DWF Ventures: Exploring 4 Key Trends in NFT Tokens
Pudgy Penguins
Pudgy Penguins introduced two related tokens: $PENGU (a community and meme token) and @Abstract_Eco (an L2 solution). In December 2024, $PENGU debuted on Solana, with over half the supply distributed to the community via airdrops. This anticipated distribution drove Pudgy NFTs to a record floor price of 35 ETH. Current data from @Dune reveals $PENGU has 615,000 on-chain holders.
AbstractChain, previously called Frame, is a zk-rollup L2 platform now under @IglooInc. Although its tokens are not yet live, both Abstract and Pudgy Penguins communities eagerly await its mainnet launch, slated for Q1 2025.
Azuki
Azuki recently launched the @animecoin ($ANIME) token, causing its NFT floor price to rise by 2 ETH. $ANIME operates on AnimeChain, an L3 blockchain tailored for anime, built on Arbitrum Orbit. Following a similar model to $PENGU, $ANIME plans to allocate over 50% of its tokens to the community, with the remainder unlocked upon release.
Memeland
Memeland, a Web3 gaming studio, has developed several games and NFT series. In April 2023, it introduced the $MEME token, which was airdropped across its NFT collections, including MVP, Captainz, and Potatoz. A year later, Memeland launched Memenet, an Ethereum-based L2 network, further expanding its ecosystem.
BAYC
@yugalabs, creators of @BoredApeYC and MAYC, launched $APE in May 2022, marking the first blue-chip NFT token. This governance and utility token powers the APE ecosystem.
In September 2024, Yuga Labs introduced ApeChain, an L3 network on @arbitrum Orbit, akin to Azuki’s AnimeChain. ApeChain followed the successful launch of $APE, aligning with the strategy of integrating tokens and networks.
