WHAT ARE PUDGY PENGUINS?

Summary from the TLDR Crypto newsletter

Pudgy Penguins, one of the most storied NFT collections on Ethereum, has been on a tear over the past year. It recently eclipsed a $40k floor price and is closing in on the Bored Ape Yacht Club’s floor. This thread lays out how the collection resonates in different ways among crypto enthusiasts, art appreciators, community builders, trendsetters, creatives, and meme lovers. From the start, Pudgy Penguins has garnered a diverse audience of holders from crypto OGs to pro poker players to famous athletes like Steph Curry. The collection did this by having a natural broad appeal outside of crypto, fostering an incredible meme culture that has resulted in billions of Giphy views, and building a strong brand on social media and with its physical toys.