CoinDesk’s Tracy Wang reports Pudgy Penguin club votes to fire co-founders Cole Thereum, Tubbyfat

Just as the cryptocurrency market was experiencing a drop this week, Tracy Wang of CoinDesk reports that the incredibly successful NFT collection for Pudgy Penguins is facing an internal revolt. Why? Apparently, the NFT owners think the co-founders who go by the pseudonyms Cole Thereum and @Tubbyfat have failed to deliver on their promises of…

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The Rise of Randomly-Generated NFT Collections and Community NFTs: Buy your ticket to elite status?

As the nascent NFT evolves, one clear trend has emerged. The dominant players in the NFT market are mass producers of randomly-generated NFT collections of sets, typically 10,000 NFTs, that all involve the same visual character–bored ape, pudgy penguin, or crypto punks–in a set. Then a computer program randomly generates various differences in facial and…

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