Pudgy Penguins parent company acquires Web3 creator platform Frame to build new L2

TechFlow news: According to official announcements, Igloo Inc., the parent company of the NFT project Pudgy Penguins, has acquired Frame, a creator economy platform built on-chain. The terms of the transaction have not been disclosed, and the Frame team will now join Igloo. The acquisition aims to develop Abstract Chain, a Layer 2 network designed specifically for on-chain culture and communities. The platform seeks to pioneer a new era driven by cultural economies, create distribution pathways, empower builders, and introduce innovative economic mechanisms on-chain.