Klaytn, The Blockchain Platform From Kakao Is Set To Launch In June

by | May 14, 2019 | Blockchain, Cryptocurrency, Cryptocurrency News

Klaytn | Kakao | GroundX| Blockchain | South Korea

The blockchain arm of South Korean internet giant Kakao Corp, Ground X announces the launch of its own blockchain platform dubbed Klaytn on June 27, 2019, as per a report published on Cointelegraph on May 14.

As per the announcement, Klaytn mainnet will purportedly support blockchain adoption in the country. With a presence in messaging, gaming, content services, financial services, and mobility services, Kakao owns a 96% market share in South Korea.

Last March, Kakao announced its plans for the blockchain platform and released a testnet version of Klaytn in October. Focussed on decentralized apps (DApps), developers have been testing the blockchain with over ten domestic and international partners.

Just recently, Kakao repeated its initial coin offering (ICO) in order to raise an additional $90 million for Klaytn. Purportedly, the firm plans to release an integrated crypto wallet within its messaging app, KakaoTalk, once Klaytn mainnet gets released.

Read more: How Would Facebook’s Stablecoin Fare Amongst Suffocating Indian Regulatory Environment

Image source – Pixabay.com

Market Analysis and Prediction Report –

Bitcoin Price Analysis – BTCUSD Continues Bullish, Gains 20%

Ethereum Price Analysis – Will ETHUSD Break The $200 Mark?

Ripple Price Prediction – XRPUSD Likely to Retest $0.34

Litecoin Price Forecast – LTCUSD in The Bullish Trend Zone


Like us on Facebook

Get latest Bitcoin & Cryoptocurrency News


Subscribe to our newsletters to get latest Bitcoin and Cryptocurrency news.

Thank you !

Pin It on Pinterest

Share This