Pudgy Penguin’s $9M seed round could point to a growing NFT industry

Pudgy Penguins isn’t the first NFT-focused company or collection to raise money. Pudgy Penguins, which reminds me of Club Penguin, was launched in 2021 and acquired by Los Angeles-based entrepreneur and web3 enthusiast Luca Netz in April 2022. Since then, it has expanded from 8,888 NFTs to a suite of real-life products and experiences providing collection owners live events, physical merchandise and licensing opportunities.