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#Luca Netz

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Pudgy Penguins Surges as Billionaire Buys 117 NFTs
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Pudgy Penguins Surges as Billionaire Buys 117 NFTs

Key Highlights American recycling entrepreneur and digital asset investor Adam Weitsman announced the on-chain acquisition of 117 Pudgy Penguins NFTs to back the community during a tough period. The move coincided with a weekly surge of 125.66% in Pudgy Penguins NFT sales, reaching roughly $1.50 million across 196 transactions, according to CryptoSlam metrics through October ...

Pudgy Penguins’ Abstract Becomes Second Ethereum Layer 2 to Shut Down in a Week
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Pudgy Penguins’ Abstract Becomes Second Ethereum Layer 2 to Shut Down in a Week

Key Highlights: Luca Netz announced the closure of the Abstract blockchain following eight-figure losses, stalled growth, thin trading markets, and limited institutional interest. Parent company Igloo is shifting its full operational focus back to its core brand, Pudgy Penguins, its digital collectibles, and the associated PENGU token. Despite high on-chain activity and high-profile brand participation, ...