Klaytn is a service-centric enterprise-grade distributed trust blockchain platform, while KLAY is the native functional token of the Klaytn network. Klaytn is a public chain developed by Ground X, which went live on the mainnet on June 27, 2019. Ground X is the blockchain division of South Korean Internet Tech Giants Kakao, which has 50 million users worldwide. Klaytn is a highly optimized, BFT-based public blockchain designed to meet enterprise-grade reliability, created by Kakao, a leading South Korean company. Since 2021, Klaytn has been focusing on Metaverse, Gamefi and Creator Economy, with the goal of becoming a one-stop platform for Metaverse builders.

The business expansion activities are supported by the Klaytn Growth Fund, which aims to develop a Klaytn-based ecosystem. The fund is managed and paid for by the Klaytn Foundation, a Singapore-based non-profit organization established in August 2021.

On February 28, 2023, the Klayth Foundation is making changes to the Klaytn web governance system and the economic model of the native KLAY token. The Klaytn Foundation will work with the Klaytn Governance Council to help the Klaytn blockchain transition to a completely permissionless validator structure, providing the public with the opportunity to participate as a block validator. In addition, the Foundation will increase governance transparency by disclosing the agenda and status of on-chain voting by the Governance Council in real time through the governance protocol Klaytn Square.

As of 2024, Klaytn has made significant advancements in its quest to become a premier platform for the Metaverse, GameFi, and Creator Economy. One of the key developments has been the launch of Klaytn 2.0, which introduces enhanced scalability and a more robust ecosystem for decentralized applications (dApps). This update includes further decentralization of the network, with the transition to a fully permissionless validator system, allowing more community participation in block validation.

Additionally, Klaytn has deepened its focus on cross-chain interoperability to strengthen its position as a hub for the Metaverse and gaming projects. The Klaytn Foundation has continued to actively support ecosystem growth through the Klaytn Growth Fund, which provides incentives for developers and creators building on the platform. These efforts align with Klaytn's mission to support a sustainable digital economy for creators and businesses within its ecosystem.

Above are only for introduction, not intended as investment advice.