Layer 2 network Kinto has migrated to the Arbitrum ecosystem

November 21st, according to The Block, Layer2 network Kinto has migrated to the Arbitrum ecosystem through the Arbitrum Nitro technology stack. This migration was carried out after the structure of the Arbitrum Orbit chain ecosystem changed, giving the Arbitrum Foundation greater autonomy in negotiating Layer2 deployments.
Kinto stated that it can support modern financial institutions and decentralized protocols by building Layer2 that complies with KYC standards. It also aims to reduce the risk of DeFi vulnerabilities and provide built-in insurance for all smart contracts.