ChainCatcher news, Pudgy Penguins CEO Luca Netz confirmed that users with the Elite role in the Abstract Discord group will be eligible for the PENGU token airdrop.In addition, the Abstract Chain community administrator confirmed in the Discord community that community members who have obtained the Elite role and completed the form (submission window has closed) will receive the PENGU airdrop and will gain corresponding rights after the Abstract Chain mainnet launch.

ChainCatcher news, according to official sources, the Layer 2 network Abstract Chain, designed specifically for on-chain culture and community, will launch its mainnet in January next year.Previous news, the NFT project Pudgy Penguins' parent company Igloo Inc. has acquired the on-chain creator economy platform Frame, with the aim of developing a Layer 2 network Abstract Chain designed specifically for on-chain culture and community.

ChainCatcher news, NFT project Pudgy Penguins' parent company Igloo announced that its token PENGU will adopt a multi-chain deployment strategy, launching not only on the previously announced Solana chain but also on Ethereum and Abstract Chain.Igloo stated that this move aims to create the largest on-chain community and expand the audience for the Pudgy Penguins ecosystem through multi-chain deployment.Previous news, Pudgy Penguins announced that it will launch the project token PENGU in 2024.

ChainCatcher message, Ethereum co-founder Vitalik Buterin expressed his views on the development model of chain abstraction startups. In response to community users' concerns that "chain abstraction startups are creating new technological islands, posing challenges to interoperability," Vitalik stated: "We need to relearn the idea of undertaking important collective projects, rather than defaulting to 'startups' as the mode. Startups are not the right form to solve all problems."

ChainCatcher news, according to official sources, the ZK-driven interoperability protocol Union has announced its integration with the modular General Abstract Layer XION, bringing chain abstraction into the Union ecosystem. This will provide the growing list of connected chains in the Union network with XION's user-friendly features, reducing friction in the web3 user experience.With the integration of XION, all users on Union's connected chains will gain powerful new capabilities along with Union's fast, low-cost, and secure ZK-supported transaction and messaging functionalities.

According to ChainCatcher news, the Bitcoin staking protocol Solv Protocol has announced the launch of the Staking Abstraction Layer (SAL). This Bitcoin staking solution aims to enhance the standardization and interoperability of the Bitcoin staking ecosystem by abstracting the technical differences and operational methods of different staking. BNB Chain, Chainlink, and Ceffu are partners of SAL.

ChainCatcher news, XION announced on X that it is integrating with Sei to bring Chain Abstraction into Sei's thriving high-speed multi-VM ecosystem. This integration enables seamless native asset flow and unified accounts, benefiting developers and users within the ecosystem.XION's Chain Abstraction is capable of building highly composable and user-friendly Web3 applications, abstracting away all the complexities of cryptocurrency. Sei V2 offers improved accessibility and scalability for developers through its high-speed multi-virtual machine platform, enabling more interconnectivity across ecosystems with the integration of Sei V2. This integration will also enhance cross-ecosystem functionality, improve user experience, and increase developer accessibility.

ChainCatcher news, the modular universal abstraction layer XION announces integration with the blockchain network Sei, introducing Chain Abstraction technology for Sei's rapidly growing ecosystem.This integration will achieve seamless flow of native assets and accounts through the IBC protocol, creating new opportunities for cross-chain interoperability within the Sei network while expanding the coverage of XION's chain abstraction solutions.

ChainCatcher news, according to The Block, the DeFi abstraction platform Infinit has completed a $6 million funding round, with participation from Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes' family office Maelstrom, Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.It is reported that the new funds will be used to enhance its infrastructure and provide a smoother service experience for DeFi protocol builders.

ChainCatcher news, the Manta Foundation announced a strategic investment in the chain abstraction liquidity aggregation protocol Cycle Network, with the specific financing amount undisclosed. Other investors include Summer Ventures, Vertex Ventures, and others.Cycle Network has applied for the Manta Foundation's $50 million ecosystem fund. This investment aims to promote Web3 development, particularly in enhancing liquidity, cross-chain connectivity, and efficiency among ecosystems.It is reported that Cycle Network was selected for Binance Labs' seventh season incubation program in July this year.