Pudgy Penguins, a collection of 8,888 penguins on the Ethereum blockchain that launched in July 2021, is now under new ownership.
⠀
On Sunday, the team behind Pudgy Penguins tweeted that the project is now under new management. Luca Netz of Netz Capital purchased the collection for 750 ETH (around $2.5 million.)
Pudgy Penguins @pudgypenguins
The blizzard has passed, and the snow is settling. The Huddle has shown its resilience. It's time to waddle to the promised land. We’re ready to announce the worst kept secret in Web3. Our next chapter has begun: new team, new roadmap, new heights. Penguins, our time is #NOW 🐧 https://t.co/IqcG697ULW⠀
Now that Netz is the new leader of "the huddle," his team will have complete control over the project as well as its royalties from its four co-founders. This will allow them to launch a token, conduct airdrops to Pudgy Penguin holders, and other rights.
⠀
The deal comes just a few months after the project’s holders voted out co-founder Cole Villemain, also known as ColeThereum after he falsely promised a game, a token, an educational book on NFTs, and more to the community.
⠀
For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.