Igloo Inc., known for its Pudgy Penguins NFTs, has acquired Frame with the aim of launching AbstractChain.
This initiative seeks to enhance the consumer crypto experience by addressing current limitations in layer two (L2) solutions and promoting cultural and community-driven crypto adoption.
The acquisition integrates Frame's technology and team into Igloo Inc., bolstering efforts to revolutionise crypto infrastructure and distribution.
CEO Luca Netz emphasises AbstractChain's focus on combining technological innovation with cultural expansion, aiming to create a more inclusive crypto ecosystem.
AbstractChain will utilise advanced cryptographic techniques like the ZK stack and Eigenda to ensure security, speed, and cost-effectiveness.
The goal is to build the largest on-chain community, fostering user-centric development and adoption within the crypto space.