PudgyPenguin: The Power of The NFT Community

NFT CASE STUDY

NFT project Pudgy Penguin, discord members voted out its founders after they allegedly failed to deliver on stated goals. And now Pudgy Penguins could become the first pure decentralized PFP project ever.

The value of any NFT is driven by roadmap and community.

Pudgy Penguin is the first case of its kind and clearly demonstrates the power of community.

Pudgy Penguins is one of the successful NFT projects of 2021, raking in over 45,400 ETH in sales on NFT marketplace OpenSea i.e approx USD 140 Millions.

The community is working on an exit by wrapping the penguins. Wrapped Penguins, available as a free mint on NFT platform Metadrop for current Penguin holders, would sever all ties with the original founding team with the new project in the hope of creating a parallel community that would be governed using a decentralized autonomous organization (DAO) framework.

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To read the details of community member messages click 👉 CoinDesk