Igloo Inc. raised over $11 million in July 2024, led by Founders Fund, to develop Abstract, its Ethereum layer-2 network, after acquiring Frame in the summer of 2024

From the articlePudgy Penguins-backed Ethereum L2 Abstract to shut down after losing 'tens of millions'Also in Pudgy Penguins Owner Is Shutting Down Its Abstract Chain, Where $47 Million Still Sits - Unchained