The brand new chain, dubbed Summary, will leverage zero-knowledge know-how and EigenDA.
Igloo, Inc., the corporate behind Pudgy Penguins, has raised $11 million in funding, led by Founders Fund, with participation from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital. The funding is designated for the institution of Dice Labs, a brand new entity inside Igloo centered on blockchain know-how growth.
Dice Labs will focus its efforts on Summary, a blockchain designed to ease the adoption of cryptocurrency for shopper functions. Summary is within the preparatory phases of a testnet launch and is supported by the Summary Basis, a non-profit group.
“Summary will open up a brand new world of prospects for crypto-native builders and international manufacturers – in flip creating the dominant crypto shopper platform,” stated Michael Lee, Summary co-inventor and CEO of Dice Labs.
Summary plans to leverage the natural progress technique beforehand utilized by Pudgy Penguins to mitigate person acquisition prices and entice a mainstream viewers to on-chain experiences.
“Our imaginative and prescient is to alter the dynamic of how customers work together with blockchain know-how and simply merge each the actual and digital worlds. We’re excited to drive the patron crypto revolution ahead,” stated Luca Netz, CEO of Igloo, Inc.
By leveraging ZK (zero-knowledge) cryptography, Summary guarantees quick, low cost, and safe transactions. The chain will use EigenDA for knowledge availability.
Dice Labs’ mission with Summary is to boost the person expertise for crypto functions, making it extra simple and accessible for most of the people.
Pudgy Penguins is likely one of the only a few NFT collections to not solely survive, however thrive via the bear market. Its ground worth sits at 10.7 ETH ($37,000), making it the second most respected assortment after CryptoPunks.
