“Abstract is winding down.”
What they posted
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 https://t.co/MVpsINS9zw
Why it's Truth
The claim is confirmed by the official announcement from Luca Netz / Igloo Inc. on the post date and contemporaneous reporting from Decrypt, Unchained, Crowdfund Insider and others citing the same details, plus official Abstract documentation.