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This week, Pudgy Penguins launched its layer-2 network, Abstract, but the initial reception has been lukewarm despite a variety of incentives for new users. On its debut, the network achieved 711,000 user transactions. However, this impressive figure was overshadowed by its total value secured (TVS)

Earlier last month Non-fungible tokens (NFTs) gained positive momentum after successive months of decline and over the heels of that comes the news of Pudgy Penguins overtaking Bored Ape Yacht Club (BAYC) as the second-largest NFT collection. So here’s a closer look at what’s happening in the NFT wo