- Pudgy Penguins has launched Pudgy Party, a mobile Web3 game that quickly rose to the top of Apple’s App Store and garnered over 50,000 downloads on Google Play.
- The game is a party-royale format built on the Mythos Chain on Polkadot, allowing players to earn in-game items that can be upgraded and fused into tradable NFTs.
- Despite the game’s success, the project’s PENGU token has fallen over 20% in the last month.
The popular NFT project Pudgy Penguins recently launched Pudgy Party, a mobile web3 game now available worldwide on iOS and Android, reaching the top 10 on Apple’s App Store and surpassed 50,000 downloads on Google Play.
The title is a party-royale format built around mini-games and customisable Pudgy Penguin characters, with support for both tradable and non-tradable digital items through Mythical’s Mythos Chain on Polkadot (DOT).
Players can mint, upgrade, and fuse rare items into NFTs, while seasonal events and global tournaments will offer additional competition. The first event, “Dopameme Rush”, began on August 29.
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Pudgy Penguins CEO Luca Netz said the brand’s goal is to expand community engagement through accessible multiplayer gameplay:
The heart of Pudgy Penguins has always been about connection and spreading good vibes. Bringing our beloved, viral characters to life in a mobile multiplayer game is an exciting step forward in our mission to create joyful, meaningful experiences for our growing global community. Pudgy Party is fun, accessible to players of all ages, and designed to bring people together.
Luca Netz, CEO of Pudgy Penguins.The game was first announced in May 2024. Users who pre-registered received a soulbound token, “Early to the Party”, as a non-transferable badge. This expansion comes a few days after the project teamed with LOL Land to launch Pengu Wonderland.
PENGU Price Falls Back
Despite the announcement, Pudgy Penguins’ PENGU token dropped nearly 4% on Friday, currently trading at US$0.028 (AU$0.035), a slight increase of 1.4% in the last 24 hours.
According to data from CoinGecko, PENGU has lost more than 20% over the past month, reflecting the wider downturn in NFT assets. Blue-chip collections including Bored Ape Yacht Club and Doodles also posted double-digit losses in August.
All in all, the NFT market weakened alongside Ethereum’s pullback, which went from an all-time high of about US$4,957 (AU$7,536) to US$4,300 (AU$6,536) today. Moreover, the NFT sector’s total market cap fell from US$9.3B (AU$14.1B) at the start of August to US$7.4B (AU$11.7 billion) at present.
Not all projects moved lower. CryptoPunks rose nearly 3 % during the same period, according to NFTPriceFloor, while BAYC fell more than 11 %. Pudgy Penguins, despite its token retrace, remains one of the more visible NFT brands, with physical merchandise such as toys and trading cards expanding its reach beyond crypto-native audiences.
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