The NFT project Pudgy Penguins plans to raise $10 million

ChainCatcher message, according to a document obtained from The Block, the NFT project Pudgy Penguins is conducting a $10 million seed round financing, which will value the company at $50 million upon completion. The financing is being conducted through a Simple Agreement for Future Equity (SAFE) and includes token rights. The document also indicates that Pudgy Penguins will issue tokens in April 2024. However, its CEO Luca Netz denies that the project is raising funds. (The Block)