• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Tuesday, September 26, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Luca Netz acquires Pudgy Penguins NFT collection for $2.5M

News
by Paul Carpenter
4 April 2022
Luca Netz acquires Pudgy Penguins NFT collection for $2.5M

Source: Unsplash

Share on FacebookShare on Twitter

Web3’s so-called ‘worst kept secret’ is finally out after the sale of NFT collection ‘Pudgy Penguins’ was finally executed in a $2.5 million deal. The collection, which comprises 8,888 NFTs featuring randomly-generated Penguins, was sold to Los Angeles-based entrepreneur Luca Netz.

Looking forward to spreading love across the Meta ❤️💙🐧 https://t.co/ZBEF3W6XV2

— Luca Netz (@LucaNetz) April 3, 2022

Since the revelation, the floor price of Pudgy Penguins has risen to 2.99, which was hovering around 1 ETH in March. The collection gained traction after Alexis Ohanian, co-founder of the bulletin board platform Reddit, announced that he purchased one in August

The deal came after the community evicted its founders after they failed to deliver promised goals. According to reports, the founders were supposed to launch “a game, a token, an educational book on NFTs and more.”

In addition, one of its founders Cole Villemain was accused of withdrawing funds from the treasury and was ousted after a Discord community vote. Soon after, Luca Netz offered to buy the project for 750 ETH. While several other bidders sought to purchase the project, Luca Netz has now eventually bought control. He will manage the collection’s marketing efforts and receive royalties from secondary sales.

Previous Post

Ukraine raises $760K from NFT war museum project

Next Post

Twitter share price soars after Musk reveals 9.2% stake in company

Paul Carpenter

Paul Carpenter

Paul is an avid researcher and fintech enthusiast, he loves the integration of blockchain and non-blockchain industries and writes about the most current news that impacts the market. His extensive experience helps the audience connect to his written piece.

Related Posts

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan

by Damien Martin
25 July 2023

Dogecoin (DOGE) rose for a second straight day on speculation that the memecoin will play a bigger role in the...

“Bitcoin / Web3 is necessary in the world” Hiroyuki × Yuzo Kano WebX special dialogue decision

Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference

by Kurt Ebenzer
25 July 2023

Focus on building emerging technologies Web3 and Bitcoin are said to be one of the hottest topics in the world,...

U.S. SEC Chairman Requests 10 Billion Yen Budget Increase, Including Support for Virtual Currency

US District Court Announces Date in Coinbase v. SEC Case

by Kurt Ebenzer
25 July 2023

Provide due dates for petitions and legal advice letters U.S. District Judge Catherine Polka Faira announced the upcoming schedule for...

No Result
View All Result

Recent Posts

  • Dogecoin soars 10% ── Expected to be adopted by “X” | CoinDesk JAPAN | Coin Desk Japan
  • Hiroyuki x Yuzo Kano Special Talk Report “Does Bitcoin/Web3 Need in the World?” | WebX Conference
  • US District Court Announces Date in Coinbase v. SEC Case
  • U.S. Ripple’s CTO highly evaluates the potential of real asset tokenization | WebX Conference
  • HashPort Group concludes basic agreement with KDDI to consider comprehensive collaboration in 3 Web areas | CoinDesk JAPAN | Coin Desk Japan
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News