On this episode of Rehash, we speak with Luca Netz, CEO of Pudgy Penguins, about how to take crypto to the mainstream, strategies for building for longevity, and Luca shares some alpha on the biggest mistake crypto founders make that results in the demise of their project.
Pudgy Penguins is an NFT pfp project on Ethereum that was launched in July 2021 and purchased by Luca in April 2022 for 750 ETH, or around $2.5M USD.
Pudgy Penguins is really the only NFT project to have reached the mainstream in any meaningful way, with their figurines and plushies now being sold in Walmart stores across the country.
They’ll also be debuting a couple of new things they’ve been working on soon, namely Overpass and Pudgy World, which Luca shares more about in this episode.
If you’re a Pudgy Penguins holder, you will love this episode, and if you work in crypto in any capacity, you’ll be able to learn something new from Luca that you can put into practice straight away to help you find success in this industry.
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Rehash: twitter.com/rehashweb3
Diana: twitter.com/ddwchen
Luca: twitter.com/LucaNetz
Pudgy Penguins: twitter.com/pudgypenguins
LINKS
Pudgy World: lobby.pudgyworld.com/
Overpass: finance.yahoo.com/news/pudgy-penguins-ceo-unveils-licensing-140922249.html
Shark suit: x.com/pudgypenguins/status/1671987835518480386?s=20
TIMESTAMPS
0:00 Intro
2:55 Why did Luca bid on Pudgy Penguins for $2.5M?
5:26 Necessary ingredients for success
12:19 Growing an existing community vs building a new community
17:38 How to maintain culture through a bull run
23:57 Why toys?
26:54 Are toys crypto native?
31:11 Luca’s advice for NFT projects
35:43 Updates on Overpass and Pudgy World
39:02 How to license your Pudgy Penguins NFT
43:05 Pudgy Penguins rapid fire
43:27 Luca’s top 5 NFT projects to keep an eye on
44:58 How Luca crypto pills his offchain friends
46:06 Follow Luca
DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.