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Netz Capital acquires Pudgy Penguins collection for $2.5 million By BTC Peers

by Mike Robinson

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Netz Capital acquires Pudgy Penguins assortment for $2.5 million

Over the weekend, Netz Capital’s Luca Netz bought the Pudgy Penguins NFT assortment for 750 ETH, or round $2.5 million. Whereas this will likely appear as if a small value to pay for an NFT venture, the gathering of 8,888 digital collectibles has suffered months of neighborhood turmoil and even ousted management.

Netz positioned his provide of 750 ETH on the desk in January, asking the controversial founding father of Pudgy Penguins, Cole Villemain, to make his transfer.

Following the acquisition, Netz will now lead the venture, in addition to obtain all future royalties from secondary market gross sales.

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