Cointelegraph October 07, 2026

Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.

Source: Cointelegraph
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