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To better streamline the user experience and reduce friction when moving (wrapping and unwrapping) KLAY between DApps, we have released Canonical WKLAY, a standard interface to use Wrapped Klay in dApps. In the interest of dApp standardisation and safer smart contracts, we would like our partners to join us in…

TL;DR Bringing NFTs to the Masses via Klip Helping Legacy Industries Leverage NFTs The Klaytn team has been cooperating with both established enterprises and start-ups across all key domains from the inception of the Klaytn ecosystem; and over the past year, Ground X has been leading the charge in taking…

TL;DR Kakao subsidiaries have been contributing to growth of the Klaytn ecosystem as Governance Council Members since genesis. GroundX has formed an NFT alliance — GRID, to help member entities launch NFT Projects on Klaytn. The Klip team is exploring ways to integrate and offer Kakao service benefits to membership holders. …

TL;DR To stabilize Klaytn’s ecosystem, a buyback is in progress: Klaytn Foundation’s stablecoin reserves will be used Only through spot purchases from the market (CEX) All KLAY purchased will be burnt As discussed during our May AMA’s, the Klaytn team has been pursuing various strategies to achieve our goal of a…

TL;DR GC Proposal Vote Results: PASS 26 of 36 GC members participated All 26 voted “PASS” The Klaytn team submitted a governance proposal to the Klaytn Governance Council (GC) on October 23rd proposing a reduction in block rewards. The submitted governance proposal recommended decreasing existing block rewards by ⅓ in order…

TL;DR An ongoing proposal by our GC recommends reducing existing block rewards by ⅓ in order to optimize the level of $KLAY emission. Results of the governance vote will be in by 25 Oct 2022. The first of our updates, this article provides an overview of the governance proposal submitted to…

We have exciting ohsome news! As many of you know, past OSHDB updates happened weekly and led to a delay between the data in OpenStreetMap (OSM) and our database. Basically, you had to wait up to a week to see changes in OSM reflected in the OSHDB. From this point…

Welcome back to our ohsome region of the month series! In this post, we’ll take a look at the temporal development of highways and added smoothness-information, as well as social facilities and updates on map development for Kyiv. Before we start, if you’re new to the series, make sure to…

We are super excited to have sponsored a challenge at the ETHBogota hackathon, one of the biggest in Latin America. The hackathon saw a record participation of 1400 attendees from over 62 countries, with 212 projects submitted — many of which built their use case on Klaytn. Toniya Sundaram, our…