How to Interact with the Abstract Ecosystem and Earn XP

How to Interact With Abstract and Earn XP

Users can interact with Abstract Chain and earn XP by exploring the Abstract ecosystem. This includes upvoting interesting apps and performing trades, where users are rewarded with badges and XP for interacting with the Abstract ecosystem. 

Key Takeaways

• Abstract Chain aims to introduce a network that removes any complexity and fragmentation that users might face from interacting with multiple chains. 

• It was developed by Cube Labs – an establishment under Igloo Inc., the parent company of the Pudgy Penguins – and has successfully raised $11 million. 

• With the recent launch of the Abstract mainnet, users can now earn XP by interacting with the Abstract ecosystem.

Layer 2 (L2) solutions were first introduced to solve issues that Layer 1s (L1) like Ethereum and Bitcoin were facing. These were commonly centered around speed, scalability, and ease of use for new users. However, as more new L2 blockchains were introduced, users began to face a new problem; complexity. 

Interacting with multiple blockchain networks also means managing multiple wallets, understanding and paying different gas fees, and navigating different protocols. On top of that, moving assets between networks might involve manual bridging, a process that can introduce its own set of complicated steps. 

Abstract Chain Introduces The Consumer Chain

Abstract Chain is a L2 built on Ethereum that aims to address these complexity and fragmentation issues. It was developed by Cube Labs, a new venture established by Igloo Inc., the parent company of the Pudgy Penguins NFT project. The motivation to create Abstract came about when the Pudgy Penguins team noticed that NFT users were facing difficulties with onboarding, complex wallet interfaces, and high gas fees. 

Luca Netz, the CEO of Pudgy Penguins, believes that Abstract can build a network for consumer crypto, which he describes as blockchain-powered applications used by billions of people for everyday personal use. To achieve this, Abstract is breaking down its approach into three phases. 

It will firstly focus on the development of consumer applications like games, social networks, and entertainment platforms. These consumer-focused applications are meant to appeal to consumers looking for leisurely activities during their free time. After that, Abstract will move on to other on-chain activities such as DeFi, DePIN, digital commerce, and more. The second phase sets the stage for users to start integrating crypto applications into other aspects of their lives. 

Lastly, the network will concentrate on letting users carry out transactions that they could otherwise do outside of crypto such as online banking, insurance, and voting. By breaking the network’s approach down into phases, the team can ensure a foundation for consumer adoption before moving onto more complex applications.

Abstract Chain’s Architecture

Abstract is built using zkSync’s ZK stack and EigenDA which work hand in hand to ensure a secure, fast, and low-cost environment for developers to build applications. As a zero-knowledge (ZK) rollup, Abstract is able to gather off-chain data and then submit proofs to the Ethereum mainnet for verification. EigenDA then serves as the data availability layer and securely stores the compressed transaction data off-chain. This helps to reduce congestion on the Ethereum network while ensuring security with the use of cryptographic proofs. 

However, Abstract is also introducing two key features, the Abstract Global Wallet (AGW) and a new governance mechanism referred to as Panoramic Governance. AGW is an important part of the abstraction layer because it allows users to use decentralized applications without switching networks, managing different gas tokens, or handling multiple wallets. The wallet uses passkeys, email ID, or social logins for authentication to give users a simpler onboarding process. 

At the same time, Panoramic Governance aims to align the interests of developers and consumers by incentivizing governance participation and voting through sharing of fees while also rewarding protocols that benefit the blockchain. 

Why Abstract Might Potentially Have An Airdrop

Abstract is being developed by Cube Labs which was established by Igloo Inc., the company behind the Pudgy Penguins NFT project that recently launched the PENGU token. Pudgy Penguin NFT holders were able to claim airdrop allocations of the token. 

In June 2024, Igloo Inc. acquired Frame, a development group that is known for working on Ethereum-based rollups. Through this acquisition, the Frame team is providing their expertise to contribute to Abstract’s development. The Abstract team has also successfully raised $11 million in a fundraise led by Founder’s Fund with participation from 1kx, Fenbushi Capital, Everest Ventures Group, and Selini Capital. 

Those who interact with the Abstract ecosystem can now earn XP for their efforts. At the time of writing, there is no news regarding a native token. However, some users are speculating that PENGU might be integrated into the ecosystem to provide utility such as governance or staking. 

Do note that the Abstract team has not made any official announcements regarding a token launch or the use of PENGU in the Abstract ecosystem. Therefore, following the steps below and interacting with the Abstract ecosystem does not guarantee a future token airdrop allocation.

Step 1: Login to Abstract

Go to https://www.abs.xyz/ and Login to Explore in the top right corner.

You can choose to create your account using an email address, Google account, wallet, or linked passkey. We will be using our wallet in this guide.

Choose which wallet you want to connect. We used the Rabby Wallet for this example.

After that, Abstract will give you a quick tour of the website.

Step 2: Unlock Rewards

In the left menu, head to Rewards and proceed to Connect X in order to unlock your rewards.

The page will redirect you to X where you can Authorize App and give Abstract access to your account.

Back on the Rewards page, Connect Discord to get XP Boost.

A new tab will open for you to Authorize Abstract to access your Discord account.

Step 3: Earn the Flash Badge

On the right side of the page, you can see the flash badge that is being offered. At the time of writing, the badge was awarded to those who play at least one round of Multiplier. 

Since this flash badge task changes every few days, we won’t be sharing the steps but you can View Details to learn more about how to complete the task.

Step 4: Fund Your Wallet

In the left menu, go to your wallet page and Fund Account. 

There are five ways to fund your account but we will be using the Bridge method in this guide.

Choosing the bridge will redirect you to Jumper where you can Get started.

You can connect any of your wallets to Jumper and select which chain and what token you want to bridge to Abstract. We will be bridging USDC on Arbitrum to ETH on Abstract. 

Navigating to Jumper from Abstract will ensure that your Abstract wallet address is automatically filled in as the wallet recipient regardless of which method you use to log in to Abstract.

Then Review bridge, approve, and confirm the transaction in your wallet.

Step 5: Upvote Apps

Go to Discover in the left menu and scroll down to see all apps. Upvote any of the apps that catch your eye by clicking on the green arrow in the right column.

Step 6: Perform A Trade

Go to Trade and select any of the tokens that catch your interest. We are going to buy PENGU tokens. Once you have input the desired amount, review and confirm the trade. 

Step 7: Claim Your Badges

Head back to the Rewards page to claim the badges that you have earned for connecting X, connecting Discord, funding your account, upvoting an app, and trading on the platform. 

There are three types of badges you can earn – flash badges, secret badges, and weekly badges. As you continue to explore and interact with the ecosystem, you will be able to discover more badges.

Here is an example of what the badge looks like. 

Step 8: Keep Exploring

The main way to earn XP is to keep interacting with the Abstract ecosystem. You can explore all the available apps under the Discover page. We suggest that you spend some time going through the apps to find which ones pique your interest. 

If you are keen on creating content, you can also apply to become a creator and stream on the platform. Streamers are rewarded with XP so this could be another way for you to earn. Otherwise, you can watch some streams and interact with the community there.

Sidenote

You can earn bonus XP boosts by fulfilling one of the criteria below such as holding a Lil Pudgy or being an Elite Chad. You can earn these boosts by verifying your holdings in the Abstract Discord channel. 

Holding PENGU will also earn you extra XP every week. There are three tiers depending on how many PENGU tokens you hold and you also need to verify your holdings in the Abstract Discord.

Both XP boost options can be found in your Rewards page in your XP tracker.

Conclusion

The main goal of Abstract Chain is to promote consumer crypto where decentralized applications become a regular part of our everyday lives. By understanding that complexity and fragmentation issues play a big challenge to onboarding users, the network is introducing account abstraction and a global wallet to bridge the gap. Users who start interacting with the Abstract ecosystem can earn XP for a potential future token airdrop.

Note that this content is only for educational purposes and no part was meant to be financial advice. As a standard, always do your own research before investing in cryptocurrency or interacting with any cryptocurrency protocols.