Dear Backers, Partners and Patrons,
2023 has been a highly eventful and successful year for our team. We were fully committed to realising our roadmap goals and exploring new opportunities every single day. We delivered on several of our roadmap goals promised during the end of 2022 while a few others were pushed further down in our roadmap or went through some changes based on market and client requirements.
Here is a recap of major milestones and highlights from 2023. But before proceeding with the recap, we would like to thank you for your continued support, encouragement and involvement with Kana Labs.
The promises we delivered include — The launch of a staking aggregator with cross-chain capabilities, adding support for new EVM & non-EVM chains to our DeFi product suite, Adding support for various cross-chain bridges to our cross-chain aggregator alongside a smart routing algorithm and launch of referral program.
Last year, we were the first platform to build a cross-chain swap service between two non-EVM chains (Aptos & Solana) and this year, we are yet again the industry’s first to build a cross-chain service between EVM & non-EVM chains.
The goal that changed — Multi-Chain Wallet Browser extension was scrapped entirely in favour of building and launching our EIP-4337-based smart wallet SDK toolkit — “Mirai SDK”.
The goals pushed further down the roadmap are — Minting Kana Labs' “Kana Token” and building a Lend and Borrow product.
Highlights of 2023
- New blockchains added to Kana Labs DeFi web app platform for cross-chain swap -> Polygon, BNB, Ethereum, Sui, zkSync, Klaytn and Avalanche.
- Onboarding 2 senior executives — Aric Kim (Head of APAC & Marketing) and Surbhi Singh (Head of Business Development)
- Industry’s first decentralised DeFi platform to support cross-chain between EVM & non-EVM chains.
- Launch of Cross Chain Aggregator SDK as a middleware toolkit featuring multiple liquidity sources, smart routing algorithms and bridges.
- Launch of “EIP-4337” based account abstraction smart wallet — “Mirai SDK”. The industry’s only smart wallet to support EVM & non-EVM chains under the same roof.
- Expanded aggressively in the Korean market and started expanding into the Japanese market.
- Expanded into the GameFi sector and also did a multi-city roadshow in India. We showcased our products and explained how our smart wallet helped revolutionize UI/UX in Web3 gaming.
- Became a regular member of the Japanese Crypto Asset Blockchain Association (JCBA).
- We launched our decentralised order book platform “Kana Trade”.
- Soft launched our crypto derivative product “Switch” during KBW. It is currently under the early stage closed beta test phase with participants from our partners and long-time supporters.
- We closed our seed round and raised $2 Million with a valuation of $21 Million.
- We also received an ecosystem grant from the Aptos Foundation for our work on Aptos account abstraction smart wallet and paymaster offerings.
Partnership Details -
New Blockchains — Polygon, BNB, Ethereum, Sui, zkSync, Klaytn, Avalanche, Bifrost, Oasys(Homverse), Arbitrum, & Jasmy. (These are blockchains supported for B2B services)
DeFi — Forbit Swap (Aptos), Proton Sale, Stader Labs, Ankr, Klayswap, Sui Swap, NeoPin, OKX Aggregator & Pancake Swap
GameFi — XPLA, Havah, Open Blox, Marblex, Werewolf and Witches, Intella X
Browsers & Wallets — Mises Browser, Burrito Wallet, Nightly Wallet,
Third-Party Apps — Fetcch — Social ID-based wallet ID, Mokshya Protocol, Undefined Labs, Kekkai — Web3 Anti Fraud Specialist
Web2 Retail — Tom N Toms Coffe Chain
Investment — Marblex ( A subsidiary of Net Marble), DWF Labs, Presto Labs, Bifrost, Vista Labs, CSP DAO, CryptoTimes Jp, Nexus One and Klaytn Foundation.
Ecosystem Grants — Aptos Foundation.
As the new year approaches, our team members continue to have their hands full with several major plans. We expect the year ahead to be as eventful and fruitful as 2023. Some of the key goals you can look forward to in early 2024 include -
- Including support for more blockchain networks in our product suite.
- Launch Switch in Mainnet
- Kana Labs TGE
Once again, we thank you for your support, engagement and interaction with us. We look forward to continuing to work with you and wish you all a happy and prosperous new year ahead.
Have Fun!! Happy New Year 2024!!!
Regards,
Team Kana Labs
