Kaia Announces Partnership and Investment with 1kx and Blockchain Capital to Accelerate Global Market Expansion

Kaia DLT Foundation announced that it has secured investment and formed a strategic partnership with major blockchain venture capital firms '1kx' and 'Blockchain Capital (BCAP)'.

On the 30th, the Kaia (KAIA) Foundation revealed that it has partnered with 1kx and Blockchain Capital and secured private investment. Through this, the foundation plans to strengthen its Asia-based Web3 business and accelerate the global market entry of the Kaia blockchain.

Additionally, 'Galaxy', 'Spartan Capital', 'IDG Capital', 'Mirana Ventures', 'Caladan', 'Lingfeng Innovation Fund', 'Comma3 Ventures', 'SNZ', 'Waterdrip Capital', and 'MEXC VC' participated in the investment round.

The foundation evaluated that the partnership with 1kx and Blockchain Capital, the largest investment firms in Europe and the Americas, will greatly aid in introducing Line Next and Mini Dapp services to the market and strengthening its global market presence through business network sharing. The partnership includes business strategy development, collaboration with the Kaia project, connections with traditional financial companies like Visa, content and marketing support, validator operations, and core talent recruitment. Furthermore, it plans to actively utilize the business networks of multiple investment firms.

Nichanan Kesonpat, a senior analyst at 1kx, stated, "Kaia provides Web3 experiences on a platform connected to hundreds of millions, contributing to the industrial popularization," and "Kaia-based Mini Dapps have also secured a unique position, resulting in continuous revenue growth."

Yuan Han Li, a partner at Blockchain Capital, said, "We highly evaluate Kaia's potential to lead the popularization of Web3 beyond Asia into the global market," and "Kaia has secured exclusive partnerships with super apps, providing experiences to over 200 million users. We are confident that more developers will participate in Kaia-based development in the future."

Sangmin Seo, chairman of the Kaia DLT Foundation, stated, "This investment and partnership are expected to enhance the sustainability of the Kaia ecosystem while contributing to effective growth acceleration through strengthened cooperation," and "Kaia aims to expand into broader markets beyond Asia. We will continue to advance Web3 services."