Ledger Teases Collaboration with Pudgy Penguins

Ledger, a leading crypto wallet provider, has hinted at a potential collaboration with the popular Non-Fungible Token (NFT) collection, Pudgy Penguins. This announcement, recently shared in a X post , has sparked excitement within the crypto community. Ledger Teases Community With Cryptic Message On Thursday, Ledger posted a cryptic message hinting at a new initiative. The message also included geographical coordinates, suggesting the event will be launched in Dubai. Notably, the details of the partnership remain unknown. This upcoming initiative is part of Ledger’s broader effort to expand its operations in the crypto industry. In March, the crypto provider partnered with First Digital to help global investors use FDUSD stablecoin for off-exchange settlements. In April, it also launched support for the Sui blockchain on Ledger Live Mobile, allowing users to manage SUI coins on their phones. Dubai Becomes A Crypto Hub Ledger’s X post sparked many reactions within the community and many say the coordinates leading to Dubai are no coincidence. Dubai has become a major crypto hub, with many crypto companies setting up in the city due to its clear regulations. In March, the Dubai Financial Services Authority (DFSA) started a Tokenization Regulatory Sandbox in the Dubai International Financial Centre (DIFC). This initiative allows crypto companies to develop tokenized investment products. Furthermore, the Dubai Land Department (DLD) launched its Real Estate Tokenisation Project, which aims to tokenize real estate assets. Dubai also hosts HODL 2025, formerly the World Blockchain Summit, in May. This event is expected to bring even more attention to the city’s growing role in the digital asset space. Pudgy Penguins Is Growing Pudgy Penguins has been expanding its reach. In April, the NFT project partnered with Lotte, a South Korean retail company, to launch a 500-NFT collection priced at $299 each. This move reflects the growing interest in Pudgy Penguins as it becomes more mainstream, even as the NFT marketplace struggles . Most recently, Pudgy Penguins worked with SOL Strategies to launch a Solana validator. This collaboration helps secure the Solana network while allowing participants to earn rewards. Canary Capital recently filed for an Exchange-Traded Fund (ETF) that would invest directly in Pudgy Penguins NFTs and the PENGU meme token. If approved, the investment product would be the first ETF in the U.S. to hold NFTs directly. Last year, Pudgy Penguins launched the PENGU meme token , which is currently priced at $0.005191. While it has dropped significantly from its all-time high (ATH) of $0.06845 in December 2024, it has grown in recent weeks. The token’s future looks promising as the NFT space continues to grow. The post Ledger Teases Collaboration with Pudgy Penguins appeared first on TheCoinrise.com .

Source: The Coin Rise