On August 29th, according to an official press release, the Kaia mainnet will be launched at 10:00 on August 29th. Kaia is launched after the merger of Klaytn, a subsidiary of Kakao, and Finschia, a subsidiary of LINE, 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, gaming, RWA, and Web3-based communication applications.