Pudgy Penguins' parent company acquires Web3 creator platform Frame to build a new Layer 2

According to ChainCatcher news, the official announcement states that the NFT project Pudgy Penguins' parent company Igloo Inc. has acquired the on-chain creator economy platform Frame. The terms of the deal have not been disclosed, and the Frame team will now join Igloo. The purpose of this acquisition is to develop a Layer 2 network called Abstract Chain, specifically designed for on-chain culture and community. This platform aims to usher in a new era driven by the cultural economy, creating distribution tracks, empowering builders, and introducing innovative economic mechanisms on-chain.