Connect with us
Prague Gaming & TECH Summit 2024

Blockchain

Klaytn Foundation Launches Beta “Klaytn Square” Governance Portal for More Transparent and Decentralized Ecosystem

Published

on

  • Beta version of governance portal provides information about Klaytn Governance Council (GC) members, their KLAY transactions and staking deposits

  • Official launch in H1 2023 to feature live GC on-chain voting statuses, allowing users to keep track of GC decision-making processes in real time

  • Klaytn Square aims to meet market needs for transparency and pave way for more decentralized ecosystem

Singapore, Singapore–(Newsfile Corp. – November 23, 2022) – Klaytn Foundation, the non-profit overseeing growth of the Klaytn ecosystem, has launched the beta version of its Klaytn Square governance portal for public testing. With the aim of enhancing transparency and decentralization within the Klaytn ecosystem while increasing holder communication, Klaytn Square will provide users with information about each Governance Council (GC) member, as well as their KLAY transactions and staking deposits. The official launch of Klaytn Square is scheduled for the first half of 2023 and will introduce an on-chain voting status feature, allowing users to keep track of GC decision-making progress in real time.

In September 2022, Klaytn Foundation launched the Klaytn Governance Forum to broaden communications with KLAY holders, GC members and developers. Supplementing the Governance Forum, Klaytn Square provides users with more practical information about the Klaytn GC, such as the:

  • Agendas that the Klaytn GC discuss in real-time
  • GC member profiles and their past, current, and new projects
  • KLAY staking deposits and transactions of GC members1
  • Real-time on-chain voting status for Klaytn’s ecosystem management and improvement proposals2

“The launch of Klaytn Square highlights our commitment to open and transparent communication with our communities,” said Sangmin Seo, Director at Klaytn Foundation. “As the Klaytn ecosystem matures, we look to pursue further decentralization strategies to allow the voices of our communities to be heard through on-chain mechanisms.”

Klaytn Square is expected to officially launch in the first half of 2023, alongside a series of proposed governance structure changes in line with the Foundation’s eventual aim of decentralizing governance. The Klaytn Improvement Proposal (KIP) 81 proposes an improvement to the current stake-based governance model that grants 1 vote per GC member. More voting power will be granted to GC members holding more KLAY, with an in-built cap on voting power to prevent potential monopolies.

The Klaytn Improvement Proposal (KIP) 82 proposes a renewed GC reward structure through the abolition of the Gini Coefficient, which was utilized to allow all GC members to receive equal chances of receiving block rewards, regardless of the amount of KLAY staked. In future, GC members will receive block rewards and voting power depending on the amount of KLAY staked. Both proposals are made in recognition of the tendency for GC members that hold more KLAY to make decisions that benefit the Klaytn ecosystem in the long run.

In addition, Klaytn Foundation is seeking to introduce the participation of permissionless validators, to strengthen the security of the Klaytn network and increase network effects. The submitted Governance Proposal aligns with the Foundation’s momentum in pursuing decentralization strategies.

1. Wallet login access is only available for GC members during beta testing

2. This feature will be supported after the official launch of Klaytn Square in H1 2023

About Klaytn:

Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore, led by the Klaytn Foundation.

Since unveiling its metaverse roadmap in early 2022, the Ethereum-equivalent L1 chain has seen many well-known companies come onboard its metaverse-including game developer and publishing powerhouses: Netmarble and Neowiz. It recently ramped up efforts to lay the foundation for the metaverse and to expand use cases.

Learn more: https://klaytn.foundation/

For media enquiries, please contact:
Kimberley Kok
Corporate Communications Manager, Klaytn Foundation
+65 9189 4648
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/145436

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

Published

on

Continue Reading

Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

Published

on

teletubbies-digital-companions-to-launch-on-the-tezos-blockchain

MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

Published

on

alarum-announces-exciting-events-lineup-and-welcomes-esteemed-advisor-to-netnut’s-advisory-board
Continue Reading
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE