Non-fungible token (NFT) mission Pudgy Penguins is winding down its cellular recreation Pudgy Celebration and halting additional growth.
In an X put up, the staff mentioned on Saturday that it will shift its gaming assets towards Pudgy World, a browser-based expertise which it described because the flagship gaming product for the Pudgy Penguins ecosystem.
“We’ve made the tough determination to wind down Pudgy Celebration and halt additional growth,” the staff wrote, including that Pudgy World provided higher potential for scalability and introducing new customers to the Pudgy Penguins model.
The cellular recreation launched in August 2025 and surpassed 500,000 downloads on Google Play alone. Pudgy Celebration mentioned complete downloads have exceeded 1 million.
Pudgy Penguins is consolidating its gaming ambitions round a single flagship product because the mission expands past NFTs by initiatives spanning toys, gaming, licensing and leisure.
Whole NFT market capitalization climbed to just about $1.5 billion on Monday from greater than $1.3 billion on Friday, in accordance to CoinGecko, however stays far beneath its 2022 peak of over $17 billion.
7-day NFT market capitalization knowledge. Supply: CoinGecko
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Pudgy Celebration’s wind-down comes as one other Web3 gaming mission, Fishing Frenzy, and its developer, Uncharted, introduced they might stop operations after failing to ascertain a viable crypto-gaming mannequin.
“Regardless of our greatest efforts, we have been in the end unable to show our thesis on crypto gaming and couldn’t discover product-market-business match,” Fishing Frenzy mentioned in an X put up on Monday.
The staff mentioned the corporate had spent the final 12 months testing approaches and totally different audiences, however had not discovered a path that impressed the arrogance to proceed.
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Fishing Frenzy will shut down its servers on June 25 at 2:00 am UTC. The mission has stopped promoting USDC packages and made its FISH token spend-only and untradable.
The staff mentioned that the USDC remaining within the FISH/USDC liquidity pool could be redistributed to group members and stakers.
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