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Benzinga
Benzinga
Business
Chris Katje

Pudgy Penguins Founders Sell Control: How New Leadership Is Boosting The Floor Price

A popular NFT collection from 2021 that saw coverage from the New York Times suffered from months of little action and development on the roadmap and items promised by the founder. A new leadership team has bought the rights and is powering forward.

What Happened: Pudgy Penguins co-founders sold the collection and rights to a group led by Los Angeles entrepreneur Luca Netz.

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