Back in January this year, there was news of a merger between Klaytn and Finschia. A few days ago, there have been new developments in the merger, and the new mainnet, Kaia, is planned to be fully launched by the end of June. Initially, it will be launched on the existing Klaytn network, combining the technical advantages of Finschia and Klaytn. For Klaytn holders, there is no need for a separate token exchange during this process. However, Finschia's FNSA holders will need to convert their tokens to the new KAIA tokens. This conversion will be carried out through the newly established Kaia portal, which will be launched simultaneously with the Kaia chain.

The new mainnet Kaia is not just a technical upgrade; its new native token KAIA represents a fresh start. The symbol of this token, "&," not only symbolizes the combination of Klaytn and Finschia but also represents a commitment to partners and the community, aiming to bring together developers, enterprises, users, and traders in a unified ecosystem.

The two platforms behind Kaia, Klaytn and Finschia, proposed the KGP-25 plan at the end of January this year, aiming to create the largest Web3 ecosystem in Asia. This proposal was confirmed through a vote on February 15. Kaia will inherit not only the integrated advantages of Klaytn and KakaoTalk but also the technology of Finschia and Line, both leading instant messaging platforms in Asia. Additionally, the new mainnet will also promote ecosystem expansion in the tokenization of real-world assets (RWA), GameFi, and DeFi fields with partners in Japan, South Korea, and Southeast Asia.

With the launch of the new Kaia chain, we will continue to monitor how this blockchain merger demonstrates its competitiveness on the global Web3 stage and how it affects the market performance of related tokens. As of June 3, the prices of $FNSA and $KLAY have shown positive responses from the market, recording weekly gains of 23.31% and 21.24%, respectively. All of this indicates that Kaia will not only be an important advancement in Asian blockchain technology but may also become a focal point of attention for the global blockchain community.

A touching vision for a public chain, an overview of the Kaia project:

Kaia was born out of the desire to make blockchain technology easy to use and accessible to everyone, regardless of their background or experience. This vision is guided by its core values—community, sustainability, and simplicity—which serve as guiding stars in our journey of nurturing partnerships, deep community engagement, and driving blockchain adoption.

Kaia is committed to creating an inclusive environment where every individual can connect, collaborate, and contribute within the Kaia ecosystem. In this way, Kaia is not just a technical platform but a community shaped by active participants.

Throughout the development of products and services, Kaia has always been committed to sustainability, ensuring that our innovations not only meet current needs but also have a positive impact on the future. This long-term mindset is a key differentiator for Kaia compared to other blockchain projects.

Kaia ensures that all activities within its ecosystem are clear, efficient, and effective. Simplicity is reflected not only in the intuitiveness of the user interface but also in the ability for everyone to easily access and utilize the services provided by Kaia.

Kaia adopts the stylized "&" symbol as its brand and token logo, symbolizing the combination of Klaytn and Finschia, as well as the emphasis on partners and the community. This symbol represents not only connection but also the potential to inspire creativity and growth.

The naming of Kaia is meaningful. It not only implies the union of Klaytn and Finschia but also originates from the Greek word for "and" (και), emphasizing our belief in the power of connection in Web3. Additionally, the phonetic resemblance of Kaia to "Gaia" (the ancient Greek earth goddess, mother of all life) pays tribute to the brand heritage of Klaytn and Finschia, symbolizing growth and interconnectedness.

Introduction to the Klaytn project and its development roadmap:

Klaytn is a blockchain platform launched by GroundX, a subsidiary of the South Korean internet giant Kakao, aiming to drive the widespread adoption of blockchain technology through its high performance, scalability, and reliability. Using the proof of stake (PoS) consensus mechanism, Klaytn not only accelerates transaction speed and confirmation time but also maintains the efficient operation of the system.

The original design of Klaytn aims to integrate the advantages of public and private blockchains to provide an efficient and secure environment. This unique combination enables Klaytn to support a large number of transactions and users while maintaining low processing time and costs, which is crucial for businesses requiring high-frequency, large-scale transactions. Additionally, Klaytn supports smart contracts, allowing developers to build various decentralized applications (dApps) on the platform, commonly known as BApps (blockchain applications), to meet the needs of different industries and application scenarios.

Klaytn is committed to providing an accessible, user-friendly development environment, allowing even blockchain technology novices to easily build and deploy blockchain applications. Through a platform similar to web services, Klaytn simplifies the process of creating new blockchain environments, reducing the technical burden on developers. This design philosophy is particularly attractive to developers transitioning from centralized applications to decentralized applications, as it lowers the entry barrier and accelerates the implementation of innovative applications.

KLAY is the native cryptocurrency in the Klaytn ecosystem, playing multiple roles within the system. As a payment method, KLAY is used in applications built on Klaytn, and it is also rewarded to developers who contribute to the platform. Additionally, KLAY is a popular choice for cryptocurrency traders and investors who seek to profit from market price fluctuations through trading.

For purchasing KLAY, investors can buy it on various cryptocurrency exchanges that support the token. Investors need to create accounts on these exchanges and complete the necessary identity verification processes before purchasing KLAY using accepted payment methods. After purchase, KLAY can be stored in wallets that support Klaytn technology, including wallets provided by exchanges or specialized hardware wallets for enhanced security, such as Trezor or Ledger.

Through these comprehensive features and innovations, Klaytn has become an important force in the blockchain field not only in South Korea but also globally. With continuous technological advancements and the maturation of the ecosystem, Klaytn is laying a solid foundation for the future of blockchain technology, driving broader adoption and technological integration.

Rooted in the wealthy country of the UAE, the Finschia Foundation:

Established in March 2023, the Finschia Foundation is an independent nonprofit organization located in Abu Dhabi, UAE. The foundation is dedicated to expanding public blockchain and Web3 technology, inheriting the LINE blockchain's concept of "blockchain for all." As the operator of the third-generation public blockchain mainnet Finschia and the encrypted asset FINSCHIA (FNSA), the foundation aims to achieve a sustainable token model with global Web3 users.

The main goal of Finschia is to become a leading global blockchain ecosystem, leading the popularization of Web3, and attracting over 1 billion users. As the successor to the LINE Blockchain, which has been independently developed and operated since 2019, the Finschia Foundation has not only taken over the vision and mission of LINE Blockchain but also has driven industry progress. The platform focuses on the essence of service growth and the growth of token demand, adhering to the principles of the Finschia token economy 2.0.

The FNSA token, as the primary currency for transactions on Finschia, also rewards individuals who contribute to the network's growth and development. Through a protocol-based inflation mechanism, Finschia ensures fair distribution of FNSA tokens, creating a virtuous cycle that promotes adoption and increases network value. Finschia allocates tokens through the protocol, with 50% used for network contributions, 30% for service contributions, and 20% as reserves, starting from zero reserves to incentivize and support service growth.

To transition to the alliance system and drive the development of public blockchain systems, Finschia has implemented Governance 2.0, where governance members play a key role in major decisions. By nurturing a community-centric approach, involving service providers, contributors, and all participants in the Finschia ecosystem, the foundation aims to create a sustainable token model.

Finschia provides support to many Web2.0 companies, including LINE, helping these companies seamlessly access the Finschia mainnet. Finschia's Web3 blockchain design aims to accommodate both direct and indirect on-chain contributions, generating economic value. This strategy not only promotes the popularization of blockchain technology but also provides a platform for traditional enterprises to transition to digital businesses.

What impact will the merger of the two giants have on the Web3 industry?

With the upcoming launch of Kaia, the Klaytn and Finschia teams are working tirelessly to ensure maximum competitiveness in terms of technology and ecosystem, with the goal of launching the Kaia mainnet by the end of June 2024. The launch of Kaia not only marks the birth of a new blockchain ecosystem but also heralds the rise of a network centered on collaboration, innovation, and users. Through collaboration with LINE NEXT and a focus on DeFi initiatives, Kaia will simplify the user experience and drive the popularization and application of blockchain technology globally.

The launch of Kaia is a significant milestone for the Klaytn Foundation and the Finschia Foundation. We look forward to working with users, developers, and partners to jointly promote the growth of the Kaia ecosystem and lead the future of on-chain in Asia and even globally. With the addition of more DeFi projects and collaboration with more global blue-chip DeFi projects, Kaia will not only become a leader in the Asian blockchain field but will also demonstrate its influence in the global Web3 field.

With the imminent establishment of the Kaia DLT Foundation and collaboration with top gaming companies in multiple Asian countries and Web3 projects with globally renowned IPs, Kaia will create an unprecedented collaboration platform for developers, innovators, and users. Additionally, the discovery and promotion of AI-based dApps, as well as support for the digital transformation of traditional Web2 companies, will make Kaia a bridge connecting traditional enterprises and modern blockchain technology.

The challenges facing Kaia are mainly related to integration, especially in the technical and cultural integration of the two major systems. While there may be some initial technical and operational issues, in the long run, this integration is expected to bring broader market acceptance and higher system efficiency.

Furthermore, the optimization of the governance model is also key to Kaia's success. By expanding the governance structure to 100 leading global enterprises and achieving permissionless validation, Kaia aims to increase its decentralization, enhance the openness and security of the system. This robust governance framework will give Kaia a significant advantage in the global blockchain competition.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。