๐ง #Pudgy Penguins Creator Launches Abstract Chain โ A Game-Changer for Web3! ๐
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.
๐ 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.
๐ก Research & Innovation
$11M Investment: Backed by investors like Founders Fund, Igloo secured funding to fuel Abstract Chainโs development.
Strategic Acquisitions: The integration of Frameโs technology in June 2024 demonstrates Iglooโs commitment to innovation.
๐ Market Impact
Despite the successful launch, Pudgy Penguins token ($PENGU ) dropped 15.05%, mirroring broader market trends, with a 37% decline over the past 30 days.
๐ฎ Whatโs Next for Abstract Chain?
Abstract Chainโs 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.
๐ฅ Will Abstract Chain reshape the Web3 landscape? Let us know your thoughts below!