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Animoca Brands announced a strategic investment in Pudgy Penguins' parent company Igloo
Wu learned that Animoca Brands has signed a Simple Agreement for Future Equity (SAFE) to strategically invest in Igloo, Inc., the parent company of Pudgy Penguins, with its subsidiaries The Sandbox and Animoca Brands Japan also participating in this round of investment. In addition, Igloo and its subsidiary Cube Labs recently announced plans to provide technical support for the Layer 2 network Abstract on the Ether Protocol, which is dedicated to providing infrastructure for consumer-level encryption applications. This investment will drive collaboration between Abstract and the Mocaverse under Animoca Brands.