Pudgy Penguins has denied rumors of acquiring the Non-Fungible Token marketplace OpenSea, after speculation emerged on social media that the deal might have been completed in December 2024.
In a post on X on Saturday, Beau – the security chief of Pudgy Penguins – wrote: "Pudgy Penguins is not buying OpenSea... calm down."
He said the project has many big plans and is not focused on a single acquisition. "Let's talk about partners like Lufthansa and NASCAR, and find more amazing brands to develop together," Beau shared.
Pudgy Penguins is a collection of 8,888 penguin Non-Fungible Tokens launched in July 2021. The project has expanded to physical products with the Pudgy Toys line in collaboration with PMI Toys, allowing Non-Fungible Token owners to earn money from commercial use through the OverpassIP platform.
Rumors were fueled when X users recalled an old statement by CEO Luca Netz, including a post from October 2024 saying he wanted his company to buy OpenSea.
Some community members even suggested the deal might have happened quietly, due to the coincidental timing of Pudgy's announcement in December and subsequent new policies from OpenSea.
However, Beau rejected this hypothesis: "Honestly, buying OpenSea doesn't make sense for us right now," he wrote, emphasizing that the team wants to focus on confirmed steps rather than pursue speculation.
Currently, Pudgy Penguins is pushing its brand collaboration strategy, with partners like Lufthansa, NASCAR, and recently the Web3 game Pengu Clash launched on the TON blockchain, joining the competitive mini-game sector.
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The article Pudgy Penguins denies rumors of being acquired by OpenSea first appeared on CoinMoi.
