In an astounding development, Abstract Chain, an Ethereum Layer-2 network launched by Pudgy Penguins’ parent company, Igloo Inc., has gone live on the mainnet. Reportedly, the Ethereum-based Layer 2 blockchain is designed to empower crypto communities and facilitate user-centric Web3 applications.
Despite Abstract Chain’s mainnet launch, Pudgy Penguins’ PENGU token has seen a massive decline. While the token’s descent aligns with the broader market trend, the community remains anxious about its further movements.
Igloo’s Abstract Chain Sees Mainnet Launch
Abstract Chain is now live on the mainnet, opening it up to the public for usage. According to a press release, Abstract Chain is now available for consumers, with the mission of driving mass crypto adoption. Developed by Igloo Inc., the parent company of the popular NFT collection, Pudgy Penguins, Abstract Chain focuses on providing a user-friendly experience.
On January 26, Pudgy Penguins CEO Luca Netz shared an X post ann
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