Axie Infinity is partnering with Klaytn, a public blockchain project run by KaKao. The collaboration is resulting in Axie adopting Klaytn's native token, Klay, into its ecosystem. Klaytn is also giving $15K worth of Klay tokens to Axie Infinity, which the Axie team will give away through various reward programs and incentives.
Why Partner With Klaytn?
Integrating Klay token into the Axie Infinity ecosystem will enable more users to play the game. Moreover, Axie will extend the liquidity and tradability of its goods and services by allowing users to make trades and purchases with Klay
The adoption of Klay tokens also paves the road for onboarding KaKao users in the Axie Infinity ecosystem. To ease the onboarding of new players even more, Klaytn gave 15$ K worth of Klay tokens to Axie. The Axie team will use these funds as rewards or incentives at the benefit of both Axie and Klaytn.
Adopting The Klaytn Blockchain?
The Axie team said that their partnership with Klaytn is just a start. The team will leverage the token as a payment option for Axie-based goods and services. However, they don't intend to stop at that.
In fact, the Axie team said, "we may issue nonfungible tokens or perhaps even LUNA on the Klaytn blockchain in the future." This means that we may one day see Axie Infinity being playable on the Klaytn blockchain.
What is KaKao? What Is Klaytn?
Klaytn is a blockchain funded and operated by KaKao, South Korea's tech giant. KaKao stands behind many great products, including Daum (search portal), KaKaoTalk (communications app), KaKaoi (KaKao's AI), and more.
The company also offers a vast array of services, including communications, commerce, streaming, finance, and more. They act predominantly in South Korea, which also forms their largest user base. And since the company is fond of new ideas and technologies, they dove into the blockchain, which ultimately gave birth to Klaytn.
Klaytn is a global public blockchain that combines the best of public and private chains to deliver the best possible experience to its users. While Klaytn embodies the traditional public chain mentality of decentralized data, anonymity and distributed governance, it also endorses the speed and high scalability of private chains.
It makes sense that Axie is partnering with Klaytn. The blockchain is secure, fast, and quite popular in South Korea, which will enable Axie Infinity to build a community in Asia.
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