Crypto Briefing·
Pudgy Penguins parent Igloo shuts down Abstract after tens of millions in losses
Igloo's shutdown of Abstract highlights the challenges of sustaining blockchain ventures despite user engagement and brand partnerships.
Also covered by 11 outlets
- The Block ↗Pudgy Penguins-backed Ethereum L2 Abstract to shut down after losing ‘tens of millions’
- Decrypt ↗Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down
- Crypto Briefing ↗Abstract, Igloo Inc.’s Ethereum layer-2, to shut down December 15
- The Defiant ↗Abstract to Shut Down Ethereum Layer 2 on Dec. 15
- Unchained ↗Pudgy Penguins Owner Is Shutting Down Its Abstract Chain, Where $47 Million Still Sits
- Cointelegraph ↗Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses
- BeInCrypto ↗Abstract's Shutdown Lifts the Pudgy Penguins NFT Floor but Weighs on Its Token
- CoinDesk ↗Pudgy Penguins’ Abstract becomes second Ethereum layer 2 to shut in a week
- CryptoSlate ↗Why Abstract is killing its Ethereum L2 instead of launching a token to save it
- Protos ↗Pudgy Penguins’ parent firm shuts down its own blockchain
- Bitcoin.com News ↗Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract
More news
- Crypto BriefingUK court rules Chinese law governs claims to 61,000 seized Bitcoin
- Crypto BriefingGoldman Sachs: hedge funds are dumping AI stocks at a rapid clip
- ProtosCoreWeave halved since joining Nasdaq 100 as insiders sold $740 million
- Crypto BriefingTokenized stocks account for 99.3% of $14.4 billion in onchain trading outside the US
- Bitcoin.com NewsBinance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg
- Crypto BriefingStellar adds tokenized high-yield corporate bonds with HYB and deHYB