As a seasoned crypto investor with a keen eye for promising projects and a penchant for Asian tech giants, I find myself thoroughly intrigued by the launch of Kaia Mainnet. Having witnessed the meteoric rise of Kakao and LINE in the social media landscape, it’s not hard to envision their next big step into the blockchain realm.
Today marks the live launch of the EVM-compatible blockchain, Kaia, as announced by its team. Born from the fusion of Klaytn and Finschia, two L1 chains, Kaia is spearheaded by Asian social media titans Kakao and LINE respectively. Their vision is to establish a significant presence within the Web3 ecosystem, with over 400 partners already onboard.
Kaia goes live in mainnet, paves way for mini dApps in LINE
On August 29, 2024, Kaia chain, the latest Ethereum Virtual Machine L1 with sub-second block time, officially commences its mainnet operations. This network will take over from Klaytn and Finschia blockchains and serve as a foundation for the Web3 ecosystem in Korea.
🌟 Great news! We’re ecstatic to announce that Kaia Mainnet is now operational, unveiling the globe’s quickest and most effective EVM-compatible blockchain.
Kaia offers processing times of around one second and exceptionally low transaction fees. It has substantial support from Web3 pioneers…
— Kaia (prev. Klaytn & Finschia) (@KaiaChain) August 29, 2024
Kaia Network offers extremely affordable transaction costs and partnership with prominent Asian Web3 companies such as Kakao and LINE NEXT. LINE’s venture specifically focuses on advancing and growing the Web3 environment.
By employing the NEXT WEB SDK bundle encompassing the Kaia Wallet SDK, Kaia Market API, and LINE LIFF API, developers at Kaia can construct LINE Mini Apps that debut directly within the LINE messenger platform. This functionality replicates the native app integration seen on Telegram.
Dr. Sam Seo, head of Kaia DLT Foundation, expresses enthusiasm over the fresh prospects that this new launch offers for the advancement of decentralized application (dApp) development and progress in Web3 technology across Asia.
The highly awaited debut of the Kaia mainnet marks the beginning of a fresh chapter for widespread acceptance of blockchain-driven services among the general public. Kaia aims to introduce the concept of web3 globally, commencing with Asia.
Kaia aspires to tackle the user experience and distribution hurdles in Web3 by closely collaborating with prominent Asian messaging platforms. This collaboration aims to foster a vibrant environment for decentralized finance (DeFi), gaming, RWAs, and messenger applications that operate on robust, scalable Web3 infrastructure.
Kaia Wave builder support program kicks off, welcomes devs
Confidently stating that the involvement of Kaia on the main network could shift the storyline significantly for LINE and its vast user base, Youngsu Ko, CEO of LINE NEXT Inc, expresses this belief.
The debut of the Kaia mainnet is a significant milestone for the LINE NEXT venture too, marking the beginning of an important phase in expanding the Asian Web3 ecosystem. LINE NEXT aims to offer novel experiences to users via the new Web3 platform and LINE Mini Dapps, leveraging the power of Kaia Wave.
The Kaia and LINE NEXT-developed Kaia Wave builder assistance program offers marketing, technical, and business aid valued at up to $1.2 million for each qualified team. Grants are accessible to developers utilizing the NEXT WEB SDK.
In addition to gaining advantage from TGE (Token Generation Event) and liquidity assistance, teams can expect to establish further VC (Venture Capital) partnerships and receive the follow-up support required for a successful product launch in 2024.
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2024-08-29 17:37