NFT project Pudgy Penguins raised $9 million in funding, with 1kx as the lead investor.

BlockBeats reported on May 9th that the company behind the NFT project Pudgy Penguins raised $9 million in a round of funding led by early investor 1kx. Other participants in the round included the founders of Big Brain Holdings, Kronos Research, and LayerZero Labs. The company plans to develop an IP brand and is set to launch Pudgy Toys, a line of physical toys based on the Pudgy Penguin IP.