Upbit’s Parent Company Unveils GIWA Blockchain with Global Ambitions
Dunamu has formally launched GIWA, a Web3 infrastructure model centered on an Ethereum Layer 2 blockchain, exceeding market expectations on the Upbit Developer Conference on Tuesday in Seoul.
The announcement clarified months of hypothesis whereas revealing ambitions far past preliminary trade predictions.
Beyond Regulatory Constraints
GIWA Chain follows profitable tokenless blockchain fashions like Coinbase’s Base, specializing in utility over speculative mechanisms.
Industry analysts had theorized that Korean regulatory necessities would restrict Upbit to launching solely a restricted Layer 2 answer. Even these theories that emerged simply earlier than launching urged GIWA would serve primarily as a regional onramp for Korean traders getting into Web3.
The precise announcement, nonetheless, flipped this narrative completely. Dunamu positioned the platform as a worldwide infrastructure concentrating on worldwide blockchain growth communities.
GIWA Chain operates on Optimistic Rollup structure, confirming Layer 2 predictions. The platform leverages Dunamu’s subsidiary community throughout Southeast Asia to focus on world builders looking for accessible blockchain infrastructure. This operational basis contradicts earlier hypothesis a few purely home focus.
The new blockchain may also help varied companies, together with defi, stablecoin, reward packages, and real-world asset buying and selling. Dunamu stated the platform prioritizes developer instruments and ecosystem development over particular forex mechanisms.
GIWA Wallet demonstrates this broader imaginative and prescient by supporting a number of blockchains, together with Ethereum, Base, Optimism, Arbitrum, Polygon, and Avalanche. The multi-chain strategy suggests interoperability quite than an remoted Korean market focus.
GIWA, Korea’s Traditional Roof
GIWA’s positioning as “Global Infrastructure for Web3 Access” alerts ambitions matching established worldwide networks quite than serving as merely a regional gateway for Korean liquidity into world Web3 markets.
GIWA’s distinctly Korean branding represents a strategic departure from typical blockchain naming conventions. While most crypto tasks undertake summary or technical names, Dunamu selected “GIWA” to evoke conventional Korean roof tiles which have protected houses for hundreds of years.
This cultural symbolism extends past mere advertising, positioning the blockchain as a protecting infrastructure rooted within the nation’s heritage. The alternative alerts confidence in Korean technological management whereas interesting to home pleasure in conventional craftsmanship tailored for digital innovation.
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