Pudgy Penguins, the popular NFT project known for its adorable penguin characters, is making a strategic move to expand its ecosystem. Igloo, the parent company of Pudgy Penguins, has recently acquired Frame, a blockchain development studio, with the aim of creating a dedicated Layer 2 solution for the project.
Frame Joins Forces with Igloo
Frame, co-founded by renowned blockchain developers Cygaar and Beans, brings extensive expertise in on-chain protocols and NFT projects. With Frame's team joining Igloo, the focus will be on developing a new Layer 2 solution specifically designed for Pudgy Penguins. This move is expected to streamline transactions, reduce costs, and enhance the overall user experience for Pudgy Penguin holders.
Bridging Web2 and Web3
The new Layer 2 aligns with Igloo's broader vision of making blockchain technology more accessible to the general public. Igloo was established to create an end-to-end ecosystem for new crypto users, and Pudgy Penguins has been instrumental in introducing many individuals to the world of Web3. By building a dedicated Layer 2, Igloo aims to further bridge the gap between Web2 and Web3, making it easier for both seasoned collectors and newcomers to engage with Pudgy Penguins and other NFT projects.
Abstract Chain: A Culture-Driven Economy
The Layer 2 will be built on Abstract Chain, a platform that leverages zero-knowledge proofs to create a culture-driven economy on-chain. Abstract Chain is designed to prioritize user experience and accessibility, ensuring that even those unfamiliar with blockchain technology can easily participate in the Pudgy Penguins ecosystem.
Enhancing the Pudgy Penguins Experience
The development of a dedicated Layer 2 is a significant step for Pudgy Penguins, as it will allow the project to offer a more seamless and efficient experience for its community. The reduced transaction costs and faster confirmation times will make it easier for users to buy, sell, and trade Pudgy Penguins, while the enhanced security and scalability will ensure the long-term sustainability of the project.
June 2024, Cryptoniteuae