According to PANews on December 17, Luca Netz, CEO of the NFT project Pudgy Penguins, released an ecosystem update saying that PENGU tokens will be available for redemption at 21:00 Beijing time on December 17. Pudgy Penguins, Lil Pudgys, Rogs and SBTs holders can participate. The redemption period is 88 days. Unclaimed tokens will be permanently locked and destroyed after the period ends.

To ensure smooth collection, users need to pay attention to the following: 1) The Solana wallet balance must retain at least $10 SOL to pay the gas fee; 2) It is recommended to use a desktop device to complete the collection operation; 3) Pudgy Toys and Pudgy World will support PENGU distribution through the Abstract Chain and LayerZero cross-chain bridges, and relevant details are expected to be announced in January 2024.