OpenSea, the world’s largest non-fungible token marketplace platform by trading volume, has partnered with Igloo Inc., the parent company behind the globally recognized non-fungible token series Pudgy Penguins, to reward its top marketplace users with Soulbound Tokens (SBTs). In response to this integration, the floor price of the Pudgy Penguins NFT Collection has increased by 2% over the past 24 hours.
OpenSea x Pudgy Penguins integration
In a January 16 blog post, the OpenSea NFT team confirmed that it has launched its fourth wave of rewards for its marketplace users. Launched in December 2017, OpenSea is the world’s largest decentralized marketplace for buying, selling and trading NFTs and crypto collectibles. It functions as an eBay for unique digital assets such as art, virtual land and gaming items, all verified on blockchains such as Ethereum and Polygon. It allows users to create (mint), list and trade these unique digital items through smart contracts, giving creators a platform and collectors a way to own verifiable digital property.
Some people who open chests find that their rewards include a special item: the chance to mint a coin @PudgyPenguins SBT.
Anyone with a Tier 5 treasure or higher earned in Wave 4 is eligible to mint. Go to the Rewards tab on OpenSea or go to the link below to mint.👇 pic.twitter.com/8xfOu6OSc3
— OpenSea (@opensea) January 16, 2026
The OpenSea NFT marketplace launched its pre-token generation rewards program, including the ‘Treasure Chests’ and the XP system, starting in phases around mid-September 2025, leading up to the expected $SEA token launch in early 2026. This initiative, which funnels 50% of NFT platform fees into user rewards and drives future token allocation activity, marked a major shift towards a broader on-chain trading center, with new features and an AI-powered mobile app.
Starting January 16, 2026, some people who open chests will notice that their rewards include a special item that gives them the chance to mint a Pudgy Penguins SBT. Anyone with a Tier 5 treasure or higher earned in Wave 4 is eligible to mint. OpenSea Chest is a feature in OpenSea’s rewards program where users level up a virtual chest by completing activities like buying and selling NFTs and tokens, earning XP, and completing ‘Voyages’ (quests) to unlock rewards like NFTs and crypto at the end of each rewards wave.
OpenSea x Pudgy Penguins SBT Review
In the fourth round of rewards, the OpenSea team has integrated with the Pudgy Penguins team to launch soulbound tokens (SBTs). These SBTs commemorate all the individuals who used the NFT marketplace OpenSea to purchase Pudgy Penguins or Lil Pudgy NFTs. The OpenSea SBT honors Pudgy Penguin or Lil Pudgy NFT buyers on the OpenSea who have never sold their NFT collections.
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