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“Abstract is winding down.”

By Luca Netz 🐧 (@LucaNetz) · Posted 6 Oct 2026 · checked 25 Oct 2026 · 90% confidence

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.

Sources