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Igloo raises $11m in new funding

Delaware based L2 blockchain company raised $11m in new funding led by Founders Fund.

"Pudgy Penguins has the best 0 to 1 distribution edge we've seen in the crypto space. Instead of paying massive amounts to acquire users, they acquire them organically through the Pudgy brand. They're leveraging this to grow Abstract, a consumer L2 focused on making on-chain experiences mainstream."

Tags

blockchain, web3