Pudgy Penguins denies OpenSea acquisition rumors, focuses on partnerships

Key Points

1. Pudgy Penguins dismissed acquisition rumors of OpenSea, calling the speculation unnecessary and clarifying no such deal occurred.

2. The project is prioritizing partnerships with brands like Lufthansa and NASCAR, as well as expanding its Web3 initiatives, including the game Pengu Clash on the TON blockchain.

3. Pudgy Penguins is an NFT collection of 8,888 flightless birds launched in July 2021, with additional ventures like physical toys and the OverpassIP platform for NFT holders.

4. Rumors of an OpenSea acquisition stemmed from past comments by Pudgy Penguins CEO Luca Netz, but the team has firmly denied any current interest in such a deal.

5. The NFT market is experiencing a resurgence, with CryptoPunks leading a $6.6 billion market cap surge and increased trading activity.