Key Factors:
- Igloo acquires Body to reinforce its Ethereum Layer 2 blockchain, Summary Chain.
- Body’s co-founders, Cygaar and Beans, be part of Igloo to advance the brand new Layer 2 for Pudgy Penguins.
- The transfer goals to bridge Web2 and Web3, making blockchain extra accessible.
Igloo Acquires Body to Improve Layer 2 for Pudgy Penguins
Body’s notable co-founders, Cygaar and Beans, famend blockchain builders, will now be part of Igloo. They’ll deal with constructing the brand new Layer 2 for Pudgy Penguins, which goals to grab the buyer crypto alternative. With Body being sunsetted, Igloo will combine the Body workforce with their experience in growing progressive on-chain protocols and NFT tasks to advance the Summary Chain.
Launched in 2023, Body was co-founded by Cygaar, Beans, and Pablo, who constructed a proprietary on-chain royalty system to guard and reward creators. The acquisition permits Body’s workforce to make the most of its in depth expertise to contribute to Summary Chain, which guarantees a safe, ultra-fast, low-cost, and developer-friendly atmosphere for constructing blockchain options.
Bridging Web2 and Web3 for Broader Blockchain Adoption
Summary Chain goals to pioneer a culture-driven economic system on-chain by using zero-knowledge proofs. The brand new Layer 2 for Pudgy Penguins aligns with Igloo’s technique to bridge the hole between Web2 and Web3, making blockchain expertise extra accessible to most of the people.
Igloo was established to create an end-to-end ecosystem for brand new crypto customers. Inside this ecosystem, Pudgy Penguins has been instrumental in introducing individuals to Web3. The Pudgy NFT assortment stays one of many prime 5 collections throughout all NFT marketplaces, and Pudgy toys have bought out rapidly at main retailers like Walmart and Goal.
The acquisition of Body is anticipated to bolster Igloo’s blockchain capabilities, selling decentralized finance and a community-centered strategy.
