Pudgy Penguins Partners with Walmart, Reviving NFT Enthusiasm
In a remarkable departure from the digital realm of cryptocurrencies, Pudgy Penguins, a standout NFT project during the bear market, is set to introduce 26 unique toys into the inventory of 2,000 Walmart stores. This audacious move has sparked an immediate surge in the floor price of the Pudgy Penguins collection, soaring by over 11% to reach 5.2 ETH, all thanks to the announcement that the world’s largest retailer, with a colossal $600 billion revenue in 2022, is endorsing these crypto-inspired toys. As a consequence of this groundbreaking partnership, daily trading volume experienced an astonishing spike, surging by over 270% to a staggering 849 ETH, equivalent to $1.3 million, firmly positioning it as the second-highest in that time frame, just behind the renowned Bored Ape Yacht Club, according to CoinGecko. Walmart’s decision to champion a crypto-native project marks a much-needed revival for the NFT space, grappling with a substantial downturn following an extravagan...