In constructing Pudgy Penguins, Igloo Inc. have turned a dud into one of many world’s largest NFT collections. With watchful eyes locked on their each transfer, they’re now trying to construct a mainstream-ready blockchain. That blockchain is the Summary Chain.
Summary is a consumer-focused Ethereum Layer-2 blockchain. Luca Netz, CEO of Pudgy Penguins, states that it’s going to “change the dynamic of how customers work together with blockchain expertise and simply merge each the actual and digital worlds.”
Upon its debut in January 2025, group reactions had been blended – however the workforce behind it stayed dedicated. They’ve continued to construct, with apps, instruments and companies arriving at a speedy tempo. Why is Summary so notable, how is it doing issues totally different, and what may we see in its future?
Right here’s our full information to the Summary Chain.
Key Insights
A consumer-focused Ethereum Layer-2 blockchainCreated by Igloo Inc., house owners of Pudgy PenguinsAnnounced in June 2024, debuted in January 2025Saw enormous pre-release hype, however a blended launchAims to provide “customers, liquidity, and group to builders and types”
What’s Summary Chain?
Summary is an Ethereum Layer-2 blockchain, developed by Igloo Inc. which launched in January 2025.
The Summary Chain is the inaugural new undertaking from the Igloo Inc. firm. Its goal is to create “the dominant shopper crypto chain”, the place “tradition & group constructing and devoted builder & model assist” are central to how the chain is constructed, developed and maintained.
Summary utilises zero-knowledge expertise from zkSync and EigenDA to make this consumer-focused method a actuality. As an Ethereum L2, Summary additionally inherits Ethereum‘s well-known safety, reliability and decentralisation.
The Summary Chain will probably be powered in future by a local token – although particulars on this token, together with the ticker, have but to be revealed. Since its mainnet launch, Summary has featured its Summary XP system. This rewards customers with XP factors for utilizing Summary apps, doing Summary transactions, and being lively within the Summary ecosystem. These XP factors are anticipated to translate into an allocation of Summary’s future native token.
A lot of Summary’s reputation to this point is because of its relationship to Pudgy Penguins. This NFT assortment, and its CEO Luca Netz, have pushed a lot of the joy round Summary up to now – and as Summary would be the house of future Pudgy Penguins experiences, equivalent to their Vibes TCG, the chain will probably be a core occasion of the Pudgy Penguins ecosystem long-term.
A set of widespread apps, instruments and companies already assist Summary. This consists of NFT marketplaces equivalent to Magic Eden, exchanges equivalent to Uniswap, and companies equivalent to Seedify. Notable video games and NFT collections on Summary embody 77-Bit, Onchain Heroes, and Summary Pepes.
How does Summary Chain work?
Summary places the patron expertise firstly, with architectural and design selections made with what the person will expertise as the first driving power.
Notable features of Summary embody:
Person expertise. Summary’s instruments, options and design are optimised for simplicity and mass adoption.Group ethos. Tradition is on the coronary heart of Summary, with the workforce stating their goal to “spotlight the very important position {that a} sturdy group and cultural relevance” can play.Discoverability. Summary’s app curation and discoverability is top-tier, guaranteeing that customers have entry to a full suite of apps, instruments and companies.EVM compatibility. Summary adopts Ethereum’s safety, reliability and infrastructure – and boosts it with zero-knowledge expertise.
The Summary Chain additionally seems to be to draw builders with quite a lot of tailor-made instruments and companies. This consists of the Summary Builder Incubator – a programme the place main merchandise can acquire direct assist from the Summary workforce.
With a deal with constructing “the dominant shopper crypto chain”, Summary wish to present one of the best platform potential for top-tier builders. By giving these groups the instruments, assist and infrastructure they want, Summary hopes to change into house to the next-generation of highly effective Web3 apps.
The historical past of Summary Chain
Summary was formally introduced when Igloo acquired Body in June 2024. This transfer noticed improvement on the Body blockchain come to a detailed, with their proficient workforce becoming a member of Dice Labs and Pudgy Penguins to construct Summary Chain.
As 2024 progressed, anticipation for Summary grew to a fever pitch. Influencers modified their avatar backgrounds to Summary’s signature inexperienced. Common video games – equivalent to ChronoForge – introduced that they might migrate to Summary. Common apps, instruments and companies introduced that they might assist Summary on launch – equivalent to Magic Eden.
Hype grew additional after the launch of $PENGU – the official token of Pudgy Penguins – in December 2024, as many noticed Summary because the Pudgy blockchain.
Summary held its mainnet launch on January 27, 2025 – however the debut noticed blended outcomes.
Many customers had core considerations, equivalent to an absence of contract safety scanners, failing RPCs, and surprising Ethereum fuel charges. Some even claimed that widespread relayer instruments didn’t work with Summary, resulting in misplaced funds – with one person stating that Summary “was not able to be launched.”
Regardless of these setbacks, the debut of Summary did end in some clear enhancements for Web3 customers – notably on cell. The Summary app attracted reward for its streamlined cell expertise, the place in lots of circumstances, customers can full transactions with out switching between apps.
Summary’s mainnet launch additionally launched the Summary XP system. By participating with Summary Chain, customers accumulate Badges and XP. These are anticipated to translate into an allocation of the longer term Summary ecosystem token.
Customers can earn Summary XP in many alternative methods:
Create your Summary profileSwap $ETH for $PENGU on AbstractUpvote dApps on AbstractPlay Multiplier on AbstractConduct “natural interactions” on Summary
Extra quantities of Summary XP could be earned by customers in the event that they:
Personal an Summary companion NFT (Pudgy Penguins, Doodles, Azuki and extra)Maintain $PENGU of their Summary walletBecome an Summary creatorHost Summary livestreams
For every XP level earned, customers will obtain allocation of the longer term Summary token, set to reach later in 2025.
Following the launch of Summary, the primary Summary NFT collections started their mints. Two of probably the most anticipated NFT collections had been Bearish and Pixelady Maker – however each noticed their flooring worth dip under their mint worth, creating frustration amongst Summary supporters.
Within the following weeks and months, many further apps, instruments and companies arrived on Summary. This consists of the likes of Roach Racing Membership, BUZZ, High Hat, Kabu and Finalbosu.
What’s subsequent for Summary Chain?
Thought Summary noticed a blended mainnet launch, their workforce has continued to construct. The previous weeks and months have seen common updates, enhancements and new options – many knowledgeable immediately from person suggestions.
Members of the Summary workforce, equivalent to @0xCygaar, publish frequently on X to tell the group of their newest developments. This has boosted Summary’s picture, and has saved the group engaged and hopeful.
Though curiosity in Summary has declined since its landmark debut, the Web3 group nonetheless has massive expectations. With official Pudgy Penguins experiences set to debut on Summary, its guarantees to change into “the dominant shopper crypto chain”, and an XP system resulting in a future token airdrop, there may be loads of promise that lies forward.
As extra apps, instruments, companies make their option to Summary – to not point out an rising listing of video games and NFT collections which can be constructing a powerful ecosystem for the chain – this Ethereum Layer-2 blockchain may have an enormous future forward.
