TLDR:
- Pudgy Penguins collaborates with Nasdaq-listed Sharps to integrate NFTs with chain board strategies.
- Sharps Technology adopts Solana-based Treasury and collects $ 400 million through pipe financing led by Cantor Fitzgerald.
- Partnership aims to increase institutional crypto adoption through Pudgy Penguin’s brand and treasury tools.
- Pudgy Penguins utilizes its NFT IP to connect retail and institutional users to digital access system.
Pudgy penguins and Nasdaq list Sharps Technology Has announced a partnership that examines the integration of NFT with institutional classes on the chain. The collaboration intends to merge the cultural address of the Pudgy Penguins brand with Sharps Sola-based Treasury System.
In accordance with For Wu Blockchain, this effort is trying to improve brand visibility while giving institutional investors new ways to get involved in digital assets. The project continues Pudgy Penguin’s development from a community NFT project to a consumer brand with several chains.
Both teams emphasize structured mechanisms on the chain to connect retail and institutional users to their ecosystem.
Pudgy Penguins: NFT expansion and ecosystem development
Pudgy Penguins started in July 2021 at Ethereum and started as an NFT collection with 8,888 avatars. The project received attention for its distinct visual style and active society.
In 2022, entrepreneur Luca acquired the Luca Netz project and shifted its focus on developing a global web3 consumer brand. The team later introduced Pudgy World, a virtual interactive space, and was expanded to physical products available at over 10,000 retail sites, including Walmart and Target.
2024 released Pudgy Penguins its Ecosystem token, penDesigned with cross -chain functionality, betting rewards and a deflation structure. Official sources note that the token aims to strengthen the value of the Pudgy Penguins brand at the same time as the government tools for society.
Over time, the project has secured institutional support and gradually creates a multi -chain ecosystem that mixes NFT, physical retail products and assets on the chain.
Sharps Technology: From Medical Technology Products to Digital Asset Strategies
Sharps Technology, listed as STS on Nasdaq, originally focused on medical technology products and smart security syringes. In 2024, the company shifted the allocation of digital access and used its existing business model as a basis for participating in strategies on the chain.
In 2025, Sharps adopted Solana Digital Asset Treasury Strategy and collected over $ 400 million through a pipe financing round led by Cantor Fitzgerald and acquired more than 2 million sun.
The strategy has attracted institutional participants, including paraphia, Pantera, Monarq and Falconx. Sharps’ Solana-based Treasury Initiative has received support from the Solana Foundation and positioned the company as a publicly listed leader in SoL-focused Treasury Allocation.
According to Wu Blockchain, this feature has enabled Sharps to combine traditional corporate resources with new assets on digital assets.
The partnership between Pudgy Penguins and Sharps Technology will integrate Pudgy Penguin’s brand IP with STSS’s Treasury system. Public statements indicate that this integration will increase interactive opportunities for both retail and institutional users.
Sharps aims to exploit the cultural influence of Pudgy Penguins to raise awareness and commitment around their Solana Treasury initiatives.
As adoption of web3 grows the collaboration highlights the potential of mixture of NFT brands With structured financial tools on the chain. Both teams see value in connecting digital asset platforms with recognizable consumer IPs, which creates new ways of commitment, governance and resource coordination.
Wu blockchain reports that the move signals growing intersections between culturally driven NFT projects and institutional crypto mechanisms.
