WorldPingAbstract will shut down on Dec.
15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disney and Red Bull Racing.
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Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses
Open USD supply hits $666 million as 10 wallets trap most tokens
Cardano gives token issuers power to freeze, seize and restrict assets
Pudgy Penguins’ Abstract becomes second Ethereum layer 2 to shut in a week
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.
Read the full report at CryptoSlateLiving hubs that keep updating as this story develops.
WorldPingThe consumer-focused blockchain will close Dec. 15 after Igloo spent tens of millions supporting it, days after Blast said its own network was no longer worth operating.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingThe new standard is aimed at regulated stablecoins, funds and bonds whose issuers need identity checks, sanctions controls and other transfer rules built into the asset itself.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingCrystal’s October 5 snapshot found $396 million unmoved in eight Tempo wallets, while customer activity inside custody accounts remains unknown.
Brief by WorldPing · Original reporting by CryptoSlate
WorldPingIgloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.
Brief by WorldPing · Original reporting by Cointelegraph
The arrest of a Marine has provoked impassioned protest at a time when the two countries are seeking to bolster security in the region.
Brief by WorldPing · Original reporting by Washington Post
WorldPingRussian missiles and drones killed at least 12 people in Ukraine, including three children, in what President Volodymyr Zelensky called a “massive” strike on Wednesday.
Brief by WorldPing · Original reporting by France 24
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