The post Pudgy Penguins Linked Abstract Chain Goes Live On Mainnet appeared on BitcoinEthereumNews.com.

In an astounding development, Abstract Chain, an Ethereum Layer-2 network launched by Pudgy Penguins’ parent company, Igloo Inc., has gone live on the mainnet. Reportedly, the Ethereum-based Layer 2 blockchain is designed to empower crypto communities and facilitate user-centric Web3 applications. Despite Abstract Chain’s mainnet launch, Pudgy Penguins’ PENGU token has seen a massive decline. While the token’s descent aligns with the broader market trend, the community remains anxious about its further movements. Igloo’s Abstract Chain Sees Mainnet Launch Abstract Chain is now live on the mainnet, opening it up to the public for usage. According to a press release, Abstract Chain is now available for consumers, with the mission of driving mass crypto adoption. Developed by Igloo Inc., the parent company of the popular NFT collection, Pudgy Penguins, Abstract Chain focuses on providing a user-friendly experience. On January 26, Pudgy Penguins CEO Luca Netz shared an X post announcing Abstract Chain’s mainnet launch. Netz proclaimed that the launch would take place on January 27, effective today. MONDAY MAINNET ✳️🐧 https://t.co/Cp5naJdoB4 — Luca Netz 🐧✳️ (@LucaNetz) January 25, 2025 Commenting on the launch of Abstract, Netz stated, The launch of Abstract is more than just a technical milestone—it’s a shift in how everyday users – and not just crypto natives – experience blockchain. We’ve built Abstract to strip away the complexities of crypto, offering an intuitive and enjoyable experience that empowers users to explore and create effortlessly. Igloo Introduces the Consumer Blockchain Platform- The Portal Meanwhile, the Abstract Blockchain unveiled The Portal, which the L2 network describes as the consumer blockchain platform. In a more intriguing description, the blockchain network calls The Portal a “Digital Theme Park of Fun” that revolutionizes the way billions interact with blockchain technology. The Portal allows users to set up a wallet using just their…

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Filed under: News - @ January 28, 2025 3:18 am