4 days ago
Non-fungible token (NFT) task Pudgy Penguins is winding down its mobile crippled Pudgy Party and halting further development.
In an X post, the squad said connected Saturday that it would displacement its gaming resources toward Pudgy World, a browser-based acquisition which it described arsenic the flagship gaming merchandise for the Pudgy Penguins ecosystem.
“We’ve made the hard determination to upwind down Pudgy Party and halt further development,” the squad wrote, adding that Pudgy World offered greater imaginable for scalability and introducing caller users to the Pudgy Penguins brand.
The mobile crippled launched successful August 2025 and surpassed 500,000 downloads connected Google Play alone. Pudgy Party said full downloads person exceeded 1 million.
Pudgy Penguins is consolidating its gaming ambitions astir a azygous flagship merchandise arsenic the task expands beyond NFTs done initiatives spanning toys, gaming, licensing and entertainment.
Total NFT marketplace capitalization climbed to astir $1.5 cardinal connected Monday from much than $1.3 cardinal connected Friday, according to CoinGecko, but remains acold beneath its 2022 highest of implicit $17 billion.
7-day NFT marketplace capitalization data. Source: CoinGecko
Crypto games conflict to find sustainable concern models
Pudgy Party's wind-down comes arsenic different Web3 gaming project, Fishing Frenzy, and its developer, Uncharted, announced they would cease operations aft failing to found a viable crypto-gaming model.
“Despite our champion efforts, we were yet incapable to beryllium our thesis connected crypto gaming and could not find product-market-business fit,” Fishing Frenzy said successful an X station connected Monday.
The squad said the institution had spent the past twelvemonth investigating approaches and antithetic audiences, but had not recovered a way that inspired the assurance to continue.
Related: Binance to extremity NFT enactment connected exchange, displacement work to wallet
Fishing Frenzy volition unopen down its servers connected June 25 astatine 2:00 americium UTC. The task has stopped selling USDC packages and made its FISH token spend-only and untradable.
The squad said that the USDC remaining successful the FISH/USDC liquidity excavation would beryllium redistributed to assemblage members and stakers.
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