Kaia Mainnet Launch Date Set

Following the successful incorporation of Kaia DLT Foundation into the Abu Dhabi Global Market (ADGM), the foundation confirms the launch of Kaia Mainnet on August 29, 2024

Kaia DLT Foundation, the organization behind the upcoming Layer 1 blockchain Kaia, has announced the launch date of the Kaia mainnet.

According to a statement from the foundation on August 29, 2024, the launch will involve several key events, including updates to the Finschia and Klaytn blockchains and the introduction of Kaia Portal and Kaia Square.

The launch of the Kaia mainnet will mark a significant moment for the Kaia ecosystem, offering features and integrations that will enhance its blockchain infrastructure and decentralized finance (DeFi) capabilities.

Kaia DLT Foundation on ADGM

The foundation's incorporation in the Abu Dhabi Global Market (ADGM), which is recognized as one of the world's most dynamic hubs for global technology and hybrid finance, will enable them to expand their infrastructure and presence in key global tech hubs, as stated in a statement by Kaia DLT Foundation.

Key quote:

“I am pleased to announce that the registration of Kaia DLT Foundation in ADGM, which is the final and most crucial milestone before the launch of the Kaia mainnet, is now complete. We are prepared to begin the process to launch the Kaia mainnet with all preparations having been made.”

About the Launch

Between the lines: According to Kaia DLT Foundation, the ADGM incorporation has brought them “a step closer to launching the Kaia mainnet.”

The New Features: Kaia will introduce two features at the mainnet launch:

The Timeline:

Keep an eye out for more information on the mainnet launch and Kaia's features.

Regarding the Native Token: The ticker update of $KLAY to $KAIA on various exchanges will happen on different timelines.

The Kaia Ecosystem

Earlier this year, the Klaytn Foundation and Finschia Foundation proposed merging two blockchains, Klaytn and Finschia, which were initially launched by IT giants Kakao and LIN, respectively. This merger resulted in the creation of Kaia, a powerful Layer 1 blockchain.

By the Numbers:

Klaytn, which is merging with Finschia, has a total of 420 decentralized applications (DApps) and a potential user base of over 250 million.

The foundation aims to connect with global partners and expand the Kaia ecosystem, which includes over 420 DApps and a potential user base of over 250 million.

This story is published on BitPinas: Kaia Mainnet Launch Date Set

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