After months of intense negotiations following the 3AC bankruptcy auction in June 2023, Spencer Ventures, a well-funded venture capital firm, is set to acquire 144 Pudgy Penguin NFTs for an estimated hundreds of thousands of dollars. 48 of the coveted Pudgy Penguins, as well as 48 Pudgy Rods and a 48 Lil’ Pudgys airdrops, will become the property of Spencer Ventures, with one specific NFT – the rare ice crown – fetching a top offer high on OpenSea of 6.6 wrapped ether, or approximately $10,500.
Gordon-Sand, a negotiator from Spencer Ventures, remarked that apart from many other NFT projects, Pudgy Penguins uphold a high long-term value, even if the current floor price – now under 5 ETH – has decreased from its previous all-time high of around 7.1 ETH Dollars.
The official transfer of these assets to Spencer Ventures is set to be made on Tuesday, representing a great acquisition and addition to an already stellar art collection.
