Pudgy Penguins-linked Ethereum Layer 2 Abstract launches on mainnet

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.