What a packed week in consumer Web3. We cover:
And these are just the highlights. 🤯
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Traders across the U.S. and EU can now buy Bitcoin, Ethereum, Solana, and hundreds of cryptocurrencies using their PayPal account, powered by MoonPay.
Igloo, the parent company of Pudgy Penguins, raised $11M led by Peter Thiel's Founders Fund to develop a new Layer 2 blockchain called Abstract.
Devil’s advocate: Launching a new layer 2 chain is hard, as it’s competitive and liquidity is fragmented.
Zooming out: The race to bring crypto to the masses onchain is heating up. Now, Pudgy Penguins is replicating Disney’s growth strategy from 100 years ago – all digital of course.
Why it matters: Abstract isn't just another blockchain; it focuses on community, culture, and support for builders, offering a unique value proposition in the crowded Layer 2 space. Igloo aims to bring billions of new users into the crypto ecosystem, positioning Abstract as a key player in consumer crypto adoption.
👉 Read our deep dive on Pudgy Penguins here.
MoonPay has partnered with Polymarket, allowing users to buy crypto through MoonPay using all major payment methods including debit and credit cards, Apple Pay, Google Pay, PayPal.
