“Charles Hoskinson Hints at Potential Collaboration with Kraken for L2 Network“
Cardano founder, Charles Hoskinson, recently hinted at a potential collaboration with cryptocurrency exchange Kraken to develop a Layer-2 (L2) network. In a post on the X app, Hoskinson expressed interest in partnering with Kraken for this project. This comes as Kraken is actively seeking a blockchain development partner to help create its L2 network.
Kraken’s Search for a Blockchain Development Partner
Kraken’s search for a blockchain development partner has been making headlines, with the exchange considering alliances with Polygon and Matter Labs. The implementation of an L2 network is part of Kraken’s strategy to address industry challenges and capitalize on emerging opportunities.
Trend Among Major Crypto Entities
The launch of Layer-2 networks is becoming a popular trend among major crypto entities. This move allows them to expand their operations and revenue streams while establishing a presence in the digital asset ecosystem.
Coinbase’s Impact in the L2 Scene
Coinbase’s launch of Base, its L2 network built on the OP Stack, has had a significant impact. Base has exceeded $300 million in Total Value Locked (TVL) and has enhanced the efficiency of running DApps on Ethereum.
Hot Take: Will Cardano Founder Help Kraken Chart a Similar Path?
The potential collaboration between Cardano founder Charles Hoskinson and Kraken for the development of an L2 network could have significant implications for both parties. As the competition intensifies in the industry, it will be interesting to see how this partnership unfolds and whether it will follow in the footsteps of Coinbase’s successful venture into the L2 scene.
By
By
By
By
By