Pudgy Penguins is the latest hit in the NFT world. It’s closing the gap between digital collection and real-world business. It’s blending the tangible and intangible, making it more accessible and easier to monetize. They’ve created opportunities for NFT holders to get a tangible slice of physical merchandise sales bridging Web3 communities and technologies with the real world.
Pudgy Penguin & NFTs
NFT or Non-Fungible Tokens are digital assets that prove ownership through a publicly viewable ledger called a Blockchain.
So how does this relate to the Pudgy Penguins? These Pudgy Penguins are 8,888 unique collectable Penguins that are linked to the Ethereum Blockchain. Each Penguin design comes with a unique identifier that is publicly listed in the Ethereum Blockchain and can be traced to the original artist. Using this, the company creates physical merchandise with the designs that are on the blockchain and the artists are paid royalties on their designs.
Backed by MDEC (Malaysia Digital Economy Corporation) and Asia Huddle PLT, these waddling birds are officially making their Malaysian debut. You will start seeing Pudgy Penguins soft toys and collectables in retail stores such as FamilyMart, myNews, Bila Bila Mart, emart24 and CU Malaysia across the country. In conjunction with the launch, there will be a special three-day event called “Pudgy Boleh” which will showcase their journey from digital animations to toys and collectables.
Tangible Economic Opportunities from the Blockchain
Pudgy Penguins looks to unlock more economic opportunities through its Web3 ecosystem. This comes on the heels of a successful foray into the United States which proves that blockchain innovation can be blended into tangible business opportunities.
With their launch in Malaysia, the company coordinated a special three-day event called “Pudgy Boleh” to showcase their works from digital photos to live cuddly toys.
Cheryl Law, the Pudgy Penguins Business Development Lead of Asia, sees a great future for the company to grow and have a positive impact on Malaysian Businesses and companies. The sentiment is shared by CEO, Luca Netz. Luca believes that everyone should be able to have a bridge between real life and their digital presence. Using these commodities, everyone can contribute to Malaysians’ economic landscape through inclusivity and art.
