
Abstract Built a Growing Ecosystem. But Who Was Actually Making Money?
ยท6 min read
Millions of wallets, hundreds of millions of transactions, major brand partnerships, and a growing ecosystem. I've been looking into Abstract's shutdown, and I think it offers a much bigger lesson for
Millions of wallets, hundreds of millions of transactions, major brand partnerships, and a growing ecosystem. I've been looking into Abstract's shutdown, and I think it offers a much bigger lesson for Web3 projects. Abstract wasn't some random chain that launched, struggled to attract users, and disappeared. It was backed by the team behind @pudgypenguins, one of the few crypto brands that successfully reached mainstream audiences. They had funding, an established brand, experienced builders, ma
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