Abstract Launches Testnet Powered by ZK Stack on Ethereum Sepolia
According to Odaily, Abstract, a consumer-focused crypto application, has launched its testnet on platform X. This Layer 2 solution, supported by ZK Stack, operates on the Ethereum Sepolia testnet, providing developers with an environment to test their applications before Abstract's mainnet launch later this year.
In related news, Igloo, Inc., the parent company of Pudgy Penguins, has raised over $11 million in a funding round led by Founders Fund. Other participants included Distributed Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo plans to utilize this funding to develop Cube Labs, which will oversee and contribute to the development of Abstract.
Abstract, incubated by the non-profit Abstract Foundation, aims to bring billions of people onto the blockchain for the first time. The testnet is expected to go live soon, marking a significant step toward mainstreaming crypto adoption.
Stay tuned for further updates on Abstract's progress as it works to revolutionize the blockchain landscape with consumer-focused applications.