Igloo CEO Luca Netz disclosed that the company has quietly funded the Abstract project for the past 18 months. Netz confirmed that Igloo deliberately chose not to launch a token for the initiative during this development period. The decision to withhold a token launch stems from strategic resource allocation concerns. Netz stated that the company could no longer justify diverting resources away from the core Pudgy Penguins business to support Abstract's tokenomics.