By adding cross-chain technology to its colony, Pudgy Penguins can get the best of both worlds: provenance and user experience
Pudgy Penguins — an Ethereum-based NFT collection of 8,888 hand-drawn penguins — officially became cross-chain today.
- Pudgy Penguins expanded its vision to other platforms today, starting with Arbitrum, Polygon, and BNB Chain.
- LayerZero Labs developed the technology to make cross-chain bridging for the Lil Pudgys possible.
- This expansion sets the grounds for the Pudgy Penguins’ ecosystem to grow, opening up exciting opportunities for a smooth road ahead.
- Lil Pudgys’ soulTransport technology will automatically reward those bridging with a Soulbound Token.
Unwrapping Pudgy Penguins Expansion
Although Ethereum is a fantastic platform for maintaining the authenticity and history of non-fungible tokens (NFTs), the network is “only built to withstand the test of time and could be more beginner friendly,” according to Pudgy Penguins itself.
Following up with this concern, the NFT project partnered with LayerZero, an omnichain interoperability protocol that makes going cross-chain possible. Thanks to joining forces, the Pudgy assets can now huddle across three chains.
What’s Cool About Cross-Chain Bridging?
There are tons of advantages for these Penguins as they move across chains. Bridging allows for great interoperability between blockchain platforms. Therefore, the assets are now usable across multiple ecosystems, rather than just one.
Another benefit includes increased liquidity. As the Lil Pudgys transfer between different chains, the market’s liquidity increases, making it easier for buyers to buy and sell these digital assets.
On the other hand, they can reach a broader target market, as they are now tradeable on different platforms.
“Our endgame as Pudgy Penguins is to build a household brand that hundreds of millions recognize through our cultural resonance and mass appeal. To achieve that, we’re focused on building for the next paradigm of Web3. The first step towards that vision is to make Pudgy assets readily available for as many Web3 users as possible,”says Pudgy Penguins in a blog post.
Broadening out to cross-chains also helps mitigate scalability problems that some blockchains face, as these digital assets can move to another chains when facing congestion issues — allowing users to become a part of another ecosystem without the worry of unwanted gas fees.
The Future of Lil Pudgys
Pudgy Penguins opens up a positive future for all three chains by breaching its horizons to more blockchain networks.
In addition to going cross-chain, the digital assets’ soulTransport technology will also automatically reward its customers with a Soulbound Token based on which chain the Lil Pudgy joins.
To reap the benefits, all collectors need to do is transfer their Pudgy NFT on the Pudgy Bridge website, select their NFT, and cherry-pick their chain of choice.
Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.