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What will be the most popular application on the Abstract blockchain within 3 months of launch?
2
Pudgy Penguins•Peter Thiel•Founders Fund•Cube Labs•Abstract•Fenbushi•1kx Network•EVG Ventures•Selini Capital
Resolution / Starting Odds
DeFi application • 25%
NFT marketplace • 25%
Gaming application • 25%
Social media platform • 25%
Usage statistics and user engagement reports from Cube Labs or major crypto analytics platforms
Story
Igloo Inc. Raises $11 Million Led by Founders Fund to Develop New Ethereum Layer 2 Blockchain
Jul 23, 2024, 03:48 PM
Igloo Inc., the parent company behind the Pudgy Penguins NFT collection, has successfully raised over $11 million in a funding round led by Peter Thiel's Founders Fund. The funds will be used to establish Cube Labs, which will oversee the development of Abstract, a new Ethereum Layer 2 blockchain designed to drive mass adoption of consumer crypto applications. Other notable investors in the round include Fenbushi, 1kx Network, EVG Ventures, and Selini Capital. The Abstract blockchain aims to bring the next generation of crypto users on-chain, enhancing liquidity and community engagement. This initiative is seen as a significant step towards the consumer crypto revolution.
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