Pudgy Penguins has become an iconic case study in the NFT space, not just for the collectible value of its art, but for its ability to evolve into a media franchise that survived the bear market. This success didn’t come by chance—it came through a clear model that allowed their token to act as the core of a much larger ecosystem. While many NFT projects struggled to maintain relevance, Pudgy Penguins found its footing by turning the $PUDGY token into more than just a currency, using it to ex...