Pudgy Penguins denies OpenSea acquisition rumors – What’s happening?
Main Idea
Pudgy Penguins denies rumors of acquiring OpenSea, clarifying that no such acquisition has taken place, while the NFT market shows significant growth.
Key Points
1. Pudgy Penguins' security lead, Beau, denied rumors of acquiring OpenSea, stating 'Pudgy Penguins didn’t buy OpenSea… chill.'
2. Rumors started after CEO Luca Netz's past comments about interest in acquiring OpenSea resurfaced, but he later stated it wouldn’t make sense for the company currently.
3. The NFT market saw a surge in July, with total market capitalization reaching $6.6 billion, up 94% from the previous month, and weekly trading volumes increasing by 51%.
4. Ethereum-based NFTs led the market growth, with CryptoPunks' floor prices rising 53% and CryptoBatz experiencing a 100,000% volume surge after Ozzy Osbourne’s death.
Description
Did Pudgy Penguins just buy OpenSea or is the Internet reading too much into it?
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