Original title: "Pengu is about to issue a coin. Can PENGU, Abstract, and OpenSea kill three birds with one stone?"

Original author: Wenser, Odaily Planet Daily

Editor's note: On December 16, Binance HODLer airdrop launched the 5th project Pudgy Penguins (PENGU). From 08:00 on December 9, 2024 to 07:59 on December 13 (Eastern Time), users who use BNB to subscribe to the regular and/or current products of the earning platform will receive airdrop allocations. HODLer airdrop information is expected to be launched soon, and tokens will be distributed to users' spot wallets 1 hour before trading begins. Both Binance and OKX will launch PENGU spot trading.

On December 17, Pudgy Penguins CEO Luca Netz announced that PENGU tokens will be available for redemption at 8:00 a.m. EST on December 17 (9:00 p.m. BJT on December 17). All Pudgy Penguins, Lil Pudgys, Rogs and SBTs holders can participate, and the redemption period is 88 days. This article was first published on December 16th, and the original text is as follows:

At around 8 am this morning, according to the information disclosed by researcher Waleswoosh, the Pudgy Penguins project token PENGU may be launched within 48 hours; at the same time, as the coin issuance approaches, the floor price of Pudgy Penguins NFT has also been rising. As of the time of writing, it is temporarily reported at 33.7 ETH, worth nearly 140,000 US dollars, which is only 10,000 US dollars away from the CryptoPunks floor price. At the same time, Abstract Chain, the L2 network under Pudgy Penguins' parent company Igloo, also officially announced that it will launch its mainnet in January next year, and there is also market expectation of issuing its own token; OpenSea was also recently reported to have registered the OpenSea Foundation in the Cayman Islands.

Thus, through the issue of Fat Penguin's token issuance, whether the three projects of PENGU, Abstract, and OpenSea can achieve "one fish, three meals" has become the focus of market attention. Odaily Planet Daily will summarize the latest developments of related projects in this article for readers' reference.

Penguin coin issuance: may become the engine of NFT market recovery

As the "last dance of blue-chip NFT coin issuance" this year, Pudgy Penguin, as usual, has played a combination of punches. We have systematically sorted out the business landscape of Pudgy Penguin in the previous article "Acquiring Frame, building abstract chains, and subverting Base, can Pudgy Penguin take up the banner of consumer economy?", and when it comes to token issuance, Pudgy Penguin's thinking also implies deep meaning:

PENGU: The first stop of Pudgy Penguin coin issuance

Rewinding the time to December 6, Pudgy Penguins officially announced that PENGU tokens will be launched in 2024, with a total supply of 88, 888, 888, 888, and will be launched on Solana. According to the official release pictures, the Pudgy community will own 25.9% of the tokens, and other communities will receive 24.12% of the tokens.

We also made a preemptive prediction of the market's expected PENGU token market value and other information in the article "Fat Penguin Issues Tokens, Community Predicts Airdrop Income to Exceed $30,000". At that time, affected by the expectations of the coin issuance, the floor price of Pudgy Penguins NFT rose as high as 16% during the day, but the floor price was only 17.75 ETH, which is about 50% of the current price.

PENGU Token Economics Related Information

Subsequently, Pudgy Penguins' parent company Igloo issued a statement saying that PENGU plans to use multi-chain release and will also be enabled on Ethereum and Abstract Chain. Luca Netz, CEO of Fat Penguin, later wrote that in order to let the Pudgy Penguins community have a clearer understanding of the PENGU token situation, remind that there is no snapshot of the PENGU token. Once the token is launched, it will be allocated to the relevant NFT, and there will be 88 days to apply for the token. Influenced by this news, Pudgy Penguins NFT has the motivation to continue to rise.

On December 8, the floor price of Pudgy Penguins officially surpassed the former "NFT synonym" BAYC Bored Ape.

On the other hand, another piece of the puzzle of Fat Penguin's "business empire" also came to the center of the stage.

Abstract: L2 chain with separate token issuance

On December 15, according to official news, Abstract Chain, an L2 network under Igloo, the parent company of Pudgy Penguins, announced that it will launch the mainnet in January next year. The project was formerly known as the on-chain creator economic platform Frame. It had previously planned to develop infrastructure related to the creation of NFT markets without permission. At that time, it also had the expectation of airdropping the launch of FRAME tokens. After the acquisition by Fat Penguin's parent company, Abstract is not only an L2 network designed for on-chain culture and community, but also a project with airdrop expectations for PENGU and network native tokens.

As Luca Netz said in his reply to the community: "All Elite roles on the Abstract Discord will receive PENGU tokens." For the current interactive operation of Abstract's airdrop, please refer to the article "Fat Penguin's coin issuance brings fire to Abstract, and teaches you how to ambush the "Penguin Chain" step by step", which includes tasks such as testnet, early bird badges, and Discord community roles.

OpenSea: The platform power that helps Fat Penguin

On December 13, OpenSea, as the "big brother of the NFT market", also added fuel to the fire for Fat Penguin's coin issuance, and changed the avatar of the official account of the X platform to Pudgy Penguins NFT-related pictures. Under the dissemination effect with a strong Meme attribute, the expectations of crypto players, including many NFT users, for the wealth-making effect of PENGU tokens have reached a new level. (Note from Odaily Planet Daily: Currently, OpenSea has officially changed its profile picture back to its original state)

OpenSea Official Changes Profile Picture

Combined with the previous revelation by Mike Dudas, founder of 6th Man Ventures and former founder of The Block, that "OpenSea is suspected to have registered the OpenSea Foundation in the Cayman Islands on August 20 this year" and the news that the latest version of OpenSea may be launched this month, OpenSea's token airdrop may also be on the way.

In addition, according to the Dune data panel issued by Sealaunch, a well-known on-chain data monitoring organization, if OpenSea promotes token launch, it may be related to factors such as the number of user transaction operations. The OpenSea user rankings in the Dune data panel may be used as a reference for airdrop expectations.

OpenSea user ranking query interface, for reference only

Summary: Fat Penguin's coin issuance has driven the NFT market to recover, and the wealth-creating effect remains to be verified

With the launch of PENGU approaching, the NFT market has also ushered in a long-awaited recovery: according to data earlier today, the total market value of the top NFT series on the entire network has risen above US$10 billion, currently reaching US$10,450,232,468, a 24-hour increase of 10.2%; in the past 24 hours, the total NFT series transaction volume on the entire network reached US$71,146,166, an increase of 87.5%.

In addition, due to the unclear snapshot time and airdrop conditions, in recent days, in addition to the rising floor price of Pudgy Penguins, its historical high transaction price has also ushered in a wave of whales: Pudgy Penguin #8441, ranked 14th in rarity, was traded at a price of 100.5025 ETH; Pudgy Penguin #2447 was traded at a price of 150 WETH.

As for whether many NFT users and Pudgy Penguins holders can realize the dream of "one fish, three meals", at present, they still hope for the online performance of Pudgy Penguins project token PENGU. It is no exaggeration to say that at the moment of this cycle, Fat Penguin has become the "hope of the whole village" leading the NFT track to a new path-PENGU rises, NFT prospers; PENGU falls, and the winter of NFT will continue.

Original link

欢迎加入律动 BlockBeats 官方社群：

Telegram 订阅群：https://t.me/theblockbeats

Telegram 交流群：https://t.me/BlockBeats_App

Twitter 官方账号：https://twitter.com/BlockBeatsAsia