Most important points:
- Igloo acquires Frame to enhance its Ethereum Layer 2 blockchain, Abstract Chain.
- Frame co-founders Cygaar and Beans join Igloo to promote the new Layer 2 for Pudgy Penguins.
- The move is intended to bridge Web2 and Web3, making blockchain more accessible.
Igloo acquires frame to improve layer 2 for chubby penguins
The notable co-founders of Frame, Cygaar and Beans, renowned blockchain developers, will now join Igloo. They will focus on building the new Layer 2 for Pudgy Penguins, which aims to seize the crypto opportunity for consumers. As Frame closes down, Igloo will integrate the Frame team with their expertise in developing innovative on-chain protocols and NFT projects to advance the Abstract Chain.
Launched in 2023, Frame was co-founded by Cygaar, Beans, and Pablo, who built a proprietary on-chain royalty system to protect and reward creators. The acquisition allows Frame’s team to leverage its extensive experience to contribute to Abstract Chain, which promises a secure, ultra-fast, low-cost, and developer-friendly environment for building blockchain solutions.
Bridging Web2 and Web3 for wider Blockchain adoption
Abstract Chain wants to pioneer a culture-driven economy in the chain by using ‘zero-knowledge proofs’. The new Layer 2 for Pudgy Penguins aligns with Igloo’s strategy to bridge the gap between Web2 and Web3, making blockchain technology more accessible to the general public.
Igloo was founded to create an end-to-end ecosystem for new crypto users. Within this ecosystem, Pudgy Penguins has played a major role in introducing Web3 to people. The Pudgy NFT collection remains one of the top five collections across all NFT marketplaces, and Pudgy toys are quickly selling out at major retailers like Walmart and Target.
The acquisition of Frame is expected to strengthen Igloo’s blockchain capabilities and promote decentralized finance and a community-centric approach.