Welcome to the OpenSea newsletter, let's take a look back at the most important NFT and web3 news of the week.
Pengu Passport announces the 2026 Asia event plan
PENGU Asia is the regional community hub for Pudgy Penguins, indicating that offline events will be held in Asia in 2026, and participants will receive a physical Pengu Passport, which is a booklet used to collect stamps at each event.
According to this post, anyone can mint commemorative soulbound tokens for these events, some of which are exclusively for holders of Fat Penguins and Little Fat Penguins.
This update comes as the content of Pudgy Penguins reaches a large audience. According to reports this week, the NFT brand's content has achieved an average daily view count of approximately 1 billion times on the dynamic sticker site GIPHY, with a total view count exceeding 300 billion times, surpassing Disney and Pokémon on the platform.
Axie Infinity detailed the new bAXS token distribution scheme.
The monster battle game Axie Infinity will distribute a new token called bAXS to eligible players and holders through an airdrop.
Reportedly, this airdrop will include 100,000 bAXS and will be distributed to wallets that have staked at least 10 AXS, with the total allocation determined by the amount staked and in-game activity.
The bAXS token will be used in the game for operations such as breeding and upgrading characters, and will also be distributed to players of Terrariums, an upcoming land game mode where Axies can complete activities and earn rewards.
Vitalik Buterin has redefined how we should understand Ethereum's L2 networks.
Ethereum co-founder Vitalik Buterin stated this week that it is time to understand more clearly how layer 2 networks fit into Ethereum and the role they actually play.
Layer 2 networks (commonly referred to as L2) are independent systems that offload some traffic from Ethereum to complete work elsewhere and then write the results back, just like using a diversion to avoid congestion on a main road.
Buterin's point is that the ways L2 is constructed vary widely and should be discussed more precisely, especially in terms of how control is distributed among numerous participants or the level of decentralization.
Buterin believes L2 is an important pillar of the Ethereum ecosystem, but he noted that the Ethereum blockchain itself is also continuously improving, thus developers may not need to rely on L2 for scaling as much as they did before.
Fidelity launched its first stablecoin aimed at everyday and institutional users.
Fidelity Investments launched its first stablecoin this week - Fidelity Digital Dollar (FIDD) for retail and institutional investors on its platform.
This issuance follows new regulations enacted in the U.S. under the (GENIUS Act), which clarifies how stablecoins operate, giving large financial companies more confidence to enter the space, and indicating that blockchain-based dollars are becoming part of mainstream finance.
Prediction market companies are hosting free food giveaway events in New York City.
Prediction market companies Kalshi and Polymarket organized short-term free food distribution events in New York City this week, reportedly taking different approaches.
Kalshi held a limited-time giveaway event at a grocery store in the East Village, while Polymarket announced a multi-day free grocery flash event scheduled for late February.
Polymarket also confirmed it will donate $1 million to the New York City Food Bank to support its related initiatives.
Moonbirds avatars have launched in the Otherside game.
According to a post on X, the Moonbirds NFT project stated that players can now use their collectibles as playable characters in Otherside.
This update allows nested Moonbirds (i.e., tokens locked for long-term holding) and untested Moonbirds (i.e., tokens not locked) to appear in the game as 3D avatars.
Disclaimer: This content is for reference only and should not be considered as financial or trading advice. Mentioning specific projects, products, services, or tokens does not constitute endorsement, sponsorship, or recommendation by OpenSea. OpenSea does not guarantee the accuracy or completeness of the information provided. Readers should verify any statements in this article before taking any action, and are responsible for conducting their own due diligence before making any decisions.
#PudgyPenguins #MoonBirds #Polymarket_News
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