What is Klaytn? [ KLAY Explained Simply ]

CoinMarketCap published this video item, entitled “What is Klaytn? [ KLAY Explained Simply ]” – below is their description.

What is Klaytn?

What sets it apart?

How does it work?

What is the utility of KLAY?

These are some of the questions we will try to answer on today’s CoinMarketCap episode.

We are going live with CMC’s own Molly Jane and the Klaytn team

Make sure to ask questions in the chat and we will get through as many questions as possible during the livestream.

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The Klaytn blockchain was developed and launched in June 2019 by GroundX, the blockchain subsidiary of Korea’s largest mobile platform, Kakao.

After two years of success in Korea, the Klaytn Foundation—a non-profit entity devoted to the Klaytn network and its ecosystem—was established to begin Klaytn’s global expansion.

The public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore.

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