Kaia: New Chain, New Vision
Kaia is uniquely positioned to bring more crypto utility to the world, focusing on the Asian market. We look at how they plan to do it and how investors may gain exposure to the new ecosystem.
Preview
TLDR
- Crypto adoption in the East is far greater than what we see in the West. Kaia aims to become “the largest web3 network in Asia.
- Kaia launched its mainnet last month, the result of a merge between L1s Klaytn and Finschia, two networks built out by Asian web2 giants Kakao and LINE respectively
- Klaytn brings the most to the crypto table in this merger as a leading chain for crypto gaming and a native token (KLAY) currently sitting at $800 million market cap
- Following the Telegram and TON blueprint, Kaia mini dApps will be launched on LINE messenger – a messaging app with over 230 million monthly active users. Kaia Wave is an initiative to do exactly this, offering up to $1.2 million in funding for mini dApp developers
- Kaia will also continue to run with Klaytn’s established position in crypto gaming. This aligns well with Kaia’s vision of crypto adoption, with the most popular mini dApps on Telegram currently being games
- KLAY remains the native token for Kaia until the migration to KAIA is complete (along with new tokenomics), but we discuss another way to gain exposure to this new chain.
