Abstract to Shut Down Dec. 15, Decrypt Reports
Decrypt.co reports that Pudgy Penguins’ Ethereum layer-2 network Abstract will shut down on Dec. 15. The project said a chain focused solely on consumer crypto proved unsustainable and urged users to bridge assets off before then.
According to decrypt.co, Pudgy Penguins’ Ethereum layer-2 network Abstract will shut down on Dec. 15.
The project said a chain focused solely on consumer crypto proved unsustainable. It is urging users to bridge their assets off the network before the shutdown date.
Key Takeaways
- Decrypt.co reported that Abstract will shut down on Dec. 15.
- The project said a chain focused solely on consumer crypto proved unsustainable.
- Users are being urged to bridge their assets off before the shutdown.
Context
Abstract is an Ethereum layer-2 network associated with Pudgy Penguins. Layer-2 networks are built to handle transactions outside Ethereum’s main chain, and projects in this category often depend on sustained user activity to remain viable.
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