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ColdPizza publicly challenged ColeThereum’s leadership. The Pudgy Penguins collection has an eventful history.
A total of 8,888 Ethereum NFTs belonging to the Pudgy Penguins collection have been sold for $2.5 million to Luca Netz of Netz Capital, who is now in charge of the project and will receive all future royalties. The Pudgy Penguins NFT is an example of a unique blockchain token that represents ownership of an asset, in this case an image of a penguin. NFTs like these are becoming more and more popular.
Netz stated, “I look forward to spreading love over the Meta in a statement released Saturday.” Founder Cole Villemain, otherwise known as “ColeThereum”, was just taken out of the project by a majority vote. Others have expressed concerns, noting that Netz was not well known in the Penguins community prior to the transaction. Despite this, many Penguins fans are excited about the deal.
The Pudgy Penguins collection has an eventful history. When ColdPizza – formerly known as 0xDarth – was promoted to community manager on December 11, he publicly announced that he was leaving the project because he and the project could not agree on terms of employment, including pay.
During a Twitter Space with 3,000 listeners, ColdPizza publicly challenged ColeThereum’s leadership, claiming that Cole paid him 1 ETH ($3,500 at the time of publication) to keep quiet about the Pudgy Penguins project. It was originally reported that Pudgy Penguins Whale 9x9x9 destroyed Cole’s leadership in a lengthy Twitter thread, claiming that the project was a “sinking ship” and that they were not interested in buying the collection for 888 Ethereum because the wallet was empty.
A new Pudgy Presents collection was unveiled on Christmas Day, and some Penguins fans weren’t happy about it. The eggs that hatched into rods were first referred to as “rays,” which many on Twitter have exploited as a play on words for “carpet” and “robust.”