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Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract

Another Ethereum Layer 2 chain bites the dust: Just days after the creators of the once-hyped Blast said they’re shutting down the scaler, Abstract is about to follow suit. On Tuesday, Igloo Inc.—the company behind the c...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract
Another Ethereum Layer 2 chain bites the dust: Just days after the creators of the once-hyped Blast said they’re shutting down the scaler, Abstract is about to follow suit. On Tuesday, Igloo Inc.—the company behind the crypto-native Pudgy Penguins IP—said that it will shut down Abstract, its Ethereum Layer 2 network that launched in mainnet […]

Why this matters

Ethereum is showing up inside the Layer 2 theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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