Luca Schnetzler, CEO of NFT project Pudgy Penguins, said the project will return some of the profits to token holders. The floor price of Pudgy Penguins has doubled this month, and the current floor price has reached 6ETH.
In November, according to a document obtained by TheBlock, Pudgy Penguins is negotiating with investors for a $10 million seed round of financing. If the financing is completed, its valuation will reach $50 million.
Pudgy Penguins chief executive Luca Netz vehemently denied the financing. TheBlock said the $10 million round will be funded through Simple Agreement for Future Equity (SAFE) and will come with tokenized equity. The document shows that Pudgy Penguins may issue tokens in April 2024.