The Pudgy Penguins character will be incorporated into Pixelverse, alongside characters like Doge from Dogecoin and Mew from the Solana memecoin MEW.
The popular NFT collection Pudgy Penguins will be incorporated as a character in Pixelverse’s Telegram mini-game.
On July 16, Pixelverse announced that it would introduce the Pudgy Penguin character “Pudgy ” into the game, joining other crypto favorites such as Doge from the Dogecoin memecoin and Mew, a character that represents a Solana memecoin.
Players can play as the character in the Pixelverse game before the official release of Pudgy Penguins in 2025.
NFT market sees downturn in Q2.
In Q2 2024, NFT sales dropped by 45% compared to Q1, falling from $4.1 billion to $2.24 billion, as reported by CryptoSlam. This marked the lowest quarter for NFTs since Q3 2023. Experts view this decline as a part of a maturation process following a period of rapid growth, noted by Anoir Houmou, CEO of RECRD, a Sui-backed video platform.
Gaming drives Web3 adoption despite lower volume
Despite lower NFT sales volumes, Pixelverse and Pudgy Penguins stand out in the Web3 gaming and NFT space. PixelTap, a Telegram mini-game, amassed over 50 million users in its debut month.
Kori Leon, co-founder of Pixelverse, emphasized the importance of fostering communities in Web3 ventures. Leon stressed that successful projects prioritize community, culture, and distribution to ensure the ecosystem’s prosperity. Neglecting these aspects, Leon warned, could lead to project failures in the future. Users remain cautious of unfulfilled promises from project founders.
The Pudgy Penguins NFT collection hit an all-time sales record of nearly $400 million, topping Ethereum-based NFT sales at $12 million in the past month, despite market challenges. In May, Pudgy Penguins CEO Luca Schnetzler revealed the sale of one million plushies from the NFT collection worldwide.
In July, Hamster Kombat, a TON-based viral game, gained 239 million users in less than three months. Telegram founder Pavel Durov praised the game’s success on July 4, predicting it could bring 200 million users to blockchain technology.
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