The startup has developed an open-source public blockchain platform that facilitates a metaverse experience, focusing on applications in gaming and creator economies. This platform enables users to leverage decentralized finance (DeFi) and other blockchain use cases, promoting broader adoption of blockchain technology.
Funding
$90M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing blockchain platforms often struggle to achieve the transaction processing speeds and low latency required for real-world applications, particularly in Asia's rapidly growing Web3 market. High gas fees and complex user onboarding processes also hinder widespread adoption.
Solution
Kaia is a public blockchain platform designed to address these challenges by providing a high-performance, low-cost, and user-friendly environment for developers and users. Formed through the merger of the Klaytn and Finschia blockchains, Kaia achieves fast transaction finality with a 1-second block time and supports 4,000 transactions per second. The platform's architecture includes a Core Cell Network for transaction processing, an Endpoint Node Network for API requests, and optional Service Chains for dApps. Kaia also offers features like account abstraction and gas fee delegation to simplify the user experience, along with EVM compatibility and cross-chain bridges for interoperability.
Target Audience
The primary target audience includes Web3 developers, particularly those focused on DeFi, gaming, and RWA applications, as well as enterprises seeking to integrate blockchain solutions into their operations.
Features
- 1-second block generation and confirmation time, enabling near-real-time responsiveness
- Processing capability of 4,000 transactions per second
- Low gas fees, approximately 1/10 of Ethereum
- EVM (Ethereum Virtual Machine) compatibility, supporting Solidity smart contracts
- Support for account abstraction and gas fee delegation to simplify user onboarding
- Integration with LINE and Kakaotalk messenger apps, providing access to a large user base
- Planned support for CosmWasm and integration with cross-chain bridges for interoperability
- On-chain governance system with voting rights proportional to staked KAIA tokens
- Dual blockchain explorers: Kaiascope and Kaiascan