Rumors suggesting Pudgy Penguins quietly acquired OpenSea have been circulating across social media, but the team behind the popular NFT brand has firmly dismissed the claims.
In a post on X, Pudgy’s head of security, Beau, responded bluntly: “Pudgy Penguins didn’t buy OpenSea… chill.”
The speculation was fueled by a resurfaced October 2024 post from CEO Luca Netz, who once hinted at ambitions to purchase the NFT marketplace. Some community members pointed to the timing of Pudgy’s December announcements and OpenSea’s later platform changes as possible evidence. Still, Beau shut down the theory, stating that the project has far more important priorities. “Acquiring OpenSea doesn’t make sense for us right now,” he added in a reply.
Rather than acquisitions, the team is focused on growing Pudgy Penguins into a mainstream brand. The project has expanded into physical merchandise through a successful toy line in partnership with PMI Toys and introduced Pengu Clash, a skill-based Web3 game on The Open Network (TON). Strategic partnerships with Lufthansa and NASCAR have further fueled its crossover appeal, bringing the brand into new consumer segments far beyond the typical NFT audience.
Despite denying the OpenSea deal, Pudgy Penguins continues to show signs of big ambition, positioning itself as one of the few NFT projects successfully merging digital collectibles with real-world products and experiences. This multidimensional approach has helped it maintain relevance even as broader market sentiment has wavered.
Meanwhile, the NFT market is roaring back to life. Ethereum-based CryptoPunks are leading a fresh wave of activity, with floor prices spiking over 50% and individual sales reaching nearly $180,000. According to DappRadar, July’s total NFT market cap rose to $6.6 billion—up 94% from the previous month—while trading volume jumped 51%, marking the strongest market momentum in months.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pudgy-penguins-shut-down-opensea-acquisition-rumors/