Breaking News: Abstract Blockchain Platform Revolutionizes Mainstream Adoption with User-Friendly Approach

Title: Pudgy Penguins Parent Company Develops New Layer-2 Blockchain Called Abstract

Pudgy Penguins’ parent company, Igloo Inc., has announced the development of a new layer-2 blockchain platform called Abstract. This innovative project aims to create a user-friendly and accessible ecosystem for mainstream adoption.

The concept revolves around abstracting away complexities like gas fees and seed phrases, allowing users to interact with blockchain-based applications without technical knowledge. The Abstract wallet system offers an intuitive experience by removing these barriers, making it easier for new entrants to start using blockchain services.

Moreover, the platform focuses on creating real-world use cases that cater to average consumers’ daily needs. This includes games, social platforms, trading services, and more. By concentrating on user-centric applications rather than exclusively targeting financial services or decentralized banking, Abstract differs from existing blockchains.

Abstract has also introduced Panoramic Governance, a novel system designed to align the interests of developers and users. This innovative approach rewards active participants with fee sharing and grants voters control over which projects receive additional support.

In addition, prominent Web3 companies have already expressed interest in collaborating with Abstract. Magic Eden, a popular NFT marketplace, will enable NFT trading on launch. Dune Analytics will provide critical blockchain data analysis, while LayerZero will facilitate cross-chain communication capabilities.

As of now, the platform operates on a testnet, permitting developers to refine their applications and ensure stability before the mainnet’s January 2025 release.

Source: blockonomi.com