PANews reported on June 29 that according to official news, 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, and the Frame team will now join Igloo. The acquisition aims to develop a Layer 2 network Abstract Chain designed specifically for on-chain culture and community, empower builders, and introduce innovative economic mechanisms on the chain.