Odaily News Pudgy Penguins parent company Igloo, Inc. announced that it has completed more than $11 million in financing, led by Founders Fund, with participation from Distributed Capital, 1kx, Everest Ventures Group and Selini Capital. Igloo plans to use this strategic financing to develop its new business Cube Labs. Cube Labs will oversee and participate in the development of Abstract as a contributor, a new consumer-focused blockchain that aims to promote the mainstreaming of encryption. Abstract is incubated by the non-profit Abstract Foundation, allowing billions of people to go online for the first time, and its test network will be launched soon.