Kaia announces investment from venture capital, led by Blockchain Capital and 1kx

In comparison, the Kaia Foundation published an article on X announcing that it has received investment from top crypto venture capital firms, led by Blockchain Capital and 1kx, Galaxy, The Spartan Group, IDG Capital, Mirana Ventures, SNZ Holding, Comma3 Ventures, Caladan, Lingfeng Capital, Waterdrip Capital Also, institutions such as MEXC Ventures participated in the investment. The specific investment institutions have not yet been disclosed.

Kaia is a merger of the Klaytn and Finschia blockchains originally developed by Kakao and LINE respectively. It has the lowest transaction latency in EVM L1, has a block time of 1 second and instant finality, enables a smooth user experience and opens up possibilities for use cases that require near-real-time response.