Pudgy Penguins Launches Pudgy Swap

by Nik Asti

Published: July 17, 2023 at 5:30 am Updated: July 17, 2023 at 4:28 am

by Danil Myakin

Edited and fact-checked: July 17, 2023 at 5:30 am

In Brief

Pudgy Penguins has launched Pudgy Swap, a peertopeer trading engine for NFTs powered by Flip.xyz, which allows Huddle members to trade single and multiassets with zero fees and royalties, and provides direct communication, message sharing, and transparent transaction tracking.

The prominent NFT project, Pudgy Penguins, has recently unveiled Pudgy Swap, a new peer-to-peer trading platform specifically tailored to the Pudgy Penguins community. The platform, powered by Flip.xyz, fosters a seamless trading experience for both single and multi-asset swaps, all with zero fees and royalties.

This zero-fee structure sets Pudgy Swap apart, making it an attractive platform for traders within the Pudgy Penguins community. It also features user-friendly options such as adding messages and generating shareable links, which users can forward to their trading partners or friends. If a trading partner already has a Flip account, they’ll receive the trade offer notification directly in their app inbox, streamlining communication.

Pudgy Swap also promotes transparency and flexibility in the trading process. Users can accept or counter trade offers, ensuring a collaborative and interactive experience. After completing a swap, the platform shares transaction details with the user’s account. This keeps the ‘Huddle’ community informed about ongoing trading activities.

About Pudgy Swap

Introducing @PudgySwap, a simple solution for OTC trading.

OTC trades drive the collectors’ market and with PudgySwap, we are proud to offer our community a seamless way to find their Forever Pudgy. pic.twitter.com/aVidfntk82
— Pudgy Penguins (@pudgypenguins) July 16, 2023

Highlighting the growing importance of Over-the-Counter (OTC) markets, Pudgy Swap encourages direct engagement between buyers and sellers, eliminating the need for intermediary trading platforms. Traditionally, OTC markets catered to large-scale traders dealing in substantial amounts of cryptocurrency or illiquid assets. However, these markets have evolved to include various valuable assets not typically available on conventional platforms.

OTC markets now allow trading of various assets. These include project allocations, Discord and exchange accounts. Verifications and whitelists are also tradeable. The release used 2TOP OTC, a notable Telegram-based OTC trading platform, as an example to showcase the OTC trading experience. The platform places emphasis on rules for trade offers. This includes limits on daily messages per user. These rules help maintain a tidy and efficient trading environment.

Pudgy Penguins recently launched Pudgy Swap. This launch highlights their dedication to their community. They aim to enhance the trading experience for members. Pudgy Swap boasts a user-friendly interface. It also offers zero fees. The platform is packed with intuitive features. These features aim to empower the ‘Huddle’ members. Pudgy Swap is a secure, efficient platform. It’s built for peer-to-peer trading.

Pudgy Penguins, a NFT collection, has raised $9 million in a seed round to help scale their team and IP, which has already been licensed for live events and physical merch, and a toy line is in the works.

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About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

Nik Asti