news 
Title: Pudgy Penguins Parent Company Develops New Layer-2 Blockchain Called Abstract
Pudgy Penguins’ parent company has made a significant announcement by unveiling a new layer-2 blockchain called Abstract. The innovative platform aims to revolutionize the way people interact with blockchain technology by removing traditional barriers and focusing on mainstream adoption.
Abstract’s native account abstraction allows users to enjoy seamless, gas-free transactions, unlike other blockchains that require users to pay for every transaction in the form of gas fees. This breakthrough feature enables widespread use of blockchain-based applications without overwhelming technical jargon or financial burdens.
The platform’s governance model is another groundbreaking aspect, as it rewards active participants with fee sharing and empowers voters to shape the future of projects on the network. This innovative approach fosters a community-driven ecosystem that prioritizes sustainable growth through transparent alignment with user satisfaction.
To further support this vision, Abstract will launch its mainnet in January 2025, following a thorough testing period on its current testnet. This comprehensive approach guarantees the stability and ease-of-use of core features before the release to the public.
The team at Igloo Inc., led by Luca Netz, emphasizes the importance of blockchain applications that cater to daily personal use cases. They draw inspiration from successful platforms like OpenSea and Pump.fun as examples of what can be achieved with a focus on accessible, user-friendly services. Abstract takes this concept one step further by catering to non-financial services such as social platforms and games.
To promote the accessibility of blockchain technology for everyday users, the wallet system has been designed to simplify the process of using blockchain-based applications without requiring extensive technical knowledge. By eliminating gas fees and seed phrases, users can engage with the platform without worrying about complex financial or security issues.
The Abstract mainnet launch in January 2025 marks a significant milestone in the blockchain industry.
Source: blockonomi.com
