By GEORGE TSAGKARAKIS

Klaytn is excited to announce its collaboration with Parity Technologies as they plan to become a widely used blockchain for future metaverse projects.

Developed by Kakao Corp, Klaytn is an open-source, public blockchain that originates as an Ethereum hard fork. The Klaytn blockchain has both enterprise and retail use-cases.

Klaytn x Parity

Klaytn provides a suite of solutions to those who want to build effective projects in the metaverse. Now, they are aiming to expand their horizons by collaborating with Parity. Behind Parity Technologies is a team of engineers who built Polkadot ($DOT)

As Klaytn integrates Parity’s SDK, Substrate, the blockchain is on the verge of achieving a proper multi-chain environment. The new chain will be called Klaytn-Substrate.

The new chain will initially serve as a sidechain to the main chain of Klaytn. They are planning to make it bridged to Klaytn mainnet and Polkadot – it will act as a centered environment.

“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,” said David Shin, Head of Global Adoption at Klaytn.

Parity Technologies has also said some optimistic remarks about this collaboration.

“We’re excited to work with Klaytn to help its onward journey as a major player in the metaverse and gaming. The team at Klatyn recognizes that Substrate is the optimal SDK for technical and business use case exploration”

• Omar Elassar, VP, Ecosystem Development at Parity Technologies

Thanks to this collaboration, the community will now be able to capture new use-cases of this model and develop remarkable projects within the Klaytn ecosystem.

The apps currently on the Klaytn and Polkadot ecosystems will have multichain launches once the Klaytn-Substrate chain is launched and not to mention the new decentralized apps that will be developed on this new chain.