Pudgy Penguins, an NFT collection, has surged in popularity, with a market value exceeding $1 billion. The collection features 8,888 penguins known for their charm and humor. Pudgy Penguins surpassed Bored Ape Yacht Club in market cap and became the second-largest NFT collection globally. The Igloo Co, the company behind Pudgy Penguins, secured a deal with Walmart to sell plush toy versions, contributing to their success. Luca Netz, a key figure in the project, has been featured prominently in Forbes, highlighting the collection's rise in the NFT space.