Sorry, yet another public chain L2 has failed. This time, it's the Penguins' Abstract. Luca @LucaNetz, CEO of Pudgy Penguins' parent company Igloo, officially announced the shutdown of Abstract. He revealed that he had been funding it out of pocket for a year and a half, losing tens of millions of dollars over two years. The most admirable part? He said he could have issued tokens or done an ICO to recoup losses, but if he himself didn’t have confidence in the token, releasing it would just hurt the community—so he decided not to. Now, all his focus is back on Pudgy and Solana: 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv. If you still have assets on-chain, make sure to withdraw them before December 15, or they'll go to zero. Losing tens of millions and still not exploiting the community—does this count as the most ethical project team of the year?