Kraken’s Ink Blockchain Launches Early Due to Strong Community Support
Kraken’s new Layer-2 blockchain, Ink, has launched on the mainnet ahead of schedule due to strong community support and developer interest. Initially set for a 2025 launch, Ink's early debut results from millions of testnet transactions and numerous connected wallets.
Ink's Architecture and Decentralization Plans
Ink is developed on the Optimism Superchain, emphasizing decentralization and interoperability. Kraken intends to initiate Stage 1 decentralization in January, introducing permissionless fault proofs to enhance network security. Ink founder Andrew Koller stated that this launch marks the beginning of expanded on-chain experiences for users and developers.
Collaboration with Optimism
Kraken’s partnership with Optimism aims to scale Ethereum. Ink will engage in Optimism’s governance and contribute to the development of the OP Stack. Ryan Wyatt, Chief Growth Officer at Optimism Unlimited, noted that Ink’s launch reflects the team's commitment and the developer community's enthusiasm, aiming to attract more developers and users to Ethereum scaling.
User Adoption and Market Impact
Since its announcement, Ink has exceeded 100,000 users. Despite earlier challenges faced by Optimism, including declines in the OP token price, Ink’s successful mainnet launch may foster growth and synergy within the ecosystem.
Challenges for Kraken
Kraken has encountered difficulties, such as an $8 million fine in Australia and the closure of its NFT marketplace. However, the positive reception of Ink indicates potential for future success. Both Kraken and Optimism are optimistic about their collaboration, anticipating long-term benefits. Ink is expected to play a crucial role in the Optimism Superchain, allocating revenue to collective development and enhancing the ecosystem.