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

Wire Report via Cointelegraph

2LAR Wire Desk (Cointelegraph)
2LAR Wire Desk (Cointelegraph) Syndicated Wire Desk • Published 2026-10-07
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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....

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Syndicated from Cointelegraph. Read the full original report at Cointelegraph Wire.
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