Jinse Finance reported that the first layer blockchain Kaia officially launched its Mainnet last Thursday. The project is a collaboration between Kakao and LINE, the messaging giants in South Korea and Japan, and is a merger of the first layer blockchain Klaytn and Finschia, which they previously launched. Kaia Builder will draw on Telegram's TON blockchain strategy to create native dApps that can be directly integrated into the LINE communication program using a trap available SDK and API.

Odaily Planet Daily News According to official sources, the Kaia Foundation has announced that the new FNSA stake will be suspended starting from August 23, 2024, to facilitate the smooth integration of the Kaia Mainnet. All delegation and redelegation functions on the FNSA wallet will be disabled, and stake rewards will cease on August 26, 2024, three days later. In addition to canceling the stake reward, the unstake time is also shortened from 7 days to 1 hour to simplify the process.

Finschia and Klaytn have decided to merge Mainnet, and FNSA Token and governance will transition to Kaia Mainnet. FNSA inflation will stop on August 26, 2024, and the unbonding time will be reduced from 7 days to 1 hour. Finschia users can convert tokens through the Kaia portal, and the foundation will provide at least 12 months of exchange services. The voting cycle will be changed to 3 hours. Kaia Mainnet will go live on August 29, 2024.

KaiaDLT Foundation is established in Dubai International Financial Center and Abu Dhabi Global Market, and KaiaMainnet will go live on August 29, 2024. Kaia is an Open Source, transparent, and permissionless public chain, suitable for everyone.