DUNAMU, the parent company of the popular UPBIT for Cryptocurrency Exchange of South Korea, has presented its own web infrastructure brand Giwa at the 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, abbreviation for “Global Infrastructure for Access to Web3”, includes the Giwa chain, a layer 2 -based block chain based on optimistic accumulation technology, and the Giwa wallet, a mobile application that admits the storage of digital assets and transfers of several chains, including Ethereum, base, arbitrum, avalanche and polygon, as well as its own chain Giwa.
Dunamu drew parallels between the block chain and traditional tiles of the Korean roof, known as “Giwa”, which are applied to form lasting structures. Similarly, the Giwa chain intends to stack the data safely while enabled intelligent contracts based on contracts, the company said. The Giwa chain, he added, is currently available in Testnet.
Meanwhile, the Giwa wallet is available for demonstration use during the conference and will expand Blockchain’s support in the future. The official launch date of the wallet, Dunamu added, has not yet been determined.
Dunamu framed Giwa in response to the global domain of blockchain ecosystems based in the United States and Singapore. By offering local infrastructure, he hopes to attract more Korean developers to Web3.
The rumors surrounding the launch of Giwa began to circulate before, after the company’s registered brand requests were seen online. Since then, a website for Giwa has been online.
