Author: NingNing

Bold prediction that the NFT Renaissance in this cycle will start from the doubling of the Ape Floor Price. It will be detonated by Fat Penguin’s airdrop this month.

NFT, as the most symbolic digital consumer product of the 2020s, has just experienced a bear market that lasted much longer than other sectors, and even now it cannot It is completely asserted that the NFT bear market is over, but the NFT track shows no signs of dying.

On the contrary, the new NFT forces represented by Pudgy Penguins and the sloths and Bad Kid of the Commos ecology have established a strong presence in Yuga Labs by focusing on community building and IP construction. After the failure of the unlimited spin-off operation, it successfully explored a healthy development path, and the floor price and liquidity continued to grow against the trend during the bear market cycle of NFT.

Looking back at the brief history of Pudgy Penguins, we will find that Huddlers’ community governance capabilities and commercial operations are the two keys to the success of Pudgy Penguins. Pudgy Penguins has now transformed into a Web3 brand that owns both NFT and offline physical toy IP. Or we can compare it to Web3 Pop Mart.

But the Pudgy Penguins team is not resting on its laurels as one of the largest Web3 brands. Instead, it ambitiously launched an independent consumer chain, Abstract @AbstractChain, to become the largest distribution channel for Web3 goods and services by connecting developers, communities and users.

Abstract and chain abstract super financial APP Infinex @infinex_app, Peter Thiel, the King Maker of Vance and the Godfather of the Paybal gang, in this cycle Two heavyweight bets on the mass adoption of Web3 that he instigated is about to happen in the United States.

We focus on the Pudgy Penguins token $PENGOn the U airdrop, to measure the current situation of Fat Penguin and Ape, in terms of community awareness, IP influence, strategic planning and implementation capabilities, asset liquidity, price, etc., Fat Penguin has an obvious tendency to catch up from behind, and the FDV of $PENGU should not be low. At $APE's ~$1.9 billion, the price of each $PENGU should not be less than $0.021.

Pudgy Penguins issued a total of 38,504 NFTs to three series teams: Pudgy Penguins (8,888), Lil Pudgy (22,222), and Pudgy Rods (7,394).

The total circulation of Pudgy Penguins ~88.889 billion, 25.9% is allocated to the Pudgy community (NFT holders).

Pudgy Penguins are currently priced at 19.3E, Lil Pudgy is currently priced at 1.99E, and Pudgy Rods are currently priced at 0.82E.

If NFTs are weighted according to NFT price, each Pudgy Penguins NFT airdrops 2,002,934 tokens, Lil Pudgy airdrops 206,583 tokens, and Pudgy Rods airdrops 85,006 tokens

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Pudgy Penguins on current price basis The first airdrop recovery rate for NFT is ~58%.

Of course, the above is only a conservative estimate. It does not take into account factors such as the new currency premium, community consensus premium, and market risk preference premium. The actual return rate should be higher than 58%. Quite a few.