According to BlockBeats, on October 24, Abstract Chain, a Layer 2 network designed for on-chain culture and community, announced the launch of its Builder-in-Residence program. This initiative aims to support developers by providing monthly stipends, marketing assistance, and developer support. Applications for the program are now open.

Previously, BlockBeats reported that Igloo Inc., the parent company of the NFT project Pudgy Penguins, had acquired the on-chain creator economy platform Frame. The acquisition's purpose was to develop Abstract Chain, a Layer 2 network specifically designed for on-chain culture and community.