Pudgy Penguins NFTs infighting turns ugly as crypto mania cools

Overall daily NFT sales peaked in late August, at US$411.5mil (RM1.7bil), according to data tracker NonFungible. Daily sales have since slumped to around US$57mil (RM239mil) with the crypto market losing about 40% of its market value since reaching a record high in early November. — AFP

The infighting is getting ugly among the Pudgy Penguins virtual community as one of the most successful non-fungible token projects gets swept up in the collapse in crypto prices.

Community dissatisfaction with the speed at which the founding team was developing the project come to a head in recent days with owners of the virtual collectibles seeking their ouster. That’s a far cry from July, when the cherubic-like cartoon creatures became an overnight sensation and were snapped up by buyers worldwide.