Crypto and NFT enthusiasts' favorite penguins are set to launch their token, $PENGU. Pudgy Penguins is one of the unique NFT projects that has also tapped into the Web2 world since its 2021 release.Since 2021, Pudgy Penguins' efforts have seen the project sell over 1.5 million toys in retailers like Walmart and Target. Pudgy Penguins also <a href="https://funjible.games/news/pudgy-penguins-mythical-games-pudgy-party-release">teamed up with Mythical Games to release a new Web3 game</a>, Pudgy Party. The $PENGU token release will be the next piece of the puzzle, with a total supply of 88,888,888,888.<figure class="image"><img src="https://assets.funjible.games/Pudgy_Penguins_Introduce_PENGU_token_01_be7c0b984e.jpg" alt="Pudgy-Penguins-Introduce-PENGU-token-01.jpg" srcset="https://assets.funjible.games/thumbnail_Pudgy_Penguins_Introduce_PENGU_token_01_be7c0b984e.jpg 245w,https://assets.funjible.games/small_Pudgy_Penguins_Introduce_PENGU_token_01_be7c0b984e.jpg 500w,https://assets.funjible.games/medium_Pudgy_Penguins_Introduce_PENGU_token_01_be7c0b984e.jpg 750w," sizes="100vw"></figure>&nbsp;Here's how the $PENGU allocation breaks down:Pudgy Penguins Community: 25.9% Other Communities: 24.12% Current and Future Team: 17.8% (1-year cliff, 3-year vesting) Liquidity: 12.35% Company: 11.48% (1-year cliff, 3-year vesting) Public Good: 4% Proliferation: 4% FTT Holders: 0.35%<h2>With Multi-Chain Presence, Comes Great Responsibility</h2>While the announcement excited NFT holders and Pudgy Penguins fans, <a href="https://x.com/tumsize/status/1864854010383208772">a debate emerged</a> regarding the project's recent preference when it comes to blockchains. Some users have expressed concern about the token launching on Solana because Pudgy Penguins NFTs are on Ethereum. This isn't out of the ordinary, but Pudgy Penguins' gaming project is set to be based out of Polkadot.<div class="raw-html-embed"><blockquote class="twitter-tweet">Over the last 3 years, Pudgy Penguins has become the face of crypto. Sitting in millions of households worldwide, garnering millions of followers, and amassing over 50 billion views, Pudgy Penguins has cemented itself in the hearts and minds of everyday people and culture. <a href="https://t.co/Uz2I2K5di1">pic.twitter.com/Uz2I2K5di1</a>— Pudgy Penguins (@pudgypenguins) <a href="https://twitter.com/pudgypenguins/status/1864852000707420574?ref_src=twsrc%5Etfw">December 6, 2024</a></blockquote> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> </div>&nbsp;With three projects on three blockchains, questions about cross-chain collaborations and integrations are understandable. However, from a business perspective, Pudgy Penguins might be aiming to hedge its presence across chains since the layer one industry has been quite competitive. Though Solana evolved into the ultimate hub for memecoins over the last two years, it's also been a home for many <a href="https://www.youtube.com/watch?v=QN5MdmNSIYQ">gaming projects</a>.Polkadot, on the other hand, has been away from the headlines, but it may revive once again with Polkadot 2.0 launching in early 2025. This update will improve scalability and developer accessibility for Polkadot and could have been a convincing factor for Pudgy Penguins to consider.<figure class="image"><img src="https://assets.funjible.games/Pudgy_Penguins_Introduce_PENGU_token_02_e30cd11f1c.jpg" alt="Pudgy-Penguins-Introduce-PENGU-token-02.jpg" srcset="https://assets.funjible.games/thumbnail_Pudgy_Penguins_Introduce_PENGU_token_02_e30cd11f1c.jpg 245w,https://assets.funjible.games/small_Pudgy_Penguins_Introduce_PENGU_token_02_e30cd11f1c.jpg 500w,https://assets.funjible.games/medium_Pudgy_Penguins_Introduce_PENGU_token_02_e30cd11f1c.jpg 750w," sizes="100vw"></figure>&nbsp;It's rather difficult to predict which layer one project will draw the most users for a prolonged time, so it makes perfect sense to have operations running on multiple projects to test the waters and maximize user-reach. During the last bear market after the 2021 bull, we saw examples of projects that put all their eggs in one blockchain basket struggle, like DeGods and y00ts having to migrate to Ethereum from Solana amidst terrible market conditions.Pudgy Penguins' $PENGU token initiative will also lower the barrier of entry for its entire ecosystem. The developers are likely to announce more details regarding utilities, but tokens associated with NFT collections often allow new users to come into the scene with more manageable costs, and this can lead to more NFT sales in return, benefiting both parts of the operations. &nbsp;

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