Pudgy Penguins’ Abstract Closes, Marking Second Ethereum Layer 2 Shutdown in a Week

T2Covered by 1 source · first reported by Gadgets360 (NDTV) via FeedBurner at 07 Oct, 09:49 UTC

Pudgy Penguins’ parent organisation is shutting down Abstract, its Ethereum Layer 2 network, after investing tens of millions of dollars into the project. The blockchain will stop operating on December 15, with users asked to withdraw their assets beforehand. The decision follows limited liquidity…