🐧 #Pudgy Penguins Creator Launches Abstract Chain – A Game-Changer for Web3! 🚀
Igloo Inc., the creators of the iconic Pudgy Penguins NFT collection, has officially launched Abstract Chain, a revolutionary Ethereum Layer 2 blockchain built on ZKsync's ZK stack, on the mainnet.
🌐 Built for Web3 Communities and Apps
Abstract Chain leverages zero-knowledge rollups for enhanced scalability and minimal transaction costs, making it ideal for consumer-facing Web3 applications. Key features include:
Native Account Abstraction: Wallets function as smart contracts, enabling seamless social media or email logins, account recovery, and passkey support.
User-Friendly Ecosystem: The launch event introduced The Portal, a platform allowing users to create wallets with just an email and access 100+ dApps.
💡 Research & Innovation
$11M Investment: Backed by investors like Founders Fund, Igloo secured funding to fuel Abstract Chain’s development.
Strategic Acquisitions: The integration of Frame’s technology in June 2024 demonstrates Igloo’s commitment to innovation.
📉 Market Impact
Despite the successful launch, Pudgy Penguins token ($PENGU ) dropped 15.05%, mirroring broader market trends, with a 37% decline over the past 30 days.
🔮 What’s Next for Abstract Chain?
Abstract Chain’s scalability and user-friendly features position it as a strong contender in the Web3 ecosystem, empowering both communities and developers to build the next generation of decentralized apps.
🔥 Will Abstract Chain reshape the Web3 landscape? Let us know your thoughts below!