Forbes: Pudgy Penguins NFTs Surpass Bored Apes After Walmart Deal

Forbes recently highlighted the rising popularity of the Pudgy Penguins NFT collection with the phrase "MOVE OVER BORED APES", which has gained significant attention after securing a contract with Walmart to sell stuffed toy versions of its designs. This development has positioned the Pudgy Penguins as a strong competitor to the previously dominant Bored Ape Yacht Club (BAYC) NFT collection. Despite the skepticism around the future of Ethereum-based NFTs, the success of Pudgy Penguins, as noted by Forbes, has sparked discussions within the NFT community. At the start of 2024, BAYC's market cap was 2.5 times larger than that of Pudgy Penguins. However, over a recent weekend, Pudgy Penguins briefly surpassed BAYC in market cap, although the gap has since narrowed to a mere 10k ETH.