Igloo Acquires Frame to Boost Abstract on ETH Layer 2

Igloo Inc., the parent company of Pudgy Penguins, has acquired Frame, a prominent player in the creator economy platform space. The acquisition aids Igloo in  Abstract Chain, an Ethereum Layer 2 blockchain to revolutionize consumer crypto applications.

Igloo Inc. integrates the Frame team, including co-founders Cygaar and Beans, renowned for their expertise in building innovative on-chain protocols and NFT projects for the Igloo ecosystem to leverage Frame’s capabilities to advance the Abstract Chain.

Abstract Chain’s primary objective is to pioneer a culture-driven economy on-chain. The Abstract plans to amplify creators and communities by employing zero-knowledge proof. The additional distribution channels develop new economic models for increasing people’s interaction. This initiative also corresponds to the strategy of the company, Igloo Inc., to close the gap between Web2 and Web3 to spread the use of blockchain by the common people.

The recent acquisition of Frame by Igloo Inc. aims to build blockchain solutions. By promoting Decentralized Finance, a community-centered approach, and logistics, Abstract Chain will change the way we manage decentralized assets.

Also read: OKX Debuts ‘Wallet Blast’ ETH Layer 2 Event