Topic: #pudgy-penguins
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Abstract, the Ethereum layer-2 built by Pudgy Penguins' parent, to shut down
Abstract, the consumer-focused Ethereum layer-2 built by Pudgy Penguins' parent Igloo Inc., said it will shut down this year. Igloo CEO Luca Netz said the company lost tens of millions without finding product-market fit.
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Pudgy Penguins' Abstract to shut Dec. 15, second Ethereum layer 2 to close in a week
Igloo, the company behind Pudgy Penguins, will shut its Abstract layer-2 blockchain on Dec. 15 after losing tens of millions of dollars, days after Blast announced its own shutdown.