Luca Netz, CEO of Pudgy Penguins (PENGU), is actively seeking funding for Abstract Chain, a Layer 2 network developed by Igloo, the parent company of the popular NFT project. This ambitious move aims to expand the Pudgy Penguins ecosystem and offer new functionalities within the Web3 space. Netz revealed the funding initiative on the When Shift Happens YouTube channel, highlighting the intention to involve the Pudgy Penguins community directly in the process. This suggests a potential opportunity for PENGU holders and fans to participate in the growth of Abstract Chain. Abstract Chain's Layer 2 architecture promises faster transaction speeds and lower fees compared to the Ethereum mainnet. While specific details about Abstract Chain's capabilities are still emerging, the funding round signals a significant step towards its development and integration within the broader blockchain landscape. The Pudgy Penguins team believes Abstract Chain will bring increased utility and value to the PENGU community and the NFT space as a whole. ```

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