Ink upgrades to OP Enterprise Fully Managed Service, signs multi-year agreement

Odaily reported that Ink, an Ethereum Layer 2 network incubated by Kraken, has reached a multi-year infrastructure agreement with Optimism, upgrading to OP Enterprise Fully Managed.

Under the agreement, Optimism will be responsible for running Ink's production infrastructure, while the Ink Foundation will focus on ecosystem growth and new financial products. Additionally, Ink will serve as a deep design partner for OP Enterprise, jointly advancing roadmap plans including programmable block construction, one-day Ethereum withdrawals, and sequencer-level compliance tools.

Currently, applications built on the Ink network generate nearly $40 million in annual revenue. This partnership makes Ink another exchange-related blockchain network to join the fully managed layer service, following Bitpanda's Vision Chain. (The Block)