Igloo Inc., the company behind the popular Pudgy Penguins non-fungible tokens (NFTs), has announced its acquisition of Frame, a move aimed at enhancing the consumer crypto experience by developing Abstractchain. This new project seeks to address the limitations of current layer two (L2) solutions and promote cultural and community-driven crypto adoption.

According to Igloo's CEO, Luca Netz, the acquisition is part of the company's strategy to improve infrastructure and distribution within the crypto space, focusing on enhancing the consumer crypto revolution. Netz believes that existing L2 solutions have prioritized technological advancements over cultural expansion, a gap that Abstractchain aims to fill by fostering community, culture, and distribution.

The acquisition is expected to leverage advanced cryptographic techniques and technologies, such as the ZK stack and Eigenda, to provide a secure, fast, and cost-effective platform for developers and users alike. By integrating Frame's team and technology, Igloo plans to build the largest on-chain community, facilitating a more user-centric crypto ecosystem.

The development of Abstractchain is seen as a significant step towards mainstream crypto adoption, addressing the challenges faced by current L2 solutions. Igloo's move is expected to promote cultural and community-driven crypto adoption, enhancing the consumer crypto experience.

In conclusion, Igloo's acquisition of Frame and the development of Abstractchain mark a significant milestone in the crypto industry's journey towards mainstream adoption. By addressing the limitations of current L2 solutions and promoting cultural and community-driven crypto adoption, Igloo is poised to play a key role in shaping the future of the consumer crypto revolution.