According to BlockBeats, Kraken announced the launch of Ink, a Layer-2 network based on the Optimism blockchain ecosystem. The project will join the rapidly growing "superchain" ecosystem and adopt the OP Stack framework.

The Optimism Foundation will provide Kraken with a grant worth 25 million OP tokens. The agreement was reached earlier this year, and the tokens were worth about $100 million, which is now about $42.5 million. OP Stack is a customizable toolkit that allows users to create their own Layer-2 rollups based on Optimism technology.