Crypto Briefing·
Pudgy Penguins parent Igloo shuts down Abstract after tens of millions in losses
Igloo's shutdown of Abstract highlights the challenges of sustaining blockchain ventures despite user engagement and brand partnerships.
Also covered by 6 outlets
- The Block ↗Pudgy Penguins-backed Ethereum L2 Abstract to shut down after losing ‘tens of millions’
- Decrypt ↗Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down
- Crypto Briefing ↗Abstract, Igloo Inc.’s Ethereum layer-2, to shut down December 15
- The Defiant ↗Abstract to Shut Down Ethereum Layer 2 on Dec. 15
- Unchained ↗Pudgy Penguins Owner Is Shutting Down Its Abstract Chain, Where $47 Million Still Sits
- Cointelegraph ↗Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses
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