Igloo, Inc., the parent company of Pudgy Penguins, has announced the completion of a strategic funding round exceeding $11 million. The round was led by Founders Fund, with Distributed Capital, 1kx, Everest Ventures Group, and Selini Capital also participating. The purpose of this funding is to push for further growth in the development sector, especially in Igloo’s new business, Cube Labs. Cube Labs will be a major player in developing a brand new, consumer-focused blockchain called Abstract. This blockchain aims to promote mainstream application of cryptocurrencies, through the Abstract Foundation. Abstract is dedicated to enabling billions of people who have never experienced blockchain technology to experience the world of blockchain for the first time. It is disclosed that the test network of Abstract is imminent, representing a crucial step towards globalizing blockchain technology.