Pudgy Penguin to IPO: From NFTs to Mainstream Markets

Pudgy Penguins, the Web3-born brand that started as Ethereum NFTs, is gearing up for its most ambitious move yet: an initial public offering (IPO). CEO Luca Netz announced that the company expects to generate a record-breaking $50 million in revenue this year, which will drive the IPO timeline. The company’s expansion beyond digital assets includes venturing into toys, arcades, games, and even storybooks, with retail partnerships like Walmart adding another dimension to its reach.