Dunamu, the parent company of popular South Korean Cryptocurrency -Exchange Upbit, has revealed its own web3 infrastructure brand GIWA at Upbit Developer Conference (UDC) in Seoul.
The Seoul-based company GIWA is designed to make blockchain technology more accessible to developers and users in Korea and abroad.
GIWA, Map for “Global Infrastructure for Web3 Access”, includes the GIWA chain, a LAG-2 blockchain built on optimistic raising technology, and GIWA-TEXT BOOK, a mobile app that supports digital asset storage and transfers across multiple chains, including ethereum, base, arbitch, Avalanche and polygon and polygon like its Giwa chains.
Dunamu drew parallels between blockchain and Korea’s traditional roof tiles, known as “Giwa”, which layers must form durable structures. Similarly, the GIWA chain is intended to stack data securely while activating smart contract-based applications, the company says. The GIWA chain, added it, is currently available in the test network.
The GIWA design book is meanwhile available for demo use during the conference and will expand blockchain support in the future. The official launch date of the wallet, added Dunamu, has not yet been determined.
Dunamu framed Giwa as a response to the global dominance of the United States and Singapore-based blockchain ecosystems. By offering local infrastructure, it hopes to pull more Korean developers into web3.
Rumors about the launch of Giwa began to circulate earlier after the trademark applications from the company were discovered online. A site for GIWA has since gone online.
