On April 30, the Kaia Foundation announced in an announcement on X that it had received investment from top crypto venture capital institutions. Blockchain Capital and 1kx led the investment, and Galaxy, The Spartan Group, IDG Capital, Mirana Ventures, SNZ Holding, Comma3 Ventures, Caladan, Lingfeng Capital, Waterdrip Capital and MEXC Ventures participated. The specific investment institution has not been disclosed yet. Kaia is a combination of the Klaytn and Finschia blockchains originally developed by Kakao and LINE respectively. It has the lowest transaction latency in EVM L1, a 1-second block time and instant finality, allowing for a smooth user experience and opening up possibilities for use cases that require near-real-time response.