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Kraken launched its Ink Layer 2 blockchain on the Ethereum mainnet, built with the OP Stack and developed via Gelato's Rollup-as-a-Service platform, ahead of schedule.
Gelato raised $11M in a Series A+ led by Hack VC, bringing total funding to $23M, and announced Kraken's Ink Layer 2 as a customer of its Rollup-as-a-Service platform.
Gelato Network raised $11M in a Series A led by Dragonfly Capital to build the 'Zapier of Crypto' for smart contract automation.
Gelato's governance token GEL was launched following a whitelisted token sale.
With the release of the audited v1 of Gelato Network, developers could automate their arbitrary smart contracts on Ethereum using the protocol's bot network.
Gelato Network was founded by Hilmar Orth and Luis Schliesske to build a middleware protocol that automates smart contract executions on Ethereum and beyond.
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