Market News / Story
Igloo Shuts Down Abstract Blockchain and Refocuses on Pudgy Penguins and PENGU
Binance News ·
Binance News reports: NFT and IP company Igloo, Inc. said it will shut down the consumer-focused blockchain Abstract and redirect staff and resources to Pudgy Penguins, Pudgy NFT, and the PENGU token. According to ChainCatcher, the company said Abstract was built as a consumer blockchain but was constrained by high operating costs, limited liquidity, a weak DeFi ecosystem, and declining market interest. Igloo said it had spent engineering, ecosystem, and infrastructure resources on…