On August 19, Finschia said that with the establishment of the Kaia DLT Foundation in the Dubai International Financial Centre and Abu Dhabi Global Market (ADGM), most of the preparations for the launch of the Kaia mainnet have been completed and will be launched on August 29, 2024. Previously, the Klaytn Foundation said that the two teams have been working hard since the Klaytn/Finschia chain merger proposal "Project Dragon" was passed, and today published a post to introduce the new brand Kaia. It is reported that Kaia is an open-source, transparent and permissionless public chain that is available to everyone.