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Pudgy Penguins Debunks OpenSea Acquisition Rumors, Focuses on Strategic Partnerships

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by Giorgi Kostiuk

an hour ago


The Pudgy Penguins team has denied rumors of acquiring the OpenSea platform. Beau, the head of security, emphasized the project's focus on large-scale partnerships.

Denial of OpenSea Acquisition Rumors

Pudgy Penguins denied the rumors of acquiring OpenSea, calling the speculation unnecessary. Beau stated, 'Pudgy Penguins didn’t buy OpenSea... chill.' He emphasized that the project is focused on developing partnerships rather than individual acquisitions.

Speculation Due to CEO's Comments

Rumors of a potential OpenSea purchase began circulating after CEO of Pudgy Penguins Luca Netz expressed interest in acquiring the marketplace. Community members linked these comments to recent timings between Pudgy's announcements and OpenSea's policy changes.

Increase in NFT Sales for Pudgy Penguins

Pudgy Penguins ranks fifth among NFT collections by 30-day sales volume with $23.09 million, showing a 336.17% growth in sales and 141.15% in transactions. Data from CryptoSlam indicates 545 transactions conducted by 285 buyers and 327 sellers.

Beau's response affirms Pudgy Penguins' strategy of developing partnerships with major brands such as Lufthansa and NASCAR, which is expected to strengthen their market position in the NFT space.

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