Pudgy Penguins Denies OpenSea Acquisition Rumors Amid NFT Market Revival

Pudgy Penguins has swiftly dismissed speculation about acquiring OpenSea, clarifying that no such deal occurred. The rumors gained traction after resurfaced comments from CEO Luca Netz hinted at potential interest in the NFT marketplace last October.

The NFT sector shows robust recovery signs, with trading volumes surging across major collections like CryptoPunks and CryptoBatz. Pudgy Penguins continues expanding beyond digital assets, bridging into physical merchandise through its Pudgy Toys line.

Market observers note the timing coincides with OpenSea's recent token policy adjustments, though neither party has indicated any acquisition discussions. The denial comes as NFT projects increasingly explore cross-platform synergies and real-world integration strategies.