Igloo Inc., the parent company of Pudgy Penguins, is launching Abstract, an Ethereum layer-2 blockchain aimed at consumer applications. Abstract focuses on facilitating mainstream blockchain usage by allowing developers to create applications that serve billions in everyday life, such as games and social platforms. Unlike standard blockchains, Abstract prioritizes specific use cases to better align developer and consumer interests, incorporating existing Ethereum-based smart contracts with ease. Among its innovations, Abstract introduces a global wallet that eliminates gas fees and complex sign-ins, streamlining user experience. Additionally, it features Panoramic Governance, which incentivizes governance participation and allows users to influence project support through active voting. With commitments from various applications and infrastructure partners, Abstract aims to launch its mainnet in January 2025, promoting user engagement through a native reward system. This initiative is seen as a significant step in bringing everyday users onto the blockchain.

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