- MYRIAD launches digital media ecosystem with Pudgy Penguins NFT contest offering two Lil’ Pudgys NFTs and 50 Faces of Web3 NFTs as prizes.
- Pudgy Penguins reported $10 million in physical toy sales through major retailers including Walmart, Target, and Walgreens.
- Contest participants earn points through platform activities, with each point counting as a raffle ticket for Lil’ Pudgy NFTs.
- Top 25 traders and predictors will receive Faces of Web3 NFTs, with specific tiebreaker conditions.
- Current Pudgy Penguins holders can claim bonus points: 2,000 points per Pudgy Penguin NFT (max 10,000) and 200 points per Lil’ Pudgy NFT (max 1,000).
Decrypt and Rug Radio’s parent company DASTAN introduced a new digital rewards program through their MYRIAD platform, partnering with NFT collection Pudgy Penguins for their inaugural community contest, according to an announcement Thursday.
The initiative marks MYRIAD’s first major collaboration in the NFT space, offering participants chances to win Lil’ Pudgys NFTs and Faces of Web3 NFTs through various platform activities. The contest structure emphasizes both trading performance and prediction accuracy on the platform.
NFT Integration and Reward Structure
The contest implements a dual-reward system:
- Two Lil’ Pudgys NFTs distributed through a raffle system
- 50 Faces of Web3 NFTs split between top traders and predictors
Ilan Hazan, Co-Founder and COO at DASTAN, highlighted Pudgy Penguins’ market performance: "Pudgy Penguins was Decrypt’s 2023 NFT Project of the Year, bucking the downward trend by building through the bear market."
The NFT collection has expanded beyond digital assets, generating over $10 million in physical toy sales through major retailers. Additionally, Pudgy Penguins announced plans for Pudgy Party, their first mobile game launching on iOS and Android in 2025, alongside their recent PENGU token introduction on Solana.
Participation Mechanics
Users can accumulate points through:
- Platform trading activities
- Accurate predictions in markets
- Existing NFT holdings (bonus points)
Current Pudgy Penguins holders receive preferential point allocations, with main collection holders eligible for 2,000 points per NFT and Lil’ Pudgys holders receiving 200 points per NFT, subject to maximum caps.
The contest’s scoring system employs specific tiebreakers, with trading performance and prediction accuracy serving as primary metrics. Winners in multiple categories will receive one NFT, with remaining prizes redistributed to maintain broad participation.
The program launches December 7, 2024, on the MYRIAD platform, integrating prediction markets with NFT rewards to incentivize user engagement.
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