Dr. Sangmin Seo

• Klaytn, introduced by Kakao Corp. in 2019, serves to accelerate the metaverse and GameFi initiatives. This platform is geared towards empowering young creators to build unique applications on Klaytn, enriching its ecosystem.
• Klaytn has successfully secured $90 million to foster its ecosystem by attracting major investors such as IDG China, which has a history of supporting brands like Ripple, in addition to Peter Thiel's Crescendo Equity Partners and TransLink Capital.
• Klaytn operates on a branched network design, which includes a Core Cell Network as its main frame and various Service Chain Networks that address the typical scalability concerns associated with blockchain.
• Klaytn has successfully established interoperability with Ethereum.
• The ecosystem of Klaytn has welcomed 271 projects, primarily focusing on decentralized exchanges (DEXes/DeFi), gaming or NFTs, and centralized exchanges (CEXes/payments).
• The team behind Klaytn boasts extensive expertise in both institutional operations and the crypto sector.
• Klaytn's robust community, technological innovations, and user-friendly ecosystem give it significant growth potential.

Head of Partnerships

Numerous blockchains and established platforms are in competition for market share, presenting various strategies to tackle issues related to scalability, programming, or user-friendliness of their protocols. This competitive landscape is intensifying daily. Klaytn is among these contenders. So what attributes make this project capable of standing toe-to-toe with the most formidable and seasoned players in the field? What unique qualities set it apart? What milestones has it reached so far, and what future developments are in store? ADVISORS Klaytn, the public blockchain developed by Kakao Corp., stands as the leading mobile blockchain platform in South Korea. Its official launch occurred on May 13, 2019, during the fifth annual CoinDesk Consensus Blockchain Technology Summit held at the Hilton Midtown Manhattan.

Jiho Song

Junyear Kang

In March 2019, the platform was introduced to boost the mainstream adoption of blockchain technology. It quickly garnered the attention of several esteemed investors, such as IDG China—known for its investment in Ripple back in 2013—as well as Crescendo Equity Partners, supported by Peter Thiel, and TransLink Capital. Other significant investors have included Alameda Research, Hashed Fund, and Chain Capital. Klaytn also made headway in forging meaningful partnerships with influential consulting firms across various global regions.

Looking into the future ecosystem Widus, a tech-focused consulting agency, works to connect Klaytn with potential partners in the technology and business spheres across the US, Hong Kong, Singapore, and Indonesia. Klaytn has also Hashed, the premier blockchain accelerator in Korea, backs Klaytn in enhancing its token economy and fostering a vibrant community through its network of top-tier VC and cryptocurrency partners.

• Ledger Capital, a blockchain consultancy, assists Klaytn's growth by linking it with globally recognized startups and organizations that have a strong presence in Asia.
• Ground X is responsible for integrating external services into Klaytn, which includes gaming and travel applications. To date, GroundX has collaborated with 26 companies willing to launch their applications on Klaytn, including the game studio Wemade Entertainment Co.
• The first wave of service partners to join Klaytn comprises: Content Protocol, Atlas, BORA, SPIN Protocol, Cloudbric, INSUREUM, Knocknock, and Antube.
• Klaytn represents a highly efficient, service-centered public blockchain aimed at nurturing a thriving metaverse. It strives to open doors for diverse creators and youth with innovative ideas to enrich its ecosystem. In essence, Klaytn is a public blockchain concentrated on the realms of the metaverse, GameFi, and the creator economy.

What strategies does Klaytn plan to employ to reach this ambition?

Conclusion

NFT

Klaytn offers metaverse developers a comprehensive suite of integrated solutions. This extensive toolkit comprises Layer 2 solutions, software development kits (SDKs), smart contract libraries, wallets, blockchain explorers, oracles, decentralized storage, bridges, decentralized autonomous organizations (DAOs), NFT marketplaces, DEXes, and various development tools. The platform enables the utilization of any Ethereum-compatible development tool, ensuring smooth and efficient operation within Klaytn's ecosystem, effectively matching the user experience and performance of the existing Ethereum framework. Additionally, new tools developed within Klaytn can be adapted for Ethereum-based applications as well. All these resources are neatly bundled to facilitate ease of use for developers, allowing them to bring their creative visions to life without significant hurdles.

Yet, one key aspect distinguishes Klaytn from other ecosystems: its commitment to community development. The platform's appeal lies in its supportive environment, where numerous innovative minds can leverage both community resources and the guidance of the Klaytn team. Game guilds, investment DAOs, community alliances, launchpads, and partnerships with global players contribute to the seamless functioning of the intricate Klaytn ecosystem.

Recognizing the challenge of attracting newcomers to Web3 solutions, Klaytn is bridging the gap by introducing users through the familiar Web2 framework, aiming for widespread adoption in the future. 'While it poses challenges, integrating Web3 technologies into Web2 platforms could facilitate mass acceptance,' stated Klaytn Foundation director Sam Seo.

Secondly, Klaytn blockchain manufacturability provides a high-performance solution, namely high throughput of 4000TPS, immediate finality (1 second), and seamless interoperability with other blockchains (including Klaytn L2 chains), wallets, bridges, and explorers.

Klaytn further extends assistance to emerging projects in need of direction. This encompasses financial, management, and advisory support, covering treasury guidance, the Klaytn Growth Fund, the IP-Oriented Investment Fund, performance incentives, and invitations to the GC program. Such provisions help safeguard projects from financial instability, enabling them to flourish despite their initial lack of experience.

All aspiring creators of the metaverse require is a brilliant idea and a foundational plan, and they are primed to embark on their journey. Klaytn and its rich community stand ready to assist in navigating the path ahead. Read related posts: .

'To establish the infrastructure for this collaborative Web3 playground, Klaytn will synergize our robust community with cutting-edge technological frameworks to reveal fresh opportunities and spur innovation. As an open-source and public blockchain initiative, Klaytn is designed to be a foundational layer of trust within the metaverse, honoring the contributions of all community members and empowering them to collaborate effectively.'

Now, let's delve deeper into the technological component of the ecosystem. The Klaytn network can be categorized into three primary subnets based on their specific roles and objectives. The illustration below presents an overall view of Klaytn's ecosystem.

Figure 1: Overview of the Klaytn ecosystem. Source: Klaytn.

Tags:

Blockchain

This subnet is involved in block generation within the Klaytn network.

Endpoint Nodes function as the blockchain network's access point, managing RPC API requests.

Klaytn

The Core Cell Network (CCN) comprises core cells (CCs) that validate and facilitate transactions relayed through the Endpoint Nodes (ENs). The CCN plays a crucial role in block creation and distribution throughout the network.

Metaverse

The Endpoint Node Network (ENN) is composed of Endpoint Nodes (ENs) responsible for transaction creation, handling RPC API requests, and managing data requests from service chains.

Disclaimer

Service Chain Networks (SCNs) are subdivisions of Klaytn, consisting of independent sub-chains that are managed by decentralized applications (dApps). Service chains connect to the primary chain via endpoint nodes, allowing Klaytn to effectively address scalability challenges.

In line with the

Core Cell Network and Endpoint Node Network establish the primary chain of Klaytn, known as the mainnet. Blockchain applications can deploy on either the main Klaytn chain, called Cypress, or on independently defined Service Chains . When starting a project, developers can choose either option. Generally, if they desire a predefined runtime that guarantees high transaction throughput (TPS) and specific network policies, opting for a Service Chain would be the logical approach. Alternatively, if the Cypress settings align with their requirements without the need for unique protocol features, they can comfortably build on the main chain.

Trust Project guidelines

The cost of gas presents another significant consideration. GameFi, DeFi, and the integration of the metaverse often entail numerous transactions. For a transaction of 250 ston, transferring KLAY would incur a fee of 0.00525 KLAY (21,000 Gas for a KLAY transfer x (250 x 10^-9) = 0.00525 KLAY). Given today's KLAY prices, gas costs remain manageable.

'We understand that users are still hesitant to engage with this platform because there are costs involved. Therefore, we believe that keeping gas fees to a minimum is crucial for encouraging participation in this space. That’s our philosophy, and we are actively working to reduce gas fees,' commented Klaytn Foundation director Sam Seo.

Transparency, security, and decentralization About The Author Anyone has the ability to initiate transactions and verify their outcomes on the blockchain.

Klaytn is a decentralized network, ensuring that no malicious actor can compromise the integrity of the data.

The Klaytn IBFT consensus algorithm guarantees that the data recorded on the blockchain remains accurate and unchanged, providing the reliability and consistency essential for large-scale applications.

Klaytn: The Blockchain Powering the Metaverse for Everyone - Metaverse Post

• Klaytn, a cutting-edge public blockchain developed by Kakao Corp., stands as a dominant mobile platform in South Korea.
• Klaytn: The Blockchain Powering the Metaverse for Everyone
• Highlights: Launched by Kakao Corp. in 2019, Klaytn is designed to boost the metaverse and GameFi sectors. Its mission is to inspire young innovators to craft unique projects.

FTC's Attempt to Halt Microsoft-Activision Merger Falls Short

Date of Publication: September 13, 2022, 8:05 am | Last Updated: September 15, 2022, 2:50 am

• To enhance your experience in your native language, we sometimes utilize a translation plugin. Please keep in mind that automatic translations may lack precision, so take care to read carefully.
• Implemented by Kakao Corp. in 2019, Klaytn aims to foster the metaverse and GameFi, encouraging young talent to develop outstanding projects and enrich the ecosystem.

More articles Cryptomeria Capital Klaytn has successfully secured $90 million to expand its ecosystem, attracting significant investors like IDG China—known for their investments in Ripple—and Peter Thiel-backed Crescendo Equity Partners, along with TransLink Capital.

Cryptomeria Capital

Klaytn operates as a branched network, featuring a Core Cell Network (the main network) and Service Chain Networks (supporting networks), effectively addressing scalability challenges.

• Klaytn has established seamless interoperability with Ethereum.
• A total of 271 projects have joined the Klaytn ecosystem, predominantly focused on decentralized exchanges (DEXs), decentralized finance (DeFi), gaming/NFT sectors, and centralized exchanges (CEXs)/payment solutions.
• The Klaytn team is rich in experience within both institutional business and the cryptocurrency realm.

With a vibrant community, technological advancements, and a user-friendly environment, Klaytn showcases impressive potential.

A foundation built on transparency, security, and decentralization

Market capitalization and fundamental indicators

Who drives these successes?

Numerous blockchains and established networks are vying for market share, each offering varied methodologies to tackle scalability issues, programming integration, and accessibility of their protocols. This competitive landscape is intensifying daily. So, what sets Klaytn apart as a worthy contender against heavyweight industry leaders? What unique traits does it possess? What milestones have been reached, and what is the vision for future growth?

Klaytn, a public blockchain platform birthed by Kakao Corp., leads as a significant mobile platform in South Korea. The platform launched on May 13, 2019, during the fifth annual CoinDesk Consensus Blockchain Technology Summit held at New York's Hilton Midtown.

In March 2019, the platform was designed with the intent to accelerate widespread blockchain adoption, capturing the interest of various reputable investors, including IDG China—who made a notable investment in Ripple in 2013—as well as Crescendo Equity Partners, supported by Peter Thiel, and TransLink Capital. Other significant backers are Alameda Research, Hashed Fund, and Chain Capital. Klaytn also onboarded influential consulting partners from various global regions.

• More articles
• Hot Stories
• by

Widus, a consultancy with a technological focus, helps connect Klaytn with potential partners among the top firms in technology and business sectors across the US, Hong Kong, Singapore, and Indonesia. Alisa Davidson .

Hashed, recognized as Korea’s leading blockchain accelerator, aids Klaytn in cultivating its token economy and community through its strong connections with top global venture capital and crypto-centric partners.

Ledger Capital, a blockchain consulting company, supports Klaytn's ecosystem expansion, collaborating with unicorn startups and influential enterprises across Asia.

April 25, 2025

Ground X integrates third-party services into Klaytn, encompassing gaming and travel applications. Currently, it has partnered with 26 companies, such as Wemade Entertainment Co., a game development powerhouse, who have committed to deploying their applications on Klaytn.

• by
• Alisa Davidson
• April 25, 2025

Some of the pioneering service partners to collaborate with Klaytn include Content Protocol, Atlas, BORA, SPIN protocol, Cloudbric, INSUREUM, Knocknock, and Antube.

by

Klaytn is a highly efficient, service-centric public blockchain that aspires to cultivate a dynamic metaverse landscape, allowing for growth and adaptability. Its goal is to create avenues for innovative thinkers and young talents to contribute original and impactful ideas to this evolving ecosystem. Essentially, Klaytn emphasizes its focus on the metaverse, GameFi, and the creator economy.

What strategies does Klaytn implement to fulfill its ambitions?

Klaytn supplies metaverse creators with a suite of integrated solutions. This extensive toolkit includes everything from Layer 2 (L2) solutions and software development kits (SDKs) to smart contract libraries, wallets, chain explorers, oracles, distributed storage options, bridges, decentralized autonomous organizations (DAOs), NFT marketplaces, DEXs/DeFi, and development tools. With compatibility for Ethereum development tools, Klaytn ensures that they operate smoothly within its ecosystem. Moreover, any new innovations arising from Klaytn can also be adapted for Ethereum, creating a seamless development environment. Victoria d'Este What really sets Klaytn apart from its competitors, however, is its emphasis on community engagement. The platform's appeal to diverse thinkers and projects is significantly enhanced by the support available from both the community and the Klaytn team. Game guilds, investment-focused DAOs, various DAO communities, launchpads, and alliances with global entities are what keep the intricate Klaytn ecosystem running smoothly.

The Klaytn team is well aware of the challenges involved in attracting new users to Web3 solutions, hence their strategy of easing newcomers from the Web2 realm into this new space, aiming for broader adoption. \"Although it’s a challenge, integrating Web3 technologies into existing Web2 platforms could facilitate mass adoption,\" remarked Klaytn Foundation director Sam Seo.

Klaytn provides additional backing to emergent projects that may require guidance. This support encompasses financial assistance, management consulting, and treasury advisory, including resources such as the Klaytn Growth Fund, an IP-Oriented Investment Fund, and various performance incentives. These resources help safeguard new ventures against financial unpredictability. The lack of experience is not a barrier to entrepreneurship within this ecosystem.

April 25, 2025

• by
  Alisa Davidson
• April 25, 2025
  Join Our Newsletter.
• Latest News
  by
• Alisa Davidson
  April 25, 2025
• by
  Alisa Davidson
• April 25, 2025
  by
• Alisa Davidson
  April 25, 2025
• by
  Alisa Davidson

April 25, 2025

• Know More
  All aspiring innovators in the metaverse require is a fantastic concept and a rough framework for execution to embark on their journey. The Klaytn community stands ready to assist.
• Know More
  "To develop the infrastructure for this collaborative Web3 environment, Klaytn aims to merge our vibrant community with state-of-the-art technology to unveil new possibilities and accelerate innovation. As a public, open-source blockchain initiative, Klaytn is envisioned as a crucial layer of trust for the metaverse, acknowledging the contributions and participation of all communities, empowering and uniting them.\"

Read More

Let’s dive deeper into the technological framework of Klaytn's ecosystem. The structure can be delineated into three primary subnets based on distinct roles and functions. Below is a visual representation of the Klaytn ecosystem.

• Figure 1: A broad overview of the Klaytn ecosystem. Source: Klaytn.
• This component typically generates blocks within the Klaytn blockchain network.
• Endpoint Nodes act as the blockchain network's interface to manage RPC API requests.

The Core Cell Network (CCN) comprises core cells (CCs) responsible for validating and executing transactions processed through endpoint nodes (ENs). The CCN oversees block generation and distribution across the network.

The Endpoint Node Network (ENN) encompasses endpoint nodes (ENs) that create transactions, handle RPC API requests, and manage data requests from service chains.

• Service Chain Networks (SCNs) are Klaytn’s subnetworks, formed by sub-chains autonomously managed by decentralized applications (dApps). Service chains are connected to the main chain through ENs, effectively addressing scalability concerns.
• The Core Cell Network and The Endpoint Node Network create the main chain of Klaytn, also known as the mainnet. Blockchain applications have the option to operate on Klaytn’s main chain, Cypress, or to establish their own blockchain referred to as Service Chains . When creators are setting up their projects, they can choose between these two chains. In general, those looking for a specific protocol runtime that ensures high transaction per second (TPS) rates and customizable network regulations should opt for Service Chains. Conversely, if the default Cypress setup aligns with their requirements and they do not have particular demands for their protocol, they can easily create their project on the main chain.
• The gas fees present another essential challenge. With GameFi, DeFi, and the inclusive workings of the metaverse, the volume of transactions is considerable. To illustrate, a KLAY transfer involving a gas price of 250 ston would result in a fixed fee of 0.00525 KLAY. (21,000 gas units multiplied by (250 x 10^-9) equals 0.00525 KLAY). Given KLAY's current market value, this fee structure is notably economical.
• "We understand that many potential users are reluctant because they still need to pay fees regardless. Thus, we believe it’s critical to keep gas costs to a minimum to encourage more people to engage with the platform. That’s our perspective, and that’s why we are committed to lowering gas fees,\" stated Sam Seo, director of the Klaytn Foundation.
• Transparency, security, and decentralization
• Read more
• Anyone can initiate transactions and receive confirmation of their results on the blockchain.

Klaytn operates as a decentralized network, whereby no malicious node can compromise data integrity.

• The Klaytn IBFT consensus mechanism ensures that all information recorded on the blockchain is accurate and immutable, maintaining the reliability and consistency required for large-scale applications.
• Klaytn Insights: The Metaverse Blockchain for Everyone Metaverse Post
• Developed by Kakao Corp., a colossal player in the internet space, Klaytn is recognized as a prominent mobile platform within South Korea.

Klaytn Insights: The Metaverse Blockchain for Everyone

• Essential Highlights: Established in 2019 by Kakao Corp., Klaytn is designed to foster metaverse innovations and GameFi initiatives. The goal is to engage young innovators to develop distinctive projects.
• FTC's Attempt to Halt Microsoft-Activision Merger Fails

News Report Published: September 13, 2022 at 8:05 am Updated: September 15, 2022 at 2:50 am To enhance your experience in your native language, we sometimes utilize an automatic translation tool. Please be mindful that these translations may not always be precise, so proceed with caution.

Klaytn was launched by Kakao Corp. in 2019, targeting the development of the metaverse and GameFi sectors. Its mission is to encourage young creators to establish unique contributions that enrich the Klaytn ecosystem.

Klaytn successfully secured $90 million to expand its ecosystem by collaborating with influential investors such as IDG China, known for its early investment in Ripple, alongside Peter Thiel-backed Crescendo Equity Partners and TransLink Capital.

Technology

Klaytn operates as a branched network, featuring a Core Cell Network (CCN) and several Service Chain Networks (SCNs) that tackle scalability challenges effectively.

Klaytn has established a bridge for interoperability with Ethereum.

Currently, Klaytn boasts a diverse ecosystem of 271 projects, predominantly focusing on decentralized exchanges (DEXes)/DeFi, gaming/NFTs, and centralized exchanges (CEXes)/payment solutions. by The team behind Klaytn is well-versed in both institutional operations and the cryptocurrency sphere.

Klaytn showcases remarkable potential, attributed to its solid community backing, technological advancements, and a user-friendly ecosystem.

Key Features: Transparency, security, and decentralization

Market capitalization and fundamental indicators

Who are the driving forces behind these successes?

Alisa Davidson

• Numerous blockchain platforms and established ecosystems are competing in the market, providing various strategies to address scalability, programming, and integration challenges. The competition is intensifying daily, with Klaytn positioning itself among these blockchains. This begs the question: what sets Klaytn apart, granting it the capability to compete against some of the most powerful and established players in the industry? What unique qualities and accomplishments does it possess, and how does it plan to advance?
• Klaytn is a public blockchain platform that was officially launched by Kakao Corp. on May 13, 2019, during the CoinDesk Consensus Blockchain Technology Summit held at New York’s Hilton Midtown Manhattan hotel.