Pudgy Penguins Explores Funding for Abstract, an Ethereum Layer 2 Aimed at Enhancing NFT Scalability
2025-07-18 13:20:31
Main Idea
Pudgy Penguins is seeking funding for Abstract, an Ethereum Layer 2 blockchain, to enhance scalability and community-driven growth for NFT transactions and ecosystem development.
Key Points
1. Abstract is an Ethereum Layer 2 solution aimed at reducing congestion and high gas fees for NFT transactions.
2. Pudgy Penguins plans to customize network parameters to optimize performance specifically for NFT-related activities.
3. The project emphasizes community involvement, allowing members to contribute through node operation and ambassador programs.
4. Funding will accelerate development timelines and support the creation of a resilient Layer 2 network.
5. Abstract’s architecture maintains Ethereum’s security standards while enabling innovations like NFC-enabled Pudgy Toys.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Pudgy Penguins is
Latest News
- Ripple Representatives Expected at White House as GENIUS Act Stablecoin Bill Nears Signing2025-07-18 17:14:08
- U.S. Spot Bitcoin ETFs See Continued Inflows, Suggesting Growing Institutional Interest2025-07-18 17:00:53
- SEC Chair Signals Possible Shift Toward Bitcoin Inclusion in 401(k) Retirement Plans Amid Regulatory Evolution2025-07-18 16:47:14
- Charles Schwab May Soon Introduce Bitcoin Trading as Part of Broader Crypto Offering2025-07-18 16:46:38
- Bitcoin Capital Rotation Suggests Potential Early-Stage Altseason Amid Stablecoin Inflows and Market Structure Alignment2025-07-18 16:46:17