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Abstract is winding down. Starting today, all of @IglooInc's focus will go towards taking Pudgy Penguins, Pudgy NFTs, and $PENGU to the next level. When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto. Pudgy Penguins had shown us what it meant to reach the masses, and we believed we could bring that same approach to building a chain. Abstract achieved a lot in a short period of time; we built the Portal and AGW, onboarded major global brands, amassed over 300 million transactions, and grew a vibrant onchain ecosystem.  The journey became stifled by the lack of a DeFi ecosystem, insufficient liquidity, minimal institutional cross-over, and prohibitively high costs that impeded growth in winning areas. Unknown to most, Igloo, Inc. had been funding Abstract over the last 18 months. After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of the biggest brands in the world, and building a community of millions, we still had not found product-market fit. In combination with the market's reduced appetite for what we had built and not being able to find a scalable path forward, we could no longer justify taking from the Pudgy Penguins business. Igloo, Inc. has always been a community-first company. Even after losing 8 figures, we could have launched a token or pursued an ICO. Ultimately we decided against this. A token only works if there is something driving demand to it, and launching a token that we don’t have conviction in would have been a disservice to our community. The entire team at Abstract has worked tirelessly with a tremendous amount of passion to make the consumer crypto vision come true. I cannot fault a single one of them for this outcome. To the Abstract community, I want to thank all of you for sticking by our side on this long journey and for continuing to champion us. You supported us through all of the ups and downs, and I wish the result could have been different. There will be many that will find satisfaction in seeing this shut down, and that is fine. I take a great amount of pride in having the ambition to venture into the chain business, notoriously one of the most difficult to make work, and the only regret I have is not being able to celebrate a win alongside the Abstract community. As we wind down Abstract, our full focus shifts to making Pudgy Penguins into the global & cultural phenomenon I know it can become.  Return to Pudgy Penguins.

📞 Singapura está chamando! 👀 O COO @WEEX_Andy manda o convite da WEEX pela Lion City. 🎁 Estande, festa Inside the Igloo com @pudgypenguins e MBS VIP Lounge. 👉 RSVP: #WEEX# #TOKEN2049# #PudgyPenguins#

昨天在上海美罗城现场拆盲盒。 @pudgypenguins 和@_LINEFRIENDS 已上线🐧 此IP已直接走进实体市场，试问还有谁能做到。 🔗LINEFRIENDS抖音/天猫/小程序都能买到。 🎁三连这条推，我抽两个送企鹅玩具吧。 （买了4个都拆出来想要的黄帽子呜呜呜。快没货了，所以明天就抽吧，我怕我买不到了……）

Welcome to Collector Park @moonbirds & @Ocapgames A day with OpenSea, @pudgypenguins, and other leading brands during NFT NYC, celebrating collectibles, onchain and in hand. Food, music, art, and all the things you love. 9/3 from 12p – 8p ET - RSVP below 👇

Welcome to Collector Park @veefriends and @garyvee A day with OpenSea, @pudgypenguins, and other leading brands during NFT NYC, celebrating collectibles, onchain and in hand. Food, music, art, and all the things you love. 9/3 from 12p – 8p ET. RSVP below 👇

7d Top Gainers 1️⃣ Stacks (@Stacks): +132.94% 2️⃣ Dog (Bitcoin) (@dogofbitcoinog): +117.08% 3️⃣ Ethena (@ethena_labs): +86.36% 4️⃣ OFFICIAL TRUMP (@GetTrumpMemes): +76.36% 5️⃣ Pump​.​fun (@pumpfun): +73.62% 6️⃣ Pudgy Penguins (@pudgypenguins): +69.89% 7️⃣ Zcash (@electriccoinco): +69.07% 8️⃣ Pepe (@pepecoineth): +63.23% 9️⃣ dogwifhat (@dogwifcoin): +62.57% 🔟 SPX6900 (@spx6900): +58.72%