Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

12 outlets reporting

Your call?🐂 Bullish🐻 Bearish

tens of millions

losses incurred

$ETH

$2,446

+0.7%

Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.