Klaytn is a prominent public blockchain platform that has gained considerable recognition in the realms of the metaverse, gamefi, and the creator economy. Launched in June 2019, it now holds a firm foothold as the leading blockchain platform in South Korea. Furthermore, Klaytn is currently expanding its global business ventures from Singapore.
Klaytn's Global Expansion
In an effort to broaden its reach and influence worldwide, Klaytn is embarking on an extensive business expansion. This expansion strategy is centered in Singapore, from where Klaytn is extending its reach to international markets. The main objective behind this aggressive global growth approach is to bring the unique benefits and possibilities of Klaytn's blockchain technology to a larger, global audience.
The Klaytn Growth Fund
In support of its ambitious business expansion activities, the Klaytn Growth Fund was established. This Fund is endowed with a whopping US$500 million, which is used to fortify and expand the ecosystem of companies built upon Klaytn. The primary goal of the Klaytn Growth Fund is to stimulate growth within the Klaytn ecosystem by fostering investment in new startups and providing financial support for existing businesses.
Klaytn Foundation
The Klaytn Growth Fund is managed and distributed by the Klaytn Foundation. This Singapore-based non-profit organization was established in August 2021 with the purpose of overseeing the application and allocation of the Klaytn Growth Fund. The Klaytn Foundation's mission is to ensure that the funds are utilized in a way that facilitates the most effective growth of the Klaytn ecosystem.
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