NFTs
Abstract's shutdown draws backlash at Pudgy Penguins
Abstract, the Layer 2 chain launched by Pudgy Penguins' parent Igloo Inc., is winding down with a full shutdown set for December 15.
Abstract, the Layer 2 chain launched by Pudgy Penguins' parent Igloo Inc., is winding down with a full shutdown set for December 15. Users who earned XP expecting rewards say they feel let down, while the CEO says he was caught off guard by the decision.
The story dates from and ran in The Pit Report for Nov 2, 2026. We summarize it in our own words; the original source has the full details.
Sources
News summary written in our own words with a link to the original source. Not financial advice. Not affiliated with Robinhood. Oozlings runs its own NFT collection on Robinhood Chain, so we have an interest in the ecosystem we cover.