![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
Igloo, Inc, the parent company of popular NFT brand Pudgy Penguins, has raised over $11 million in funding to develop a new Ethereum layer-2 scaling network called Abstract, the company announced Tuesday.
The funding round was led by Founders Fund, with additional investments from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital.
Igloo will use the funds to establish Cube Labs, a new venture that will oversee the development of Abstract, an Ethereum layer-2 network. In June, Igloo announced the acquisition of Frame, an NFT-centric layer-2 network, with plans to have that team contribute to Abstract.
“While building Pudgy Penguins, we’ve come to the unfortunate truth that current L2s are not built for the consumer crypto revolution,” Igloo Inc. CEO Luca Netz tweeted last month. “This acquisition allows us to address these challenges head-on and create an ecosystem that supports and enhances the consumer crypto experience.”
Teaser artwork for Abstract. Image: Igloo/Cube Labs
Igloo Inc. says that Abstract, which will soon launch its testnet, is designed to make building decentralized apps (dapps) easier, cheaper, and safer using zero-knowledge cryptography.
“Our vision is to change the dynamic of how users interact with blockchain technology and easily merge both the real and digital worlds,” said Netz, in a release.
Pudgy Penguins was launched in the heart of the 2021 NFT bull run, but the original team lost community support in the months that followed.
Netz and team acquired the project IP in 2022 and rebuilt it into a consumer brand, including with toys that launched last year and have expanded into retailers like Walmart and Target. Now, Pudgy Penguins is one of the most valuable NFT projects around, with its original Ethereum profile pictures (PFPs) starting at a price higher than the Bored Ape Yacht Club.
Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Andrew Hayward.
Your web site won’t render properly on my iphone4 – you may wanna try and fix that
I also believe that mesothelioma is a scarce form of cancer that is usually found in people previously exposed to asbestos. Cancerous cells form within the mesothelium, which is a safety lining that covers the majority of the body’s bodily organs. These cells commonly form from the lining from the lungs, abdomen, or the sac which encircles one’s heart. Thanks for expressing your ideas.
Good day very nice site!! Man .. Excellent .. Superb .. I will bookmark your blog and take the feeds additionally?I’m satisfied to find a lot of helpful info right here within the publish, we want work out more strategies on this regard, thank you for sharing. . . . . .
In my opinion that a property foreclosure can have a important effect on the debtor’s life. Mortgage foreclosures can have a 7 to few years negative effects on a borrower’s credit report. The borrower having applied for a mortgage or virtually any loans for that matter, knows that your worse credit rating is definitely, the more tricky it is to get a decent mortgage loan. In addition, it could possibly affect a borrower’s capability to find a quality place to let or rent, if that turns into the alternative housing solution. Good blog post.
Hey there! I could have sworn I’ve been to this blog before but after reading through some of the post I realized it’s new to me. Anyhow, I’m definitely happy I found it and I’ll be bookmarking and checking back frequently!
Together with the whole thing that appears to be developing inside this particular area, a significant percentage of points of view happen to be very stimulating. Even so, I am sorry, but I can not subscribe to your whole plan, all be it radical none the less. It seems to me that your commentary are actually not completely validated and in simple fact you are yourself not even thoroughly confident of your argument. In any case I did appreciate examining it.
I have realized that of all kinds of insurance, medical care insurance is the most controversial because of the struggle between the insurance company’s duty to remain afloat and the client’s need to have insurance plan. Insurance companies’ profits on wellbeing plans are very low, thus some companies struggle to profit. Thanks for the concepts you discuss through your blog.
Thanks for your article. I would also like to say a health insurance brokerage service also utilizes the benefit of the particular coordinators of any group insurance. The health agent is given a listing of benefits desired by a person or a group coordinator. What a broker does indeed is try to find individuals or coordinators which best go with those needs. Then he provides his recommendations and if the two of you agree, the broker formulates a binding agreement between the 2 parties.
Have you ever thought about adding a little bit more than just your articles? I mean, what you say is fundamental and all. However think of if you added some great visuals or video clips to give your posts more, “pop”! Your content is excellent but with pics and clips, this blog could certainly be one of the very best in its niche. Awesome blog!
I?m not sure the place you are getting your information, however good topic. I needs to spend a while studying much more or understanding more. Thank you for excellent information I used to be looking for this info for my mission.
I?ve learn a few good stuff here. Certainly value bookmarking for revisiting. I wonder how a lot attempt you put to create the sort of great informative web site.
clomid without rx how to get generic clomid tablets how to buy clomid pill where buy clomiphene tablets can you get clomid online clomiphene prescription uk can you get cheap clomid for sale
I am in truth thrilled to gleam at this blog posts which consists of tons of of use facts, thanks for providing such data.
I have been browsing on-line more than 3 hours lately, but I never discovered any interesting article like yours. It is lovely value sufficient for me. In my view, if all website owners and bloggers made good content material as you did, the web will be much more useful than ever before.
This is a question which is forthcoming to my heart… Myriad thanks! Faithfully where can I lay one’s hands on the connection details for questions?
zithromax order – ciplox 500mg canada buy metronidazole 200mg generic
Very great post. I simply stumbled upon your weblog and wanted to mention that I’ve truly enjoyed surfing around your blog posts. After all I will be subscribing on your feed and I hope you write once more very soon!
Hey there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Thank you!
buy semaglutide 14mg generic – buy generic semaglutide buy cyproheptadine 4mg sale
buy generic domperidone online – flexeril 15mg over the counter buy cyclobenzaprine 15mg generic
cost inderal 20mg – inderal usa methotrexate 2.5mg uk
WONDERFUL Post.thanks for share..more wait .. ?
purchase amoxicillin generic – cost diovan 80mg combivent order online