The Kaia project, resulting from the merger of Finschia and Klaytn, will launch by the end of June and initially operate on Klaytn.

TechFlow news: Finschia has announced it is actively working on launching Kaia, striving to build a technical infrastructure that combines the strengths of both Finschia and Klaytn, with a target launch by the end of June.

Although key technologies from both Finschia and Klaytn will be integrated, the Kaia chain will initially launch on the Klaytn network. As such, KLAY holders will not need to perform a separate token swap, but FNSA holders will need to exchange their tokens for KAIA. The token swap will be available via the Kaia portal and will launch simultaneously with the Kaia chain.

Previous report: Finschia and Klaytn proposed a merger to launch a new token PDT, which will be claimable by both FNSA and KLAY holders.