About Klaytn

Klaytn was developed by Kakao, a leading South Korean tech company known for products like KakaoBank, KakaoTalk, and KakaoTaxi. The platform aims to serve as the primary blockchain infrastructure for South Korean businesses, including Kakao's own ventures. Klaytn's mainnet launched shortly after its KLAY ICO in June 2019. The native token, KLAY, functions as a utility token for transactions across the platform and other blockchain applications on the network. Klaytn features a modular architecture that allows companies to build and operate custom service-oriented blockchains called service chains. Each service chain is independent, functioning as a subnetwork, which enhances Klaytn’s appeal as an enterprise-friendly ecosystem. These service chains are highly customizable and can host vari...