What is KAIA

Learned by 706 usersPublished on 2024.10.29Last updated on 2024.10.29

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Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. What is Kaia?

Introduction to KaiaTokens

Kaia is a next-generation blockchain project formed by the merger of the Klaytn and Finschia blockchain projects. The project is jointly promoted by the South Korean tech giants Kakao (Klaytn side) and Naver's Line (Finschia side), aiming to integrate both blockchain platforms into a unified system.

Features and Goals

  1. Open Source and Transparency: Kaia is an open-source, transparent, and permissionless public blockchain, accessible to everyone.
  2. Community and Collaboration: Kaia emphasizes community and collaboration, aiming to create an inclusive environment where everyone can connect, collaborate, and contribute.
  3. Technical Integration: Kaia inherits the technical advantages of Klaytn and Finschia, including technology for real-time messaging platforms and expertise in application development.
  4. Ecological System Expansion: Kaia plans to expand its ecosystem in the fields of tokenizing real-world assets (RWA), GameFi, and DeFi by partnering with organizations in Japan, South Korea, and Southeast Asia.
  5. Governance Model: Kaia will broaden its governance structure to achieve permissionless validation, enhancing the system's openness and security.

Goals and Vision

Kaia's goal is to become one of the largest blockchains in Asia and play a significant role in the global Web3 space. By providing user-friendly development tools and a comprehensive ecosystem incentive system, Kaia aims to promote widespread adoption and innovation in blockchain technology.

2. Who founded Kaia?

TokensKaia was formed by the merger of the blockchain platforms Klaytn from South Korean social giant Kakao and Finschia, the popular instant messaging application LINE from Japan. This merger plan was proposed by Kakao and LINE in January 2024, aiming to create the largest Web3 ecosystem in Asia, and the Kaia mainnet was officially launched on August 29, 2024.

3. Which venture capitals invested in Kaia?

According to the provided search results, it is not possible to directly determine which venture capitals invested in TokensKaia. Here’s some relevant information:

  1. Venture Capital Entry into Crypto: In 2021, venture capital firms such as GGV Capital, Lightspeed China, and Northern Light Venture Capital began to focus on the crypto space.
  2. Crypto Venture Capital Evolution: The article mentioned the funding situation of the EOS project in 2018 and the funding of OpenSea in 2021, but it did not directly mention the investment information for Kaia.
  3. YOTO Information: Information provided by HTX Exchange mentions LINE NEXT/DOSI/kaia but does not specify which venture capitals invested in Kaia.

Therefore, it is not possible to determine which venture capitals invested in TokensKaia based on these search results.

4. How does Kaia operate?

KaiaTokens is the new mainnet born after the merger of Klaytn and Finschia. Here are the key points of its operation:

  1. Merger Background: Klaytn and Finschia merged in 2024 to form the new mainnet Kaia. This merger aims to integrate their technical advantages and create a more robust Web3 ecosystem.

  2. Token Conversion: Finschia’s FNSA tokens will be converted into KAIA tokens at a conversion rate of approximately 148:1 (148.079656:1 = KAIA:FNSA). The inflation of FNSA will cease on August 26, 2024.

  3. Technical Advantages: Kaia inherits the technical advantages of Klaytn and Finschia, including technologies from real-time messaging platforms KakaoTalk and Line, as well as partnerships in Japan, South Korea, and Southeast Asia.

  4. Ecological System Expansion: Kaia will promote ecosystem expansion in the fields of tokenizing real-world assets (RWA), GameFi, and DeFi, collaborating with partners in Japan, South Korea, and Southeast Asia.

  5. Governance Model: Kaia adopts Finschia’s Governance 2.0 model, emphasizing a community-centered decision-making process involving service providers, contributors, and all participants.

  6. Purchase and Storage: Users can buy and store Kaia on exchanges like Bitget. Bitget provides a convenient purchasing and withdrawal process and supports various payment methods.

In summary, KaiaTokens aims to create a more robust Web3 ecosystem through the merger of the technical advantages of Klaytn and Finschia, promoting expansion and collaboration in multiple fields.

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