HashKey Group and Kaia, which used to be called Klaytn, have made a major deal to improve Web3 technology in Asia and around the world.
Klaytn and Finschia are going to build the largest Web3 administration platform in Asia together. This will be easier to do with the union, which was approved on February 15. By putting all of their resources into making a competitive mainnet environment, the alliance wants to make digital payments, content creation, and security better.
A lot of big names in the business, like Kakao and LINE, will also work together to make the setting even bigger. He said that big tech companies in Asia are putting more money into Web3. This makes Asia a major player in the blockchain world.
The mainnet for Kaia went live on August 29. It was designed to work with apps like Telegram, but it was first made for the LINE chat tool. The new blockchain was made by Kakao and Line. It is based on the Ethereum Virtual Machine.
It has Kaia Wave, a tool for making small LINE apps that don’t take over the whole app store. The HashKey Group also teamed up with Catizen, a Telegram Mini App, on August 19. This was the first Web3 relationship for the company.
HashKey can offer Catizen users safe and legal digital asset services because of this connection. The decision was made because the Open Network environment is growing so quickly. El-Baz said it was becoming “increasingly dynamic.” HashKey and Kaia are serious about leading digital innovation and Web3 use, as shown by this deal. This will have an impact on the blockchain and digital asset businesses in Asia and beyond.
