The blockchains have their origins in Japanese and South Korean messaging systems, but they are looking to become Asia’s biggest Web3 ecosystem.
The Klaytn and Finschia blockchains will merge following overwhelming support for the measure from governance members. The blockchains’ foundations plan to launch an integrated mainnet that will be Asia’s biggest Web3 ecosystem, they claim.
Governance members of South Korea-based Klaytn passed the merger proposal, with 90% of members voting in favor. At the Abu Dhabi-based Finschia, support reached 95%. The foundations will now set up a joint task committee to merge the chains and the foundations in the second quarter of the year. The transition is being called Project Dragon.
The merger was proposed in January and was rejected by 99% in its first vote later that month. A new version of the proposal was introduced on Feb. 5.
