DeepTechFlow news, the blockchain project Abstract announced that its testnet has officially launched. The Abstract testnet is supported by ZK Stack and operates as a Layer 2 (L2) network on the Ethereum Sepolia testnet. Developers can utilize this testnet to test their applications and ensure smooth operation before the mainnet launch later this year. In previous news, Igloo, Inc., the company behind Pudgy Penguins, announced the completion of a $11 million financing round, led by Founders Fund, with participation from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo plans to use this funding to establish a new entity, Cube Labs, focusing on blockchain technology development. Cube Labs will primarily develop a blockchain named Abstract, aiming to simplify the adoption of cryptocurrencies in consumer applications.

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<p>TechFlow reports that the blockchain project Abstract has announced that its testnet is now officially live. The Abstract testnet is supported by ZK Stack and operates as a Layer 2 (L2) network on the Ethereum Sepolia testnet.</p>
<p>Developers can use this testnet to test their applications, ensuring everything runs smoothly before the mainnet launch later this year.</p>
<p><a href="https://www.techflowpost.com/newsletter/detail_53757.html" target="_blank">In previous news</a>, the company behind Pudgy Penguins, Igloo, Inc., announced the completion of a $11 million funding round led by Founders Fund, with participation from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo plans to use this funding to establish a new entity, Cube Labs, focused on blockchain technology development. Cube Labs will primarily develop a blockchain named Abstract, aimed at simplifying the adoption of cryptocurrencies in consumer applications.</p>
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The encrypted consumer application Abstract has been launched on the testnet, with a lead investment of $10 million from Founders Fund.