Pudgy Penguins Parent Igloo Shuts Down Abstract Ethereum Layer 2 After Failing To Scale Consumer Crypto
Abstract, the Ethereum layer-2 backed by Pudgy Penguins parent Igloo Inc., will shut down on 15 December 2026 after struggling to sustain growth despite attracting more than 400,000 users and major brands. Users must move their funds before the deadline, as Abstract says assets left on the network will become inaccessible.
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