
Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract
Just days after the creators of the once-hyped Blast said they’re shutting down the scaler, Abstract is about to follow suit.
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Pudgy Penguins (PENGU) is a community-driven cryptocurrency and NFT project that has evolved into a global cultural phenomenon. Launched in 2021, Pudgy Penguins began as a limited-edition NFT collection featuring unique and rare digital collectibles, which quickly gained popularity. With a strong focus on community engagement and charitable initiatives, such as Pudgy Kindness, Pudgy Penguins has built a dedicated following of millions and has become a leading player in the NFT and cryptocurrency space. The project has released a collection of toys selling at Walmart, Target and other major retailers, as well as hoodies, pins and other merchandise. The project's token, PENGU, is designed to be a deflationary asset, with a portion of the tokens being burned periodically to reduce the overall supply and increase the value of the remaining tokens. With its unique blend of community-driven spirit, charitable initiatives, and limited supply, Pudgy Penguins has established itself as a prominent player in the cryptocurrency market, with a growing ecosystem of enthusiasts, collectors, and investors.

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