According to the official press release on August 29, the Kaia mainnet will be launched at 10:00 on August 29. Kaia was launched after the merger of Kakao's Klaytn and LINE's Finschia in April this year. Kakao operates an instant messaging app used by 96% of Koreans, while LINE is the main communication platform in Japan, Taiwan and Thailand. Its ultimate goal is to build an ecosystem that supports DeFi, games, RWA and Web3-based communication applications.