Kakao and LINE to Launch Kaia Blockchain Platform in the Philippines, Targeting Web3 Gaming and NFT Adoption
Kakao and LINE are teaming up to launch a new blockchain platform called Kaia in the Philippines, taking advantage of the country's growing interest in Web3 gaming. Kaia is the result of a merger between Kakao's Klaytn and LINE Tech Plus's Finschia, with the aim of capitalizing on the increasing popularity of blockchain technologies in the region. The platform boasts over 420 decentralized applications and is set to release several games in collaboration with 3KDS and Another World. Despite challenges to widespread cryptocurrency adoption in the Philippines, Kaia's multifaceted strategy aims to ensure the platform gains traction among both current crypto enthusiasts and new users.
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