Klaytn Foundation Singapore

Klaytn and Finschia Jointly Propose a Chain Merge to Create Asia's Leading Blockchain Ecosystem

Klaytn Foundation and Finschia Foundation have submitted a proposal to merge the two blockchains to create Asia's Web3 technological and ecosystem powerhouse.If passed, the merger will see the unification of South Korea's leading blockchain with Japan's leading blockchain, to form a unified ecosystem comprising over 420 DApps and 250 million wallets integrated with Kakaotalk and LINE, two popular messaging platforms in Asia.The proposed new blockchain will be compatible with both EVM and CosmWasm, inheriting the strengths of both Klaytn and Finschia.The proposal also details the replacement of KLAY and FNSA with a new native coin that features improved tokenomics and no ecosystem reserve. Holders of KLAY and FNSA will be able to swap for the new blockchain's native coin upon issuance.View original content:https://www.prnewswire.co.uk/news-releases/klaytn-and-finschia-jointly-propose-a-chain-merge-to-create-asias-leading-blockchain-ecosystem-302035356.html