Pudgy Penguins and OverpassIP Announces Parent Firm Igloo Inc.

Popular NFT project Pudgy Penguins and NFT licensing platform OverpassIP have jointly announced the formation of Igloo Inc., their new parent company.

Unlike many initiatives, the company emphasized its goal to provide a user-friendly experience for newcomers to crypto, prioritizing ease of access over cryptocurrency price fluctuations.

Igloo Inc. aims to create “the largest onchain community, driving the consumer crypto revolution” and plans to leverage the established popularity of Pudgy Penguins to attract new users, followed by deeper engagement through licensing arrangements facilitated by OverpassIP.

Source: Igloo Inc.

Building the Largest Onchain Community

“Igloo was formed to create an end-to-end ecosystem for new people to come into crypto, non-dilutively,” the company stated on X.

Igloo Inc. also hinted at forthcoming projects aimed at expanding its ecosystem. “Over the coming months, we will complete this loop as we make another push towards realizing our vision of creating an end-to-end user experience to push crypto to the masses,” the company added.

The market has responded positively to the news with Pudgy Penguins trading at over $1 million in the past 24 hours. The floor price currently at approximately 8.57 ETH (around $28,407) with a market capitalization of about $252 million, according to CoinGecko.

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The post Pudgy Penguins and OverpassIP Announces Parent Firm Igloo Inc. appeared first on NFT Plazas.


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