An altcoin from the metaverse sector is soaring after a new community proposal that will affect its tokenomics.

Klaytn (KLAY) is a public company blockchain focused on artists, non-fungible tokens (NFT), games and entertainment.

Klaytn is currently being rebuilt into a “metaverse-scale” blockchain, with multiple milestones lined up for the next two years, including changes to developer support, governance, and updates to make the Ethereum (ETH) chain more secure. be compatible.

The project community has proposed a new update to the tokenomics that would reduce block rewards by a third.

The change would see block rewards go from 9.6 KLAY per newly minted block to 6.4 KLAY. Half of all rewards will go to the Ecosystem Governing Council, 40% will go to…