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Peter Thiel, Founders Fund Lead $11M Investment In Pudgy Penguins Parent Company: 'Excited to Drive the Consumer Crypto Revolution Forward'

Benzinga ·  Jul 24 23:23

The parent company of well-known non-fungible token collectionPudgy Penguinshas raised $11 million from investors includingFounders Fundto help launch a consumer-focused blockchain for the mass adoption of cryptocurrency.

What Happened:Since being acquired byLuca Netzfor 750 Ethereum (CRYPTO: ETH) in 2022, Pudgy Penguins has emerged as a leading NFT collection, with its consumer products now available in major retailers worldwide.

The company has launched plushies, keychains, blind bags and more inside the likes ofWalmart Inc(NYSE:WMT),Target(NYSE:TGT),Five Below(NASDAQ:FIVE) and onAmazon.com Inc(NASDAQ:AMZN).

Now the attention...

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