Welcome to the latest release of Cointelegraph’s Nifty Newsletter, your go-to source for staying updated on the latest news and trends in the world of nonfungible tokens (NFTs). Each Wednesday, our newsletter aims to keep you informed and inspired to delve deeper into the ever-evolving landscape of NFTs.

In this week's edition, we explore the remarkable ascent of the Pudgy Penguins' NFT collection, highlight some of the standout moments from Donald Trump's NFT event, delve into Ghana's innovative use of NFT stamps to honor its king, and more.

According to Luca Schnetzler, CEO of the NFT project, Pudgy Penguins has achieved a significant milestone by selling over one million plushies in the past year. This surge in sales comes as the project continues to expand its presence in retailers worldwide. Notably, Pudgy Toys with Pudgy World recently became available at Target, one of the largest retail chains in the United States.

Pudgy Penguins, launched in 2021, features 8,888 vibrant penguin avatars. Despite facing initial challenges, including allegations of a rug pull by its former founder, Schnetzler's acquisition of the brand in 2022 for $2.5 million has rejuvenated the project's success.

In another intriguing development, religious leaders are engaged in debates about the incorporation of metaverse, Web3, spatial computing, and artificial intelligence technologies into religious practices. While some embrace these modern advancements as new avenues for spreading faith, others express concerns about potential dangers and question the necessity of adopting such technologies.

Former U.S. President Donald Trump recently hosted an NFT event at his Florida residence, where he made several noteworthy statements that captured the attention of NFT enthusiasts. Trump claimed credit for revitalizing interest in NFTs and inadvertently caused a surge in the price of a political rival's memecoin with his remarks.

Ghana's national postal service commemorates the 25th coronation anniversary of His Majesty Otumfuo Osei Tutu II with a unique stamp collection called "Crypto Stamp." These physical stamps are linked to unique NFTs stored on the blockchain, symbolizing the intersection of traditional values and modern technology.

Thank you for joining us in exploring the latest developments in the NFT space. We look forward to bringing you more insights and reports on the rapidly evolving world of NFTs in next week's edition.