Town Hall

Kaia: Joining hands with two major Asian social giants, Line and Kakao, a potential of 250 million users is ready to be unleashed. 1. Background Overview of Kaia 1.1 Project Introduction 1.1.1 Establishment and Development History On January 16, 2024, the two leading blockchain platforms Klaytn and Finschia announced the launch of a unified mainnet. These two mainnets originate from the two internet giants Kakao and LINE in South Korea and Japan, respectively. On August 29, 2024, the merged Kaia mainnet officially went live. By combining their respective ecosystems and assets, Kakao and LINE plan to create a giant blockchain in Asia and gradually lead the global Web3 market. The chairman of the Kaia Foundation is

Kaia Ecosystem Development Report: On-chain Growth Paradigm Centered on Mini Dapp 1. Overview of the Kaia Blockchain Ecosystem 1.1 The Predecessor and Team Background Kaia is a new ecosystem formed by the merger of two major blockchain projects led by Kakao and LINE, Klaytn and Finschia. Klaytn was launched by Kakao Group's blockchain subsidiary Ground X in June 2019, with early governance alliances including well-known South Korean companies such as LG Electronics, Celltrion, and Netmarble. LINE initially launched the LINK chain through its blockchain subsidiary LINE TECH PLUS in August 2018, and it was renamed Finschia in 2022. In April 2023, LINE established the Finschia Foundation in Abu Dhabi, responsible for operating Finschia.

The South Korean stablecoin market is rapidly developing, with policy support prompting banks, tech giants, and Web3 companies to actively participate. Major participants include a joint venture prepared by eight commercial banks, Kakao Pay's stablecoin layout, payment company Danal's innovations, and blockchain startup Nexus's international expansion. With the improvement of regulations, the market is expected to usher in a critical period of rapid rise in 2025-2026.

Can the Line ecosystem become a new Web3 engine? Introduction Line, as a popular communication software in Asia, announced this year that it will merge its mainnet with the Korean public blockchain Klaytn. This strategic move indicates that Line will actively expand its presence in the Web3 space. Looking back at the rise of the Telegram ecosystem, it successfully attracted a large number of Web3 projects and users through a strong user base and mini-program platform, becoming a bridge for the transition from Web2 to Web3. Now, Line also possesses similar development conditions and is expected to spawn new Web3 phenomenon-level projects in the Asian market, injecting new vitality into the field. This merger will bring technological innovation and changes in governance structure, issue a new unified token, and build an integrated network across Ethereum and Cosmos. This collaboration not only accelerates the development of Web3 technology but also signifies the emergence of Asian tech giants in the blockchain space.

Crypto market dynamics: Bitcoin is under pressure around $118,000, with non-farm payroll data in focus. Market Overview On Thursday, the U.S. President signed an executive order imposing "reciprocal" tariffs on goods from multiple countries, with rates ranging from 10% to 41%. Countries that did not reach an agreement face higher rates, such as 25% for India, 39% for Switzerland, and 30% for South Africa. Tariffs on Canadian goods were raised from 25% to 35%, and a 40% transshipment tax will be levied on transshipped goods. This move aims to protect U.S. manufacturing and address trade imbalances. Recent data shows that the core PCE price index rose by 2.8% year-on-year in June, reaching a five-month high, indicating persistent inflationary pressures. However, another side of the economy reveals signs of fatigue, with consumer spending growth slowing, real disposable income flat, and the household savings rate remaining at 4.5%. Although the FOMC kept interest rates unchanged for the fifth consecutive time this week, two board members unusually voted in favor of a rate cut.