As a seasoned crypto investor with a keen interest in Asia’s burgeoning tech scene, I find the launch of Kaia’s mainnet incredibly exciting. Having witnessed the meteoric rise of Kakao and LINE in the messaging app market, it’s fascinating to see how they are now leveraging their massive user base to drive the adoption of Web 3 services.
Launching its mainnet, the creation of Kakao and LINE (two prominent Asian messaging platforms), marks an exciting opportunity for millions of users to access Web 3 services.
This week, Kaia, a blockchain specializing in high-performance layer 1 technology and offering cutting-edge Web 3 services to users across Asia, officially announced the release of its much anticipated mainnet. The launch of the mainnet is concurrent with the introduction of the Kaia Wave Builder Support Program, a collaborative initiative between Kaia and LINE NEXT, aimed at speeding up the adoption of Web 3 services among consumers.
In a corner of Asia, a company based in Abu Dhabi has grown to become one of the region’s largest Web 3 companies. With an impressive network of over 400 partners and a sprawling ecosystem, this company has established a significant presence across the continent. The company’s inception was sparked by the entry of Kakao and LINE into blockchain technology. As operators of messaging apps, these two entities launched their own chains, Klaytn and Finschia. Intriguingly, Kaia came to be after the merger of these two blockchains.
In Asia’s leading Web 3 environment, Kaia provides sophisticated Web 3 solutions to Web 2 users through its partnership with KakaoTalk and LINE messenger. By merging the benefits of Web 3 innovation and the convenience and swiftness of Web 2 within their preferred messenger super app, over 250 million users on KakaoTalk and LINE messenger are granted the opportunity to interact, collaborate, and contribute to the blockchain community.
During the unveiling of its main network, the Chairman of Kaia DLT Foundation, Dr. Sam Seo, discussed the promising possibilities associated with Kaia.
“The eagerly awaited debut of the Kaia mainnet marks the beginning of a fresh epoch for the widespread acceptance of blockchain services among mainstream consumers. By bringing web3 to the global community, with an initial focus on Asia, Kaia is poised to revolutionize the use of blockchain technology.”
From August 29 onwards, Kaia users will have the opportunity to connect with the mainnet, experiencing its blazingly fast speeds, reduced transaction fees, and superior customer support that characterize the blockchain. The strategic alliances with prominent Web 3 companies in Asia, like Kakao and LINE NEXT, will propel the platform’s advancement and global market reach.
Kaia’s Mainnet Designed For Scalable Web 3 Ecosystems
As per the team’s announcement, the mainnet launch is intended to expedite platform development using its scalable blockchain technology. Moreover, Kaia aspires to address the user experience (UX) and distribution issues prevalent in web3 by deeply integrating with prominent Asian messaging platforms. This integration will foster a vibrant ecosystem of DeFi, gaming, RWAs, and messenger apps that operate on scalable web3 infrastructure.
Speaking about Kaia’s mainnet launch, Youngsu Ko, CEO of LINE NEXT Inc., called it a significant step in achieving their vision and objectives. He is confident that this launch will propel LINE NEXT’s business growth and foster advanced innovations, especially as they aim to broaden the Asian Web3 ecosystem.
As a researcher, I am eager to share that our upcoming focus revolves around crafting unique user experiences by leveraging the cutting-edge Web3 platform and LINE Mini Dapps, as part of the innovative Kaia Wave initiative, a project that I am involved with.
Kaia Launches The ‘Wave Builder Support Program’
Coordinating with the mainnet debut, Kaia unveiled the rollout of their ‘Kaia Wave Builder Assistance Program’, a scheme backed by both Kaia and LINE NEXT. The objective of this program is to foster Web 3 development within messaging apps in Asia. Eligible teams can secure up to $1.2 million in marketing, technical, and business assistance. This initiative offers grants for developers who utilize the NEXT Web SDK. In addition, participating teams will receive support for token generation events (TGE), liquidity, and potential venture capital connections.
The Web SDK bundle offered by LINE NEXT encompasses the Kaia Wallet SDK, Kaia Wallet Market API, and LINE LIFF API. These tools are beneficial for constructing Mini apps on LINE that operate directly within the messenger. This enables an array of opportunities for developers and users alike; from in-app payments on LINE to integrating native app functionalities similar to Telegram. By utilizing Kaia’s advantages such as low transaction latency, account abstraction, and fee delegation, developers can craft a smooth user experience while expanding their reach to an enormous user base of over 200 million LINE users spread across Asia.
Building A Massive User Base Across Asia
Kaia Blockchain stands out as one of the bustling and inventive Web 3 ecosystems in Asia, garnering attention with its wide usage across various sectors like South Korea. For instance, it’s being employed for user-oriented applications such as loyalty programs and certificates for medical implants.
The fusion with Fischia’s blockchain is anticipated to strengthen Kaia’s presence in Asia’s Web 3 market, as multiple products are planned to transition into Kaia’s system. One of these applications is DOSI, a digital commerce platform enabling users to buy memberships, access passes, concert tickets, and NFTs using cryptocurrencies or traditional money.
Beyond this, sponsorship from LINE and Kakao, leading messaging platforms in the region, indicates swift acceptance among users. KakaoTalk is utilized by 96% of South Korean residents, while LINE reigns supreme as the preferred messenger in Japan, Taiwan, and Thailand. By aligning with two of Asia’s most widely-used messenger super apps, Kaia offers a pre-existing market for developers to build innovative DApps that can reach millions.
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2024-08-29 11:59