Pudgy Penguins is one of the most revered and popular NFT collections in the industry’s history, maintaining a strong, dedicated community despite the sector’s drop-off following the 2022 crypto winter. The character artwork, typically depicting a rotund penguin with an emphasis on looking cute, captured the attention of more than just the blockchain world. The IP quickly broke into the mainstream, with several physical products (like stuffed animals) available for purchase on platforms like Amazon and eBay.
PENGU, the project’s native token, was released in 2024 to accompany the Pudgy Penguins NFT collection and evolving ecosystem. PENGU tokens, built on Solana, serve a range of purposes, including engagement in the fast-growing Pudgy Penguins brand, participation in the upcoming Web3 game Pudgy World, and voting on governance matters.