The Pudgy Penguins NFT project has achieved significant global IP status following strategic initiatives led by Luca Netz. Since acquiring the project in 2022, Netz has driven its transformation by commercializing toys and launching the PENGU token, now the fourth largest memecoin worldwide. The project is also exploring traditional finance markets with plans for an IPO and hybrid NFT-token ETFs. Pudgy Penguins has further expanded its influence by collaborating with major Web2 brands such as Lotte and LINE FRIENDS, enhancing its global presence. The project aims to establish itself as a leading global IP, utilizing blockchain technology and community engagement to create sustainable business value beyond mere speculation.