4.8 • 1.1K Ratings
🗓️ 3 February 2025
⏱️ 62 minutes
🧾️ Download transcript
In this episode of Bankless, Luca Netz, CEO of Pudgy Penguins, explores how meme coins are evolving beyond speculation. We discuss Pengu’s launch on Solana, Pudgy Penguins’ expansion into retail and gaming, and how GIFs with 300M+ daily views are driving mass adoption. Luca also shares why meme coins can be real brands and what’s next for Pudgy’s growing ecosystem.
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https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/24?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
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TIMESTAMPS
00:00:00 Intro
00:03:53 Opinion on Pengu token and its competitor
00:08:03 Reformatting the idea of a memecoin
00:12:32 Pudgy Penguins aren't just memes
00:16:09 Solana competitor vs Pengu
00:20:03 Impact of 30 Billion views on the GIFs on the brand
00:22:56 How does the GIFs system work?
00:25:27 GIFs working principle
00:27:13 Big brands doing SEO on GIFs
00:28:38 Non-crypto people using Pudgy GIFs
00:31:59 Physical Products of Pudgy Penguins
00:36:50 Other components of expanding the brand
00:38:56 How big is the conglomerate?
00:39:26 Choosing Solana L1 over L2
00:45:27 Where does Base stand in the algorithm?
00:51:26 Some thoughts on Ethereum's current state
00:55:32 Abstract Chains
01:02:58 Pudgy Penguins' relation with Abstract Chains
01:04:18 Closing & Disclaimers
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RESOURCES
Luca Netz
https://x.com/LucaNetz
Pudgy Penguins
https://pudgypenguins.com/
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Click on a timestamp to play from that location
0:00.0 | I like the Mimetic category because technically the way that Pengu is structured is very much like a meme coin. |
0:05.0 | But it's more than that. |
0:06.0 | Saying it's a meme coin, I think is doing it a disservice. |
0:09.0 | It's a culture coin. It's a community coin. |
0:11.0 | It could be one day a gaming coin or an AI coin. |
0:14.0 | But I think in its principle, that's the beauty of meme coins, right? |
0:17.0 | Is they can be a lot of different things while still, you know, remaining a meme. If you understand, you know, Pudgy Penguins' marketing strategy and our roots and our origin stories, |
0:25.6 | it's very much of a medic culture. |
0:27.6 | When we're getting 300 million views a day on GIFs, you know, gifts are memes, right? |
0:31.6 | I said an interesting thing a year ago, but, you know, the person who controls the GIFs controls the memes, |
0:36.6 | and the person who controls the gifts controls the memes and the person who controls the memes controls the world welcome to bankless |
0:46.3 | where today we followed the Puggy Penguins to the frontier of in real life |
0:50.3 | consumer experiences and the gift layer of the internet and overall the growth of the |
0:55.4 | pudgy penguin meme across both the real and the virtual worlds. This is David Hoffman and I'm here |
1:00.9 | to help you become more bankless. Luca Nets is on the podcast today. He is the man behind |
1:06.0 | pudgy penguins, which is perhaps crypto's most beloved NFT project. But today in January of 2025, Puggy |
1:13.6 | Penguins is just so much more than an NFT project. It's now also a token. It's now also in |
1:18.1 | real life plushy animals and also a layer two as well. Lucanets is building an empire all around |
1:24.4 | growing the Pudgy brand and the Pengu meme. He's rewriting the meme game strategy from |
1:29.3 | the ground up and if it works, then I think he's going to change the game of what it means to |
1:33.1 | launch a meme in crypto. We had Luca on the podcast almost a year ago in February of 2024, |
1:38.9 | and we were bringing him back on to update us as the Pengu universe continues to grow and evolve |
... |
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