Pudgy Penguins Rebounds From Bankruptcy to $50 Million Revenue

Just three years ago, the NFT brand Pudgy Penguins teetered on the brink of bankruptcy. Now, thanks to its iconic toy line and a shrewd business strategy, it’s projected to end 2023 with a massive $50 million in revenue. Luca Netz, the company’s owner and CEO, navigated the project through turbulent times, ultimately securing its future by expanding into the physical toy market. 🤯 His journey involved acquiring a parent firm for $2.5 million in Ether (ETH), a bold move to prevent financial collapse during the volatile crypto bear market of 2022. 🥶