Billionaire Adam Weitsman has acquired 117 Pudgy Penguins to support the project, pushing his total holdings to 167 assets and triggering a 16.7% rise in the collection's floor price.
The Abstract blockchain is shutting down on December 15, 2026, prompting parent company Igloo Inc. to pivot its focus back to the Pudgy Penguins NFT collection and the PENGU token.
Igloo Inc. is shutting down its Ethereum layer 2 network Abstract after 18 months, citing tens of millions in losses and a failure to achieve sustainable product-market fit.
Igloo Inc. is shutting down its Ethereum layer-2 network, Abstract, on December 15, 2026, after 18 months of significant financial losses.
