Kaia announces the launch of its mainnet, integrating Klaytn and Finschia blockchains. Partnering with LINE NEXT, Kaia aims to drive consumer adoption of Web3 with low fees, fast transactions.
Eliza Crichton-Stuart
Head of Operations
Kaia, a Layer 1 blockchain created through the merger of Klaytn and Finschia, has announced the launch of its highly anticipated mainnet on August 29th, 2024. This launch, supported by leading Asian web3 partners Kakao and LINE NEXT, positions Kaia as one of the fastest EVM blockchains, boasting one-second transaction finality and ultra-low gas fees. With its integration into popular Asian messaging apps such as Kakaotalk and LINE, Kaia aims to facilitate the adoption of web3 services by providing seamless user experiences within familiar platforms.
Klaytn and Finschia Merger Announced
Kaia addresses key user experience and distribution challenges in the web3 space by deeply integrating with leading mobile messaging apps in Asia. The platform has a combined user base of over 250 million, thanks to Kakaotalk's dominance in South Korea and LINE's popularity in Japan, Taiwan, and Thailand. By embedding Kaia directly into these apps, users can interact with web3 services such as decentralized finance (DeFi), gaming, and real-world assets (RWAs) without needing separate blockchain applications.
Dr. Sam Seo, Chairman of the Kaia DLT Foundation, expressed confidence in the mainnet’s ability to bring web3 services to the mainstream: “The much-anticipated launch of the Kaia mainnet heralds a new era for the mass consumer adoption of blockchain-based services. Kaia will bring Web3 to the rest of the world, starting from Asia.”
Kakao and LINE NEXT
Kaia offers developers extensive tools via the NEXT WEB SDK, developed in collaboration with LINE NEXT. This SDK includes the Kaia Wallet SDK, Wallet Market API, and LINE LIFF API, enabling developers to create LINE Mini Dapps. These Dapps provide Telegram-like native integration, allowing users to interact with decentralized applications (dapps) directly within their favorite messaging app. Developers can leverage Kaia’s low-latency transactions and fee delegation to offer a smooth, end-to-end user experience for millions of LINE and Kakaotalk users across Asia.
Youngsu Ko, CEO of LINE NEXT Inc., emphasized the strategic importance of this launch: “The launch of the Kaia mainnet is an important momentum for the LINE NEXT business as well, and I think it has started an important first step toward expanding the Asian Web3 ecosystem.”
Kaia Impressive Statistics
To further drive web3 adoption, Kaia and LINE NEXT are launching the Kaia Wave builder support program. This initiative will provide up to $1.2 million in marketing, technical, and business support to eligible teams using the NEXT WEB SDK. In addition to financial support, builders will receive liquidity support, token generation events (TGE), and connections to venture capitalists (VCs), ensuring they have the resources needed to develop and scale their projects within the Kaia ecosystem.
Kaia Mainnet Launches
Kaia's potential as a leading web3 platform is further demonstrated by its strong presence in the gaming sector. The popular blockchain game DeFi Kingdoms, which has operated on Klaytn since December 2022, will migrate to the Kaia mainnet in Q3 2024. The game’s Serendale realm had significant activity in June 2024, with over 1 million transactions and 1,700 active wallets, placing Kaia among the top blockchains for gaming activity.
Additionally, the NFT sector is growing within the Kaia ecosystem. The 7 Dragons collection, powered by SmartLayer, recently sold out its 77,777 NFTs, offering users a Tamagotchi-like experience with virtual pets. Each 7 Dragon NFT allows users to stake tokens and access rewards, further integrating NFTs into the Kaia blockchain.
DeFi Kingdoms Logo and Character Art
The Kaia mainnet launch is accompanied by several key developments that strengthen the blockchain’s infrastructure. For example, Pyth Network, a leading provider of real-time financial market data, has integrated with the Kaia blockchain, offering developers access to over 500 price feeds. In addition, data from Kaia and its predecessor Klaytn is now available on Flipside, enabling more transparent analytics and reporting.
The Klaytn-based ecosystem also saw the launch of its first token launchpad, Capybara, which is set to bring new projects to the Kaia blockchain. With a robust developer ecosystem and strategic partnerships, Kaia is poised to become a major player in the Asian web3 market.
Home To The Best In Web3
The Kaia mainnet launch represents a significant step toward the mass adoption of blockchain-based services in Asia. By merging the technologies of Klaytn and Finschia, Kaia inherits a strong technical foundation while expanding its user base to the millions who already use LINE and Kakaotalk. As developers continue to build on this platform, Kaia is well-positioned to bring web3 to mainstream consumers, offering seamless integration of decentralized services within widely used messaging apps.
The Kaia ecosystem is already showing promising signs of growth. In Q2 2024, average daily transactions increased by 127.9%, and active addresses grew by 713.7%, largely due to the anticipation of the mainnet launch. This momentum suggests that Kaia could become a central hub for Web3 development and adoption in the region. Kaia's mission is clear: to bring the power of web3 to everyday users in Asia and beyond through the integration of blockchain technology into familiar, widely used platforms.
updated:
September 6th 2024
posted:
September 5th 2024