Bitbns, an Indian cryptocurrency exchange, has announced the listing of metaverse token Klaytn’s (KLAY) on its platform. Developed by Ground X, the blockchain owned by Kakao, a South Korean internet company that claims to have over 50 million users worldwide, the token aims to help users push frontiers like decentralized finance (DeFi), non-fungible tokens (NFT), and Metaverse.
“Broader access to KLAY may provide access to the Klaytn ecosystem. We are excited to have KLAY listed on Bitbns and aim to open the Klaytn ecosystem around the world,” said David Shin, Head of Global Adoption, Klaytn Foundation.
According to an official statement from the Klaytn Foundation, KLAY is an open-source public blockchain focused on Metaverse, Gamefi, and the Creator Economy. It was created to allow users to build, work and play in Metaverse. As a native utility token supporting the Klaytn network, use cases of the token include use as a means of payment for transactions on the Klaytn network, yield farming and minting non-fungible token NFTs (with a partnership with OpenSea ) via the Klaytn network. The Klaytn Foundation aims to make blockchain available everywhere. It is the layer of trust for Metaverse that unites and strengthens communities in the new world. Klaytn was launched with 10 billion KLAY coins issued at Genesis. There are currently 2.98 billion KLAY coins in circulation worldwide.
As noted by Sanket, Head of Business Development at Bitbns, they support the vision of blockchain, which focuses on metaverse to provide easy access to blockchain for mobile applications. “With 750 million smartphone users in India (2021) and one of the cryptocurrency/gaming user markets, Bitbns aims to empower them through our fiat trading solutions,” he added.
According to a survey, numerous companies have joined the metaverse of the Ethereum-equivalent L1 chain since it first unveiled its vision in early 2022, including publishing and game development companies Neowiz and Neowiz. It has recently ramped up efforts to lay the foundation for Metaverse and expand use cases. Klaytn (KLAY) Token is decentralized and an open-source token that is free for all developers to use. The Klaytn blockchain claims to be secured and backed by its governance council, which includes global organizations like Kakao, Binance, MakerDAO, Hashkey, NFTBank, and LG Electronics.
Also Read: PayPal Joins TRUST Network to Comply with Digital Asset Rules
Follow us on Twitter, Facebook, LinkedIn
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.