Crypto exchange Kraken has announced that it may enter into a number of partnerships with leading blockchain technology companies to launch its own Layer 2 network.
Kraken may use technologies from Polygon, Matter Labs, and the Nil Foundation as the basis for its Layer 2 network.
"We are always looking to identify and solve new problems and capitalize on industry opportunities," a Kraken spokesperson told CoinDesk.
Many of the world's biggest names in the crypto industry are looking to get involved in blockchain development as a way to expand their operations and create new revenue streams.
Coinbase previously launched its own Layer 2 network, Base, built on the MIT-licensed OP stack in partnership with Optimism.
Polygon, the largest developer of Ethereum scaling solutions with its Polygon PoS network, offers developers a wide range of software tools to run their own blockchains. Matter Labs also has technology in its arsenal to help developers build blockchains.
It's worth noting that cryptocurrency exchange Kraken is looking for someone to fill the position of Senior Cryptography Engineer, whose responsibilities will include developing and implementing Layer 2 solutions.
"We are passionate about open source Layer 2 technologies, zero-knowledge proofs, and multi-party computing and are constantly looking to explore the potential of blockchain scaling solutions," reads the description on the exchange's website.
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