Pudgy Penguins’ Abstract Closes, Marking Second Ethereum Layer 2 Shutdown in a Week

Pudgy Penguins’ parent organisation is shutting down Abstract, its Ethereum Layer 2 network, after investing tens of millions of dollars into the project. The blockchain will stop operating on December 15, with users asked to withdraw their assets beforehand. The decision follows limited liquidity and a choice to focus funding on the Pudgy Penguins brand and PENGU c...