I bought my first fat penguin @pudgypenguins 3 years ago, at a cost of 0.7E, worth 2800U. At that time, I bought it simply out of pure love. Even if it was worth nothing, I still thought it looked good.
Unlike other blue chips, Fat Penguin really exploded in the bear market. After the community split, the @LucaNetz team took over and led Fat Penguin to develop in both Web2 and Web3, gaining support from a number of industry OGs. The floor was as high as over 20E, surpassing Boring Ape at one point, becoming the face of the entire NFT sector, and one of the few projects that can maintain its floor without relying on Ponzi schemes.
For holders, this process is hard but wonderful. Like me, many early holders have witnessed the ups and downs of Fat Penguin, experienced confusion and helplessness, but chose to continue holding because of their love for it, and never thought that they would be hit by various airdrops.
Today, the holders have finally seen the light. DYM, OMNI, ZK, L0 and other awesome projects have successively extended olive branches to Fat Penguin. The holders not only benefited from the amazing growth of Fat Penguin, but also made a lot of money from airdrops. The airdrop income alone has paid back N times, and there will be countless surprises in the future.
In the more than 1,000 days of holding Fat Penguin, I kept CXing people around me. Unfortunately, only a few group members represented by Benlin @baofuliu obeyed and followed my instructions. As a result, they reaped returns far beyond their expectations. I am really happy for them.
If you missed the Fat Penguin, I recommend you the L2 of Fat Penguin today: @AbstractChain. This is a consumer-centric blockchain built on ZK, aiming to build the world's largest on-chain community, driven by the cultural economy, and using the ZK technology stack and EigenDA services to provide low-cost, fast and secure transactions.
In June this year, Fat Penguin's parent company Igloo acquired the on-chain creator economy platform Frame. The two parties will jointly build the L2 network Abstract Chain designed specifically for on-chain culture and community, and plan to introduce new economic mechanisms on the network.
One month later, Igloo announced the completion of a $11 million financing round, led by Founders Fund, with participation from Distributed Capital, 1kx, EVG and Selini Capital. Igloo plans to use this strategic financing to develop its new business, Cube Labs, which will participate in the development of Abstract as a contributor.
Among all the investors, we would like to highlight the lead investor Founders Fund and the participating investor EVG:
①Founders Fund
A San Francisco-based venture capital firm founded in 2005, the firm and its partners are investors, founders, and early employees of notable technology companies, including PayPal, Facebook, SpaceX, and Palantir Technologies.
Founders Fund has raised five funds to date, managing total capital of more than US$2 billion. Its investment areas include aerospace, artificial intelligence, advanced computing, energy, health and consumer Internet. It is committed to investing in companies building revolutionary technologies at every stage. If you are interested, please check it out.
②EVG
EVG is a comprehensive Web3 venture capital group with an international vision based in Hong Kong, China. It has invested in and participated in the development of more than 100 projects, including Animoca Brands, Berachain, Immutable, Flow, Sandbox, Yuga Labs, Celestia, Eclipse, etc.
To sum up, Abstract is the new territory of the Fat Penguin Empire. With $11 million in financing and extensive Web2+Web3 resources, it will ride the wind and waves in a larger track in the future. It is incomparable to ordinary L2 and is worthy of in-depth participation.
Currently, Abstract has opened its testnet and is expected to be launched on the mainnet later this year. In other words, we don’t have much time left to ambush. If you don’t want to miss out on Abstract, follow the following guide to get started.
1. Participate in the test
The Abstract testnet can currently perform cross-chain operations, and the official bridge supports asset transfers between the Ethereum Sepolia testnet and the Abstract testnet.
①Sepolia test network to get water: https://www.alchemy.com/faucets/ethereum-sepolia
②Bridge Sepolia-ETH to Abstract: https://portal.testnet.abs.xyz/bridge
③Transfer Abstract-ETH back to Sepolia. After the cross-chain, don’t forget to click [Transfers] —— [Go to Claim] to confirm.
Tips: You can get water directly on the Abstract test network and try it out↓
https://faucet.triangleplatform.com/abstract/testnet
2. Make contributions and get roles
Referring to the rules in the DC [rank-up] channel, there are currently two core roles - Elite Chad and Giga Chad. Whether you are a developer, content creator or community member, you can obtain these roles by making contributions.
Fat Penguin has always valued the community, and I believe Abstract will not disappoint early contributors. Please start your performance while there are few people rushing to participate, and don't wait until a lot of people FOMO and follow suit.
Core: Do something valuable for the project and let them discover it.
3. Keep DC active + participate in activities
The official organizes community activities such as AMA and competitions almost every week. Active participation will give you a chance to get a role.
1. Buy the Fat Penguin NFT. If you have money, you can consider buying the Fat Penguin. The probability of getting an airdrop from Abstract in the future is almost 100%. Of course, there will be a bunch of airdrops from other projects, so wait and see.
