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Klaytn and Finschia merger greenlit to form Asia’s largest web3 ecosystem

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Layer-1 blockchains Klaytn and Finschia announced Thursday that their proposal to merge the two networks has been officially approved.

Layer-1 blockchains Klaytn and Finschia announced Thursday that their proposal to merge the two networks has been officially approved by governance members of both foundations.

Klaytn is backed by South Korean internet giant Kakao, while Finschia was developed by Japan’s messaging conglomerate LINE. The two have established networks in Singapore, Vietnam, Taiwan, Thailand and Abu Dhabi.

 

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