The world of cryptocurrencies is about to see a new familiar face in the Web3 gaming space.
Pixelverse, a blockchain-based gaming platform, has announced the integration of the iconic Pudgy Penguin character into its Telegram mini-game.
This collaboration will allow players to embody Pudgy. The latter will join other popular characters like Doge from Dogecoin and Mew from the memecoin Solana MEW.
Pixelverse welcomes Pudgy Penguin
The arrival of Pudgy on Pixelverse marks an important milestone for both projects. For Pixelverse, it is an extension of its user base and engagement, integrating a strong and passionate NFT community.
For Pudgy Penguins, it is a new opportunity to offer its holders an immersive gaming experience and increase the visibility of the collection.
The integration of Pudgy Penguin precedes the official release of the Pudgy Penguins game scheduled for 2025. This highly anticipated game should immerse players in a rich and captivating universe. It will rely on the popularity and appeal of the Pudgy Penguins characters.
Despite the excitement generated by the arrival of Pudgy Penguin on Pixelverse, the overall NFT market experienced a slowdown during the second quarter of 2024.
An NFT market in decline in Q2
The volume of NFT sales decreased by 45% compared to the first quarter, dropping from $4.1 billion to $2.24 billion. This decline represents the lowest quarter for NFTs since the third quarter of 2023.
This slowdown is explained by various factors, including rising interest rates, global economic uncertainty, and financial market volatility. However, some industry experts claim that it is rather a natural market correction after its explosive growth in recent years.
Despite this slowdown, projects like Pixelverse and Pudgy Penguins continue to demonstrate the long-term potential of NFTs and Web3 games!
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