In the world of non-fungible tokens (NFTs), CryptoPunks and Pudgy Penguins, two Ethereum-based NFT collectibles, have taken the lead in sales within the past day.
CryptoPunks Surpass Bitcoin Ordinals
CryptoPunks and Pudgy Penguins have outperformed Bitcoin Ordinals, with CryptoPunks experiencing a significant surge in sales.
According to CryptoSlam data, CryptoPunks achieved sales totaling $1.25 million, marking an impressive 811.95% increase in the last 24 hours. The sale of CryptoPunks #741, valued at $792,046, was a major contributor to this surge.
Pudgy Penguins’ Rise
Similarly, Pudgy Penguins witnessed a substantial increase in sales, reaching $476,857, representing a 356.46% gain over the same period. Notably, Pudgy Penguins have expanded beyond the digital realm, with over 1 million plushies sold in the last year.
Pudgy Penguins CEO Luca Netz expressed surprise at the project’s success, highlighting their crossover into physical retail markets.
Pudgy Penguins have strategically entered retail stores like Target in the United States to broaden their consumer base.
Toys available at Target are from the community Penguins collection, with licensing leveraging their NFT platform, OverpassIP. Each toy includes a QR code “birth certificate” linking to Pudgy World, enhancing buyer engagement.
Decline in Bitcoin Ordinals Interest
In contrast, Bitcoin Ordinals have seen a decrease in interest as Ethereum-based NFT sales surged.
While Ethereum’s blockchain recorded a 46.71% increase in NFT sales, reaching $5.95 million, Bitcoin Ordinals experienced a 20% decline to $5.07 million.
However, in the previous month, Bitcoin NFTs outperformed Ethereum NFTs, with Runestone gaining significant popularity.
Runestone, utilizing Bitcoin’s UTXO model to minimize blockchain data, became the top NFT collection by trading volume in April. This success highlights the potential for innovative approaches within the NFT space.
