Crypto Project Pudgy Penguins Appears on the Sphere Dome in Las Vegas

RBK-cryptoPubblicato 2025-12-25Pubblicato ultima volta 2025-12-25

Introduzione

Popular NFT project Pudgy Penguins has achieved a major marketing milestone by placing its advertisement on the exterior of the Sphere in Las Vegas, the world's largest spherical LED media platform. The project, which began as a flagship NFT collection on Ethereum, has transformed into a global retail brand by 2025. It now boasts global sales of toys, partnerships with retailers like Walmart and Amazon, the release of animated content, and the launch of its PENGU token on the Solana network. The project has deliberately avoided crypto-themed advertising for this campaign, focusing instead on its physical goods and animated content without mentioning tokens or NFTs. This contrasts with a previous attempt by the Dogwifhat (WIF) meme coin community to run a similar campaign, which was rejected by Sphere despite raising $700,000. The floor price for a Pudgy Penguins NFT is currently around 4 ETH (approximately $12,000). The PENGU token was one of the top-performing major crypto assets in 2025, though it later corrected by more than 70% from its July peak alongside most altcoins. Its previous growth was accompanied by the launch of the Pengu Clash mini-game on Telegram and partnerships with Lufthansa and NASCAR. The project also gained significant attention when dozens of executives from major crypto companies temporarily changed their social media avatars to Pudgy Penguins images.

The team behind the popular NFT project became the first in the crypto industry to secure advertising placement on the world's largest LED screen

The characters of the Pudgy Penguins brand have become part of the outdoor advertising on the giant LED screen Sphere — the world's largest spherical media platform, located in Las Vegas.

Animation on the LED screen of the Sphere in Las Vegas. Source: pudgypenguins / X

The Pudgy Penguins project began as one of the flagship NFT collections on the Ethereum network, but by 2025 it had transformed into a retail brand with global sales of toys, partnerships with retailers Walmart and Amazon, the release of animated films, and the launch of the PENGU token on the Solana network.

NFT (non-fungible tokens) — these are unique digital objects with ownership confirmed on the blockchain. They became part of the crypto-mania of 2021-2022, when images, videos, and other collectible tokens on the Ethereum or Solana networks were sold for hundreds of thousands of dollars.

The project avoided a ban on crypto advertising from the sphere's operators by focusing on physical goods — toys, merchandise, and animated content, without mentioning tokens or NFTs. Earlier, an attempt by the Dogwifhat (WIF) meme coin community to run a similar campaign was rejected, despite raising $700 thousand for it.

The minimum price (floor price) for one NFT image from the collection is 4 ETH (about $12 thousand), according to CoinGecko data on December 25th.

RBC-Crypto Telegram channel — subscribe and stay up to date with the most important and current news about cryptocurrency.

Join the RBC-Crypto forum on Telegram to discuss news and trends in the crypto world.

The PENGU token showed one of the best growth results among major crypto assets in 2025, but by the end of the year, along with most altcoins, it corrected by more than 70% from its July peak.

That period of growth was accompanied by the launch of the game Pengu Clash as a mini-app on Telegram, a partnership of the project with the airline Lufthansa and the organizer of NASCAR auto races. The same period was marked by a mass flashmob when dozens of leaders and managers of large crypto companies temporarily changed their avatars on social network X to images of Pudgy Penguins.

Volatility interrupted. How the price of bitcoin changed over 10 years at Christmas

AI beat people in a crypto trading tournament. What were the results?

"Capitalization" of miners was called a bullish factor for bitcoin. Why?

Letture associate

VCs on 2025 Crypto Investments: 84% of 118 Tokens Break Issue Price, Only One Type of Company is Quietly Making Money

Crypto investor Ching Tseng categorizes the market into four quadrants based on two axes: crypto-native vs. traditional finance (TradFi)-oriented, and having traction vs. no traction. In 2025, 84.7% of 118 tracked token launches fell below their issuance price, with a median fully diluted valuation drop of 71%. Crypto-native projects without traction are experiencing massive capital destruction, often relying on speculative narratives without sustainable revenue or user retention. Crypto-native teams with traction, often built in prior cycles, generate real revenue but face structural challenges with their tokens lacking direct value capture mechanisms. While some have implemented successful buyback programs, the core issue remains finding growth beyond crypto volatility. TradFi-oriented startups without traction face long, costly enterprise sales cycles but benefit from a robust M&A environment, with crypto acquisitions reaching a record $8.6 billion in 2025. The current winners are TradFi-oriented companies with traction, particularly in the Real World Asset (RWA) tokenization space, which grew from $5.5B to $18.6B in 2025. They are winning through enterprise sales, building alliances, and improving unit economics on established compliance stacks. Their main risk is being bypassed by large incumbent institutions building their own infrastructure. The overarching theme is market maturation, where narrative alone is insufficient for long-term success.

marsbit16 min fa

VCs on 2025 Crypto Investments: 84% of 118 Tokens Break Issue Price, Only One Type of Company is Quietly Making Money

marsbit16 min fa

Trading

Spot
Futures
活动图片