Abstract is winding down. Starting today, all of @IglooInc's focus will go towards taking Pudgy Penguins, Pudgy NFTs, and $PENGU to the next level. When we acquired Frame in the summer of 2024, the vision was to build the blockchain for consumer crypto. Pudgy Penguins had shown us what it meant to reach the masses, and we believed we could bring that same approach to building a chain. Abstract achieved a lot in a short period of time; we built the Portal and AGW, onboarded major global brands, amassed over 300 million transactions, and grew a vibrant onchain ecosystem.  The journey became stifled by the lack of a DeFi ecosystem, insufficient liquidity, minimal institutional cross-over, and prohibitively high costs that impeded growth in winning areas. Unknown to most, Igloo, Inc. had been funding Abstract over the last 18 months. After losing tens of millions of dollars over two years, building consumer products, assembling an all-star team, onboarding some of the biggest brands in the world, and building a community of millions, we still had not found product-market fit. In combination with the market's reduced appetite for what we had built and not being able to find a scalable path forward, we could no longer justify taking from the Pudgy Penguins business. Igloo, Inc. has always been a community-first company. Even after losing 8 figures, we could have launched a token or pursued an ICO. Ultimately we decided against this. A token only works if there is something driving demand to it, and launching a token that we don’t have conviction in would have been a disservice to our community. The entire team at Abstract has worked tirelessly with a tremendous amount of passion to make the consumer crypto vision come true. I cannot fault a single one of them for this outcome. To the Abstract community, I want to thank all of you for sticking by our side on this long journey and for continuing to champion us. You supported us through all of the ups and downs, and I wish the result could have been different. There will be many that will find satisfaction in seeing this shut down, and that is fine. I take a great amount of pride in having the ambition to venture into the chain business, notoriously one of the most difficult to make work, and the only regret I have is not being able to celebrate a win alongside the Abstract community. As we wind down Abstract, our full focus shifts to making Pudgy Penguins into the global & cultural phenomenon I know it can become.  Return to Pudgy Penguins.

Here are the Top 50 champs of Week 70 who earned XP on Abstract Chain ✳️ 🥇 @hoangry: 410,510 XP 🥈 @massinebnk: 347,205 XP 🥉 @noss_0000: 346,675 XP 4️⃣ @sanyab111: 342,980 XP 5️⃣ @nhcapital: 325,621 XP 6️⃣ @caratech_: 321,138 XP 7️⃣ @jochef1995: 320,856 XP 8️⃣ @0xwabo: 320,127 XP 9️⃣ @azino_x: 319,990 XP 1️⃣0️⃣ @snakefish66: 318,941 XP 1️⃣1️⃣ @hotfresh6: 314,286 XP 1️⃣2️⃣ @pengguggu: 312,956 XP 1️⃣3️⃣ @monkey2158: 310,338 XP 1️⃣4️⃣ @cryptochunhyang: 305,051 XP 1️⃣5️⃣ @silentbuilder3: 302,209 XP 1️⃣6️⃣ @lils_vibe: 299,050 XP 1️⃣7️⃣ @buja_quest: 296,566 XP 1️⃣8️⃣ @_wbronze: 295,457 XP 1️⃣9️⃣ @denisstoo: 295,146 XP 2️⃣0️⃣ @0xkks_: 293,501 XP 2️⃣1️⃣ @0x3343: 293,108 XP 2️⃣2️⃣ @0xlinkevm: 289,248 XP 2️⃣3️⃣ @lorenzo_onx: 288,775 XP 2️⃣4️⃣ @wealthicreator: 288,508 XP 2️⃣5️⃣ @chaveeees_fps: 288,359 XP 2️⃣6️⃣ @woostarrr_: 284,187 XP 2️⃣7️⃣ @gmb_xbt: 282,126 XP 2️⃣8️⃣ @biverboat: 282,018 XP 2️⃣9️⃣ @dongduru1: 281,074 XP 3️⃣0️⃣ @harrietpjones: 280,491 XP 3️⃣1️⃣ @airdropkor_eth: 278,355 XP 3️⃣2️⃣ @cryptogrit: 275,292 XP 3️⃣3️⃣ @wtfxjeff: 273,991 XP 3️⃣4️⃣ @thevscrypto: 273,729 XP 3️⃣5️⃣ @yndorek1: 272,784 XP 3️⃣6️⃣ @dyusha110: 272,499 XP 3️⃣7️⃣ @sillybilly: 267,098 XP 3️⃣8️⃣ @elendrineth: 264,678 XP 3️⃣9️⃣ @degenlegendmfer: 261,233 XP 4️⃣0️⃣ @penguin1_crypto: 260,932 XP 4️⃣1️⃣ @monkeydcj269: 259,689 XP 4️⃣2️⃣ @hank0vic: 257,808 XP 4️⃣3️⃣ @kriptosov: 257,452 XP 4️⃣4️⃣ @vvanab: 255,025 XP 4️⃣5️⃣ @dracaart: 253,522 XP 4️⃣6️⃣ @marcellovtv: 252,720 XP 4️⃣7️⃣ @mrmori_crypto: 251,113 XP 4️⃣8️⃣ @pokermonfacenft: 250,797 XP 4️⃣9️⃣ @red__crypto: 245,526 XP 5️⃣0️⃣ @degenjablko: 242,135 XP 🚨 Collected all this data from X accounts manually, so lmk if I missed anyone. I will try to catch you next week, and also make sure to share your XP updates on X 💚

Here are the Top 50 champs of Week 70 who earned XP on Abstract Chain ✳️ 🥇 @hoangry: 410,510 XP 🥈 @massinebnk: 347,205 XP 🥉 @noss_0000: 346,675 XP 4️⃣ @sanyab111: 342,980 XP 5️⃣ @nhcapital: 325,621 XP 6️⃣ @caratech_: 321,138 XP 7️⃣ @jochef1995: 320,856 XP 8️⃣ @0xwabo: 320,127 XP 9️⃣ @azino_x: 319,990 XP 1️⃣0️⃣ @snakefish66: 318,941 XP 1️⃣1️⃣ @hotfresh6: 314,286 XP 1️⃣2️⃣ @pengguggu: 312,956 XP 1️⃣3️⃣ @monkey2158: 310,338 XP 1️⃣4️⃣ @cryptochunhyang: 305,051 XP 1️⃣5️⃣ @silentbuilder3: 302,209 XP 1️⃣6️⃣ @lils_vibe: 299,050 XP 1️⃣7️⃣ @buja_quest: 296,566 XP 1️⃣8️⃣ @_wbronze: 295,457 XP 1️⃣9️⃣ @denisstoo: 295,146 XP 2️⃣0️⃣ @0xkks_: 293,501 XP 2️⃣1️⃣ @0x3343: 293,108 XP 2️⃣2️⃣ @0xlinkevm: 289,248 XP 2️⃣3️⃣ @lorenzo_onx: 288,775 XP 2️⃣4️⃣ @wealthicreator: 288,508 XP 2️⃣5️⃣ @chaveeees_fps: 288,359 XP 2️⃣6️⃣ @woostarrr_: 284,187 XP 2️⃣7️⃣ @gmb_xbt: 282,126 XP 2️⃣8️⃣ @biverboat: 282,018 XP 2️⃣9️⃣ @dongduru1: 281,074 XP 3️⃣0️⃣ @harrietpjones: 280,491 XP 3️⃣1️⃣ @airdropkor_eth: 278,355 XP 3️⃣2️⃣ @cryptogrit: 275,292 XP 3️⃣3️⃣ @wtfxjeff: 273,991 XP 3️⃣4️⃣ @thevscrypto: 273,729 XP 3️⃣5️⃣ @yndorek1: 272,784 XP 3️⃣6️⃣ @dyusha110: 272,499 XP 3️⃣7️⃣ @sillybilly: 267,098 XP 3️⃣8️⃣ @elendrineth: 264,678 XP 3️⃣9️⃣ @degenlegendmfer: 261,233 XP 4️⃣0️⃣ @penguin1_crypto: 260,932 XP 4️⃣1️⃣ @monkeydcj269: 259,689 XP 4️⃣2️⃣ @hank0vic: 257,808 XP 4️⃣3️⃣ @kriptosov: 257,452 XP 4️⃣4️⃣ @vvanab: 255,025 XP 4️⃣5️⃣ @dracaart: 253,522 XP 4️⃣6️⃣ @marcellovtv: 252,720 XP 4️⃣7️⃣ @mrmori_crypto: 251,113 XP 4️⃣8️⃣ @pokermonfacenft: 250,797 XP 4️⃣9️⃣ @red__crypto: 245,526 XP 5️⃣0️⃣ @degenjablko: 242,135 XP 🚨 Collected all this data from X accounts manually, so lmk if I missed anyone. I will try to catch you next week, and also make sure to share your XP updates on X 💚