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Kaia Blockchain launches mainnet to connect millions in Asia to Web3 services

Kaia Blockchain launches mainnet to connect millions in Asia to Web3 services

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CEO Insights Asia Team | Thursday, August 29, 2024

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Kaiaa powerful Layer 1 blockchain developed by two of Asia’s leading messaging apps, Cocoa and LINEhas officially launched its highly anticipated mainnet, marking a major milestone in opening Web 3 services for millions of users across Asia. In parallel with the mainnet launch, Kaia introduced the Kaia Wave Builder support program, a joint initiative with LINE CONTINUEwith the aim of accelerating consumer adoption of Web 3 services.

The Abu Dhabi-based company is considered one of Asia’s largest Web 3 companies, with 400 partners and a vast ecosystem across the region. The company was founded following Kakao and LINE’s foray into blockchain, when the two messaging app operators launched the L1 chains Klaytn and Finschia. Kaia was born from the merger of the two blockchains.

Kaia, the largest Web 3 ecosystem in Asia, provides enhanced Web 3 services to Web 2 users through its integration with Kakaotalk and LINE Messenger. By combining Web 3 experiences with the simplicity and speed of Web 2 in their favorite messenger super app, Kaia enables over 250 million Kakaotalk and LINE users to connect, create, collaborate and contribute to the blockchain ecosystem.

Speaking at the mainnet launch, Dr. Sam Seo, Chairman of the Kaia DLT Foundation, spoke about Kaia’s potential, stating: “The highly anticipated launch of the Kaia mainnet ushers in a new era for widespread consumer adoption of blockchain-based services. Kaia will bring web3 to the rest of the world, starting in Asia.”

Kaia users can access the mainnet and enjoy the ultra-high speeds, low gas fees, and leading support that the blockchain offers. The strategic partnerships with some of the most popular Web 3 companies in Asia, such as Kakao and LINE NEXT, will further drive the development of the platform and its expansion into global markets.

The team announced that the mainnet launch will enable faster development on the platform by leveraging the scalable blockchain. Kaia also seeks to address the UX and distribution challenges of Web 3 through deep integration with leading Asian messaging apps. This approach is designed to foster a vibrant ecosystem of DeFi, gaming, RWAs, and messenger apps, all running on a scalable Web 3 infrastructure.

Youngsu Ko, CEO of LINE NEXT Inc., praised the Kaia mainnet launch, calling it an “important boost” to the company’s vision and goals. He believes the launch will advance LINE NEXT’s business and enable futuristic innovations as the company aims to expand the Asian Web3 ecosystem. “LINE NEXT will focus on bringing new experiences to users with the new Web3 platform and LINE Mini Dapps via Kaia Wave,” Youngsu Ko added.

Alongside the mainnet launch, Kaia unveiled the “Kaia Wave Builder Support Program,” co-sponsored by Kaia and LINE NEXT. This initiative aims to accelerate Web 3 development in messaging apps across Asia and offers up to $1.2 million in marketing, technical, and business support to eligible teams. Developers using the NEXT Web SDK can apply for grants and will also receive TGE and liquidity support, as well as connections to venture capital for further growth.

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