Igloo, Inc., a Miami, FL-based collection of companies and Pudgy Penguins’ parent company, raised $11M+ funding.
The round was led by Founders Fund with participation from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital.
The company intends to use the funds to establish Cube Labs, a new venture under the Igloo banner, to lead blockchain research and technology development.
Cube Labs will oversee and contribute to the development of Abstract, a new consumer-focused blockchain designed to drive the mass adoption of crypto.
Igloo, Inc. is a collection of companies, the largest of which is Pudgy Penguins. Founded in 2024, people use its wide range of crypto-native products and platforms each day, from Pudgy Penguins®, Pudgy World™, OverpassIP™, and more.
Abstract is a consumer-focused blockchain empowered by ZK cryptography for consumer crypto, pioneering culture, community, and creativity onchain. It aims to build an onchain community, driven by the culture economy, leveraging ZK Stack and EigenDA to provide cheap, fast, and secure transactions.
FinSMEs
23/07/2024