The round was led by 1kx, an early-stage investment firm that specializes in ecosystem growth, with significant participation from Big Brain Holdings, Kronos Research, the Founders of LayerZero Labs, Old Fashion Research, and CRIT Ventures. Pudgy Penguins will use the funding from this round to scale its IP and team and enhance its offerings to its growing community.

Pudgy Penguins is dedicated to making Web3 accessible to everyone by creating innovative products that enable seamless onboarding. Their focus on community empowerment and building brand awareness has made them the leading IP in the Web3 space. They're committed to impacting the everyday consumer and shaping the future of Web3 and beyond.