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Klaytn Blockchain Will Focus on Increasing KLAY Token Demand in 2023

Increasing demand and value for Klaytn’s native KLAY tokens are at the center of the latest technology and developer roadmap released by developers earlier this week.

Klaytn, a public blockchain platform developed by South Korean internet giant Kakao Corp, recently passed a governance proposal to burn nearly 50% of its token supply – a move that contributes towards making KLAY more valuable eventually.

In the roadmap, Klaytn that it would identify key crypto infrastructure services, such as decentralized oracles, where KLAY can be used to utilize said services, further increasing transactional utility and leading to more gas burns.

(By Shaurya Malwa)

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