Pudgy Penguins-linked Ethereum Layer 2 Abstract launches on mainnet

Quick Take
- Abstract, a new Ethereum Layer 2 solution, is now live on the mainnet.
- Igloo Inc., the parent company of Pudgy Penguins, developed the network.


Ethereum Layer 2 chain Abstract has gone live on the mainnet and made available for public use.
The blockchain was developed using ZKsync’s ZK stack, which uses zero-knowledge rollups to achieve low transaction fees and high scalability for onchain apps.
Its parent firm, Igloo Inc., is known for owning the IP of the Pudgy Penguins — one of the largest NFT collections by market capitalization, as well as an associated memecoin.
This network's design focuses on fostering crypto communities and supporting consumer-facing Web3 applications.
The network offers native account abstraction, which allows wallets to operate as smart contracts and provides user-friendly features such as email or social logins, recovery mechanisms, and passkey support.
With the mainnet rollout, Abstract also unveiled its consumer blockchain platform, The Portal. With a single email address, users can instantly create a wallet and instantly access its ecosystem of dapps.
Abstract has over 100 community-created apps, the project claims.
In preparation for Abstract's development, Igloo raised $11 million from investors, including the Founders Fund.
Also, in June 2024, Igloo acquired Frame, a Layer 2 project aimed at creators to integrate its technological expertise into Abstract.
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