Pudgy Penguins strikes major IP and merchandising deal with Walmart
The deal will see Pudgy Penguins—and their Web3 on-ramp features—on shelves in more than 2,000 Walmart stores.
Pudgy Penguins has announced a merchandising deal with retail giant Walmart that will introduce its IP to the megastore’s shelves in over 2,000 stores.
The Pudgy Toys—plush collectibles that will now be sold alongside legacy brands in Walmart’s brick-and-mortar stores—will offer access Pudgy World, a digital social experience on zkSync Era.
Said Luca Netz, CEO of Pudgy Penguins:
“Pudgy Penguins is at the forefront of transforming the toy industry, merging unique digital experiences with blockchain technology, like Ethereum and zkSync… Walmart’s inclusion of Pudgy Toys in their stores is a testament to the evolution of how consumers engage with brands in the digital era.
Pudgy World
The Pudgy Toys stocked in Walmart provide consumers with access to the multiplayer digital environment of Pudgy World, enabling users to interact, engage in gaming activities, and customize the Forever Pudgy character. Each toy comes with a unique “birth certificate” that users can use to claim singular traits for their digital Forever Pudgy character in Pudgy World.
Furthermore, the toy designs incorporate attributes based on IPs from globally recognized NFT collections, including Meebits and DeGods, thereby providing IP royalties to corresponding NFT holders for each toy sold.
Brittany Smith, Vice President of Merchandising – Toys at Walmart U.S., explained that the consumer desire for innovative trends drove the decision to stock Pudgy Penguins’ products. She said:
“We know our customers are looking for the latest trends and innovation to gift themselves or a loved one. Pudgy Penguins is bridging the gap between our physical and digital worlds of play for kids in a really engaging way and their price point is right in line with our goal of providing Every Day Low prices. I’m excited to add them to our assortment!”
Pudgy World is built on zkSync, a layer-2 scaling solution for Ethereum, allowing for faster and cheaper transactions. It operates using zero-knowledge (ZK) rollups, a mechanism through which most computations are done off-chain but verified on the main Ethereum chain. This ensures the same security level as Ethereum but at a fraction of the cost. Currently, zkSync is managed by its own team, but plans are in place to make it decentralized.
Jacob Oliver
Former Editor at CryptoSlateJacob Oliver is a recovering academic and English teacher turned crypto journalist and web3 writer. He holds a Ph.D. from the University of Washington.
News Desk
Editor at CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.
Latest Press Releases
Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.
Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.