Pudgy Penguins NFT enthusiast. OG / @PudgyEurope. Volunteering my time til this day. Steering @Pudgy_Ai. Here for the community, let's waddle together!🐧
Chillin' 🧊
Joined February 2012
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Pudgysaur retweeted
$NOID - Parano1d is a PoW chain that launched Aug 21, created by @ignotus_nemo and funded by a 10% cut of block rewards for its first three years. It showed up on WhatToMine and a couple of tiny exchanges, and the price went from about $0.002 (Sep 17) to $0.64 (Oct 20). Not a call. Some pockets of CT noticed, so I looked at the docs and the explorer. I’d never heard of it until this week.
The idea is about one thing: making it cheap to check a blockchain yourself.
Think of a blockchain as a shared account book. One way to check today’s balances is to start at page one and work through every payment.
Parano1d takes a different approach: the balances come with mathematical proofs your computer can check, showing the transactions followed the rules. You don’t have to take the bookkeeper’s word for it, but you don’t have to redo all their work either. A computer joining the network checks the headers and the proofs, downloads the verified current state, processes up to 18 recent blocks, and it’s in.
There are no conventional transaction signatures either; you prove you know a secret without showing it, while addresses and amounts stay public. The author says the whole stack is built to survive quantum computers. I haven’t found a published independent audit of the full cryptography. The mainnet is barely two months old.
But someone still has to make those proofs.
A producer must finish the proof before the hash race even starts. GPUs in a pool just search for nonces on a block someone else built. So "how many miners" tells you less than "who builds the blocks." I checked.
For the first 51 days, the reward was 50 NOID per block with a 20-second target. On Oct 11 it dropped to 16 with a 30-second target. Of the 11.1M NOID issued by Oct 24, 10.5M came out of those first 51 days. 95%. The reward keeps stepping down to a permanent 1 NOID per block; there’s no fixed supply cap.
118 addresses have ever mined a block. In my Oct 24 snapshot, five that first appeared within six blocks of each other on Aug 27 accounted for 62% of all blocks since genesis. A different address first won a block on Oct 16; in the Oct 25 snapshot it alone had 57% of the past week’s. Only 11 reward addresses appeared in that snapshot’s preceding 24 hours. A pool, a private operation, or anons with great timing? Addresses aren’t identities and the chain doesn’t say.
The project reports no premine, and the explorer’s reported issuance matches the published reward schedule. The 10% goes to two developer funds, about 1.09M NOID so far, and they publish reports. The first covers launch through Oct 16: about 25k NOID spent on early bug bounties, and 1M NOID locked in two timelocked vault contracts until block 490,000, around Jan 16. The contract files are public, with instructions for checking the locks.
Can you do anything today?
There’s an official desktop wallet for Mac, Windows and Linux with its own node. NOID pays network fees. You can send payments and use the built-in contracts, timelocked vaults among them, which is what the funds did with their million.
You can mine on a laptop with the official CPU miner, but treat it as an experiment, not income. GPU pool mining uses third-party software, including closed-source miners that charge their own fee. Buying: one small exchange does almost all of the volume.
What’s next is why I’m gonna keep looking:
Around Nov 4 (block 279,370) v2.1’s financial features activate: fixed-supply token launches, bonding curves, a DEX and NFTs. Launchpad tokens require NOID backing that holders can redeem by burning their tokens. When a curve graduates, its proceeds become permanent trading liquidity the creator can’t pull, though traders can still buy and sell against it. That’s the coin’s job in this economy. Whether anyone shows up to use it is the thing we can actually measure.
Anyone can verify this chain. One address won 57% of its blocks in the week to Oct 25.
Who’s behind it?
🫡
damn, ai is so smart it even realized I did a typo (random keystroke connection check)
techmology man. insane
Pudgysaur retweeted
Crypto has a strange memory.
When you make people money, you’re a visionary.
When you don’t, some suddenly call you a scammer.
But failure doesn’t erase everything someone has built. And disappointment should never erase gratitude.
Some personal thoughts on @LucaNetz, Abstract, and @pudgypenguins. 🐧
We celebrate ambition. We encourage people to dream big, take risks, and build something extraordinary. But when something doesn’t work out, suddenly everyone knows better.
Everyone becomes an expert. And the people who dared to try become the easiest targets.
But here’s something I genuinely believe.
We need more people who dare to build. Not fewer.
And we need to learn how to appreciate the journey, not just the outcome.
First, nobody is perfect. Not Luca. Not his team. Not you. Not me.
We all make mistakes. We all get things wrong. And sometimes our greatest lessons come from the things that didn’t work out.
That’s how we learn, grow, and become better.
Abstract didn’t become what we hoped it would. People lost money. I lost money too. Others invested their time, energy, creativity, and belief into something they genuinely wanted to succeed.
Their disappointment is real. Their questions are valid. And they deserve honest answers.
But let’s also appreciate everyone who showed up, built applications, created experiences, formed communities, and tried to push consumer crypto forward.
Those efforts weren’t meaningless just because the outcome wasn’t what we hoped for.
And let’s be honest about something else.
I know what Luca said about Abstract. I know how ambitious and bullish he was about what they were building.
And personally, I believe that’s exactly how a founder should feel about something they genuinely believe in.
You don’t build something extraordinary by starting with the assumption that it will fail.
You have to believe. You have to dream. You have to give people a reason to believe alongside you.
But yes, there were moments when that optimism may have created expectations that were simply too high. Sometimes the line between being incredibly bullish and overpromising becomes too thin.
We should be able to acknowledge that.
Communication matters. A LOT.
It’s something I’ve personally raised with Luca and the team before, especially after experiencing its importance firsthand.
Because sometimes it’s not just about the decisions being made. It’s about how those decisions are communicated to the people who believed in you.
And one thing I genuinely appreciate about crypto is the opportunity to connect directly with founders, CEOs, and the people building the projects we believe in.
I’ve had opportunities to meet Luca personally and exchange thoughts with him. Those experiences have shaped how I see him.
And from the Luca I’ve come to know, I’ve never had reason to believe he deliberately set out to deceive people.
That’s my personal experience. And it matters to me.
I don’t have to agree with every decision to believe in someone’s intentions.
And I don’t have to pretend someone is perfect to respect what they’ve accomplished.
Criticism is necessary. Accountability matters. But criticism should make things better, not become an excuse to destroy someone’s character.
And while we’re being honest, let’s remember the fundamentals of crypto.
DYOR. NO FOMO. Never invest money you cannot afford to lose. Treat every investment as money you might never see again.
These aren’t just slogans we repeat when markets are green. They’re principles that matter most when things go wrong.
They don’t excuse poor decisions, misleading communication, or failures of responsibility.
But personal responsibility doesn’t disappear the moment an investment goes against us.
Now, remember the $PENGU airdrop?
Roughly $1.5 BILLION in estimated value at launch. One of the most remarkable distributions this space had seen.
A moment that brought enormous attention, opportunities, and value to people across the NFT ecosystem.
And I genuinely can’t remember seeing anything close to the same amount of thoughtful, grateful, appreciative posts as the negativity we’re seeing today.
Maybe that says something about human nature.
Good news gets a moment. Bad news gets a headline.
Open a newspaper. Turn on the news. Scroll through your timeline.
Outrage travels fast. Gratitude rarely gets the same attention.
We’ve become so accustomed to discussing what’s wrong that we sometimes forget to appreciate what’s right.
And that’s something I wish we could change.
Because appreciation shouldn’t only exist when things are going our way.
And yes, let’s address the elephant in the room.
Some people came to Abstract to build. Some came for the technology, games, opportunities, and community.
And some came primarily hoping to farm another airdrop.
That’s legitimate. It’s part of crypto.
But hoping for free money doesn’t mean someone owes it to you.
An expectation is not a guarantee.
And not receiving another payday doesn’t erase the value of everything that came before it.
Now, there’s something about Abstract winding down that I think deserves a lot more consideration.
Just imagine having spent years pursuing a vision. Building a team, investing millions, dedicating countless hours, and putting your reputation behind something you genuinely wanted to succeed.
And then having to make the decision to let it go.
Do people honestly believe that’s easy?
If anyone wanted Abstract to succeed, I believe it was Luca and the people who poured their hearts into building it.
You don’t invest that much time, money, and energy into something because you want to watch it fail.
According to Luca, Igloo lost eight figures trying to make Abstract work.
Think about what that means.
This wasn’t just an idea that didn’t take off. It was an ambitious vision that required real sacrifices, real resources, and difficult decisions.
And at some point, they had to ask themselves whether continuing was genuinely the right thing to do.
They could have launched an Abstract token to raise more capital.
They chose not to.
Now imagine the reaction if they had launched one, watched it collapse, and left even more people holding the bag.
Would that really have been a better outcome?
We can debate the decisions that led here. We should learn from them. And the people affected deserve transparency.
But I also believe there’s something important about recognizing when a path is no longer sustainable.
Sometimes courage means starting something nobody else dares to build.
And sometimes courage means knowing when to stop something you desperately wanted to succeed.
One of the hardest things in life is accepting that believing in something with all your heart doesn’t automatically make it work.
And walking away from something you’ve poured so much into doesn’t mean you never cared.
Sometimes it means you cared enough to make the decision you never wanted to make.
I can only imagine how difficult that must have been.
And I genuinely hope that, when the time is right, Luca will share more of the reasoning, lessons, and difficult realities behind this decision.
Because clarity matters. And because I believe this experience can teach all of us something valuable.
But here’s where I want to shift the focus.
Let’s remember what DID work.
I’ve been part of the Pudgy Huddle for almost five years.
And you know what?
When I look back, I don’t think about charts, floor prices, or token balances.
I think about people. Friendships I never expected. Conversations that became connections. Strangers who became friends. Memories that no market movement can ever take away.
Some of the most valuable things this space has given me have never had a price tag.
And I’m genuinely grateful for every single one of them.
That’s what makes this community special to me. That’s what makes the Huddle feel like home.
And it’s one of the many reasons I’m proud to be part of it.
Now take a moment and really look at what Pudgy Penguins has accomplished.
Walmart. Target. Manchester City. NASCAR. Care Bears. PEZ. BE@RBRICK.
Millions of physical products sold. Thousands of retail locations. A recognizable IP reaching families, children, collectors, and people who have never owned an NFT.
Think about how extraordinary that really is.
The real breakthrough wasn’t getting crypto people to buy penguins.
It was getting people who know nothing about crypto to fall in love with them.
A digital collectible became something people could hold, gift, recognize, and love.
Something a child can pick up from a store shelf without ever knowing what Ethereum is.
Something that exists beyond wallets, charts, and speculation.
And that, to me, is one of the most beautiful things Pudgy Penguins has accomplished.
It has helped bridge the gap between Web3 and the mainstream world in a way very few crypto-native projects ever have.
It has given digital culture a recognizable face.
It has opened doors for artists, creators, collectors, and builders.
And it continues to show what’s possible when community, creativity, entrepreneurship, and genuine emotional connection come together.
That’s bigger than a floor price. Bigger than a token. Bigger than any single project.
That’s how cultural phenomena are born.
And here’s what makes me even more excited.
Look at how far we’ve already come.
Physical toys. Global retail distribution. Major brand partnerships. Children’s books. Comics. Animation. Gaming. Pudgy World. An entire universe of characters and stories beginning to take shape.
Now imagine where that could lead.
More games that introduce millions of people to the world of Pudgy Penguins.
Animated stories that children grow up watching.
Series on platforms like Netflix or Hulu.
Maybe one day, even a full-length Pudgy Penguins movie on the big screen.
More global partnerships. More physical experiences. More opportunities for the community. More people discovering the Huddle without even knowing what an NFT is.
I’m not saying any of those future milestones are guaranteed.
I’m saying that the foundation already built gives us a reason to dream about them.
Because that’s what truly recognizable IP can become.
Not just something people collect.
Something people grow up with.
Something that becomes part of their childhood, their memories, and their lives.
Imagine a generation that doesn’t remember when Pudgy Penguins was just an NFT collection.
They simply remember loving penguins.
That’s the kind of cultural impact I believe is possible.
And that’s why I remain incredibly bullish on Pudgy Penguins.
Not just because of what it could be worth.
But because of what it could mean to people.
Now, does Luca deserve criticism when things go wrong? Of course.
Should people ask difficult questions? Absolutely.
And I believe he’ll address more of those questions surrounding Abstract when the time is right. I genuinely hope he does, because everyone who believed in Abstract deserves clarity and respect.
But I also believe people deserve to be judged fairly, with the full picture in mind.
Not just by their most recent setback. Not just by the headlines. And certainly not by the loudest voices on the timeline.
Failure is not automatically fraud.
Ambition is not deception.
And disappointment should never become permission to dehumanize someone.
Here’s something I wish more people would ask themselves.
Have you ever tried building something from nothing? Have you ever risked your money, reputation, time, and peace of mind for something you genuinely believed in?
Have you ever had to admit that something you poured your heart into simply wasn’t working?
Because it’s easy to criticize from the sidelines. It’s easy to point fingers. It’s easy to be brave when someone else is taking all the risks.
But criticizing someone else’s courage doesn’t make you courageous.
And tearing someone down doesn’t mean you’ve built anything yourself.
We need people willing to try. People willing to learn. People willing to fail, get back up, and keep creating.
Because the world doesn’t move forward because people are perfect.
It moves forward because imperfect people have the courage to try.
And if there’s one thing I’ve learned from watching Luca over the years, it’s that he doesn’t lack ambition, determination, or belief in what he’s building.
Knowing the Luca I’ve come to know, I wouldn’t be surprised if this setback only strengthens his determination to show what he, the team, and Pudgy Penguins are capable of.
Not through arguments. Not through promises.
But through building, creating, delivering, and letting the results speak for themselves.
And I’m genuinely excited to see what comes next.
To Luca, the team, and everyone who has contributed to this journey, thank you.
For the countless hours. For the risks you’ve taken. For the opportunities you’ve created. For the doors you’ve opened. For the friendships you’ve made possible.
For bringing joy to people who might never have heard of NFTs.
And for helping turn a collection of penguins into something that means so much to so many people.
Not every decision was perfect. Not every dream became reality.
But that doesn’t make the effort, the achievements, or the memories any less meaningful.
And Luca, I want you to know something.
I’m not writing this as a goodbye. I’m not stepping away. And I’m not losing faith.
I’m here. I’m staying.
And I’ll continue supporting the Huddle, the team, and Pudgy Penguins wherever and however I can.
Because my belief in this community was never built on the expectation that everything would always go perfectly.
It was built on the people, the friendships, the shared experiences, the passion, and the extraordinary things we’ve already accomplished together.
I’m still grateful. Still believing. Still incredibly bullish on Pudgy Penguins.
And perhaps more excited than ever about what we can accomplish together.
A setback doesn’t erase a legacy.
One failure doesn’t define a person.
And one difficult chapter doesn’t mean the story is over.
Hold people accountable. Ask the difficult questions. Learn from what went wrong.
But never forget the human being behind the ambition.
Never let disappointment erase gratitude.
Celebrate the victories. Appreciate the people. Remember the good.
And when things don’t go according to plan, find the courage to learn, grow, and keep moving forward.
Because the most meaningful things in life rarely come from a journey where everything went perfectly.
They come from the people who shared it with us.
And the belief that there’s still something wonderful ahead.
I believe in the Huddle.
I believe in what we’ve built together.
And I still believe in you, Luca.
We’re not going anywhere.
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.
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 don’t 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.
Return to Pudgy Penguins.
Pudgysaur retweeted
I have decided to officially retire tonight from the Steel/Recycling business that I have helped build over the last 35 years and will go full time into posting Pudgy Penguin purchases for secret cash/NFT payments 🩵 💰 😂
Pudgysaur retweeted
The Lillest Pudgy
Free
🐧 Lil Pudgy #18247 BOUGHT
💰 6.000 ETH
🛒 OpenSea
👤 0x3220…4926 → 0xdeb5…c3b9
opensea.io/assets/ethereum/0…
Join the huddle: discord.gg/pudgypenguins
Pudgysaur retweeted
Never saw you support Pudgy once.
Abstract shuts down and suddenly you're the loudest Karen on the timeline.
Silent while they were building. Loud the moment there's something to complain about. Sit down and read the details.
In early 2022, @pudgypenguins was a dead project.
The community had voted out the founders. The project wallet was empty. The floor was under 1 ETH.
Luca Netz bought the entire thing for 750 ETH.
Four years later: Walmart shelves, a NASCAR car, the Las Vegas Sphere and San Diego Comic-Con.
People underrate how hard that is. Doge and Pepe were already famous memes before anyone gave them a ticker. Pudgy had nothing to borrow. No existing meme, no built-in audience, just a collection everyone had written off.
Luca's team turned that into the most recognizable crypto-native character in the real world.
The NFTs were just the beginning.
Retail:
- Pudgy Toys rolled out to 3,100 Walmarts, plus Target, Walgreens, Hot Topic, Five Below, Smyths in the UK and Amazon
- 1M+ toys sold
- VIBES, their trading card game, is in every Target in the US, with 15M cards in circulation
Sports:
- NASCAR partnership, with Pengu on Ricky Stenhouse Jr.'s #47 Chevy at the Southern 500
- NHL Winter Classic
- Manchester City
Entertainment
• Kung Fu Panda collab with DreamWorks
• Lil Pudgys animated series with TheSoul Publishing, the studio behind 5-Minute Crafts
• A children's book with Random House
• Their own comic trilogy, launched at San Diego Comic-Con
Brands and licensing
• Schleich figurines
• Visa, through the Pengu Card
• LINE FRIENDS, PEZ, Scrub Daddy, Kung Fu Tea
• Official trading cards with Kakawow
• IRL events from NYC to Tokyo
Then the Sphere. Dogwifhat holders tried to get their coin on it and couldn't. Pudgy got on for Christmas, as a toy brand.
That's the whole point. The outside world doesn't see Pudgy as a coin. It sees a character.
The numbers:
- 100B+ views across social media
- 50B+ views on GIPHY, at one point more than Disney
- 2M+ followers on Instagram
And NFT holders get 5% of net revenue when their penguin ends up on a product. That's real IP, not a roadmap.
Yes, Abstract is shutting down. Yes, Pudgy Party got cut.
They could have launched an Abstract token and dumped it on the community. Instead they ate tens of millions in losses, shut it down and put everything back into the brand that works.
That's discipline, not failure.
Last cycle's biggest NFT company spent the bear market selling off its IP. Pudgy spent it getting theirs into Walmart.
What the fuck has any other NFT project accomplished at this scale?
You can hate solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv . You can short it. You can question the valuation.
But pretending Pudgy Penguins haven't executed is pure cope.
And yes, I used Claude to get all these partnership details right. The list is humongous. Nobody keeps all of that in their head.
That alone should tell you something.
No crypto project has done more to bring IRL people into our community.
Well, well, well.
So, out of pure desperation @pudgypenguins team decided to order some paid promo from Adam?
Personally, I believe every single word, because nobody from Pudgy would ever lie, especially the people close to @LucaNetz or Luca himself. Abstract community can confirm it.
I wonder who the next whale from the shadows will be, the one who suddenly creates a fresh wallet and dumps another 1 million dollars into this dead scam project to buy it out.
It's a waste, man.
Pudgysaur retweeted
Seriously if you call people who’ve been part of the @pudgypenguins community since 4-5 years and before @LucaNetz scammers because you somehow think that he’s a scammer you seriously lost the plot.
There’s more to NFT communities than just the founders. @Azuki went through a similar shitstorm with the FUD around @Zagabond‘s background and history.
And just like it’s the case here it mostly affected the community negatively, while @Zagabond is just fine.
Both communities are full of awesome people, helping each other out, running events, creating art, navigating this space together, or just vibing about a similar thing they enjoy ♥️
When you’re asking for @Azuki or @pudgypenguins or @BoredApeYC or any NFT with an established or growing new community to go to zero and seize to exist, you wish for the destruction of much more than just some founders business. And you’re a miserable person for that.
The whole point of web3 communities is to be decentralized and bigger than just the team and company that may sit behind it. After all these years so many are still to short sighted to see it.
Communities are much bigger than just that! Some day, you’ll wake up to it.
Ser this isn’t about supporting Luca but about supporting penguins, which I happen to just like.
I’ve contributed to make charity auctions of @pudgypenguins art happen with @EtheriaChan honoraries with @cobie @Cryptopathic and @loomdart all the way back in 2021 way before Luca. And I recently ran (and am still running) a fully free for community (partially paid by me and partially pro-bono by @FroggyCyborg) and art campaign to bring some joy to a community of wholesome people throughout the bear. All while having not the easiest time myself because of having been scammed by a irl fren who abused my good heart.
How I feel trying to bring some positive and joy into the world and lives of others? Pretty good.
How do you feel being a toxic af miserable person that wants to spread that into the lives of others? I don’t call @RealPapii a toxic guy by association just because he happens to have you in his community. He’s done nothing but dope stuff for Quirkies. So why do you think that calling anyone who’s rocking a pudgy PFP (often since way before Luca even was around) a scammer by association is okay? Something seriously wrong with your thinking and the one person most in dire need of therapy is you @Duckster1414 …
legitimately building a analytics abstract app in swift.
There could have been no better time to do that.
Private analysis purposes only / the chain was / is super fun to explore lol
🕵️
Pudgysaur retweeted
Penguins were just fine and sitting way higher before abstract or abstract community were even a thing though. Like I get everyone is mad and the entire abstract shutdown was handled super far from well. That said what’s the point of all the FUD after you already sold? Abstract airdrop won’t be magically be summoned into existence by FUD, neither does it really affect the teams bottom line all that much. Most of that comes from web2 retail stuff anyways nowadays.
The only people you’re really hurting with FUD at this point are just the community and holders … who already got screwed over by the entire abstract debacle and the airdrop not happening. Especially people who are on blur loans are getting fcked over (don’t do blur loans people!) … and you get exactly what out of it? Just free your headspace and move on.
I held most of these Antarctic avians since mint week 5 years ago and way before @LucaNetz took over and before I knew who Luca or @ColeThereum were. I just wanna have fun with my NFT penguins sliding on the ETH blockchain. And all the non @pudgypenguins NFT collections that feature penguins are hideous af (Did you all ever see penguin fight club or party penguins? No? Ofc not, because a bunch of you out there these days only ever saw them as token poppers or airdrop boosters …).
I’m so tired of all the pointless and shortsighted FUD that keeps fcking over nobody else but the genuine penguin community … @ColeThereum and old team walked away mighty fine with millions and new team around @LucaNetz is printing bazillions in web2 or something.
So can you all please stop being too ignorant to understand the impact of your actions and just find something better to do with your life than FUD my beloved penguins all day?
Thanks, much appreciated!
As expected, @pudgypenguins has plummeted even harder. My last post was at 3 ETH, and now it's down to 2.5 ETH. 📉
This is what happens when you make promises to your community and fail to deliver.
I sold my Pudgy assets the day after the shutdown announcement, and honestly, I still think they're going lower.
To my Abstract friends who are still tied to Pudgy, protect yourselves. My prediction? 2 ETH next week. A huge portion of the Pudgy community is made up of Abstract users, and with the amount of FUD going around, buyer confidence is taking a hit.
Don't ignore the warning signs. 👀
In case you wondered—though you likely did not, since I have been inactive and focused on priority things (short)
The reason I do not use my big pudgy as a profile picture is not that I sold it.
It simply featured abstract clothing that felt mismatched with the season. 💀
Pudgysaur retweeted
For my OGs, the Cosmos comparison is hard to avoid.
Cosmos gave teams open-source SDK to launch their chains, and IBC let those chains connect directly. A chain could use both without touching the @cosmoshub or cosmos:native at all.
@near_intents is different. The contracts are public here too, but copying them doesn't get you the bridges, solvers or liquidity. To add a token, NEAR's docs tell projects to work with the Intents team and bring liquidity to a solver. Quantus is also building and auditing a whole new signing setup.
And there's a business in the middle. The standard fee on the swap service is 0.2%, and solvers earn their own spread. The exact economics can vary by partner and route, but still...
With Cosmos you could take the tech and never touch the Hub. Here the thing you want is the network around the tech.
cosmos:native, what could have been.
You know the posts from today: "NEAR is quantum-safe now." OK.
Not really, so quick overview of what’s actually going on.
@QuantusNetwork is a new chain that uses quantum-resistant signatures. It has one native coin, qubitcoin-2:native, and no smart contracts.
What it’s trying to do with @NEARProtocol is plug qubitcoin-2:native into NEAR Intents so people on other chains can swap into it and back out.
also: helps current qubitcoin-2:native holders find (exit) liquidity.
None of this changes how NEAR itself is secured. NEAR has separate work on quantum-resistant keys, for accounts only so far.
And Quantus integration isn't live yet - the Intents integration is still in development, with the audit in progress.
but real quick:
Quantus is trying to use the bridge/routing infra and solvers around @near_intents instead of building all of that on its own.
catch: none of this is free on NEAR’s side.
@ilblackdragon said earlier that each chain costs money to maintain and secure, needs solvers with liquidity, and is "not economic if volume with it is negligible." He also said new additions have been delayed while they work on security.
Can Quantus bring enough volume to be worth supporting?
Pudgysaur retweeted
The best part about @pudgypenguins has always been the people 🐧💕
Feeling very loved having genuine huddle friends fly into Malaysia just to spend time together
Special thanks to @afiqpengu for signing our Pengu & Polly 💕
Real friendships > everything 🫶
Had the pleasure of attending another incredible, beautifully hosted private dinner with the Malaysian Pudgy community.
@FoxyPenguinApe is really something else. 💚 thank you for everything 🫂
I built a Juice WRLD music player using Claude Opus 5 / 5.5 and it’s amazing.
It’s also way more than a music player. Everything is tracked based on metadata I luckily got access to (wave headers, etc.)— to keep it very simple, at least, haha.
This is a private-only project.
