Pudgy Penguins' parent company Igloo completes over 11 million in financing, with Founders Fund leading the investment.

Foresight News reported that Igloo, the parent company of Pudgy Penguins, announced the completion of over 11 million in financing. This round of funding was led by Founders Fund, with participation from Distributed Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo plans to allocate this strategic financing to develop its new business, Cube Labs, overseeing and contributing to the development of the consumer-focused blockchain, Abstract. This blockchain is incubated by the non-profit organization Abstract Foundation, and its testnet will be launched soon.