{"id":19124,"date":"2023-06-08T11:21:17","date_gmt":"2023-06-08T11:21:17","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/collectibles\/pudgy-penguins-luca-netz-nfts-need-to-shift-away-from-ponzinomics\/"},"modified":"2023-06-08T11:21:22","modified_gmt":"2023-06-08T11:21:22","slug":"pudgy-penguins-luca-netz-nfts-need-to-shift-away-from-ponzinomics","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/collectibles\/pudgy-penguins-luca-netz-nfts-need-to-shift-away-from-ponzinomics\/","title":{"rendered":"Pudgy Penguins\u2019 Luca Netz: NFTs Need to “Shift Away From Ponzinomics”"},"content":{"rendered":"
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Luca Netz<\/a> isn\u2019t afraid to call his shots.<\/p>\n

Fresh off the headline-grabbing success of the Pudgy Toys launch, which raised more than $500,000 in two days, the Pudgy Penguins CEO has his sights set well beyond simply dominating the Amazon toy charts.<\/p>\n

\u201cWhen we talk next, I will be the face of NFTs, and I\u2019ll be on the path to being the number one NFT project in the world with the highest floor price,\u201d he says. \u201cThat\u2019s really my objective.\u201d<\/p>\n

While still an ambitious assertion today, it would have sounded farfetched just a year ago when Pudgy Penguins was reeling from a scandal that drained the treasury and tanked the floor price. The project\u2019s subsequent revival has been one of the most impressive comeback stories the NFT space has seen.<\/p>\n

In a candid interview, Netz\u00a0details the highs and lows of bringing Pudgy Penguins back from the brink, his plan to dominate Web3 IP licensing, and why Pudgy Toys is a Trojan horse for mass adoption.<\/p>\n