1/ Singapore, you turned our event into something truly unforgettable. From the moment you stepped through KOMA’s 20m Torii gates, we knew it would be remarkable. The venue was a dream, but it was your energy that made it extraordinary. Let’s relive it together 🧵👇

some of you have made more money than most could ever dream of. yet somehow, no amount is ever enough to stop you from selling out your own morals for more. imagine accumulating all that wealth, only to come up short on something as fundamental as being a decent human being.

The truth behind what happened with Adam's "117" Pudgies floor sweep

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.

爆火的“中国人能飞”不只是玩梗。 从飞天神话到逐梦长空，从跨越群山到奔赴远方。 向上探索的热爱，一直都在。 前往 Ave.ai 查看相关叙事

One moment to appreciate the calm before the buzz at #BNBSeoul 👌

PancakeSwap is COMMUNITY FIRST. ALWAYS 🔥 Our private dinner in Seoul brought together South Korea's leading KOLs, creators and community voices at the Chef's Table 🇰🇷 Thank you for joining us. Let's build together 🤝