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Kaia is a prominent public blockchain that emerged from the merger of the Klaytn and Finschia blockchains, initially developed by Kakao and LINE respectively.
Launched in August 2024, Kaia aims to simplify Web3 for users, builders, investors, and enterprises by focusing on community, sustainability, and simplicity.
It is an EVM-compatible Layer 1 blockchain, supporting Ethereum smart contracts and tools, and boasts a high performance with up to 4,000 transactions per second and instant finality.
Kaia integrates with popular messenger apps like KakaoTalk and LINE, providing access to over 250 million users and simplifying Web3 onboarding.
The ecosystem supports over 400 projects, including DeFi, blockchain gaming, NFTs, and real-world asset tokenization. $KAIA, is used for transaction fees, governance, and staking, replacing the previous KLAY and FNSA tokens.