ABSTRACT | EUROPE

Put on your beret and join the community ◕‿◕ | Let's build the future of consumer crypto | Not officially endorsed by @AbstractChain.

[ABSTRACT | EUROPE @AbstractEurope]

@Abstract_Eco @BinanceUS

[Abstract Ecosystem @Abstract_Eco]

Did you know that @BinanceUS supports native Abstract deposits and withdrawals?

Users can on and off-ramp without needing to bridge, making access to Abstract faster and safer.

We’re making Abstract easier to access, one transaction at a time.

[Daila @DailaX]

The team is taking over Discord for a special edition of Friday Funday.

Join @sauciii , @HeyNat, @0xMeow0130 & myself as we turn VC into a global party. Come run some games with us like SuperTrip and meet some new people while hanging with the squad.

6/4 11am EST
6/5 11pm HKT

[ABSTRACT | EUROPE @AbstractEurope]

Are you a future Quant? 👀

[sauciii @sauciii]

Quant nominations are open.

Quant is a community leader role, and you decide who earns it. Who in the Abstract community shows up, lifts others, and leads from the front?

Nominate them in the Abstract Discord before nominations close on June 28.

[Abstract @AbstractChain]

Abstract Global Wallet is the most adopted smart contract wallet.

With over 134 million transactions processed, it continues to see strong onchain activity and impressive growth.

Let’s break down what’s driving it 🧵

[Abstract Ecosystem @Abstract_Eco]

The latest XP update is now live on the Portal.

What's your rank? ✳️

[AbsTV @AbsTVx]

How I look at creators in the Abstract ecosystem who don’t tag AbsTV so we can engage with and share their content

[ABSTRACT | EUROPE @AbstractEurope]

Seriously, who doesn't use Abstract every day?

[Abstract Ecosystem @Abstract_Eco]

Who's using Abstract today?

[raven⚡✳️ @bycoinraven]

🎙️The Highly Anticipated @maximusss × @LucaNetz Interview Is Finally Here
📝 Full Breakdown & Key Takeaways

🔥 Pudgy Penguins Side
➤ According to Luca, the biggest problem in the NFT market is the lack of new buyers. The same money keeps circulating within the ecosystem.
➤ One of Pudgy Penguins' plans to attract new users is to focus more heavily on the trading card market.
➤ He said we will likely see more trading card initiatives from Pudgy in the coming months and years.
➤ He stated that the brand continues to grow organically through Instagram content and physical products.
➤ He said he still has major plans for the Pudgy Telegram Sticker system. Some things were delayed due to timing, but the project has not been abandoned.
➤ Builders creating businesses within the community (coffee brands, products, TCGs, etc.) can receive support from the team.
➤ He said, "People treating it as a hobby are different from people treating it as a real business."
➤ He used Vibes TCG as an example and said they actively support serious projects like that.
➤ He confirmed that there is a special allocation within the PENGU token supply called the "Proliferation Fund."
➤ He said this fund is reserved for future community rewards and ecosystem growth initiatives.
➤ He stated that any future airdrops or reward systems will depend entirely on market conditions.
➤ He explained that they do not want to deploy rewards aggressively during unfavorable market conditions, saying they don't want to "shoot themselves in the foot."

🔥 Thoughts on the Crypto Market
➤ Luca believes the current crypto market is not behaving rationally.
➤ He thinks many market makers are currently focused on recovering their losses.
➤ He used Zcash and Hyperliquid as examples.
➤ He said they have experienced cleaner price action because they did not carry the same major exchange overhang as many other assets.

🔥 What Was Said About @AbstractChain
➤ According to Luca, the main reason Abstract's early meme coin and NFT ecosystem performed so well was the large amount of liquidity distributed to the community.
➤ Maximus directly asked, "Will we see something for XP this year?" Luca answered with a single word: "Yes."
➤ He once again emphasized that approximately $100 million worth of PENGU was distributed to the Abstract community.
➤ He stated, "No other chain has done that."
➤ He argued that most large VC-backed chains constantly take value from their communities instead of giving back.
➤ He said Abstract only raised $11 million.
➤ Despite that, he believes @Abstract_Eco produced more successful meme coin runs than many much larger VC-backed chains.
➤ He revealed that he hosted weekly mastermind and mentorship sessions for builders, but most participants did not take them seriously.
➤ He said only a handful of builders actually took action.
➤ He explained that several projects that left Abstract for other chains ended up seeing significant drops in revenue.
➤ He believes people often blame others when things do not go as planned.
➤ Luca thinks the current chain token market is in a very poor state.
➤ He said many newly launched chain tokens continue to trend downward.
➤ He does not want an Abstract token launch unless it is fundamentally different, innovative, and large-scale.
➤ He said "winning" means reaching metrics comparable to top chains.
➤ However, he implied that the real key lies in the Project Quantum model.
➤ He said that if executed at the right time, it could become one of the biggest launches in crypto history.
➤ He also acknowledged that the same model could fail if launched under unfavorable market conditions.
➤ He stated, "One wrong decision can ruin everything."

🔥 PROJECT QUANTUM
➤ Project Quantum initially focused on chain workload and infrastructure.
➤ It later evolved into a complete reinvention of how token launches work.
➤ Luca believes the current token launch model is broken.
➤ He specifically believes that most post-1010 token launches are effectively "dead on arrival."
➤ He described Project Quantum as both a new financial instrument and a new token launch model.
➤ He explained that they spent millions of dollars on legal work, research, and regulatory efforts to build it.
➤ He stated that it has the potential to "change crypto tokens forever."
➤ He revealed that Abstract has cost roughly $30-40 million to build so far.
➤ He said Project Quantum consumed a significant portion of that budget.

🔥 Major Bank + Payment Processor Details
➤ Luca revealed that they received a $300 million SPAC/term sheet from a major bank.
➤ The original goal was to acquire a payment processor and connect it to the Abstract ecosystem.
➤ He specifically mentioned MoneyGram as an example.
➤ Initially, Project Quantum was designed around bringing payment processor workloads onto Abstract.
➤ He later explained that the project evolved into something much larger.

🔥 Luca's Overall Mentality
➤ He is focused on building long-term systems rather than chasing short-term hype.
➤ He does not want to give away large portions of the network to venture capital firms.
➤ He wants the community to retain more ownership.
➤ He said, "I came here to make people successful."
➤ He emphasized that he prefers launching things correctly rather than launching them quickly.

[ABSTRACT | EUROPE @AbstractEurope]

@AbstractChain big W 👏🏼

[Abstract @AbstractChain]

The Abstract Portal keeps leveling up.

The Portal was built to help solve crypto’s distribution problem with discovery, incentives, and social signals.

With 850K MAU, 5.6M+ badges collected, and 13.8M+ app votes, the Portal has quickly become a home screen for onchain apps ✳️

[MAXIMUS @maximusss]

One-on-one with @LucaNetz https://t.co/RI0veYXNnE

[Abstract Ecosystem @Abstract_Eco]

The Abstract ecosystem continues to grow, with more happening every week.

Here are some moments you may have missed 🧵

[AbsTV @AbsTVx]

Culture is community-built.

Introducing AbsTV- a platform dedicated to spotlighting the content, tools, moments and personalities shaping the Abstract ecosystem experience.

Whether you’re making content, hosting spaces, building apps, creating memes, streaming games, designing art, organizing events or simply contributing to the vibe- this is for you.

✳️ Discover creators

✳️ Support community talent

✳️ Celebrate the culture

Tag creators we should feature and drop your favorite content below 👇

[Abstract Ecosystem @Abstract_Eco]

The latest XP update is now live on the Portal.

How did you stack up? ✳️

[Abstract Ecosystem @Abstract_Eco]

Fading Abstract is like buying two pizzas for 10,000 $BTC in 2010, you’ll probably regret it.

[Abstract @AbstractChain]

We're proud to announce that @BitkubOfficial has officially integrated Abstract ETH for on and off-ramp support.

Users can now seamlessly deposit and withdraw through the Abstract network, simplifying access and saving time.

We’re making onchain easier for everyone ✳️

[Abstract @AbstractChain]

Physical collectibles are thriving on Abstract with over $16.3M+ in trading volume generated by fans, collectors, and investors.

Here are some of the brands helping drive growth in the physical collectible market across the Abstract ecosystem 👇

[ABSTRACT | EUROPE @AbstractEurope]

@Abstract_Eco

[Abstract Ecosystem @Abstract_Eco]

The latest XP update is now live on the Portal.

How was your week? ✳️