NFT project Pudgy Penguin's "Snowed In" series sold out at Sotheby's auction house, with an average price of $12,900

The "Snowed In" series of NFT project Pudgy Penguins was sold out at Sotheby's auction house. The auction contained 10 NFTs and brought in nearly $129,000 in revenue. At the current floor price of the NFT of $1,300. Sotheby’s, which began offering NFTs in 2021 through auctions, buy-now, and generative airdrops, reported that NFT sales exceeded $100 million last year, with approximately 78% of buyers new to Sotheby’s.