Kraken and Cardano forge alliance amidst Memeinator presale surge

Kraken and Cardano forge alliance amidst Memeinator presale surge

By Charles Thuo - min read
  • Hoskinson is eyeing a collaboration with Kraken for a Layer-2 network
  • Kraken wants to follow Coinbase’s move to launch a Layer-2 blockchain.
  • Memeinator presale continues to gather steam with $1,303,398 raised so far.

In a strategic move within the dynamic landscape of the cryptocurrency sector, Charles Hoskinson, the visionary founder of Cardano Blockchain, has hinted at a potential partnership with Kraken, a prominent US cryptocurrency exchange. The primary objective of this alliance is to jointly develop a cutting-edge Layer-2 (L2) blockchain network.

Kraken is actively seeking a proficient blockchain developer to enhance its technological capabilities, aligning with the industry trend of expanding into blockchain technology development. The pursuit of launching its own Layer-2 network positions Kraken to tap into new revenue streams and strengthen its position in the evolving digital currency landscape.

Kraken’s Layer-2 aspirations and industry trends

Kraken’s pursuit of a Layer-2 network aligns with broader industry trends where major players are venturing into blockchain technology development. The move not only signifies a strategic pivot for cryptocurrency exchanges but also reflects a commitment to embracing the transformative potential of blockchain technology.

As the competition intensifies for blockchain partnerships, Kraken’s considerations extend to evaluating leading blockchain technology firms, including Polygon and Matter Labs. The final selection remains uncertain, leaving the potential partnership with Cardano in suspense.

Charles Hoskinson remains optimistic about the potential collaboration with Kraken. If chosen, he sees the opportunity for Kraken to chart a path to success similar to Coinbase’s experience with Layer-2 networks. The increasing interest in Layer-2 networks among major cryptocurrency entities underscores the industry’s dedication to innovation and growth within the blockchain technology ecosystem.

Coinbase’s influence: a precedent for success

Coinbase’s precedent in collaborating with Optimism to build the OP Stack for its Layer-2 network, Base, has set a noteworthy example. The partnership led to substantial improvements in decentralized application efficiency and user experiences on the Ethereum platform.

Coinbase’s commitment to transparency, demonstrated through open-sourcing Base’s code, highlights the industry’s collaborative approach to enhancing Layer-2 networks.

Memeinator continues to make waves with its presale

While the Kraken and Cardano partnership unfolds, the meme coin market is experiencing its own surge with the ongoing Memeinator presale. Memeinator, touted as the ultimate meme coin set to dominate the meme trading space, has garnered significant attention with its unique narrative and promise of genuine utility.

The Memeinator project leverages AI technology, powerful viral marketing, and a mission to eliminate sub-par memes. As the presale progresses, the project aims to raise $1,504,310, with the current stage at $1,303,398. Memeinator’s roadmap includes the launch of innovative products like the Memescanner and the Memeinator Game, adding layers to its potential success.

Investors eyeing the Memeinator presale are witnessing the MMTR token’s value on the ascent. The current price stands at $0.0133, with the next presale stage offering a higher value at $0.014. This upward trajectory underscores growing interest and demand for MMTR tokens, fueled by the project’s ambitious goals and the anticipation of its unique offerings in the meme coin space.