Huba retweeted
I have decided to officially retire tonight from the Steel/Recycling business that I have helped build over the last 35 years and will go full time into posting Pudgy Penguin purchases for secret cash/NFT payments 🩵 💰 😂
Huba retweeted
Pudgy Penguins are missionaries, not mercenaries
We don't want to take from the never ending cycle of the same capital and users
We want to grow the pie so everyone benefits
Huba retweeted
Friends are Everything. 🐧❤️
This weekend I wanted to support one of my favorite collections during a difficult time. Decided to buy 117 Pudgy Penguins on chain to spread confidence for the community I have grown to love.
Wanted to support this OG project that’s bringing happiness to many. The Huddle will stay strong.
Return to Pudgy Penguins.
Huba retweeted
The Huddle is grateful to have you 🐐🐧🩵
This weekend I wanted to support one of my favorite collections during a difficult time. Decided to buy 117 Pudgy Penguins on chain to spread confidence for the community I have grown to love.
Wanted to support this OG project that’s bringing happiness to many. The Huddle will stay strong.
Return to Pudgy Penguins.
Huba retweeted
This weekend I wanted to support one of my favorite collections during a difficult time. Decided to buy 117 Pudgy Penguins on chain to spread confidence for the community I have grown to love.
Wanted to support this OG project that’s bringing happiness to many. The Huddle will stay strong.
Return to Pudgy Penguins.
Huba retweeted
Abstract didn’t do a token launch, and the farmers lost their minds.
Let’s be honest about who’s screaming the loudest.
It’s not the genuine users, who truly cared about the @pudgypenguins brand. Plenty of them lost real money and time and still posted mature takes.
It’s the people running 7 wallets to farm points for an airdrop, then playing victim when the free money didn’t show up. It's the farmers who don't even hold a single @pudgypenguins asset or $PENGU. The ones who dumped $PENGU as soon as they received their airdrop back in 2024, and are just hoping for more tokens to dump.
You weren’t a user. You were a farmer. You were hoping to get money free airdrop and when you couldn't get your money, you decided to riot.
Everything in crypto is a bet. Nothing was ever guaranteed. If you didn’t understand that, that’s on you, not the founders.
Startups aim high and sometimes fail. That’s how business works, web2 or web3.
Launching a token anyway would have been the easy way out. It would have fed the farmers and hurt the business long term. Not doing it was the harder call.
It takes a man to make a decision @LucaNetz knew would upset a LOT of people, but he pulled the trigger, knowing it was for the greater good.
@andygamblor gave away over $1M in 7 months on Abstract. The Pudgy Penguins team gave out over $1.5 billion in the $PENGU airdrop back in 2024, some to people who never even got involved in the Pudgy Penguins brand.
The lesson? Nobody remembers. Extractors only ever want more.
Now the same crowd is trying to drag Pudgy down with them.
Pudgy ran one of the biggest airdrops this space has seen. People were sitting on $100k+ per penguin at the top.
Toys in Walmart and Target. Real shelves, real sales. Not Twitter hype.
Blame Luca if you want. But this community is bigger than one decision, and wishing it to zero tells us who you are.
Farm it, dump it, call the founder and team scammers, move to the next one.
The door’s open. Nobody’s making you stay.
Bullish on penguins. 🐧🐧🐧
Appreciate all your thoughts on this @akylles @cyrotrading @andygamblor @Rubiks_Gus @BitBullVault @lokithebird @beausecurity @BrightAvian @BL3_ED @PenguBundy @Pudgy_XD @Bokah787
Huba retweeted
Full focus back on Penguins…
Love that this team swings big and experiments. Not everything is going to work out and that's just what building looks like. The alternative is a team too scared to try anything.
But knowing when to call it and consolidate everything behind what's actually working takes discipline.
Penguins are at an inflection point. Retail expanding, revenue scaling. Pointing every resource and every person at that is exactly what should be happening right now.
Some prob won’t see it this way, but this is the right call 🐧
Abstract is winding down.
Starting today, all of @IglooInc's focus will go towards taking Pudgy Penguins, Pudgy NFTs, and $PENGU to the next level.
When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto. Pudgy Penguins had shown us what it meant to reach the masses, and we believed we could bring that same approach to building a chain.
Abstract achieved a lot in a short period of time; we built the Portal and AGW, onboarded major global brands, amassed over 300 million transactions, and grew a vibrant onchain ecosystem.
The journey became stifled by the lack of a DeFi ecosystem, insufficient liquidity, minimal institutional cross-over, and prohibitively high costs that impeded growth in winning areas.
Unknown to most, Igloo, Inc. had been funding Abstract over the last 18 months.
After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of the biggest brands in the world, and building a community of millions, we still had not found product-market fit.
In combination with the market's reduced appetite for what we had built and not being able to find a scalable path forward, we could no longer justify taking from the Pudgy Penguins business.
Igloo, Inc. has always been a community-first company. Even after losing 8 figures, we could have launched a token or pursued an ICO.
Ultimately we decided against this. A token only works if there is something driving demand to it, and launching a token that we don’t have conviction in would have been a disservice to our community.
The entire team at Abstract has worked tirelessly with a tremendous amount of passion to make the consumer crypto vision come true. I cannot fault a single one of them for this outcome.
To the Abstract community, I want to thank all of you for sticking by our side on this long journey and for continuing to champion us. You supported us through all of the ups and downs, and I wish the result could have been different.
There will be many that will find satisfaction in seeing this shut down, and that is fine. I take a great amount of pride in having the ambition to venture into the chain business, notoriously one of the most difficult to make work, and the only regret I have is not being able to celebrate a win alongside the Abstract community.
As we wind down Abstract, our full focus shifts to making Pudgy Penguins into the global & cultural phenomenon I know it can become.
Return to Pudgy Penguins.
I’m extremely sad to announce that Abstract is shutting down.
When we were just a three-person team building Frame I never could have imagined the two and half year journey I was about to embark on.
From the tireless nights preparing for launch, to mainnet going live in January 2025, and everything in between, this journey is one I will treasure for the rest of my life. Even though the outcome is not what we wanted, I am incredibly proud of everything we built at Abstract.
The Portal and Abstract Global Wallet made interacting with a blockchain feel seamless. That foundation led to a wave of unique apps, novel onchain experiences, and, most importantly, an incredibly passionate community that gave Abstract an identity and culture of its own.
But the truth is that the industry has changed significantly since the idea was first conceived in the summer of 2024, and Abstract was facing difficulties with our DeFi Ecosystem and liquidity on the chain.
We reached a crossroads of experiencing significant growth, but not having cemented product-market-fit,and that was becoming an issue from a business sustainability perspective.
A very difficult decision needed to be made. Abstract’s growth had stalled and the chain was simply not economically sustainable anymore despite our best efforts.
I am extremely grateful to the Igloo, Inc team who truly gave it their all to explore every angle and make Abstract work.
I want to take this time to thank the incredibly talented team I had the pleasure of working with over the last three years. Every single one of them poured their heart and soul into Abstract and together we created something truly special that pushed forward what onchain discovery and experiences could look like. It is the best team that I have ever worked with. I will always be proud of that.
I want to thank all of our partners and builders that worked with us to make Abstract such a unique, special place. Truly some of the most talented developers launched on Abstract and I know you will all kill it in your next chapter.
Most of all I want to thank the Abstract community for the support over these three years. I know there have been moments of frustration, but your passion and admiration for Abstract are what made it so special and helped create a culture that is incredibly rare in crypto. I truly wish this could have worked out for all of us.
Thank you for supporting the green chain ✳️
Huba retweeted
Abstract is winding down.
Starting today, all of @IglooInc's focus will go towards taking Pudgy Penguins, Pudgy NFTs, and $PENGU to the next level.
When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto. Pudgy Penguins had shown us what it meant to reach the masses, and we believed we could bring that same approach to building a chain.
Abstract achieved a lot in a short period of time; we built the Portal and AGW, onboarded major global brands, amassed over 300 million transactions, and grew a vibrant onchain ecosystem.
The journey became stifled by the lack of a DeFi ecosystem, insufficient liquidity, minimal institutional cross-over, and prohibitively high costs that impeded growth in winning areas.
Unknown to most, Igloo, Inc. had been funding Abstract over the last 18 months.
After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of the biggest brands in the world, and building a community of millions, we still had not found product-market fit.
In combination with the market's reduced appetite for what we had built and not being able to find a scalable path forward, we could no longer justify taking from the Pudgy Penguins business.
Igloo, Inc. has always been a community-first company. Even after losing 8 figures, we could have launched a token or pursued an ICO.
Ultimately we decided against this. A token only works if there is something driving demand to it, and launching a token that we don’t have conviction in would have been a disservice to our community.
The entire team at Abstract has worked tirelessly with a tremendous amount of passion to make the consumer crypto vision come true. I cannot fault a single one of them for this outcome.
To the Abstract community, I want to thank all of you for sticking by our side on this long journey and for continuing to champion us. You supported us through all of the ups and downs, and I wish the result could have been different.
There will be many that will find satisfaction in seeing this shut down, and that is fine. I take a great amount of pride in having the ambition to venture into the chain business, notoriously one of the most difficult to make work, and the only regret I have is not being able to celebrate a win alongside the Abstract community.
As we wind down Abstract, our full focus shifts to making Pudgy Penguins into the global & cultural phenomenon I know it can become.
Return to Pudgy Penguins.
Huba retweeted
By the end of the calendar year @pudgypenguins will be in these retailers:
Target
GameStop
It'Sugar
B&N
BOOKS A MILLION
FYE
BJs
Fred Meyer
AAFES
NEXCOM
Hot Topic
HEB
Blains
Kroger (test)
It would take a normal company 3 years to win this kind of distribution, we've been going for six months.
Huba retweeted
The Pudgy Penguins x @_LINEFRIENDS limited-edition collection is now live.
Featuring plushies, blind boxes, collectibles and more, you can get the collection at all Line Friends stores in Asia or online.
Get yours below.





























