Klaytn and Finschia, supported by major Asian internet firms, gain merger approval to create Asia's largest Web3 ecosystem.

The governance members of both chains have sanctioned the merger, which includes forming an integrated mainnet.

A new foundation will be established in Abu Dhabi to oversee the combined network.

The merger will leverage LINE and Kakao's user base, targeting an audience of over 250 million web3 users in Asia.

The integrated chain will maintain compatibility with Ethereum and Cosmos, streamlining the transition with a unified new coin.

The merger's objectives include fostering growth in the Asian blockchain sector through improved infrastructure, increased institutional access, and heightened innovation.

This development is a notable milestone for web3 innovation in the Asian market.