Sophie ScoobyBooby

@pudgypenguins Forever!

[Sophie ScoobyBooby @ScoobyBoobyy]

Cooking something for my fellow penguins!

https://t.co/rC3yU4IPJy

[Luca Netz 🐧 @LucaNetz]

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.

[Sophie ScoobyBooby @ScoobyBoobyy]

Abstract was so much fun lol

[Luca Netz 🐧 @LucaNetz]

Our President 🐧

[Sophie ScoobyBooby @ScoobyBoobyy]

This will be the supercycle we have all been waiting for

[Sophie ScoobyBooby @ScoobyBoobyy]

Life is so good

If you own a penguuu!

[Sophie ScoobyBooby @ScoobyBoobyy]

It’s freeeeezing!

[Sophie ScoobyBooby @ScoobyBoobyy]

$Pengu looks great here

[PENGU Asia @PenguAsia]

For those in KBW 🇰🇷

Join the Huddle as we celebrate the @pudgypenguins x @_LINEFRIENDS launch at their flagship store in Seoul at Myeongdong on Oct 1.

RSVP details below.

[Sophie ScoobyBooby @ScoobyBoobyy]

Gm pengu’s!

[Sophie ScoobyBooby @ScoobyBoobyy]

@pixelcollectr @pudgypenguins Ty

[Sophie ScoobyBooby @ScoobyBoobyy]

OMG I JUST GOT MY ACCOUNT BACK! Been locked out for two years!

WHERE ARE MY FELLOW PUDGYS @pudgypenguins

[Sophie ScoobyBooby @ScoobyBoobyy]

@MK_007 @pudgypenguins Feels gud

[Sophie ScoobyBooby @ScoobyBoobyy]

The trenches feel amazing

[Sophie ScoobyBooby @ScoobyBoobyy]

@Berko_Crypto @pudgypenguins Thank you!

[Kraken @krakenfx]

"Bro, I am in a state of absolute abundance. Crypto. Stocks. Earning rewards. Secure. I'm swimming in options. While you're chasing rugs, I am chilling with my premium, strategic portfolio. This is what building wealth looks like. Fix your mindset, bro. Get on Kraken." -PENGU

[Sophie ScoobyBooby @ScoobyBoobyy]

I
Love
Pengus

[Sophie ScoobyBooby @ScoobyBoobyy]

Want to thank @LucaNetz for all his hard work.

I remember sweeping penguins sub 1E.

He has built an entire brand! We live for times like this.

[Sophie ScoobyBooby @ScoobyBoobyy]

Long live PENGUS.

Pudgy Penguins were written in the stars.

Big believer 🐱

[Sophie ScoobyBooby @ScoobyBoobyy]

Gm.

I’m back after MONTHS.

My prophecy.

[Sophie ScoobyBooby @ScoobyBoobyy]

People laughed when I said we will see penguins trading above 15E. Funny what the bear does to people! Long live pengu’s !