In a significant move aimed at boosting Web3 adoption in Asia, HashKey Group, a leading digital asset services provider, has partnered with Kaia, formerly known as Klaytn. The partnership, announced shortly after Kaia’s rebrand and its merger with Finschia, is set to reshape the digital finance landscape across the continent.
Strengthening Asia’s Digital Finance Ecosystem
HashKey Group and Kaia have teamed up to boost Web3 technology growth in Asian and global markets. This partnership supports the merger of Kaia with Finschia, developed by Line Tech Plus, a subsidiary of Line. Approved this year, the merger aims to create Asia’s largest Web3 governance platform, significantly enhancing the region’s digital finance ecosystem.
Ben El-Baz, Managing Director of HashKey Global, emphasized the significance of this partnership, noting a shared commitment to innovation in digital assets. He highlighted the increased focus on Web3 by major Asian tech companies like Kakao and Line. This shift is positioning Asian blockchain communities to regain prominence on the global stage.
Implications of the Kaia-Finschia Merger
The merger between Kaia and Finschia goes beyond corporate rebranding; it strategically builds a robust mainnet ecosystem. By combining their strengths, this move aims to foster innovation and broaden the Web3 ecosystem. Close collaboration with partners like Kakao and Line supports this effort. The new platform is expected to significantly advance digital finance, content creation, and security, potentially setting a new standard for Web3 technology in Asia.
Kaia’s New Mainnet and Developer Initiatives
On August 29, Kaia launched its new mainnet, a crucial step in providing advanced blockchain services tailored to social messaging platforms like Line. The Ethereum Virtual Machine (EVM)-based layer-1 blockchain, supported by Kakao and Line, supports a wide range of decentralized applications (dApps). Alongside the mainnet launch, Kaia introduced Kaia Wave, a developer-focused program that allows for the creation of mini-decentralized applications within Line, further expanding the platform’s utility and reach.
Expanding Partnerships: HashKey and Catizen
HashKey Group recently partnered with Catizen, a Telegram Mini App, in its first venture into the Web3 space. This partnership enables HashKey’s licensed exchange to offer Catizen users secure, compliant digital asset services. This move reflects the fast expansion of The Open Network ecosystem.
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