Layer 2 Development Sets Pudgy Penguins Apart in the Crypto World
Key Points:
– Igloo secures Frame acquisition to strengthen its Ethereum Layer 2 blockchain, Abstract Chain.
– Cygaar and Beans, the co-founders of Frame, join Igloo to spearhead the development of the new Layer 2 for Pudgy Penguins.
– The ultimate goal is to bridge the gap between Web2 and Web3, enabling wider accessibility to blockchain technology.
Igloo has cemented its position in the crypto space with the acquisition of Frame, a move that will significantly enhance the development of Layer 2 for Pudgy Penguins. The talented team of blockchain developers, including renowned co-founders Cygaar and Beans, has now become an integral part of Igloo. Their expertise will be instrumental in building the new Layer 2, which aims to capitalize on the consumer crypto opportunity. Formerly known as Frame, the acquired team will leverage their skills in innovative on-chain protocols and NFT projects to advance the Abstract Chain.
Frame, established in 2023 by Cygaar, Beans, and Pablo, made a name for itself by creating a proprietary on-chain royalty system that protects and rewards creators. With the acquisition, the Frame team will channel their extensive experience into contributing to the Abstract Chain. This integration promises to deliver a secure, ultra-fast, cost-effective, and developer-friendly environment for building blockchain solutions.
The new Layer 2 for Pudgy Penguins aligns perfectly with Igloo’s strategy of bridging the gap between Web2 and Web3, making blockchain technology more accessible to the general public. Abstract Chain aims to pioneer a culture-driven economy on-chain, utilizing advanced techniques such as zero-knowledge proofs. By adopting this approach, Igloo aims to create an end-to-end ecosystem that caters to new crypto users. Pudgy Penguins, within this ecosystem, has played a significant role in introducing people to Web3. With the Pudgy NFT collection consistently ranking among the top five across all NFT marketplaces, and Pudgy toys quickly selling out at major retailers like Walmart and Target, the success and popularity of the project are undeniable.
The acquisition of Frame not only strengthens Igloo’s blockchain capabilities but also fosters decentralized finance and a community-centered approach. As blockchain technology continues to evolve, Igloo remains dedicated to providing users with a seamless and inclusive crypto experience. It’s important to note that the information presented here should not be considered investment advice but rather general market commentary. We encourage individuals to conduct their own research before making any investment decisions.