Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
No OpenSea deal—Pudgy Penguins says it’s all about partnerships

No OpenSea deal—Pudgy Penguins says it’s all about partnerships

Crypto.NewsCrypto.News2025/07/26 16:00
By:By Vignesh KarunanidhiEdited by Anthony Patrick

Pudgy Penguins has denied rumors about buying OpenSea, with its head of security, Beau, dismissing acquisition speculation and redirecting attention to the project’s major partnership strategy.

Summary
  • Pudgy Penguins deny rumors of buying OpenSea, calling speculation unnecessary
  • CEO’s past comments sparked OpenSea rumors, but no acquisition has taken place
  • Pudgy Penguins focus on global brand partnerships like Lufthansa and NASCAR

The clarification comes after community speculation linked the NFT project to the marketplace amid recent policy changes.

“Pudgy Penguins didn’t buy Opensea… chill,” Beau posted on X Saturday. “The scale of things planned for the Penguin is so large that you need not speculate on a single acquisition. Instead talk about partnering with Lufthansa and NASCAR, and go find the next great brand for us to proliferate with.”

Pudgy Penguins didn’t buy Opensea… chill.

The scale of things planned for the Penguin is so large that you need not speculate on a single acquisition.

Instead talk about partnering with Lufthansa and NASCAR, and go find the next great brand for us to proliferate with. pic.twitter.com/78ZmUZOyLe

— Beau (@beausecurity) July 26, 2025

Pudgy Penguins CEO had expressed interest

Speculation about a potential OpenSea purchase began circulating after multiple users referenced previous statements by Pudgy Penguins CEO Luca Netz, who had expressed interest in acquiring the marketplace.

Community members connected these comments to recent timing between Pudgy’s December announcements and OpenSea’s subsequent policy changes regarding token support.

The rumors showed the overall speculation about OpenSea’s strategic direction amid increased competition from platforms like Blur and Magic Eden.

However, Beau’s response definitively shut down acquisition theories while highlighting the project’s actual expansion plans.

Pengu NFT sales jump in 30 days

Pudgy Penguins has secured its position as the fifth-ranked NFT collection by 30-day sales volume with $23.09 million, posting growth of 336.17% in sales and 141.15% in transactions.

No OpenSea deal—Pudgy Penguins says it’s all about partnerships image 0 Pudgy Penguins NFT sales: Data from CryptoSlam

The collection recorded 545 transactions across 285 buyers and 327 sellers as per data from CryptoSlam.

The PENGU ( PENGU ) token has delivered strong performance with gains of 34.9% over 7 days, 80.8% over 14 days, and 333.5% over 30 days.

No OpenSea deal—Pudgy Penguins says it’s all about partnerships image 1 PENGU 30D price chart from CoinGecko

Beau’s response highlights Pudgy Penguins’ emphasis on brand partnerships over platform ownership, citing collaborations with major companies such as Lufthansa and NASCAR.

The partnership approach enables Pudgy Penguins to utilize existing infrastructure and reach a broader audience, rather than building competing platforms.

Beau’s call for community members to “find the next great brand for us to proliferate with” suggests an open approach to partnership development.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!