Chairman of the Kaia Foundation explains how "Kaia+LINE NEXT" shapes the future ecosystem of Kaia

Starlabs Consulting
2024-12-16 17:20:47
Collection
Kaia DLT Foundation Chairman Dr. Sam Seo introduced Kaia's vision of "bringing Web3 to the fingertips of millions in Asia," the upcoming Mini DApps and DApp Portal in collaboration with LINE NEXT and its empowerment for $KAIA, the latest developments in Kaia's ecosystem in areas such as DeFi and Memecoin, and Kaia's presence in different global markets.

"Disruptors Unplugged" is a high-end dialogue program focused on exploring disruptive technologies, launched by Starlabs Consulting.

In this episode of "Disruptors Unplugged," Starlabs Consulting conversed with Dr. Sam Seo, Chairman of the Kaia DLT Foundation. Dr. Sam Seo introduced Kaia's vision of "bringing Web3 to the fingertips of millions in Asia," the upcoming Mini DApps and DApp Portal in collaboration with LINE NEXT and their empowerment for $KAIA, the latest developments in Kaia's ecosystem in areas like DeFi and Memecoin, Kaia's localization strategies in different global markets, and the latest news on Kaia's on-chain native stablecoin program.

Kaia Foundation Chairman Explains How "Kaia+LINE NEXT" Shapes Kaia's Future Ecosystem

On December 12, LINE NEXT Inc., a subsidiary of LINE dedicated to developing the Web3 ecosystem, announced in collaboration with the Kaia Foundation that it will launch Mini DApps and DApp Portal services in the first quarter of 2025, allowing users to access them directly within the LINE messaging app.

Kaia Foundation Chairman Explains How "Kaia+LINE NEXT" Shapes Kaia's Future Ecosystem

The collaboration between the Kaia DLT Foundation (Kaia) and LINE NEXT aims to integrate its blockchain solutions into the mainnet, ensuring the seamless operation of Mini DApps and DApp Portal. Mini DApps and DApp Portal will be integrated into the LINE Messaging super app in January next year. As a comprehensive end-user platform, it will help users discover and engage with these outstanding Mini DApps on the LINE Messenger App. Since September, over 800 teams have applied to join through the Kaia Wave program, with 30 DApps selected to be the first officially launched mini-programs on LINE Messenger. The Kaia Wave program aims to discover, attract, and onboard competitive Web3 projects supported by Kaia within the LINE Messenger ecosystem.

Here are the highlights from this episode of "Investors Unplugged."

Key Points:

  • When the Mini DApps and DApp Portal of LINE Messenger go live, Kaia will launch the first batch of 30 Web3 services, selected from over 800 applications, some of which have already achieved success in the Telegram community.
  • Kaia's utility token $KAIA will play a crucial role in facilitating payments, incentives, and rewards within the Mini DApps and DApp Portal of LINE Messenger. We will expand the utility of $KAIA by providing users with additional benefits, positioning $KAIA at the forefront.
  • The Kaia chain recently launched the KaiaFun platform, which will introduce a brand new memecoin ecosystem to the Kaia network, bringing hundreds of unique memecoins to users.
  • Kaia is in discussions with a major stablecoin issuer to issue a native USD stablecoin on the Kaia chain. Once successfully launched, it will facilitate seamless operation of LINE's Mini DApps and DApp Portal and further promote the growth of DeFi infrastructure.

🌃Starlabs: What makes "Kaia+LINE NEXT" unique compared to the integration of "TON+Telegram"?

Sam Seo: Unlike Telegram, the LINE Messaging App is both a messaging platform and a super life assistant used by both crypto and non-crypto users. LINE's DApp Portal and Mini DApps will provide an unparalleled user experience (UX) based on a clean user interface (UI).

In Mini DApps, non-custodial digital wallets, zero-fee delegation, and instant transactions come together perfectly. Additionally, the DApp Portal offers discovery tools for Mini DApps and their seamless functionality, while the Mini DApps are rigorously selected to provide high-quality, user-centric Web3 services. Based on these factors, we believe the Mini DApps program will achieve great success and change the way Web3 is used.

Kaia Foundation Chairman Explains How "Kaia+LINE NEXT" Shapes Kaia's Future Ecosystem

🌃Starlabs: Based on Kaia's roadmap, the collaboration with the LINE ecosystem seems less tightly bound than that between TON and Telegram. Do you agree with this statement?

Sam Seo: The collaboration between Kaia and LINE NEXT is conducted in an exclusive and close partnership. The teams from both companies communicate daily to enhance technical integrity, user experience, and marketing effectiveness. LINE NEXT's Web3 services and the supporting blockchain plans for LINE Messenger will be developed and run seamlessly on the Kaia blockchain.

🌃Starlabs: Will the Mini DApps ecosystem brought by Kaia+LINE NEXT provide more utility for $KAIA?

Sam Seo: The utility token $KAIA on the Kaia blockchain will play an important role in facilitating payments, incentives, and rewards within the Mini DApps and DApp Portal of LINE Messenger. We will expand the utility of $KAIA by providing users with additional benefits, positioning $KAIA at the forefront. We plan to tailor incentive policies for DApp partners that help expand the utility of $KAIA by using it in their services. For example, if a DApp purchases $KAIA from the secondary market to reward its users, we can provide substantial marketing support, such as advertising on the DApp Portal homepage.

🌃Starlabs: Which services and applications in the Kaia ecosystem will help convert Kakao Talk and LINE's massive Web2 users into active Web3 users?

Sam Seo: When the Mini DApps and DApp Portal of LINE Messenger go live, Kaia will launch the first batch of 30 Web3 services. Our selection process focuses on identifying the most entertaining and effective DApp services, some of which have already succeeded in the Telegram mini-program community. The first services to go live include Web3 games, healthcare, and more, with more detailed information available on Kaia's Medium (https://medium.com/kaiachain).

From my understanding, DApps can achieve success by providing entertainment through Web3 games. Additionally, healthcare DApps like SuperZ can enhance users' health potential by encouraging and rewarding healthy habits and active lifestyles. Some applications can also significantly improve efficiency by integrating AI scheduling and assistant functions. In the future, we will support the introduction of more competitive DApps that combine blockchain and AI to provide AI agent services.

🌃Starlabs: What infrastructure and services does the Kaia ecosystem have for memecoins?

Sam Seo: Kaia has a strong and vibrant memecoin ecosystem. We recently launched KaiaFun—a memecoin platform similar to Pump.fun. KaiaFun will introduce a brand new memecoin ecosystem to Kaia, bringing hundreds of unique memecoins to our users. Additionally, Kaia's DeFi infrastructure is equipped with essential financial modules to promote the development of Kaia's meme economy.

🌃Starlabs: What strategies do you have to attract more developers to join the Kaia ecosystem? Is there a developer bounty program?

Sam Seo: Kaia Wave provides diverse practical support for user acquisition and growth opportunities, which is more critical for the success of Web3 projects than relying on financial subsidies to attract developers. Since September, we have received over 800 applications and undergone intense competitive screening.

🌃Starlabs: What measures will Kaia take for community promotion (events, airdrops, etc.)?

SamSeo: Kaia enhances its ecosystem and community through impactful marketing campaigns and airdrop events (such as Kaia Epoch 1, distributing $KAIA tokens upon reaching specified TVL milestones). Our strategic partnerships with key players like Hashkey Group also reward and incentivize community participation to further promote our community's development. Kaia actively hosts and participates in community events, including Hackerhouse, monthly Meetups, AMAs, Town Halls, and large international Web3 conferences. These initiatives successfully attract end users and developers. Furthermore, our strong developer resources and integration with super apps like LINE Messenger enable millions of users across Asia and beyond to easily join, driving Web3 adoption and technological innovation.

Kaia Foundation Chairman Explains How "Kaia+LINE NEXT" Shapes Kaia's Future Ecosystem

🌃Starlabs: Kaia's vision is to "bring Web3 to the fingertips of millions in Asia." What was the motivation behind setting this goal?

Sam Seo: Kaia was formed by the strong merger of Klaytn and Finschia, initially developed by two different IT giants, Kakao and LINE. Given the backgrounds and team genes of these two chains, we have rich expertise in creating sustainable digital products and services for end users. Kaia continues this gene in the Web3 field, committed to providing convenient Web3 products. Moreover, our relationships with major IT companies in Asia are unparalleled, as these companies have super apps and infrastructure in technology and business, allowing us to reach the largest user base outside of China more quickly and conveniently.

Kaia Foundation Chairman Explains How "Kaia+LINE NEXT" Shapes Kaia's Future Ecosystem

🌃Starlabs: Although your vision focuses on the Asian market, Web3 itself is borderless. What global strategies do you plan to implement in the future?

Sam Seo: To further cultivate ecosystems in various Asian markets, we adopt a localization-first strategy, as each market has different needs and preferences. For example, Vietnam is one of our key markets, with a developer-centric ecosystem. After extensive market research and discussions with local partners, we found that many developers are eager to replicate the success of Axie Infinity, even if they do not explicitly express this ambition. To support this vision, we have established a local team in Vietnam to assist developers in building on the Kaia chain and achieving their goals.

In the Philippines, the market focuses on gamer-oriented strategies, with many players dreaming of creating large gaming guilds like YGG. To this end, we prioritize collaboration with local gaming guilds to help them grow their communities and integrate into our Web3 gaming ecosystem. This localized strategy allows us to build ecosystems that meet local needs.

🌃Starlabs: According to a recent summary from a Kaia Townhall meeting, Kaia seems to be planning to launch a stablecoin. Given the recent surge in market interest in stablecoins and PayFi, can you share more details about your plans in this area?

Sam Seo: We are in discussions with a major stablecoin issuer to issue a native USD stablecoin on the Kaia chain. Once our discussions and negotiations are successfully concluded, Kaia can provide a native stablecoin to its DeFi ecosystem while implementing stablecoin payment mechanisms in LINE Messenger's Mini DApps. This will facilitate the seamless operation of LINE's Mini DApps and DApp Portal and further promote the growth of our DeFi infrastructure.

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