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Crypto News => Crypto News Channel => Topic started by: Administrator on October 07, 2026, 12:43:21 PM

Title: Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses
Post by: Administrator on October 07, 2026, 12:43:21 PM

Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.

Source: Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses (https://cointelegraph.com/news/consumer-crypto-chain-abstract-to-wind-down?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)