klaytn

The Klaytn ecosystem is an enterprise-level, service-oriented manifesto. It intends to bestow a user-centric blockchain experience to millions of users across the globe. The Klaytn blockchain focuses on the metaverse, creator economy, and gamefi. Klaytn was established by Jaesun Han in June 2019, he was the CEO, and founder of GroundX, which is a subordinate of Kakao. The Klaytn network brews the superior features of both private blockchains and public blockchains through an effective hybrid design. It has its own native token called KLAY, which the traders can use as a means of exchange. and payment for applications that are bridged to the Klaytn network. The protocol employs the IBFT consensus mechanism, ensuring the data is correct and irreversible. Klaytn offers a one-stop package for the metaverse comprising customized L2 solutions, IPFS solutions, wallets, NFTs, SDKs, and smart contract libraries, among others. Moreover, the platform is associated with the contributions of several reputed tech firms across the globe. Some of the prominent names include Binance, LG Electronics, SK Network, Everich, Union Bank, etc.