An Introduction to the Klaytn and Its Potential for Gaming Businesses

[Adams-Richard]

A South Korean crypto project Klaytn has announced that it is launching a gas fee rebate program.

The announcement Klaytn shared on Wednesday during the Token 2049 conference in Singapore was undoubtedly beneficial, especially for those who engage in the gaming industry.

Klaytn is a South Korean project from the internet company Kakao.

It is a pretty well-established blockchain project, with a main net that went live back in June 2019. Also, It is a business-focused public blockchain project that utilizes a hybrid architecture to create a user-friendly blockchain experience by integrating the unique benefits of both public and private blockchains.

Despite the fact that all cryptos are similar to one another, the various underlying technologies give most of them a variety of functions and objectives. According to its founders, Klaytn (KLAY) functions similarly to Facebook's Libra network in terms of design but has more sophisticated functionalities.

The Significance of the Klaytn Gas Fee Rebate Program

The said program is very important simply because it aims to remove barriers to Web 3 adoption

The initiative will lower the user gas prices that gaming companies must pay through Klaytn's gas charge delegation feature as well as the gas fees they accrue through their own Externally Owned Accounts or Contract Accounts, therefore they will undoubtedly benefit the most from it.

I believe everyone will agree with me when I say that Klaytn is smart enough to launch a gas rebate program that will enable gaming companies to defray gas costs from already-built blockchain games built on Klaytn in order to remove the restriction or hindrances that will prevent more people from Web 3 adoption.