According to BlockBeats, Igloo Inc., the parent company of the NFT project Pudgy Penguins, has acquired Frame, a platform for the on-chain creator economy. The terms of the transaction have not been disclosed, and the Frame team will now join Igloo. The purpose of this acquisition is to develop a Layer 2 network, Abstract Chain, specifically designed for on-chain culture and community. This platform aims to usher in a new era driven by the cultural economy, create distribution tracks, empower builders, and introduce innovative economic mechanisms on-chain.
Igloo Inc., Parent Company of NFT Project Pudgy Penguins, Acquires Frame
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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