“When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto.”

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 Block and PR Newswire (official company statement) confirm the June 2024 acquisition of Frame by Igloo/Pudgy Penguins parent to build Abstract as the blockchain for consumer crypto; additional coverage from Bitcoin News and Crowdfund Insider aligns on the stated vision.

Sources

• The Block
• Igloo, Inc. via PR Newswire
• The Block
• Crowdfund Insider
• Bitcoin News
• Decrypt