NFT Project Pudgy Penguins Makes Its Way to 2,000 Walmart Stores across the United States
In the midst of the bearish trends affecting the global crypto market, there is a glimmer of hope in the non-fungible token (NFT) market. Pudgy Penguins, an NFT project, recently achieved a significant milestone by launching its dedicated toy line, Forever Pudgy Toys, in 2,000 Walmart stores across the United States. This move is part of Pudgy Penguins’ vision to bridge the gap between the Web3 ecosystem and the physical world.
Pudgy Penguins, which was launched in July 2021, is an NFT project built on the Ethereum blockchain. It consists of 8,888 NFTs featuring adorable and chubby penguins with unique accessories. Each toy comes with a QR code that grants access to “digital traits” that can be redeemed in the Pudgy World. The Pudgy World is an online virtual realm powered by the zkSync Era blockchain, where users can enjoy gamified experiences and personalize their Forever Pudgy toys. Additionally, the digital platform facilitates social interactions among toy owners.
Walmart will showcase 26 different types of Pudgy Toys, with prices ranging from $2.99 to $11.97. Some of these toys will also include rare golden tickets that unlock exclusive traits for the Forever Pudgy Penguins within the Pudgy World. Interestingly, Pudgy Penguins has integrated trademarks from other popular NFT projects, such as DeGods and Meebits, into their toy line, making it a significant moment for the entire Web3 community.
Brittany Smith, the Vice President of Merchandising – Toys at Walmart U.S., expressed her thoughts on the mission of the Pudgy Penguins NFT project. She highlighted the project’s goal of creating a unique and immersive experience for toy collectors by blending physical toys with digital interactions.
Following the announcement of the toy line launch, the floor price of the Pudgy Penguin NFTs experienced a significant rise of over 10%. The floor price represents the lowest price at which an asset can be purchased in the secondary market. Currently, the floor price for Pudgy Penguins stands at 5.2 ETH.
Overall, the introduction of Pudgy Toys in Walmart stores marks a notable achievement for the NFT market, demonstrating its potential to merge the virtual and physical realms. The project’s collaboration with Walmart and inclusion of trademarks from other NFT projects further solidify its position as a significant player in the Web3 ecosystem.
Tags: NFTs, United States
