Pudgy Penguins has denied hypothesis that it acquired NFT market OpenSea, following a wave of social media chatter suggesting a deal could have closed as early as December 2024.In a Saturday publish on X, Beau, head of safety at Pudgy Penguins, dismissed the acquisition discuss. “Pudgy Penguins didn’t purchase OpenSea… chill,” he wrote.He claimed that the mission has large plans, so there’s no must concentrate on only one attainable acquisition. “Discuss partnering with Lufthansa and NASCAR, and go discover the following nice model for us to proliferate with,” Beau wrote.Pudgy Penguins is a group of 8,888 flightless fowl NFTs launched in July 2021. The mission has additionally expanded into bodily merchandise with a Pudgy Toys line in partnership with PMI Toys, permitting NFT holders to earn from industrial use by means of its OverpassIP platform.Beau dismissing OpenSea acquisition rumors. Supply: BeauRelated: Blistering NFT ‘sweep’ underway as CryptoPunks, Penguins surgeRumors of Pudgy Penguins’ curiosity in OpenSeaThe rumors of OpenSea’s acquisition gained traction after a number of X customers pointed to previous feedback by CEO Luca Netz, together with a now-resurfaced October 2024 publish the place he stated he wished his firm to purchase OpenSea.Different group members speculated that a purchase order could have occurred quietly, citing coincidental timing with Pudgy’s December bulletins and OpenSea’s later coverage shifts round token help.Nonetheless, Beau pushed again on the narrative. “I don’t truly assume buying OS rn would make a variety of sense for us,” he wrote in an earlier reply, emphasizing the crew’s desire to concentrate on confirmed developments reasonably than hypothesis.Pudgy Penguins has lately leaned into model partnerships, together with tie-ups with Lufthansa and NASCAR. Final month, the mission additionally launched a skill-based Web3 sport known as Pengu Conflict for The Open Community (TON) blockchain, becoming a member of the aggressive mini-game area.Associated: Ozzy Osbourne’s loss of life sparks 400% surge in CryptoBatz NFTsNFT market rebounds as CryptoPunks lead $6.6B surgeThe NFT market is exhibiting renewed momentum, with whole market capitalization hitting $6.6 billion in July, a 94% leap from the earlier month, in line with DappRadar. Weekly buying and selling volumes additionally climbed 51%, marking the strongest efficiency since February.Main the comeback is the Ethereum-based assortment CryptoPunks, whose ground costs jumped 53%. DappRadar analysts famous the gathering’s enduring attraction as a Web3 standing image. On July 22, CryptoPunks noticed 83 new purchases and a 15.9% ground worth rise inside 24 hours, reaching almost $180,000 per Punk.Journal: NFT Creator: Jack Butcher’s no fan of NFT royalties: ‘You’re getting paid on churn’
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