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Ousted Pudgy Penguins Co-Founder Sells 44,444 NFT on Robinhood Chain
Cole Villemain, former co-founder of Pudgy Penguins, sold a 44,444-piece NFT collection on Robinhood Chain, generating approximately $1.28 million in less than an hour. The sale's on-chain data indicates a higher total value than initially circulated, though the contract's source code remains unverified.
AS1 NewsSource: thedefiant.io
PUDGY
NFTCole Villemain, a co-founder of Pudgy Penguins who was voted out by holders in January 2022, conducted a significant NFT mint on Robinhood Chain early Tuesday. The collection, consisting of 44,444 tokens, was sold out in under an hour, with on-chain data estimating the total proceeds at around $1.28 million. This figure exceeds the previously circulated estimate of $755,000, highlighting the event's substantial financial scale.
Despite the high value, the source code of the Spritehood contract used for the mint remains unverified, raising questions about transparency and security. The sale demonstrates ongoing activity and interest in NFT projects on Robinhood Chain, a blockchain platform that continues to attract creators and collectors.
Villemain's sale marks a notable moment in the NFT space, reflecting both the market's capacity for large-scale collections and the importance of contract verification for security. The event underscores the evolving landscape of blockchain-based digital assets and the significance of on-chain transparency.
The sale highlights active NFT minting on Robinhood Chain and raises questions about contract verification, with potential implications for security and transparency in NFT projects.