Striving for Greatness. @pudgypenguins @iglooinc
Los Angeles, CA
Joined December 2016
- Tweets23.2K
- Following9.8K
- Followers228K
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Pinned Tweet
If they ask you βwhy $PENGU?β
Send them this π§
The Peng Pal Mafia strikes again. Amazing work by the @whop team. Truly some of the best entrepreneurs out there. πππ
Whop has raised $200M in Series D funding at a $5.1B valuation, backed by @sequoia and @shopify.
It really feels like we are barely touching the tip of the iceberg in a market larger than anyone can imagine.
We first launched Whop as a better way for us to sell sneaker bots, one of the most niche types of desktop software out there.
Total TAM? Probably $20,000 per day.
Who cares, tiny market.
But, what people discounted is the idea that there were actually 70,000 other markets exactly like that one.
Beyond the investment itself, I am especially excited to welcome legendary silicon valley investor @dougleone to our board of directors. Doug and the sequoia team are nothing but a brilliant, resourceful, and principled group of people.
My co-founder Cameron and I started building on Shopify when we were 13 years old. Shopify is one of the most impactful all-in-one cloud ecosystems ever created; @tobi has pioneered modern entrepreneurship the way we know it and we are thrilled to have him in our corner.
We have a tenet at Whop to be the dumbest in the room and I am very grateful that this has recently become a lot easier.
We are focused on markets, scale economies, and progressive media. If that is up your alley, please message me directly.
The $200M raised will support our expansion as we build economic infrastructure for the next century, continuing on our mission of delivering everyone an income.
Luca Netz π§ retweeted
JUST IN: $PENGU goes live on SoFi for 15M+ members
Users can now buy, sell and hold the Pudgy Penguins token through the nationally chartered bankβs platform.
Luca Netz π§ retweeted
If you have an active Blend loan tied to Pudgy Penguins or Lil Pudgys, send me a DM and we'll connect you with Gondi or walk you through the transition.
Gondi has led NFTFi innovation for years and weβre glad to work with them to help the Huddle transition from Blend.
If you're looking for additional liquidity to repay your NFT loans on Blur before the 11/12/26 cutoff, visit gondi.xyz.
For questions or specific asks, join the GONDI Discord or DM @signoreGondi.
Agreed. Please revoke permissions on @blur_io π
The Huddle is grateful to have you ππ§π©΅
This weekend I wanted to support one of my favorite collections during a difficult time. Decided to buy 117 Pudgy Penguins on chain to spread confidence for the community I have grown to love.
Wanted to support this OG project thatβs bringing happiness to many. The Huddle will stay strong.
Return to Pudgy Penguins.
Abstract is winding down.
Starting today, all of @IglooInc's focus will go towards taking Pudgy Penguins, Pudgy NFTs, and $PENGU to the next level.
When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto. Pudgy Penguins had shown us what it meant to reach the masses, and we believed we could bring that same approach to building a chain.
Abstract achieved a lot in a short period of time; we built the Portal and AGW, onboarded major global brands, amassed over 300 million transactions, and grew a vibrant onchain ecosystem.Β
The journey became stifled by the lack of a DeFi ecosystem, insufficient liquidity, minimal institutional cross-over, and prohibitively high costs that impeded growth in winning areas.
Unknown to most, Igloo, Inc. had been funding Abstract over the last 18 months.
After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of the biggest brands in the world, and building a community of millions, we still had not found product-market fit.
In combination with the market's reduced appetite for what we had built and not being able to find a scalable path forward, we could no longer justify taking from the Pudgy Penguins business.
Igloo, Inc. has always been a community-first company. Even after losing 8 figures, we could have launched a token or pursued an ICO.
Ultimately we decided against this. A token only works if there is something driving demand to it, and launching a token that we donβt have conviction in would have been a disservice to our community.
The entire team at Abstract has worked tirelessly with a tremendous amount of passion to make the consumer crypto vision come true. I cannot fault a single one of them for this outcome.
To the Abstract community, I want to thank all of you for sticking by our side on this long journey and for continuing to champion us. You supported us through all of the ups and downs, and I wish the result could have been different.
There will be many that will find satisfaction in seeing this shut down, and that is fine. I take a great amount of pride in having the ambition to venture into the chain business, notoriously one of the most difficult to make work, and the only regret I have is not being able to celebrate a win alongside the Abstract community.
As we wind down Abstract, our full focus shifts to making Pudgy Penguins into the global & cultural phenomenon I know it can become.Β
Return to Pudgy Penguins.
Luca Netz π§ retweeted
The Huddle is the heart of Pudgy Penguins.
Each month, we recognize the Penguins who go above and beyond for the community with a Most Valuable Penguin Soulbound Token.
Let's celebrate our September MVPs together π
Got my Pengu boba tea using my @pudgypenguins credit card π§
Luca Netz π§ retweeted
π§Pudgy Penguins took over again! π§π°π· @pudgypenguins @_LINEFRIENDS
Luca Netz π§ retweeted
Stopped by @kfteausa for some @pudgypenguins collab drinks
So much fud atm even though they are activating so much. IG socials are top notch, merch is π₯, collabs are on point.
