Real Question: Are We Too Old for This?

TL;DR

• Over the previous yr or so, the Pudgy Penguins workforce has launched a bunch of plush toys and collectible figurines for ~$30 every, that are at the moment being stocked throughout 2,000 shops.

• It’s nice that the mission is doing effectively, notably on condition that the Pudgy Penguins plush toys launched in the course of a bear market, when curiosity in NFTs have been at an all-time low.

• BUT, right here’s what’s kinda bizarre about the entire thing: Can we really name this ‘product/market match’ when the overwhelming majority of Pudgy Penguin NFT holders are 20/30 one thing yr outdated dudes? We’re torn…

Full Story

You recognize that scene from The Workplace the place Ryan talks about his goldfish dying, again when was a child?

As his mother and father are giving the fish a funeral, he sits there and thinks:

“I’m too outdated for this.”

Nicely, proper now, we really feel a bit like Ryan.

In 2021, the Pudgy Penguin mission launched a bunch of NFT characters that gave entry to their group known as “The Huddle” on the Ethereum blockchain.

They bought out inside minutes, and now the worth ground for these NFTs is $27K.

(Spectacular!)

What’s extra spectacular is how the Pudgy Penguins mission entered the mainstream.

The workforce launched a bunch of plush toys and collectible figurines for ~$30 every, that are at the moment being stocked throughout 2,000 Walmarts and Sizzling Subjects.

Plus – every plush toy provides the proprietor entry to an internet gaming group.

This is what’s superior about all of it:

First – over-the-counter merchandise that seamlessly onboard of us into Web3? That is superior! Hats off to the Pudgy Penguins workforce.

Second – the mission is definitely doing very well, which is notably spectacular on condition that the Pudgy Penguins plush toys launched in the course of a bear market, when curiosity in NFTs have been at an all-time low.

Now, right here’s what’s kinda bizarre about the entire thing:

We’ve got to ask the query…

Can we really name this ‘product/market match’ when the overwhelming majority of Pudgy Penguin NFT holders are 20/30 one thing yr outdated dudes?

(We’re torn right here).

Trigger on one hand, we do not need to be moist blankets – the Pudgy Penguins model is a cut-and-dried Web3 success story.

…on the opposite…

We won’t assist however really feel like five-year-old Ryan at his goldfish’s funeral.

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