I love that Pudgy Penguins are soaring. What’s the main catalyst for it? $PENGU What’s the reason behind this pump? $PENGU ETF? Pudgy is killing it with brand, & NFT x memecoin excellence but I think that for NFTs to come back, we need to see BAYC coming back Here’s why: Pudgy Penguins is winning because they penetrated web2 without being known as an NFT. They did it via GIFs & social media presence This allowed them to be likable in web2. Heck even my mom uses their GIFs without knowing they’re NFTs This allowed Pudgy Penguins as a brand to be likable in Web2. And that bode well for their NFTs & $PENGU to be likable in web3 too They mastered the brand flywheel. As they take their brand to a higher level, their NFTs and $PENGU follow and that’s great for Pudgy ecosystem as a whole But like I said, they’re not necessarily seen as NFTs in web2, that’s why they can succeed now What about NFT industry as a whole? Well, they’ve been getting the beating in web3 and in web2. People say they’re dead, or cringe and that won’t change until we see BAYC flipping the script for the entire NFT space BAYC is the face of NFTs for better or worse. When NFTs go up, people glorified BAYC. When NFTs crash, people laugh at BAYC They’ve been the face of success and failure of NFTs So if we want “NFTs” to go back, we need BAYC coming back and proving that NFTs can win. That way, web2 and web3 can respect NFT industry again No pressure here, @BoredApeYC 🫡

TLDR: BAYC is the face of NFTs for better or worse