✉news BusinessStartups first seen 2 d ago, last 2 d ago, peak #7
Pudgy Penguins owner shuts down its Abstract blockchain
Original: Pudgy Penguins owner is shutting down its own blockchain Abstract
The company behind the Pudgy Penguins NFT brand is winding down Abstract, its own consumer blockchain, Fortune reports. Abstract launched to bring mainstream users on-chain around the popular penguin intellectual property, but the project is now being discontinued. The move is being read as another sign that ambitious crypto infrastructure bets tied to NFT brands are struggling to find sustainable footing.
Why now: A high-profile NFT company is abandoning its own blockchain, highlighting fading enthusiasm for consumer crypto projects.
Evidence
- Pudgy Penguins owner is shutting down its own blockchain Abstract · Startup Fortune
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