If You Invested $1,000 In Pudgy Penguins NFTs At Mint, Here's How Much You'd Have Today

If you had invested $1,000 in Pudgy Penguins NFTs at mint in July 2021, you would have acquired approximately 33 NFTs, as the mint price was 0.03 Ethereum each. At the time, 1 ETH was worth around $3,300, so your total investment would have been around $1,000. Fast forward to today, and the floor price of Pudgy Penguins has surpassed $100,000, showcasing a significant rise in value.

After Luca Netz acquired the collection in April 2022 for 750 Ethereum (around $2.5 million), the floor price increased from about 0.7 ETH to over 2.5 ETH, reflecting renewed optimism and a strategic overhaul of the brand. Under Netz’s leadership, Pudgy Penguins transformed into Igloo Inc., a company that has expanded into consumer products, benefiting holders with royalties from licensing deals.

Given the current floor price surpassing $100,000, your initial investment of $1,000 in 33 NFTs could be worth an extraordinary amount today, depending on the current value of the floor price for Pudgy Penguins NFTs. This reflects one of the most remarkable success stories in the NFT world, driven by brand revitalization and strategic expansion.

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