As a seasoned analyst with years of experience in the tech industry, I must admit that I am thrilled about the mainnet launch of Kaia, the high-performance layer 1 blockchain backed by Kakao and LINE. Having witnessed the rise and fall of numerous blockchain projects, it’s refreshing to see one with such a strong foundation and potential for mass adoption.
Launched by two prominent Asian messaging platforms, Kakao and LINE, the mainnet release of Kaia paves the way for millions of users to access Web 3 services, marking a fresh opportunity.
This week, as a crypto investor, I’m excited to announce that Kaia, a high-performing layer 1 blockchain, is finally launching its mainnet. This long-awaited event also marks the introduction of the Kaia Wave Builder support program, a collaborative effort between Kaia and LINE NEXT, aimed at speeding up the adoption of Web 3 services among consumers across Asia.
Located in Abu Dhabi, this company is recognized as one of Asia’s largest Web 3 companies, with an impressive network of 400 partners and a vast ecosystem spanning the region. The company emerged after Kakao and LINE, operators of messaging apps, entered blockchain technology. Subsequently, they launched Klaytn and Finschia, their respective L1 chains. The fusion of these two blockchains gave birth to Kaia.
In Asia’s most extensive Web 3 network, Kaia provides sophisticated Web 3 solutions to Web 2 users through its partnership with KakaoTalk and Line Messenger. By merging the advantages of Web 3 experiences with the convenience and swiftness of Web 2 within their beloved messaging super apps, over 250 million users on KakaoTalk and Line Messenger are granted opportunities to interact, innovate, cooperate, and contribute to the blockchain community.
During the unveiling of its main network, Dr. Sam Seo, Chairman of Kaia DLT Foundation, expressed enthusiasm about Kaia’s promising possibilities, highlighting:
With excitement building, the debut of the Kaia main network marks a fresh chapter in the widespread use of blockchain solutions by everyday consumers worldwide. By initially focusing on Asia, Kaia aims to make web3 technology accessible globally.
From August 29 onwards, Kaia users gain entry into the mainnet, allowing them to experience lightning-fast speeds, affordable transaction fees, and robust support from the blockchain. Additionally, strategic collaborations with prominent Asian Web 3 companies like Kakao and LINE NEXT will propel the platform’s growth and broaden its reach in global markets.
Kaia’s Mainnet Designed For Scalable Web 3 Ecosystems
Based on the team’s announcement, the mainnet launch will expedite platform development by utilizing its scalable blockchain technology. Moreover, Kaia aspires to tackle user experience (UX) issues and distribution challenges within web3, by deeply integrating with prominent Asian messaging platforms. This integration will foster a vibrant ecosystem for DeFi, gaming, RWAs, and messenger apps that run on robust web3 infrastructure.
In response to Kaia’s mainnet launch, Youngsu Ko, CEO of LINE NEXT Inc., described it as a significant stepping stone in their vision and objectives. He is confident that this launch will propel LINE NEXT’s business growth and facilitate groundbreaking advancements, as the company prepares to broaden the Asian Web3 ecosystem.
Youngsu Ko mentioned that LINE NEXT intends to offer unique user experiences by leveraging the latest Web3 platform and mini applications called LINE Mini Dapps, thanks to Kaia Wave.
Kaia Launches The ‘Wave Builder Support Program’
To coincide with the mainnet rollout, Kaia unveiled their ‘Kaia Wave Builder Assistance Plan’, a program backed by both Kaia and LINE NEXT. This initiative is designed to foster growth in Web 3 development within messaging applications across Asia. Eligible teams can receive up to $1.2 million in marketing, technical, and business assistance. Additionally, developers who utilize the NEXT Web SDK may be granted funds for their projects. Furthermore, participating teams will gain TGE and liquidity support, potential follow-up venture capital connections, and other benefits.
The Web SDK bundle from LINE NEXT comprises the Kaia Wallet SDK, the Kaia Wallet Market API, and the LINE LIFF API. These components are beneficial for crafting Mini apps on LINE that operate within the LINE messenger. This allows creators and users to explore a range of opportunities, such as integrated payment solutions within LINE or integrating native app functionalities similar to Telegram. By utilizing Kaia’s features like low transaction latency, account abstraction, and fee delegation, developers can design smooth user experiences while expanding their reach to millions of LINE users spread across Asia.
Building A Massive User Base Across Asia
As a keen observer within the realm of blockchain technology, I can attest that Kaia ranks among the most active and groundbreaking Web 3 ecosystems throughout Asia. The versatile platform is experiencing widespread adoption in South Korea, where it’s being utilized for an array of user-centric applications such as loyalty programs and medical implant certificates.
The planned integration of Fischia’s blockchain is anticipated to boost Kaia’s presence in Asia’s Web 3 market, as numerous products are slated to transfer over to Kaia’s platform. One of these applications is DOSI, a digital commerce platform enabling users to buy memberships, event passes, concert tickets, and NFTs using either cryptocurrencies or traditional money.
Furthermore, the backing from LINE and Kakao, major messaging giants in the region, suggests swift user acceptance due to their extensive user base. KakaoTalk is utilized by nearly all South Korean residents, while LINE leads as the dominant messenger in Japan, Taiwan, and Thailand. By linking with two of Asia’s most widely-used messenger super apps, Kaia opens up a pre-existing market for developers, enabling them to develop unique DApps that can be accessed by millions.
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2024-10-10 18:26