The Frame team will join Igloo in developing Abstract Chain, a layer-2 network designed for consumer crypto experiences.
Igloo Inc., the parent firm behind the popular NFT project Pudgy Penguins, acquired the on-chain creator economy platform Frame. The terms of the deal were not revealed.
The Frame team will now join Igloo. "By combining forces, we will provide the infrastructure and distribution necessary to usher crypto into the consumer crypto revolution," Netz added. "Abstract will pioneer a new era driven by the culture economy, create distribution rails, empower builders and introduce innovative economic mechanisms on-chain," Frame wrote on the social media platform X.
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