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NFTs never cease to surprise, but few could have predicted that a series of waddling, wide-eyed jpegs would surpass Bitcoin in value. Yet here we are: the beloved Pudgy Penguins collection, whose floor price has recently soared past $100K, is now valued higher than a single BTC. It’s a development that attests to the patience of the iron-handed Pudgy community, who won’t have to wait long to enjoy their next milestone.
The launch of Pudgy Party, the first web3 game featuring the franchise, is now just weeks away. With Mythical Games applying the finishing touches to the eagerly-anticipated title, rising demand for the Pudgy NFTs that began it all points to a bright future for both partners. Mythical Games doesn’t have its own 8,888 collection of colorful NFTs, of course, but it does have a native token – and it too is performing admirably well.
How Crypto Came to Love Penguins
Crypto loves dogs and cats – a quick glance at the top memecoins will tell you that. Which is why, when Pudgy Penguins made their debut in 2021, they were dismissed by most as yet another passing craze amidst NFT mania. Fast forward to today, and these colorful, charismatic digital birds have soared to heights that other NFT collections only dream of reaching. Even the lowest-priced Pudgy Penguins are now fetching more than one BTC on NFT markets. Who said that penguins can’t fly?
This milestone is part of a wider comeback story for the NFT sector, which has seen renewed interest following a crypto market resurgence. Floor prices are picking up, rumors are swirling around what OpenSea intends to do next, and there’s a sense that, after lying dormant for much of the current bull market, NFTs are ready to break out. Pudgies, admittedly, have been bucking this trend, outperforming the rest of the NFT sector year after year.
Mythical Penguins Meet Mythical Games
The timing couldn’t be better for Pudgy Penguins fans, who have more than just record floor prices of 30 ETH to celebrate. Pudgy Penguins and Mythical Games are joining forces to release Pudgy Party, a web3 mobile game that leverages the playful charm of the Penguin brand. Mythical Games, known for creating NFL Rivals, as well as forthcoming soccer variant FIFA Rivals, is crafting an experience that looks like making Pudgy Party one of the most popular web3 mobile games to date.
One of the less publicized beneficiaries of this partnership is Mythical Games’ native MYTH token, which underpins the ecosystem’s marketplace and in-game economy. While the Pudgy Penguins brand alone is a draw, the synergy with Mythical’s broader ecosystem is likely to spark interest in MYTH as an asset for facilitating transactions, minting new in-game assets, or offering community rewards.
Should Pudgy Party attract a large player base, as seems likely, the MYTH token will see heightened trading volume as gamers look to buy and sell in-game items and use the asset to unlock new experiences within Mythical’s growing universe of games. But of course there’s another reason why MYTH has, like Pudgy Penguins, been performing so well lately: it’s seen by shrewd traders as a leveraged bet on web3 gaming.
If the sector succeeds in onboarding hundreds of millions of players, as seems inevitable, the leading GameFi utility tokens will do very well. In this respect, MYTH appears undervalued based on its current market cap versus the robust trading volume it now commands.
Where Next for Pudgies?
The success of the Pudgy Penguins and the impending release of Pudgy Party mark another milestone in NFT history. What was once a cluster of cartoon penguins on the Ethereum blockchain is quickly evolving into a fully-fledged gaming ecosystem, complete with gameplay, collectibles, and token-driven economies. Having long transcended the role of facilitating digital art speculation, NFTs are now forging new forms of community-centric entertainment.
With the Penguins’ star power on the rise and Mythical Games’ established reputation for quality development, there’s a real chance that Pudgy Party could break the mold of NFT gaming. In doing so, it will pave the way for other high-profile NFT collections to explore new frontiers in interactive media.
Whether you’re a hardcore Pudgy holder, a casual gamer curious to play the new mobile title, or simply watching from the sidelines, there’s no denying the excitement in the air – and the sense that these lovable little penguins are only just getting started. Like the web3 studio they’ve partnered with, Mythical Games, there’s compelling evidence that the best is yet to come.