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Stop shoving crypto ‘down people’s throats’ — Pudgy Penguins CEO on NFTs

d57f7ba3-fadb-4bf9-b1f4-83417c112336.jpg

Luca Netz suggested that Pudgy Penguins is pushing for Web3/blockchain as a “back end not front end” approach, as it makes its IP as accessible as possible.

The CEO of Pudgy Penguins — a nonfungible token project that recently launched a line of “phygitals” on Amazon despite the bear market — has offered one piece of sage advice to budding projects: Stop talking about crypto.

Speaking with Cointelegraph, 24-year-old entrepreneur Luca Netz said that many NFT projects overwhelm people with Web3 jargon and information, making it almost unapproachable for newcomers:

“If you look at the other NFTs in the space, can everyone really get it? [...] I think they’re trying to drown crypto and Web3 down people’s throats. That’s not what people want. People want amazing products.”

Since he took over Pudgy Penguins in April 2022, Netz stated that the project has opted for a Web3/blockchain as a “back end, not front end” approach.

This essentially boils down to bringing as much attention to the IP as possible, in an easily digestible way, he said, adding:

“So our focus is really, how do we create a lovable character that everyone loves? And as the space evolves as the technology matures, you know, teach that user base that we're in NFTs.”

“Everything that we do and everything that you'll see us do is ‘how do we get more familiarity and brand awareness around our characters?’ and that's really at the top of the totem pole for us,” he added.

We’re doing everything we said we would. The best part? We’re just getting started. https://t.co/iNEhoDkWvQ

— Luca Netz (@LucaNetz) May 20, 2023

Huggable Pudgy Penguins

One of the key initiatives that Netz has introduced is the physical or “phygital” Pudgy Penguins collectibles, which are designed from the IP of around 16 different NFTs from the collection.

Each toy comes with a scannable code that people can use to unlock blockchain-based digital penguin customizations to make their own unique NFT. All in a user-friendly way.

In a Twitter Spaces in late May, Netz claimed that toys pulled in $500,000 worth of sales from around 20,000 units within two days of debut on Amazon on May 18.

Waking up to see Pudgy Penguins record breaking numbers on Amazon really makes all my losses in the Web3 space worth it.

If you didn’t know, the owner of these penguins will all be receiving royalties for these sales.

Utility. This is real utility. pic.twitter.com/fbRGGig5Im

— Moose (@JoeyMooose) May 19, 2023

Notably, hodler’s of those specific NFTs get a cut of the revenue.

“So for us, you know, my number one objective — watching the successes and failures in the space thus far — is how do I bring value to my NFT holder. I think if that's not your number one objective when running an NFT business, then you're unfortunately going to be in a tough spot.”

“So we believe that when we make a product and we make content, that we want to pay our community for that and it's kind of how we're looking at it,” he added.

From bear... to penguin

In late 2021, Pudgy Penguins was essentially in tatters as the floor price was plummeting, while promised milestones on the roadmap such as blockchain games were nowhere in sight.

At the time, questions were being raised about the past dealings of controversial founder Cole Villemain, who was ultimately voted out of the project by the community by January 2022.

A few months later, the project was subject to a $2.5 million takeover by Netz, and since the announcement on April 3, 2022, the floor price for Pudgy Penguins NFTs has surged from around 1.3 Ether (ETH) to around 5.05 ETH at the time of writing.

b580c886-a80b-4f67-9188-4a389b580dab.pngPudgy Penguins Floor price surge. Source: NFT Price Floor.

Adding to that, the Pudgy Penguins also recently closed a $9 million seed funding round in early May, along with signing a Hollywood representation deal with WME to expand the IP into areas such as TV, film and gaming.

Revival under Luca Netz

While it may have looked like another dead NFT project to some, Netz emphasized that he saw a diamond in the rough with a strong community that wanted to see the project thrive again:

“I think it had all of the ingredients to be the face of NFTs. And I felt like nobody [else] at the time had the same value proposition.”

“I decided to buy it because I saw that it had those ingredients, and they just needed the right person to cook it.” he added.

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

— Luca Netz (@LucaNetz) April 3, 2022

Explaining what he saw in Pudgy Penguins, Netz stated that he felt it had a culture that was “second to none,” along with a “universal IP” that was primed for growth.

“So what I mean, by universal, you know anyone, and everyone can understand a Pudgy Penguin, it doesn't matter what your ethnicity is, or your gender or your religion, like you all get and understand a Pudgy Penguin,” he said.

Magazine: NFT Creator: Top 10 crypto artist Trevor Jones on being rich, rekt and rich again

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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