TechFlow news, October 29 — According to Coindesk, the Optimism Foundation has agreed to grant Kraken 25 million OP tokens, which were worth approximately $100 million when the deal was struck earlier this year and are now valued at around $42.5 million.
Previously, cryptocurrency exchange Kraken announced last week that it would build a Layer 2 network using Optimism's OP Stack blockchain framework.
The deal was finalized around January or February of this year, enabling Kraken to utilize Optimism's OP Stack—a customizable toolkit allowing users to create their own Layer 2 rollups based on Optimism's technology.
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