Pudgy Penguins CEO: The project will return a portion of the profits to token holders

ChainCatcher news, according to the Financial Times in the UK, the CEO of the NFT project Pudgy Penguins, Luca Schnetzler, stated that the project will return a portion of its profits to token holders. The floor price of Pudgy Penguins has doubled this month, currently reaching 6 ETH.

According to a document obtained by The Block in November, Pudgy Penguins is in talks with investors for a $10 million seed round financing, which, if completed, would value the project at $50 million. Pudgy Penguins CEO Luca Netz strongly denied the financing news. The Block reported that the $10 million round of financing will be conducted through a Simple Agreement for Future Equity (SAFE) and will come with token rights. The document indicates that Pudgy Penguins may issue tokens in April 2024. (source link)