Layer 1 blockchain launched by Kakao and LINE launches mainnet

Comparing news, messaging app giants Kakao and LINE's Layer-1 blockchain Kaia announced the launch of the main network. Kaia builders will be able to build Telegram-style apps on LINE messenger.

Kaia is the result of Kakao's Klaytn merging with LINE's Finschia. The Layer-1 blockchain is expected to solve the challenges of web3 user experience and distribution through deep integration with Kakao and LINE messaging apps. Its ultimate goal is to build an ecosystem that supports DeFi, gaming, real-world assets, and web3-based messaging apps.

Launched along with the mainnet is Kaia Wave, a builder support program. Eligible teams using the Kaia SDK will receive $1.2 million worth of marketing, technical, and business support. Other benefits include future token generation activities and liquidity support. Meanwhile, users will be able to trade Kaia tokens on HashKey Global starting August 29th.