#igloo关停abstract区块链聚焦pengu
【Old Leek Watch】
Igloo isn't simply shutting down one chain this time. It's making a major retreat and going all in on Pudgy Penguins.
Over the past 18 months, Igloo has burned tens of millions of dollars keeping Abstract running. Now, that spending is over.
The team, funding, and resources are all being refocused on: Pudgy Penguins + Pudgy NFTs + $PENGU . Igloo had even initially considered issuing a token for Abstract or holding an ICO, but ultimately abandoned the idea.
The reason is straightforward:
Without real demand to support it, issuing a token would just create another new asset for the market to speculate on. But now, there's an interesting development:
The Pudgy Penguins NFT floor price has already risen from around 3.07 ETH to 3.37 ETH.
But $PENGU is still falling.
In other words, the NFT market has already priced in some of the change, while the token hasn't fully caught up yet.
That's what will really be worth watching next.
【Old Leek Watch】
Igloo isn't simply shutting down one chain this time. It's making a major retreat and going all in on Pudgy Penguins.
Over the past 18 months, Igloo has burned tens of millions of dollars keeping Abstract running. Now, that spending is over.
The team, funding, and resources are all being refocused on: Pudgy Penguins + Pudgy NFTs + $PENGU . Igloo had even initially considered issuing a token for Abstract or holding an ICO, but ultimately abandoned the idea.
The reason is straightforward:
Without real demand to support it, issuing a token would just create another new asset for the market to speculate on. But now, there's an interesting development:
The Pudgy Penguins NFT floor price has already risen from around 3.07 ETH to 3.37 ETH.
But $PENGU is still falling.
In other words, the NFT market has already priced in some of the change, while the token hasn't fully caught up yet.
That's what will really be worth watching next.
