The Pudgy Penguins NFT collection has recently witnessed an astonishing surge in trading activity, starting on October 7, 2023. This collection, based on the Ethereum blockchain, comprises 8,888 unique NFTs, each distinguished by its distinct traits.

The journey of the Pudgy Penguins NFT collection has been quite remarkable. Initially, it soared in popularity during the crypto bull run of 2021, only to face significant price fluctuations shortly after. However, in April 2022, the project's intellectual property was acquired by Luca Netz, a seasoned entrepreneur, who invested a staggering $2.5 million. Following this acquisition, the project underwent further development and managed to secure an impressive $9 million in seed funding by May 2023. This seed funding round was conducted in collaboration with the early-stage investment firm 1kx and saw participation from various crypto-focused venture capital firms, including Big Brain Holdings, Old Fashion Research, and CRIT Ventures.

Pudgy Penguins NFT collection has earned its place as one of the top NFT collections in the cryptocurrency space. Their recent announcement about launching a Toy collection in 2000 different Walmart stores has further solidified their position. Since its inception, Pudgy Penguins have already generated over $400 million in transaction volume, as reported by Coingape earlier this week. The increase in Pudgy Penguin prices, despite the ongoing slump in the NFT market, bodes well for the prospects of the Pudgy World collections.

Earlier this week, the floor price for the Lil Pudgy Penguins NFT collection, which is an extension of the Pudgy Penguins NFT collection, experienced a significant surge. It reached a new peak of $788 (equivalent to 0.48 ETH). Lil Pudgy Penguins consists of 22,222 extra NFTs in this collection.

Just like their larger counterparts, Lil Pudgy offers their owners identical benefits and exclusive opportunities. Pudgy World combines blockchain technology from Ethereum and the zkSync Era, presenting a diverse selection of toy collections known as Pudgy Toys.

As per Luca Netz, the CEO of Pudgy Penguins, NFTs should not be restricted solely to the digital realm but should also have a more extensive presence. This notion was emphasized during the recent NFT market downturn when the launch of the burgeoning toy collection proceeded smoothly.