🔗 ENS Partners with Linea for Namechain. The Ethereum Name Service (ENS) announced that it's developing its Layer 2 network, Namechain, using Linea's zkEVM technology stack.
🐧 Pudgy Penguins $PENGU Airdrop Launches. The new ecosystem token launched on Solana yesterday, quickly becoming the 68th-largest crypto with a $2.25 billion market cap.
🌐 Lens Raises $31M to Propel SocialFi Scene. The onchain social network just closed a $31 million funding round led by Lightspeed Faction to accelerate its SocialFi ecosystem.
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ANALYSIS
The Consumer Chain: Getting Ready for the Abstract L2
Slated to launch in January 2025, Abstract is one of the big new contenders in Ethereum's Layer 2 landscape.
Backed by the team behind the Pudgy Penguins and with bold ambitions to become crypto's go-to destination for betting, gaming, onchain social, and beyond, Abstract’s team is doubling down on UX and innovation.
In today’s post, I’ll explore what makes Abstract unique, its key features like native account abstraction and Panoramic Governance, and some upcoming projects that are launching shortly on the L2.
If you’re curious about what the future of consumer crypto could look like, read on to dive into Abstract’s big bet! 👇
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