Igloo Inc. Partners with Magic Eden to Develop Abstract L2 Blockchain Network

New Collaboration for Abstract Network by Igloo Inc. and Magic Eden

A recent partnership between Igloo Inc., the creator of Pudgy Penguins NFT collection, and Magic Eden, a renowned NFT marketplace, has paved the way for the development of Abstract, a new Layer Two (L2) blockchain network on Ethereum main net. This collaboration aims to introduce a launchpad and marketplace support for NFT collections on the upcoming Abstract network.

Background of Igloo Inc. and Magic Eden

Igloo Inc. established itself as a digital asset incubation studio and toy brand, gaining popularity with its Pudgy Penguins NFT collection. On the other hand, Magic Eden has emerged as a leading multi-chain NFT marketplace supporting various blockchain networks. The partnership signifies a strategic move to enhance the NFT ecosystem and bring a cultural element to Abstract NFTs.

About the Upcoming Abstract L2 Network

The Abstract network, initiated by Igloo Inc., focuses on simplifying blockchain complexities to drive mass adoption. As a zero-knowledge (ZK) Layer Two blockchain network on Ethereum, Abstract utilizes the ZK stack technology for scalability and security. By emphasizing community engagement and discoverability, Abstract aims to offer a consumer-centric platform supported by cutting-edge encryption protocols.

Impacts on the NFT Market

The development of Abstract adds to the growing list of NFT projects creating their blockchain networks. This initiative aligns with the trend of NFT platforms like Blur and Bored Ape Yacht Club exploring custom blockchain solutions. With the integration of Magic Eden’s marketplace functionalities, Abstract is poised to attract a diverse range of NFT collectors and enthusiasts.