Kaia Announces Partnership and Investment with 1kx and Blockchain Capital..."Accelerating Entry into Global Markets"

The Kaia DLT Foundation announced that it has secured investment and entered into a strategic partnership with key investors, including blockchain venture capital (VC) firm '1kx' and 'Blockchain Capital (BCAP)'.

On the 30th, the Kaia DLT Foundation stated that it has formed partnerships with 1kx and Blockchain Capital and has secured undisclosed investments. Through this, the foundation aims to strengthen its Asia-based Web3 operations and officially begin Kaia blockchain's expansion into global markets.

Additionally, investors participating in the funding round included 'Galaxy', 'Spartan Capital', 'IDG Capital', 'Mirana Ventures', 'Caladan', 'Lingfeng Innovation Fund', 'Comma3 Ventures', 'SNZ', 'Waterdrip Capital', and 'MEXC VC'.

The foundation commented that "the partnerships with 1kx and Blockchain Capital, the largest investors in Europe and the Americas, will help introduce LINE NEXT and Mini Dapp services to the market and greatly contribute to strengthening Kaia's global business presence through shared business networks." The partnerships include business strategy development, collaboration with Kaia projects, connections to traditional financial companies such as Visa, content and marketing support, validator operations, and core talent recruitment. The foundation also plans to actively utilize various investors' business networks.

Nichanan Kesonpat, Lead Analyst at 1kx, stated, "Kaia provides Web3 experiences on a platform connecting hundreds of millions of people, contributing to the widespread adoption of the industry," and noted, "Mini Dapp based on Kaia is also establishing a unique position, resulting in continuous revenue growth."

Yuan Han Li, Partner at Blockchain Capital, said, "We highly rate Kaia's potential to drive Web3 adoption in global markets beyond Asia," adding, "Kaia has secured exclusive partnerships with super apps to offer experiences to more than 200 million users. We are confident that more developers will participate in building on Kaia in the future."

Seo Sang-min, Chairperson of the Kaia DLT Foundation, remarked, "This investment and partnership will enhance the sustainability of the Kaia ecosystem and contribute to accelerating effective growth through stronger collaboration," and added, "Kaia aims to expand into broader markets beyond Asia, and we will continue to develop our Web3 services going forward."