Igloo, Inc. raises $11M for new consumer blockchain, Abstract

Igloo, Inc., the parent company behind the Pudgy Penguins NFT collection, has raised $11 million to establish Cube Labs. This new strategic initiative will oversee and further contribute to the development of Abstract, a new blockchain designed to drive mass adoption.

Founders Fund led the financing round with participation from Fenbushi Capital, 1kx, Everest Ventures Group and Selini Capital.