Kaia Completes Strategic Investment from Global Blockchain VCs
Layer 1 blockchain platform "Kaia" has secured investments and strategic partnerships from renowned global venture capital firms in the blockchain space, including 1kx and Blockchain Capital (BCAP), aimed at expanding its ecosystem.
These VCs, which support the growth of scalable Web3 ecosystems worldwide, highly value Kaia's potential as a leader in blockchain mass adoption, starting from the rapidly growing Asian market. In particular, Kaia's ongoing collaboration with advanced IT companies that operate messenger-based super apps like LINE has further solidified the trust of these global VC firms.
This capital alliance was realized through strategic decisions by world-leading Web3 VCs including 1kx and Blockchain Capital. Additionally, numerous Asia-based prominent VCs also participated, including Galaxy, Spartan Capital, IDG Capital, Mirana Ventures, Caladan, Lingfeng Innovation Fund, Comma3 Ventures, SNZ, Waterdrip Capital, and MEXC VC, highlighting the high level of interest in promising Web3 projects.
In particular, 1kx and Blockchain Capital, among the largest VCs in Europe and North America, plan to introduce Kaia's Mini Dapp service, developed in collaboration with LINE NEXT, to strategic markets and strengthen Kaia's global presence through shared business networks.
This collaboration encompasses various initiatives, including business strategy formulation, cooperation with Kaia projects, partnerships with financial companies like PayPal and Visa, content and marketing support, validator operations, core talent recruitment assistance, joint hosting of Mini Dapp hackathons, and providing feedback on technical stacks and development documentation.
Furthermore, many VCs, as key institutional investors in the Asian region, will contribute to strengthening networks to further expand Kaia blockchain's Web3 business in Asia.
Kaia has successfully provided seamless and intuitive Web3 experiences to general users in Asia through Web3 services deployed within the LINE messenger. Currently, the Kaia Foundation is advancing the "Stablecoin Summer" project, which aims to deploy one of the world's largest USD-denominated native stablecoins on the Kaia network.
Through this initiative, Kaia aims to build a hybrid Web3 payment ecosystem where diverse payment methods coexist, establishing Kaia as "Asia's Digital Dollar Gateway."
About Kaia Blockchain
Kaia is a high-performance public blockchain designed to interpret and innovate the values, technologies, and projects of Web3, providing more convenient blockchain services to users worldwide. Kaia was launched in 2024 through the integration agreement of governance members from Klaytn and Finschia blockchains, developed by two major IT companies, Kakao and LINE. It is building Asia's largest Web3 ecosystem based on a foundation with over 250 million potential users. All users utilizing the Kaia blockchain can engage in free development activities in Web3 services at speeds comparable to Web2 messenger services, allowing everyone to thrive as a member of the ecosystem.
The KaiaDLT Foundation, headquartered in Abu Dhabi Global Market (ADGM), an international financial free zone in the United Arab Emirates (UAE), was established in 2024 to expand the ecosystem of Kaia, Asia's leading global Layer 1 blockchain platform. The KaiaDLT Foundation aims to ensure that the Kaia ecosystem serves as a sustainable blockchain platform accessible to both developers and users with transparency. Additionally, members of the KaiaDLT Foundation support the Kaia mainnet in building an optimal ecosystem even in the rapidly changing blockchain industry environment by simplifying numerous ecosystem-related decisions and technical innovations and collaborations.
