Upbit’s parent company Dunamu introduces GIWA to make blockchain easier for Korean developers and users.
- GIWA Chain uses Optimistic Rollup technology for better performance.
- GIWA Wallet works across popular blockchains like Ethereum and Arbitrum.
- GIWA aims to support local developers instead of relying on global platforms.
New Blockchain Tools for Korea
Dunamu, the company behind Upbit, announced a new Web3 product line called GIWA. This happened at the Upbit Developer Conference in Seoul. The goal is to help Korean developers and users join the Web3 space more easily.
The GIWA brand includes two main tools: GIWA Chain and GIWA Wallet. GIWA Chain is a layer-2 blockchain that uses Optimistic Rollup technology. This helps process transactions faster and reduce costs. It works with smart contracts and is now in a test phase.
How GIWA Wallet Works
The GIWA Wallet is a mobile app. It lets users store and transfer digital assets across several blockchains. These include Ethereum, Base, Arbitrum, Avalanche, and Polygon, as well as GIWA Chain. The wallet is available for demo use during the conference. A full launch date has not been announced yet.
Dunamu says more features and support for other chains will come in the future. Users can visit the official website at giwa.io.
Why GIWA Matters
This launch is part of a plan to compete with global tech hubs like the U.S. and Singapore. Dunamu wants to bring more Korean developers into the Web3 world using local tools. The name GIWA comes from traditional Korean roof tiles layered for strength, linking culture with modern tech.
Trademarks filed earlier hinted at GIWA’s release. Now it’s official. Dunamu hopes this new infrastructure will encourage the growth of Korea’s Web3 scene.
Source: coindesk.com
