Smart contract platform Klaytn will strengthen its position in the Metaverse segment when a partnership with Parity Technologies is announced. The author of Polkadot will also support Klaytn’s “canary chain” novel.
Polkadot creator parity to boost Klaytn’s metaverse development
Kakao’s blockchain platform, Klaytn, has partnered with Parity Technologies, the engineering team behind the world-leading cross-chain ecosystem Polkadot (DOT). The two teams will work on Klaytn’s sidechain, the “canary network.” Built on Polkadot’s proprietery Substrate-based SDK, it will be dubbed Klaytn-Substrate.
Initially, this network will be a bridge to Klaytn’s mainnet as well as to Polkadot. Therefore, it will act as a middle ground that can host collaborative technology and business initiatives.
“The collaboration with Parity is in line with our vision to create an interoperable blockchain platform for the metaverse. Klaytn-Substrate will open up new possibilities for dApps to be developed in a multi-chain environment and to explore collaborative use cases between the Klaytn and Polkadot chains”, David Shin, head of global adoption at Klaytn Foundation, highlighted that this collaboration would help his product to achieve new goals in the Metaverse segment.
Omar Elassar, VP, Ecosystem Development at Parity Technologies, stresses the crucial importance of this use case for the massive adoption of Substrate’s SDK: “We’re excited to work with Klaytn to help its onward journey as a major player in the metaverse and gaming. The team at Klaytn recognizes that Substrate is the optimal SDK for technical and business use case exploration.”
The new platform will be used for incentivized testing of Klaytn-based designs and multi-chain data exchange between Klaytn and Polkadot. With future releases, the Klaytn-Substrate platform will host multi-chain launches to accelerate the Metaverse focus of both the Polkadot and Substrate ecosystems.
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