The renowned NFT project Pudgy Penguins and the innovative NFT licensing platform OverpassIP have teamed up. They announced the launch of Igloo Inc., their newly established parent company. This strategic move aims to enhance their presence in the cryptocurrency sector. Furthermore, the collaboration seeks to simplify the entry process for newcomers into the crypto world.
Igloo Inc. is Focusing on User Accessibility
Igloo Inc. has committed to providing an approachable platform for those new to cryptocurrency. The company’s strategy focuses on ease of access, ensuring that new users can navigate the crypto landscape without being overwhelmed by the often volatile price changes of cryptocurrencies. Moreover, the company has set a significant goal to develop the largest onchain community. They aim to spearhead the consumer crypto revolution, utilizing the popularity of Pudgy Penguins as a springboard.
The company plans to deepen user engagement through licensing deals, a venture facilitated by OverpassIP’s expertise. Additionally, the firm hinted at upcoming projects that will expand its ecosystem, driving further growth and user engagement.
Market Response and Future Prospects
The market has shown enthusiasm for this new venture, with Pudgy Penguins experiencing a trading volume exceeding $1 million in the last 24 hours alone. The current floor price of the NFT stands at approximately 8.57 ETH, translating to around $28,407, with a robust market capitalization of about $252 million. These figures suggest a strong market confidence in the potential of Igloo Inc.
Over the next few months, Igloo Inc. is assured to complete this developmental cycle. They are gearing up for another significant push to realize their vision. The company aims to provide a seamless end-to-end user experience that could potentially bring cryptocurrency into the mainstream. Overall, with their clear focus and strategic initiatives, Igloo Inc. is well on its way to becoming a key player in the crypto industry, promising exciting developments for its community and stakeholders.
