Let’s briefly explore the projects and upcoming activities on Abstract.
About the Project
Abstract is a Layer 2 blockchain on Ethereum, developed by Igloo Inc. (creators of Pudgy Penguins). Its goal is to provide high scalability, low fees, and accessibility to blockchain technology for mass adoption.
Key Features:
- ZK-Rollup: A technology for processing transactions off the main Ethereum network with high security.
- Consumer-Focused Applications: Support for gaming, social networks, and NFTs.
- Abstract Global Wallet: A simplified wallet without complex passwords or seed phrases.
- Panoramic Governance: A decentralized governance model that incentivizes ecosystem growth.
Backers: Electric Capital, 0xMaki, Igloo, Luca Netz, and Ray Chan. The investment amount remains undisclosed.
Strong Twitter Following: Representatives from Coinbase, a16z, Animoca Brands, eGirl Capital, Delphi Digital, Electric Capital, Fabric Ventures, Stani Kulechov (Aave), Andrew Kang, Alex Svanevik (CEO of Nansen), CoinMarketCap, ZKsync, EigenLayer, and more.
Mainnet Launch: Scheduled for January 2025.
Airdrop for Pudgy Penguins (Pengu) Holders
Many expect an airdrop for Pengu holders since Abstract and Pudgy Penguins share the same development team.
While this is likely, the Pengu chart doesn’t show much enthusiasm, and there’s no clear insider activity.

Chart Analysis:
- Downtrend transitioning into consolidation.
- No clear reversal signals.
- Support level at ~$0.025, which has held multiple times.
- Key resistance around $0.03.
- Traded on Binance, Kucoin, Gate, etc. (Not on Coinbase or Korean exchanges).
- Good circulation – ownership may have shifted.
- Strong performance for an airdropped token.
Team
- Luca Netz (CEO of Igloo Inc.): Started his career at Ring Doorbell. Founded successful companies like La Gold Cartel and Manners Holdings. Acquired Pudgy Penguins for 750 ETH (~$2.5M) in 2022.

- Peter Lobanov (Partner and Creative Director of Pudgy Penguins): Previously ran the design studio Bureaux.

Builder-in-Residence Program Projects
On January 17, the Abstract Chain team announced a rewards system set to launch after the mainnet release.
The system is based on earning XP points for network activity and interaction with Abstract applications. It includes three types of achievements: instant, weekly, and secret badges. Developers receive monthly rewards based on a three-tier system tied to their product’s popularity.
Here are five projects likely to earn XP points:
OnchainHeroes
- RPG game on Abstract with an upcoming mainnet launch and NFT collection (Herolist).
- Features XP rewards for gameplay and NFT holdings.
- Twitter Score: 22 (decent). Followed by PENGU founder Ansem, a16z, Binance, and influencers.
- NFT Floor Price: 2.77 ETH (~$9,400).
- Activities: Register on the website, engage with the project, and participate in Discord/Twitter.
Moonsheeps
- ERC-404 NFT collection with fractionalized SHEEP tokens for liquidity.
- Twitter Score: 4 (poor). Followed by PENGU founder, Binance, and influencers.
- NFT Floor Price: 0.27 ETH (~$920).
- Activities: Use the Telegram bot and participate in Discord giveaways.
Monsters.fun
- AI platform for creating battle monsters, featuring a coliseum and referral system.
- Twitter Score: 0 (poor). Followed by PENGU founder, Binance, Dragonfly, Coinbase, and influencers.
- Activities: Apply for whitelist and engage on Twitter.
PromotionRoyal
- A game combining mafia and poker mechanics with a career progression system.
- Twitter Score: 0 (poor). No notable fund followers, only influencers.
- Activities: Join Discord.
SmallBrain
- Hybrid casino/polymarket platform rewarding users for predicting news headlines.
- Twitter Score: 98 (excellent). Followed by Paradigm, a16z, Coinbase, IOSG, Electric, Animoca, and influencers.
- Activities: None yet.
Ecosystem Project Map
Explore the full list of ecosystem projects:

NFT: Moonsheeps, Pixelady Maker, Kabu, Ruyui Studios, Canna Sapiens, DSTRCT, RENGA, Hue, Imaginary Ones, Pukecast, Nifty Island, Co-museum, Oekaki Connect, Abstract Hotdogs, Dented Feels, Bozoverse, The Replicants, Bearish, Pengztracted, Onchain Army, Cloud Skies, Based Bulls, Baby Mingles, Final Bosu, Good Vibes Club.
GameFi: Witty (Gigaverse), Frosted Frenz, Monsters.fun, Dojo3, Cardex, Onchain Heroes, Spray and Pray, SOPO, Duper, PXU, Pixel Race Club, OpenSeason, Plooshies, Bear Arena, Pudgy World, Franky's Dinner, WITS TCG, Goblin Delivery, Upcade, Gomble Games, Small Brain Games, ChronoForge, Cosmic Factions, 77-bit, Roach Racing, Play Ember, Prospect, Altura, Pong Pals.
SocialFi: Noodles.fun, Turbo, Kolabland, Create Layer, Memstagram, Swipooor, Rekt Drinks, TurnUp, Meme Depot.
Trading: Vector, Jooce, Swapfun, Looter.ai, Multiplier.
AI: Top Hat, Holoworld, Neura, Kindred, Mirai.
Launchpads: Zoo.fun, Vibe, Buzz.fun, Seedify.
Available Activities
Join the Waitlist for Early Bird Access:
- Visit Abstract’s website.
- Click “Join Waitlist.”
- Enter and confirm your email.
Bridge ETH between Sepolia and Abstract Testnet:
- Use the bridge: Abstract Testnet Bridge.
Run a Node (Optional):
- Follow the official guide: Abstract Node Setup.
Useful Links
- Website: https://abs.xyz/
- Twitter: https://x.com/abstractchain
- Discord: https://discord.com/invite/abstractchain
Stay tuned for updates and dive into the Abstract ecosystem!