Pudgy Penguins NFT Integrates Into Pixelverse Mini-Game as NFT Sales Drop 45% in Q2 2024

The popular non-fungible token (NFT) collection, Pudgy Penguins, is making news again. Pixelverse has integrated the Pudgy Penguin character, “Pudgy,” into its mini-game on Telegram.

Popular NFT collection Pudgy Penguins continues to make waves in the crypto world. Recently, Pixelverse announced the integration of Pudgy, a character from the collection, into its mini-game on Telegram. This marks the latest development in a series of collaborations between Pudgy Penguins and other projects.

The integration of Pudgy into the Pixelverse game was announced on July 16. Players can now choose to play as Pudgy in the game. This collaboration follows the announcement of a partnership between Pixelverse and Pudgy Penguins, which will see the two projects collaborate on the upcoming Pudgy Penguins game, set for release in 2025.

NFT Sales Drop 45% in Q2 2024

The second quarter of 2024 saw a decline in NFT sales, with volumes dropping by 45% compared to the first quarter, according to data from CryptoSlam. The sales figures decreased from $4.1 billion in Q1 to $2.24 billion in Q2, marking the lowest quarter for NFTs since Q3 2023.

Commenting on the development, Anoir Houmou, founder and CEO of the Sui-backed video engagement platform RECRD, described it as a "correction cycle." Houmou noted that the market is undergoing a correction after years of rapid growth.

PixelTap Crosses 50M Users, Community Focus Remains Key

In other news, Pixelverse’s mini-game, PixelTap, has managed to attract over 50 million users within the first month of its launch. The game has highlighted the importance of community engagement within the Web3 gaming space.

Kori Leon, co-founder of Pixelverse, emphasized the significance of community, culture, and distribution in Web3 projects. "Over the years, we’ve seen a lot of infrastructure projects launch with grand promises but fail to onboard users beyond the Web3 community. For the ecosystem to succeed, it needs projects that are laser-focused on what makes them successful: community, culture, and distribution," Leon stated.

Pudgy Penguins’ Million Plushies, Hamster Kombat’s 239M Users

The Pudgy Penguins NFT collection continues to be a prominent force within the Ethereum-based NFT market. Despite the broader downturn in the market, the collection has maintained strong sales figures. According to data from CryptoSlam, Pudgy Penguins has recorded a sales volume of $12 million over the past month.

Luca Schnetzler, CEO of Pudgy Penguins, highlighted the collection's success in merchandise sales. Speaking on the matter, Schnetzler noted that they have managed to sell one million plushies based on the NFT collection in stores around the world. This achievement serves as a testament to the collection's enduring relevance.

Meanwhile, the TON-based game Hamster Kombat has achieved remarkable success, onboarding 239 million users in less than three months. Telegram founder Pavel Durov praised the game's potential in a recent statement on July 4, suggesting that it could pave the way for 200 million users to be introduced to blockchain technology.

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