Kaia Ecosystem Growth Fund Supported by Venture Capital Firms, Led by Blockchain Capital and 1kx

Kaia announced on X that it has secured investment from top crypto venture capital firms for its ecosystem growth fund, led by Blockchain Capital and 1kx, with participation from Galaxy, The Spartan Group, IDG Capital, Mirana Ventures, SNZ Holding, Comma3 Ventures, Caladan, Lingfeng Capital, and Waterdrip Capital. Specific investment details have not been disclosed. Kaia was formed by merging the Klaytn and Finschia blockchains, initially developed by Kakao and LINE respectively. It features the lowest transaction latency in EVM L1, with a block time of 1 second and instant finality, offering a smooth user experience and enabling possibilities for use cases requiring near-real-time response.