Upbit Parent Dunamu Unveils Layer-2 Blockchain GIWA

Dunamu, the parent company of popular South Korean cryptocurrency exchange Upbit, has unveiled its own Web3 infrastructure brand GIWA at the Upbit Developer Conference (UDC) in ￰0￱ Seoul-based company GIWA is designed to make blockchain technology more accessible to developers and users in Korea and abroad. GIWA, short for "Global Infrastructure for Web3 Access,” includes the GIWA Chain, a layer-2 blockchain built on Optimistic Rollup technology , and GIWA Wallet, a mobile app that supports digital asset storage and transfers across several chains including Ethereum, Base, Arbitrum, Avalanche, and Polygon as well as its own GIWA ￰1￱ drew parallels between the blockchain and Korea’s traditional roof tiles, known as “ giwa ,” which layer to form durable structures.

Similarly, GIWA Chain is intended to stack data securely while enabling smart contract-based applications, the company ￰2￱ Chain, it added, is currently available in ￰3￱ GIWA Wallet, meanwhile, is available for demo use during the conference and will expand blockchain support in the ￰4￱ official launch date of the wallet, Dunamu added, hasn’t yet been ￰5￱ framed GIWA as a response to the global dominance of ￰6￱ Singapore-based blockchain ￰7￱ offering local infrastructure, it hopes to draw more Korean developers into ￰8￱ surrounding the launch of GIWA began circulating earlier , after trademark applications from the firm were spotted online. A website for GIWA has since gone online.