According to Wu, the consumer-grade crypto network Abstract has announced it will gradually cease operations and officially shut down on December 15, 2026. Users must migrate their assets via the Migration Hub or native cross-chain bridge before this date. Funds not migrated by the deadline will become inaccessible. Abstract's parent company, Igloo, stated that the cost of independently operating a blockchain is too high, coupled with insufficient on-chain liquidity, limited DeFi ecosystem, and declining market demand. Abstract was unable to find a sustainable product-market fit. Igloo also revealed that it has incurred tens of millions of dollars in losses over the past two years trying to sustain Abstract's operations and explore profitable paths. After shutting down Abstract, Igloo will refocus its personnel and resources on Pudgy Penguins, Pudgy NFTs, and PENGU. https://(wublock123.com)/news/abstract-shutdown-dec-15-igloo-reports-tens-millions-loss-69617