The parent company of the South Korean Cryptocurrency Exchange Upbit, Dunamu, has submitted several trademark applications for what is being joined to be a new blockchain project under the name “Giwa.”
The trademark applications that have circulated on social media including stylized letters alongside what could be the project’s logo.
Rumors appear to have originated from microblogging platform x, where a user commented that a friend who attended the UPBIT Developer conference (UDC) Heard Blockchain becomes its own blockchain network.
Since then, several positions have reinforced the rumors, but still no official confirmation has come from Upbit or its parent company Dunamu.
A site tied to the name of the rumored blockchain, Giwa, is already live and currently contains a countdown that suggests that the network could be advertised within the next few hours. The countdown appears under text that sounds “coming soon.” The countdown coincides with the fact that UDC goes live as the event is scheduled for September 9 in Seoul, South Korea.
Several other cryptocurrency exchanges have supported their own blockchain networks. These include Coinbase’s Layer-2-Base, OKX’s Okchain, Binance’s original support for the BSC chain, which later redirected to the BNB chain and others.
Recently, Stripe and Paradigm Tempo revealed a blockchain for high-speed stigocin payments. The project is supported by a list of heavyweight partners that include anthropic, Openai, Revolut and Deutsche Bank.
Coindesk has reached Upbit and Dunamu for comment, but has not heard back in writing.
