Abstract Launches Mainnet with Over 100 Blockchain Applications Live
On January 27, Abstract launched its mainnet, aiming to enhance blockchain accessibility for mainstream users. Developed by Igloo Inc., the parent company of Pudgy Penguins, Abstract already supports over 100 blockchain applications, with an additional 400 under development.
Key Leadership and Technology
- Leadership includes Michael Lee, Luca Netz, and Lorenzo Melendez.
- Developers: Cygaar, 0xbeans, StinkyPablo.
- Utilizes ZK Stack by ZKsync and Celestia for efficient transactions.
The protocol aspires to create a large on-chain community driven by cultural elements. Luca Netz stated that Abstract represents a significant change in user interaction with blockchain technology.
Consumer-Centric Features
- Introduction of “The Portal,” a Digital Theme Park aimed at Web2 users transitioning to Web3.
- Launch of a live-streaming service for content creators to engage audiences more effectively.
- Plans to integrate blockchain applications into daily life, focusing on discretionary spending first.
Despite the launch, Pudgy Penguins' price fell over 20%, trading at approximately 0.21 on CoinMarketCap.