Pudgy Penguins CEO Luca Netz Announces Partnership With Paxos for $PENGU
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Luca Netz, CEO of Pudgy Penguins and Igloo Inc, announced a partnership with @Paxos, a regulated blockchain infrastructure and tokenization platform, calling it "a huge piece to the PENGU puzzle."
The announcement, made on April 27, 2026, signals a significant step for the PENGU token, which is tied to the Pudgy Penguins NFT ecosystem. @Paxos is known for its work in stablecoin issuance, tokenization services, and enterprise-grade blockchain solutions, suggesting potential integration for PENGU in areas like payments, custody, or institutional access.
Netz, who acquired the struggling Pudgy Penguins NFT collection in April 2022 for approximately 750 ETH (≈$2.5 million), has since transformed it into a global Web3 IP brand. The project later launched PENGU as its native token and introduced Abstract, a consumer-first Layer 2 blockchain.
This partnership comes as Pudgy Penguins continues to expand its footprint beyond NFTs into broader crypto infrastructure. The specific details of the collaboration remain under wraps, but Netz's phrasing suggests more announcements are imminent.
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