According to BlockBeats, on June 29, Igloo Inc., the parent company of the NFT project Pudgy Penguins, has acquired the on-chain creator economy platform Frame. The terms of the transaction have not been disclosed. The Frame team will now join Igloo. The purpose of this acquisition is to develop a Layer 2 network Abstract Chain designed specifically for on-chain culture and community. The platform aims to usher in a new era driven by cultural economy, create distribution tracks, empower builders, and introduce innovative economic mechanisms on the chain.
