Dunamu, the parent company of the popular South Korean exchange of Upbit cryptocurrency, has unveiled its own GIWA web infrastructure brand at the Upbit Developer conference (UDC) in Seoul.
The company based in Seoul, Giwa, is designed to make blockchain technology more accessible to developers and users in Korea and abroad.
Giwa, abbreviation of “Global Infrastructure for Web3 Access”, includes the Giwa chain, a Blockchain de Couche-2 built on optimistic Rollup technology, and Giwa Wallet, a mobile application that supports storage and transfers of digital assets through several channels, including Ethereum, Base, Arbitrum, Avalanche and Polygone as well as its own Giwa channel.
Dunamu has led to parallels between the blockchain and the traditional roof tiles of Korea, known as “Giwa”, which go to bed to form lasting structures. Likewise, the GIWA channel is intended to stack the data in complete safety while allowing intelligent applications based on contracts, said the company. The Giwa channel, she added, is currently available in Testnet.
The Giwa portfolio, on the other hand, is available for using demonstration during the conference and will expand the support of the blockchain in the future. The official launch date of the portfolio, added Dunamu, has not yet been determined.
Dunamu has supervised Giwa in response to the world domination of blockchain ecosystems based in the United States and Singapore. By offering a local infrastructure, he hopes to attract more Korean developers in the web3.
Rumors surrounding the launch of Giwa began to circulate earlier, after the company’s brand requests were spotted online. A website for Giwa has left online.
