The Kaia DLT Foundation, which has emphasized the 'exclusive' blockchain position of Line Next, has strongly protested the recent news of the partnership between Line and Sonyum. Line Yahoo, Line Corporation, and Line Next have not signed a contract or formed a partnership with Sonyum.
On the 14th, the Kaia DLT Foundation announced this news and emphasized that "Sonyum is not related to the mini dApp or dApp portal project within the Line messenger." In addition, Line Next said it "will request a correction from Sonyum regarding the currently announced content." This means that they will request a correction of the parts that may be misunderstood by stakeholders. They also said, "Line Next and the Kaia DLT Foundation plan to provide an official announcement on this matter soon."
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Earlier, Sonyum, a Layer2 (L2) blockchain led by Sony Group affiliate Sony Block Solution Labs, announced in a press release on the 12th that it had formed a partnership with Line. They emphasized that the Line headquarters directly participated and announced that they would launch a Line mini-app linked to the Sonyum ecosystem.
This is a matter of conflict of interest with the blockchain service operated by Line Next, a Line affiliate, based on Kaia. Line Next has been operating Line mini dApps and dApp portals using the Kaia blockchain, and the Kaia DLT Foundation has repeatedly emphasized that this cooperative relationship is 'exclusive.'
Regarding this, a public relations representative of Sonyum said, "Sonyum did not formally contract the partnership with Line, but discussed the relevant content verbally," and "The press release was all confirmed by Sonyum."
In this regard, the industry points out that the practice of concluding partnerships only verbally without a formal contract is the cause of this controversy. An industry official said, "To truly mature the blockchain industry, it is necessary to establish clear contract procedures and a systematic business process."
Meanwhile, as this news was reported, Kaia (KAIA) has been unable to avoid a downward trend. As of 9:39 am today, based on CoinMarketCap, KAIA is trading at $0.1080, down 1.27% from the previous day. It soared to $0.4007 last December, but has fallen 73.05% in about 3 months.
- Reporter Yeri Do
- yeri.do@sedaily.com
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