Kaia DLT Foundation Joins ADGM, Nears Mainnet Launch Milestone

• Kaia DLT Foundation is incorporated in ADGM, marking a critical milestone before launching the Kaia mainnet.
• Kaia is set to revolutionize Web3 by bridging global investors and Asia’s growing Web3 market with robust infrastructure.

In a tweet, Klaytn, which will soon be rebranded as Kaia, announced the incorporation of the Kaia DLT Foundation within the Abu Dhabi Global Market (ADGM). This strategic action is a significant step toward deploying the Kaia mainnet.

As the foundation establishes itself in ADGM, it is expected to play an important role in advancing the adoption of Web3 infrastructure and applications.

Exciting news! #Kaia DLT Foundation is officially incorporated in the Abu Dhabi Global Market (#ADGM). This milestone sets us up to lead Asia's largest #Web3 ecosystem. Stay tuned for our mainnet launch details next week! Read morehttps://t.co/mqS0likugF #kaiadltfoundation pic.twitter.com/bnC1sc5kZE

— Klaytn (@klaytn_official) August 16, 2024

Kaia Bridges Global Investors and Asia’s Growing Web3 Market Through ADGM Partnership 

This is especially crucial because Kaia aims to connect worldwide investors, developers, and Asia’s rapidly increasing Web3 market. Kaia is well-positioned to serve creative Web3 companies that want to build on ADGM’s strong Layer 1 blockchain.

This blockchain is the product of the merger of Klaytn and Finschia, two well-known blockchains founded by tech titans Kakao and LINE.

Dr. Sam Seo, Chairman of the Kaia DLT Foundation, expressed his delight at the achievement, noting that the Kaia DLT Foundation’s registration in ADGM is the final and most important step before the Kaia mainnet’s debut. He added:

“With all preparations complete, we are now ready to initiate the process to launch the Kaia mainnet.”

As the foundation settles into its new home in Abu Dhabi, there is a strong desire to engage with worldwide partners and explore the potential to grow the Kaia ecosystem.

With over 420 decentralized applications (DApps) and a potential user base of over 250 million, Kaia is ready to change the way users, developers, and businesses interact with Web3. It promises to provide a smooth Web2 experience while also using the transformational power of blockchain technology.

This event has also prompted a spike of interest in Kaia’s native token, KLAY, which has witnessed an incredible 13.55% growth in value over the last 24 hours, reaching $0.1477 and becoming the day’s top gainer.

On the other hand, earlier this year, CNF highlighted the collaboration between Klaytn Foundation and Creder, which introduced GPC, the first tokenized gold found on DeFi other than Ethereum. Users have apparently created GPC by using their gold NFTs as collateral, demonstrating the Kaia ecosystem’s inventive progress.