Recently, there has been an eye-catching piece of news in the blockchain field: Nasdaq-listed company BTCS Inc announced the acquisition of 3 Fat Penguin NFTs and will incorporate them into its asset portfolio. This move not only marks a new direction in BTCS Inc's asset allocation strategy but also brings new excitement to the NFT market.



BTCS Inc, as a well-capitalized public company, currently holds over 300 million USD worth of Ethereum. The company recently made a significant purchase of 14,240 ETH, bringing its total holdings to over 70,000. This foray into the NFT sector demonstrates a shift in the attitude of traditional financial institutions towards digital assets.

Since its debut in 2021, the Fat Penguin NFT has held an important position in the NFT market thanks to its unique design and strong community support. This acquisition by BTCS Inc undoubtedly adds more attention and recognition to the Fat Penguin NFT.

As a result of this news, the price of the token PENGU related to the Fat Penguin has risen by 4.28%, reaching $0.03764. Meanwhile, the floor price of the Fat Penguin NFT series has also increased by 7%, and its market value even briefly surpassed that of the famous Bored Ape Yacht Club NFT series.

It is worth noting that the trading activity in the entire NFT market has significantly increased recently. In July alone, the NFT trading volume reached $6.6 billion, a 94% increase from the previous month. This reflects the growing interest of investors in digital art and collectibles.

The Fat Penguin NFT has not only garnered attention globally but has also performed well in the Chinese market. Additionally, its brand has appeared on F1 race cars, attracting the attention of over 85 million viewers, further enhancing its recognition and influence.

As traditional financial institutions begin to venture into the NFT space, we can anticipate that the digital asset market will encounter more opportunities and challenges. This trend not only reflects the potential of NFTs as an emerging asset class but also indicates that the integration of the digital economy with the traditional economy is accelerating. In the future, we may see more traditional companies like BTCS Inc entering the digital asset space, bringing new vitality and possibilities to the entire industry.
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New_Ser_Ngmivip
· 08-17 00:19
Made a big profit again? Just watching the show.
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MemeKingNFTvip
· 08-17 00:17
Small blue chips finally receive nourishment from spring rain, suckers, sharpen your eyes!
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AlgoAlchemistvip
· 08-16 20:53
Is the bull starting to play with NFTs? This wave is going to da moon.
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AirdropHunterKingvip
· 08-14 00:50
With this small Floor Price, you still want to surpass the apes? Daydreaming.
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ForkPrincevip
· 08-14 00:49
Playing with 3 accounts is still called asset allocation.
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ImpermanentPhilosophervip
· 08-14 00:37
How much to fall to Be Played for Suckers
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GhostAddressHuntervip
· 08-14 00:37
Is the NFT bull run starting?
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