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Klaytn Commits $20 Million To Further Blockchain Research

Twitter icon  •  Published 3 years ago on April 14, 2022  •  Hassan Maishera

The Klaytn team announced via Medium on Thursday that it has allocated $20 million to advance blockchain research.

Klaytn Commits $20 Million To Further Blockchain Research

The Klaytn team announced via Medium on Thursday that it has allocated $20 million to advance blockchain research. Klaytn will create a Blockchain Research Center (BRC) program. The team added that the fund aims to back research projects for the continuous development of its blockchain technology over the next four years, to deepen blockchain capabilities and support industry growth.

Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao with 50 million users worldwide. KLAY is up by more than 2% in the last 24 hours and now trades at $1.025 per token.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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