2 months ago
Kraken, the seventh-largest crypto exchange, said its layer-2 rollup network, built connected apical of the Ethereum blockchain, has gone live.
The network, called Ink, is based connected the OP stack, a customizable model that lets developers physique their ain rollups utilizing Optimism’s technology. The team had primitively planned for Ink to spell unrecorded successful aboriginal 2025, truthful the motorboat of its main web is up of schedule.
Kraken agreed to person 25 cardinal OP tokens (worth astir $58 million) arsenic portion of a woody to physique connected the OP Stack. Optimism has acknowledged that handing retired developer grants for participants gathering connected the stack is portion of its strategy, which successful crook contributes backmost to the wider “Superchain” ecosystem.
Kraken rival Coinbase said successful August 2023 that it would physique a layer-2 web with OP Stack. The product, called Base, is present the second-largest rollup web according to L2beat. At the time, Optimism said the Base squad would person up to 118 cardinal OP tokens and, successful return, would lend the higher of 2.5% of its sequencer gross oregon 15% of its profits to the Optimism Collective.
Other participants gathering a furniture 2 with the OP Stack — including Uniswap, World Network, and Sony Blockchain Labs — person not said however galore OP tokens they expect to person arsenic portion of their deals.
“Today is conscionable the opening for Ink, and present our boldest enactment truly begins – increasing Ink,” said Andrew Koller, the laminitis of Ink, successful a property release. “We’re pushing the boundaries of on-chain experiences to unlock caller applications and opportunities for builders and users alike, layering privacy, information and UX enhancements connected a instauration of heavy liquidity.”
Read more: Kraken Picked Optimism's 'Superchain' After Getting a Pile of OP Tokens
English (US) 