stocky penguin, an Ethereum-based NFT collection, has partnered with LayerZero to enable cross-chain transactions. The project aims to reach millions of Web3 users by leveraging the functionality of various chains to help access them. Therefore, we chose to work with Polygon, BNB Smart Chain and Arbitrum. “Usage and exposure are increasing rapidly.”
Pudgy Penguins is natively based on Ethereum and consists of 8,888 hand-painted penguins with unique characteristics. Recently, the project has seen an increase in transaction volume, averaging around 2 million per day. However, this caused congestion on the Ethereum network, causing gas prices to rise by 1,000% of his. Therefore, the project feels limited by its current infrastructure as it tries to onboard millions of new he Web3 users.
For this to happen, “It will be easy for the next wave of users to interact and become part of the Pudgy Penguin ecosystem.” Additionally, users “An ecosystem where you don’t have to worry about huge gas bills.”
Thanks to cross-chain technology, the Pudgy Penguins community gets the best of both worlds. “Origin” and “User Experience”. As a result, we partnered with LayerZero, an omni-chain interoperability protocol that allows any project to go cross-chain. Using protocol technology, Pudgy Penguins can now move seamlessly across the Ethereum, Polygon, Arbitrum, and BNB smart chains.
There was a leak from the lab:
A portal has opened that allows Lil Pudgys to travel between chains…
Lil Pudgys is officially cross-chain 🧵 pic.twitter.com/16xVApFduo
— Pudgy Penguins (@pudgypenguins) January 25, 2023
Why Stumpy Penguin Chose Three Chains
In choosing Polygon, Pudgy Penguins said the chain has demonstrated good business development. Over the past few months, Polygon has been able to interact with his Instagram, Reddit, Robinhood, and more. It was this ability to attract a wave of new users to become part of the Web3 community that proved too appealing for Pudgy Peguins.
The project chose BNB Smart Chain (BSC) for its low gas rates and commitment to inclusivity, and Arbitrum for its suitability for DeFi development.
That said, after bridging the Pudgy Penguins NFT to any of the chains, you will receive a commemorative SoulBound token. This will serve as a souvenir that is forever tied to your wallet.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Basil is an avid fan of blockchain technology and all its innovations, and is passionate about sharing this story with his audience. He has spent over five years in the crypto space, specializing in research and creating his Web3 content for various media outlets around the world. His work has been published on top his websites such as NFT Plazas, usethebitcoin.com and the European Blockchain Convention. When not thinking about disruptive technology, Basil is busy exploring the outdoors.