Netz Capital acquires Pudgy Penguins collection for $2.5 million
2022.04.04 19:41
Netz Capital acquires Pudgy Penguins collection for $2.5 million
Over the weekend, Netz Capital’s Luca Netz purchased the Pudgy Penguins NFT collection for 750 ETH, or around $2.5 million. While this may appear like a small price to pay for an NFT project, the collection of 8,888 digital collectibles has suffered months of community turmoil and even ousted leadership.
Netz placed his offer of 750 ETH on the table in January, asking the controversial founder of Pudgy Penguins, Cole Villemain, to make his move.
750 ETH for @Pudgy_Penguins by the NFT degenerates. Make your move @ColeThereum
— Luca Netz (@LucaNetz) January 6, 2022
Following the acquisition, Netz will now lead the project, as well as receive all future royalties from secondary market sales.
Looking forward to spreading love across the Meta ❤️
