Real Question: Are We Too Old for This?

TL;DR

Over the previous yr or so, the Pudgy Penguins staff has launched a bunch of plush toys and collectible figurines for ~$30 every, that are at present being stocked throughout 2,000 shops.

It’s nice that the venture is doing nicely, significantly provided that the Pudgy Penguins plush toys launched in the midst of a bear market, when curiosity in NFTs had been at an all-time low.

BUT, right here’s what’s kinda bizarre about the entire thing: Can we actually name this ‘product/market match’ when the overwhelming majority of Pudgy Penguin NFT holders are 20/30 one thing yr previous dudes? We’re torn…

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You recognize that scene from The Workplace the place Ryan talks about his goldfish dying, again when was a child?

As his dad and mom are giving the fish a funeral, he sits there and thinks:

“I’m too previous for this.”

Effectively, proper now, we really feel a bit like Ryan.

In 2021, the Pudgy Penguin venture launched a bunch of NFT characters that gave entry to their neighborhood referred to as “The Huddle” on the Ethereum blockchain.

They offered out inside minutes, and now the value flooring for these NFTs is $27K.

(Spectacular!)

What’s extra spectacular is how the Pudgy Penguins venture entered the mainstream.

The staff launched a bunch of plush toys and collectible figurines for ~$30 every, that are at present being stocked throughout 2,000 Walmarts and Scorching Subjects.

Plus – every plush toy offers the proprietor entry to a web based gaming neighborhood.

Here is what’s superior about all of it:

First – over-the-counter merchandise that seamlessly onboard of us into Web3? That is superior! Hats off to the Pudgy Penguins staff.

Second – the venture is definitely doing rather well, which is especially spectacular provided that the Pudgy Penguins plush toys launched in the midst of a bear market, when curiosity in NFTs had been at an all-time low.

Now, right here’s what’s kinda bizarre about the entire thing:

We now have to ask the query…

Can we actually name this ‘product/market match’ when the overwhelming majority of Pudgy Penguin NFT holders are 20/30 one thing yr previous dudes?

(We’re torn right here).

Trigger on one hand, we do not need to be moist blankets – the Pudgy Penguins model is a cut-and-dried Web3 success story.

…on the opposite…

We will not assist however really feel like five-year-old Ryan at his goldfish’s funeral.

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