GroundX’s Crucial Departure: A Pivotal Shift for Kaia Governance Council
Main Idea
GroundX, Kakao's blockchain subsidiary, has stepped down from the Kaia Governance Council, marking a significant shift in South Korea's blockchain landscape and raising questions about Kaia's future governance and Kakao's blockchain strategy.
Key Points
1. GroundX, a founding member of the Kaia Governance Council, played a key role in network operations and ecosystem growth, leveraging Kakao's user base and technology.
2. Kaia is an EVM-compatible layer-1 blockchain, and GroundX's departure may test its resilience and governance model.
3. The exit raises questions about Kakao's broader blockchain strategy, given its previous commitment to blockchain services like Klip wallet and Web3 ventures.
4. The departure could lead to new, independent entities stepping up in the South Korean blockchain ecosystem.
5. Future focus for Kaia includes identifying new council members and maintaining its EVM-compatible strengths for continued growth.
Description
BitcoinWorld GroundX’s Crucial Departure: A Pivotal Shift for Kaia Governance Council The dynamic world of cryptocurrency and blockchain is always abuzz with significant developments, and a recent announcement from the Kaia governance forum has certainly captured the attention of industry watchers. On June 30, GroundX, the esteemed blockchain subsidiary of South Korean tech giant Kakao, officially stepped down from the Kaia Governance Council . This move marks a pivotal moment for the Kaia ecosy...
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