The Optimism Foundation has taken an important step by donating 25 million OP tokens to Kraken as part of its strategic partnership with Kraken, one of the leading cryptocurrency exchanges in the US. While the transaction value was initially estimated at around $100 million, this amount has now decreased to around $42.5 million due to changes in altcoin prices. In line with this collaboration, Kraken will develop its own layer-2 (layer-2) blockchain, Ink, using Optimism’s OP Stack infrastructure.
Altcoin collaboration draws attention in Kraken and Optimism
Kraken is preparing to launch Ink, a new layer-2 network based on the Optimism ecosystem’s OP Stack framework. This innovative step will be part of a “Superchain” ecosystem based on the OP Stack infrastructure developed by Optimism, which enables the creation of scalable rollups. Superchain already includes layer-2 networks of other major companies such as Coinbase, Sony, and Uniswap, and stands out as an ecosystem designed to solve scalability issues in the industry.
Ink founder Andrew Koller stated that this altcoin allocation is in line with the grants provided to other Superchain projects, and emphasized that this partnership was made at the beginning of the year when the OP token ranged between $ 3.99 and $ 4.06. However, according to the current market price, the OP token is traded at around $ 1.70. Kraken announced that the token allocation will be distributed over time and new tokens will be released as certain transaction volume targets are reached.
Superchain ecosystem is expanding
In addition to Kraken, other important projects that join the Superchain ecosystem based on the OP Stack infrastructure are also drawing attention. Coinbase launched its layer-2 network called Base using OP Stack in August 2023, and Uniswap also joined this ecosystem with its layer-2 network called Unichain based on OP Stack. In addition, technology giant Sony also announced that it will develop its own layer-2 network, Soneium, using the Optimism infrastructure.
In August, the blockchain project of Sam Altman, one of the pioneers of artificial intelligence, World, started using the OP Stack infrastructure with its layer-2 network called Worldchain, a platform that draws attention with its iris scanning technology. These developments are considered as a reflection of the strategic steps taken by the Optimism Foundation to provide solutions to growth and scalability problems in the blockchain field.
In this partnership with Kraken, it was reported that the Optimism Foundation allocated 5 million OP tokens for engineering studies and 20 million OP tokens to be distributed in line with certain transaction volume targets. Ryan Wyatt, the growth manager of the Optimism Foundation, stated that these target-based incentives will contribute to the development of a formation called the Collective. Wyatt also stated that they will continue their investments to attract more developers to the ecosystem on the OP Stack infrastructure.
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