Kraken and Cardano formed a partnership between Memeinator’s pre-sale increase
Hoskinson is eyeing collaboration with Kraken for Layer-2 network Kraken wants to follow Coinbase's move to open its Layer-2 blockchain. The Memeinator presale continues to gather steam with $1,303,398 raised so far.
In a strategic move for the volatile cryptocurrency sector, Cardano blockchain visionary founder Charles Hoskinson has hinted at a possible tie-up with Kraken, the popular US cryptocurrency exchange. The main objective of this alliance is to jointly create a cutting-edge Layer-2 (L2) blockchain network.
Kraken is actively looking for a blockchain developer capable of expanding into blockchain technology development in line with industry trends to enhance its technological capabilities. Pursuing Kraken to launch its own Layer-2 network locations to tap into new revenue streams and strengthen its position in the evolving digital currency landscape.
Kraken Layer-2 ambitions and industry trends
Kraken's search for a Layer-2 network aligns with broader industry trends where major players are moving into blockchain technology development. The move is not only a strategic pivot for cryptocurrency exchanges, but also demonstrates its commitment to embrace the transformative potential of blockchain technology.
As the competition intensifies, it extends to evaluate leading blockchain technology companies, including Blockchain Partnership, Kraken Estimates, Polygon, and Mat Labs. The final choice is uncertain, leaving a possible partnership with Cardano in doubt.
Charles Hoskinson is optimistic about the potential collaboration with Kraken. If selected, Kraken sees an opportunity to design a path to success similar to Coinbase's experience with Layer-2 networks. The growing interest among major crypto-entities in Layer-2 networks highlights the industry's commitment to innovation and growth in the blockchain technology ecosystem.
🚀 Exciting crypto news! 🤝 Charles Hoskinson, #cardano co-founder, hinted at a possible collaboration with #Kraken for a Layer-2 (L2) network partnership. 🔗💱
Kraken is looking for a #blockchain partner to build their L2, and the race is heating up! 🔥 by… pic.twitter.com/IHlfvE1ph1
— Collin Brown (@CollinBrownXRP) November 13, 2023
The Coinbase Influence: A Prerequisite for Success
Coinbase has partnered with Optimism to build the OP Stack for its Layer-2 network base, setting a good example. The partnership has led to significant improvements in decentralized application efficiency and user experiences on the Ethereum platform.
Coinbase's commitment to transparency, demonstrated by its open source code, highlights the industry's collaborative approach to improving Layer-2 networks.
Memeinator continues to make waves with pre-sales.
As Kraken and Cardano's partnership unfolds, the meme coin market is experiencing its own boost with the ongoing memenator presale. Memeinator, supposed to be the ultimate meme coin to dominate the meme marketplace, has garnered a lot of attention for its unique narrative and promise of real utility.
The Memeinator project uses AI technology, powerful viral marketing and a mission to remove substandard memes. As pre-sales progress, the project plans to raise $1,504,310, the current level is $1,303,398. MemeInator's roadmap includes launching innovative products like MemeScanner and MemeInator Game, adding layers to its success.
Investors watching the Memeinator presale are seeing the value of the MMTR token on the rise. The current price stands at $0.0133, with the next pre-sale level at $0.014 higher. This upward trend reflects the growing interest and demand for MMTR tokens in anticipation of the project's ambitious goals and unique offerings in the MMTR space.
