OpenSea Rewards Its NFT Users With Pudgy Penguins SBTs

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OpenSea, the world’s largest non-fungible token market platform by trading sales volume, has partnered with Igloo Inc., the parent company behind the globally acknowledged non-fungible token series Pudgy Penguins, to reward its top marketplace users with Soulbound tokens (SBTs). In response to this integration, the Pudgy Penguins NFT collection has seen its floor price rise 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 to 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 like an eBay for unique digital assets, such as art, virtual land, and game items, all verified on blockchains like 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 opening Chests are noticing that their Rewards includes a special item – the chance to mint a @PudgyPenguins SBT.

Anyone with a Tier 5 Treasure or above earned in Wave 4 is eligible to mint. Head to your Rewards tab on OpenSea or 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 reward program, including the “Treasure Chests” and 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 boosts activity for future token allocation, marked a major shift toward a broader on-chain trading hub, with new features and an AI-powered mobile app.

From January 16, 2026, some people opening Chests are noticing that their Rewards include a special item giving them a chance to mint a Pudgy Penguins SBT. Anyone with a Tier 5 Treasure or above 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 reward wave.

OpenSea x Pudgy Penguins SBT Overview

In its fourth-round wave of rewards, the OpenSea team has integrated with Pudgy Penguins team to launch soulbound tokens (SBTs.) These SBTs commemorate all 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.