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Abstract Chain is a ZK Ethereum L2 network offering low-cost, high-speed transactions and a unified, Web2-native on-chain user experience. It features an Abstract Global Wallet that lets users interact across its ecosystem dApps with no need for constant transaction approvals, gas spend permissions, and other user-unfriendly friction.
On July 23, 2024, the Abstract Chain crypto project raised $11M via a private funding round led by Peter Thiel's Founders Fund, with participation from Hashkey Capital, 1kx, Everest Ventures Group, and Selini Capital.