The CEO Luca Netz, who took control of the NFT project Pudgy Penguins in 2022, has significantly expanded the ecosystem and turned it into a consumer brand model. The Ethereum Layer-2 network, incubated by Igloo Inc. (Abstract Chain), is part of it.
Since its launch on the public mainnet on January 27 of this year, Abstract Chain has stood out for a seamless integration experience. This includes easy wallet creation with email and social login, sponsored gas fees, and account recovery through access keys and social recovery mechanisms. Its flagship product is the "Portal" gateway, which unlocks over 100 dApps developed by the community without browser extensions, driving strong user adoption and solid transaction volume.
To date, Abstract Chain reports having over 1.5 million independent wallets and daily active wallets frequently exceeding 75,000.
Many users on social media have praised the platform for its intuitive interface. AX user, Nansem, commented: "Abstract Chain is the closest thing we have to Apple's App Store, but with blockchain technology".