NFT pioneer Pudgy Penguins is securing funding for Abstract, an Ethereum Layer 2 blockchain designed to address scalability challenges in the NFT sector. The blockchain aims to reduce transaction costs and network congestion specifically for NFT trading while maintaining Ethereum’s foundational security model.
Abstract’s architecture will feature customized network parameters optimized for NFT activities and enable unique applications like NFC integration for physical Pudgy Toys. Proposed community involvement includes node operation opportunities and ambassador programs, allowing participants to contribute directly to network development and governance.
The funding will accelerate development timelines for creating a resilient Layer 2 infrastructure tailored to NFT transactions. This initiative seeks to establish an ecosystem where community-driven growth aligns with enhanced technical capabilities, positioning Abstract as a specialized solution for digital collectibles and blockchain-based innovations.