Zero-Cost Airdrop: A New Wealth Opportunity Sparked by a “Penguin”
空投参考 / Airdrop Reference
0x468F
January 8th, 2025

This article was originally planned for next Monday, but I’m releasing it early to prevent you from missing a zero-cost airdrop opportunity.

Pudgy Penguins
Pudgy Penguins

In the blockchain space, new technologies emerge constantly, yet users are often deterred by high transaction fees, complex wallet management, and steep technical barriers. Enter Abstract, a project aimed at solving these problems and integrating blockchain into everyday life.

Before diving into Abstract and its potential future airdrops, check to see if you’ve received an airdrop from that penguin. This is a true zero-cost airdrop—you could receive it even if you’ve never interacted with the project before. Be sure to check both your Ethereum and Solana wallets. One of my Solana addresses received a Pengu airdrop of 22,864 tokens.

Previously, I’d only heard of this project’s NFTs. As someone who takes a cautious approach to NFTs, I rarely buy them. For my thoughts on high-priced NFTs, you can check out my earlier article: What You Should Know About Expensive NFTs.

If you haven’t claimed the Pengu airdrop yet, or if you’ve claimed but haven’t sold it, congratulations! Hold on to it—you may receive additional airdrops in the future. Why? Because today’s topic, Abstract, is closely linked to Pengu. Of course, if you’re new to blockchain and didn’t get the Pengu airdrop, don’t worry. There’s still a chance for another zero-cost airdrop. At the end of this article, I’ll include a beginner-friendly tutorial on interacting with Abstract’s testnet. Act quickly—once the early-bird badge is gone, it’s gone. The mainnet is expected to launch this month.

1. What is Abstract?

Abstract is an Ethereum Layer-2 network developed by Igloo Inc., the company behind Pudgy Penguins. A Layer-2 solution is like building a fast express lane next to a congested highway—it alleviates pressure on the mainnet while maintaining security.

Abstract’s goal is to create a platform for consumer-grade crypto applications. By offering low-cost, high-efficiency infrastructure, it aims to attract everyday users and mainstream businesses to the Web3 ecosystem.

2. Abstract’s Unique Advantages

Low Costs, High Efficiency

Ethereum’s transaction fees (Gas) are notoriously high and volatile. Abstract leverages Layer-2 technology to bring Gas fees down to nearly negligible levels, creating a user- and developer-friendly environment.

Native Account Abstraction

All accounts on Abstract are smart contract accounts, enabling more flexible and secure features like multi-signature wallets and social account recovery. Lost your wallet? No problem—Abstract provides multiple recovery methods, eliminating user concerns.

Seamless User Experience

Abstract allows users to log in using email, social accounts, or even biometrics, breaking away from the traditional, cumbersome seed phrase and private key management. For users, it feels as intuitive as using a regular app.

3. Abstract’s Market Potential: The Data Speaks

Abstract’s rising popularity stems from its potential applications, particularly within the Pudgy Penguins NFT ecosystem, where it has already made a splash:

  • PENGU Token Growth: Following Abstract-related announcements, PENGU’s price has risen 45% in the past week, reaching a market cap of $2.8 billion.

  • NFT Price Rebound: Pudgy Penguins’ floor price surged 12% in the past 24 hours, reaching $94,212. This growth reflects market confidence in Abstract’s potential to deliver new airdrops and expand its ecosystem.

Igloo Inc. also raised $11 million last July to accelerate Abstract’s development, signaling that its technical and market expansion efforts are gaining momentum.

4. Abstract’s Vision: Blockchain for Everyone

Abstract positions itself as a “consumer-grade blockchain,” aiming to make blockchain applications accessible to everyday users. Igloo Inc. envisions Abstract integrating blockchain technology into daily scenarios like e-commerce, gaming, social media, and payments.

This vision extends beyond technology. By lowering entry barriers, Abstract seeks to engage more users in the blockchain value network. With Abstract’s launch, we may see a surge of large-scale Web3 applications, driving blockchain’s widespread adoption and development.

For those who’ve received the Pengu airdrop, my advice is not to sell everything just yet. Hold on to at least 50%—this is my personal airdrop strategy. When a project expands into its own chain, the potential for growth often skyrockets.

5. Zero-Cost Airdrop for Beginners: Testnet Interaction Tutorial

If you’re a blockchain veteran, feel free to skip this section. But if you’re new, here’s a step-by-step guide to interacting with Abstract’s testnet—a chance for a potential zero-cost airdrop.

Abstract hasn’t explicitly promised an airdrop, but the possibility is there. For more guaranteed airdrop opportunities, check out my Discord, where I’ve compiled a list of the Top 10 Zero-Cost Airdrops.

5.1 Claim the Early-Bird Badge

Click [Link] to access the page and follow the arrow.

Enter your email and click Confirm.

Check your email for a code from Abstract, enter it, and click Confirm again.

Once you see the confirmation popup, you’ve successfully joined. Abstract will email you instructions to claim your badge.

5.2 Bridge Funds to Abstract Testnet

Click [Link] for Abstract’s testnet details and add the network to MetaMask.

Open your MetaMask wallet, click Add Custom Network, and input the provided details.

Save the settings and use a faucet to get test ETH for the Abstract testnet.

Use a third-party bridge to transfer funds between Sepolia and Abstract testnets.

Once you’re done bridging funds, you can explore Abstract’s testnet to experience its speed.

Conclusion: From Setback to Rebirth

Abstract’s rise is akin to a phoenix emerging from the ashes. Pudgy Penguins initially gained fame for their charming NFT designs, but faced challenges when NFT prices dropped. Many dismissed it as a speculative project.

Yet, Igloo Inc. persevered, evolving from an NFT project into a hybrid digital-physical business model. Pudgy Penguins’ merchandise is now sold in Walmart and Target, bridging blockchain with mainstream retail.

With Abstract, Pudgy Penguins is becoming a complete ecosystem that combines on-chain assets, physical products, and blockchain infrastructure. Abstract’s launch marks a transformative leap from entertainment to utility, from on-chain to offline.

For early adopters and newcomers alike, this is a time of great potential. Abstract could soar like a phoenix, bridging the real and virtual worlds in Web3.

But remember—steer clear of NFTs unless you fully understand the risks. They rely on hype and can be even riskier than meme coins. Without liquidity, your NFT could become worthless. If you’re interested, check out my previous article: What You Should Know About Expensive NFTs.

For airdrop updates, follow the new official WeChat account (the old one got banned):

Zero-Cost Airdrop Recommendations:

Beginner's Guide Recommendations:

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About Airdrop Reference

Airdrop Reference is an innovative blockchain education and promotion platform aimed at spreading basic blockchain knowledge and helping ordinary users understand and participate in the development of blockchain technology. The mission of this project is to lower the entry barriers to blockchain, promote high-quality blockchain projects, and allow more people to enjoy the benefits of the Web3.0 era.

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