Optimism Foundation Grants 25M OP Tokens Worth $42.5M to Kraken for OP Stack Layer-2 Network

The Optimism Foundation has agreed to provide grants totaling 25 million OP tokens, valued at approximately $42.5 million, to the crypto exchange Kraken. This grant is part of a deal to build a new layer-2 network on the OP Stack framework.

The tokens were initially valued at around $100 million when the deal was struck earlier this year. The grant includes 5 million OP tokens to fund engineering efforts for Ink and 20 million OP tokens to drive transaction milestones and fees to the Optimism Collective.

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