and claimed that a deal was closed around December 2024.
In a Saturday post on Blogplatform X, the head of the security of Pudgy Penguins, Beau, the rumors rejected and claimed that such a thing did not happen.
“Pudgy Penguins did not buy OpenSea … Chill,” wrote Beau on X. Pudgy Penguins is a collection of 8,888 Flightless Bird NFTs launched in July 2021. The project also expanded its offer, whereby users are offered physical products through his Pudgy Toys.
Pudgy Penguins conclude rumors about OpenSea Acquisition
In his position on X, Beau claimed that the project still has big plans, so users must be calm and not concentrate on one possible acquisition. “Talk about working with Lufthansa and Nascar and go look for the next great brand for which we can spread,” Beau added.
In addition to his partnership physical products, Pudgy Penguins also enables NFT holders to earn through commercial use through his over -Passip platform.
Rumors about the acquisition of OpenSea went on X after several users on the platform have pointed out earlier comments from CEO Luca Netz. These messages also include a now viral message from October 2024, where he said he wanted his company to buy OpenSea. Some users have speculated that the purchase may have taken place quietly without both parties making announcements about it.
A user also claimed that it was possible in December 2024, coinciding with announcements from Pudgy Penguins and the later policy shift from OpenSea on token support in the same month.
Beau, however, pushed back on the speculation and said, “I don’t really think that the acquisition of OS RN would be much logical to us.” He added that the team’s preference is to concentrate on confirmed developments instead of speculation.
Cryptopunks lead the leadership while the NFT market returns
Pudgy Penguins has entered into various brand partnerships with various companies, including those with Lufthansa and Nascar. Last month, the project also announced the launch of a skills-based web3 game called Pengu Clash for the Open Network (Ton) Blockchain, which entered the competitive mini-game room. The game is expected to work under a play-to-win model, allowing players to compete and will be rewarded for their game control.
“Play-to-win is essentially a skills-based game,” said Luca Netz, CEO of Pudgy Penguins, about the game at the time. “Users use against each other versus play-to-earn, [in which] You earn tradable currency that offers the game. This is a system-based system-based system. “The game is supported by the infrastructure of Elympics and will contain different modes with different rules and objectives to make skills-based challenges and multiplayer experiences possible.
In the meantime, the NFT market has shown renewed momentum in July, with the total market capitalization that hit $ 6.6 billion. The turnout means a leap of 94% compared to the last month, according to Dapradar data. Weekly trade volumes have also risen 51%, making it the strongest performance of the industry since February.
Leading comeback in the industry is cryptopunks in Ethereum-based collection, the floor price of which rose by 53%. Dapradar -analysts claimed that the profession of the collections helped as a web3 status symbol. On July 22, the collection registered 83 new purchases and an increase of 15.9% in its electricity price in 24 hours, making around $ 180,000 per NFT.
In addition, Cryptobatz NFTS also registered an increase of 400% after the death of Ozzy Osbourne. Osbourne entered the NFT industry in 2021 and launched the collection, with 9,666 unique digital bats in December. In addition to the rise in the floor price, Cryptobatz also registered an increase of 100,000% in trade volume and reached $ 281,200 within 24 hours after his death. Despite the increase, the NFT still did not fall to its highest high.