- Developers can use Polygon's software toolkit to create blockchain networks
- Coinbase announced the launch of its new Base blockchain in August
Leading US crypto exchange Kraken is considering Polygon, Nil Foundation, and Matter Labs as potential partners to help it launch its layer 2 network, insiders told CoinDesk.
Earlier this year, Coinbase launched its L2 network as well, so this move would help make Kraken more competitive.
Kraken is considering the above providers because they have the best-in-class technology, but they may also be negotiating with other providers, who remain unnamed for now. Kraken did not officially comment the information reported.
A growing blockchain builder presence
A large number of crypto firms with established brands and loyal customers have been trying to augment their presence as blockchain developers, either as an extension of their operations at the moment or as a potential source of earnings.
Polygon’s software toolkit builds new networks
Earlier this year, Polygon launched a software toolkit, which developers can use to create blockchain networks. Polygon is a leading developer of Ethereum Mainnet-based scaling solutions with its zero-knowledge EVM and the Polygon PoS network.
The beginning of an era
In August, Coinbase announced the launch of its new Base blockchain, which marked the beginning of a new epoch of public companies operating autonomous distributed networks. Base network is an L2 blockchain using OP Stack software from Optimism, another well-known L2. Deposits worth $139 million were locked into protocols and apps on Base even before its public debut.
Kraken is hiring
CoinDesk wrote that Kraken recently published a job ad for a "Senior Cryptography Engineer" on its website’s careers section. The ideal candidate will have "knowledge of modern cryptography, including zero-knowledge proofs. The description reads:
We are enthusiastic about open source, layer-2 technologies, zero-knowledge proofs, multi-party computation, and continuously strive to explore the potential of on-chain scaling solutions. The team has recently embarked on exploring how more protocols and decentralized applications can be integrated into Kraken.
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