How do $PENGU and $BIRB differ? Both $PENGU and $BIRB are tokens derived from NFT collections, but their structural approaches are different. $PENGU is an Ethereum-based token utilized within the @pudgypenguins IP ecosystem for merchandise, games, community rewards, and more. After its launch in 2024, it established a meme-centric NFT token model with a market cap rising to about $1.9 billion. On the other hand, $BIRB is an extension of the ‘Nesting’ reward system of @moonbirds based on @solana. When users hold NFTs in their wallets, they accumulate Talons points, which can later be exchanged for $BIRB tokens, merch, or in-game items. In other words, incentives are given based on simple holding or activity. Ultimately, both tokens expand the utility of NFTs, but $PENGU created demand through meme + IP commercialization, while $BIRB seems to be an attempt to create a systematic economy through utility + reward loops. It seems we need to keep an eye on how the initial design/distribution of $BIRB will unfold.