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How to Buy Pudgy Penguins NFTs
How to Buy Pudgy Penguins
Opensea and its competitors offer generic marketplaces where anyone can list their NFT collections – a feature that remains controversial, as this is often used by bad actors to mint counterfeit collections targeting unaware buyers and new entrants.
Conversely, the official Pudgy Penguin marketplace has been built from the ground up by Origin in collaboration with the Pudgy team to prioritize the needs and aesthetics of the community itself. The marketplace aggregates all listings across other marketplaces, and includes official rarity rankings developed by the team.
Additionally, the official marketplace includes a comprehensive dashboard of analytics to inform your decisions, including holder count, holder distribution, and more.
All the info you need, directly accessible on the Huddle’s native site
What are Pudgy Penguins NFTs?
Pudgy Penguins are a collection of 8,888 NFTs on the Ethereum blockchain that have cemented their place as an industry mainstay. The collection pioneered the cuteness meta in NFTs, in many ways cultivating the inclusive culture that underpins many collections today.
Pudgy Penguins has released several collections since its initial launch, all of which are available on the official Pudgy Penguins marketplace. Lil Pudgys and Rogs are secondary collections from the Pudgy Penguins team, both with their own traits and use cases.
The Huddle, as the community is known, has garnered a well-earned reputation as meme gods with an unrelentingly positive ethos. You’ll never find a Pudgy deterred by delays – they simply recognize that if not now, then soon.
Marketplaces to Buy Pudgy Penguins NFTs
As one of the most prominent and adored NFT collections, Pudgy Penguins are often among the first to be listed on new marketplaces. Apart from the collection’s native marketplace powered by Origin protocol, pudgies can be found on OpenSea, LooksRare, and Sudoswap, as well as smaller marketplaces. To date, the collection has generated a mammoth trading volume of 62.7k ETH on OpenSea alone.
Brief History of Pudgy Penguins
The tale of the Pengs is quintessentially crypto – a rise, fall, and redemption arc of Shakespearen design.
Launched in July 2021 as the NFT snowball was beginning to gain momentum, the initial collection minted out in under 20 minutes at a price of only 0.03 ETH. By mid-August, the average sale price had exploded to north of 3.5 ETH – roughly $11k at the time.
The initial Pudgy Penguins founding team
The first perk offered by the project was a mysterious airdrop of unhatched eggs to holders, a move that would later backfire. Despite the project’s resounding success and popularity even in mainstream media, internal innovation quietly stagnated over the following months.
This culminated in the Christmas unhatching, where, perplexingly, the long-anticipated eggs simply contained fishing rods, having even been misspelled “rogs”. (Naturally, pudgies have now solidified rogs as another meme ubiquitous in the space).
What followed was a shake up of seismic proportions, as a disgruntled community moderator and notable investor @9x9x9 revealed that the project’s founders had emptied the treasury and were looking to sell the entire project.
After a heated bidding war from all corners of Crypto Twitter, LA-based entrepreneur Luca Netz took the reins following a 750 ETH (~$2.5m) deal in April 2022.
The community-driven takeover has breathed fresh life into the huddle’s conviction, ushering in a new era for the collection packed with fresh perks and innovation. Very few, if any, projects of such magnitude can claim such a steadfast, driven, and loyal community with such substantial backing from the space’s leading roleplayers.
“This is how we network now” - Alex Svanevik, Nansen CEO
Perks of Holding Pudgy Penguins NFTs
Pudgy Penguins give holders access to the huddle, allowing you to participate in voting on future project decisions and benefit from future releases. Recently, the project partnered with PMI Toys – the brand behind collectibles for the likes of Harry Potter, Teenage Mutant Ninja Turtles, and more.
This partnership offers collectibles licensed from holders of Lil Pudgys, a sister collection of 16,000 lil pengus launched late last year and airdropped in part to all Pudgy Penguin holders.
Further, Pudgy Penguins offer exclusive access to NFT meetups and events across the globe, including the now iconic annual NFTNYC extravaganza.
Pudgy Penguins at NFT NYC
How to Buy Pudgy Penguins NFTs
Now that we’ve covered the collection’s lore and the array of benefits offered to holders, let’s dive into how you can gain access to one of the strongest communities around.
Step 1: Access a Crypto Exchange
As Pudgy Penguins are an Ethereum-based collection, you’ll first need to acquire ETH on your choice of Crypto Exchange.
You can view the space’s most trusted exchanges by visiting CoinMarketCap’s exchange rankings.
Simply sign up and deposit your funds in order to purchase ETH.
Step 2: Download Metamask or an Ethereum Software Wallet
Next, you’ll need a Web3 software wallet in order to interact with on-chain marketplaces. There are many marketplaces with Pudgy Penguins for sale, but the official Pudgy Penguins marketplace aggregates these listings into one place.
The most prominent software wallet at present is Metamask, which is available in the form of a browser extension as well as iOS and Android apps.
You may also choose to purchase a hardware wallet, which allows for secure, offline storage of your holdings once purchased.
Step 3: Send ETH To Metamask
Once you’ve created a Metamask account, your deposit address should be visible at the top of your wallet screen. This is the address you’ll be using to deposit your ETH from an exchange.
In order to transfer your ETH, navigate to “Withdraw” on your exchange. After confirming the amount, paste your Metamask address into the destination address field.
You’ll be prompted to select the network for withdrawal. Please make sure to select Ethereum (ERC-20) for ETH withdrawals as choosing the incorrect network could result in a loss of funds.
Withdrawal fees vary depending on the exchange used and traffic on the Ethereum network. Your exchange will provide the withdrawal fee prior to confirming the transaction.
Step 4: Make your purchase.
Once your ETH has landed safe and sound in your software wallet, the fun part of this journey can commence!
Simply visit Pudgy Penguins’ official NFT marketplace and connect your wallet to the site. Next, filter by “Buy Now”(in addition to your desired attributes) and directly purchase the NFT of your choice using available ETH.
Is A Pudgy Penguins NFT Worth The Investment?
As an investment vehicle, NFTs are notoriously volatile, particularly given the nascency of the space and lack of liquidity relative to major fungible tokens.
While prices are highly speculative, Pudgy Penguins have displayed unparalleled resilience over the past year and offer a great opportunity to be part of a “blue-chip” collection.
Pricing, however, is only one aspect of the NFT equation. There is major value in joining a community of visionaries, offering ample opportunities to network both professionally and personally and build long standing friendships rooted in a shared passion for cuteness and disruption. The community regularly enjoys exclusive perks and meetups, offering exciting avenues to delve deeper into the world of NFTs.