Pudgy Penguins NFT Project, Once Endangered, Proves Web3 Turnaround Is Possible

Pudgy Penguins, a non-fungible token (NFT) project made up of cute chubby birds, has experienced waves of success and mishap since its debut in July 2021, including a rapid downturn in price and sentiment as doubts surrounding the founders emerged later that year.

The community of holders, known as Pengus or “the Huddle,” was upset that the founders had failed to deliver on the project’s original roadmap. Their feathers were further ruffled after accusations arose that the founders had drained funds from the treasury.

This led to some very angry birds in the Huddle, who moved to oust the founders in a community vote in January 2022. This

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