Upbit’s Parent Company Dunamu Rumored to Launch Blockchain Project ‘GIWA’
Key Takeaways
- Upbit, South Korea’s largest crypto exchange, is set to venture into blockchain infrastructure with the launch of a new blockchain network named ‘Giwa’ chain.
- This move signifies Dunamu’s expansion beyond exchange services and into blockchain development.
Rumors have surfaced indicating that Dunamu, the company behind South Korea’s popular crypto exchange Upbit, is in the process of developing a new blockchain project under the name GIWA. This speculation stems from recently discovered trademark filings.
The trademark applications encompass various aspects of blockchain technology, digital asset infrastructure, and cryptocurrency-related innovations. The inclusion of stylized logos alongside the GIWA name suggests the potential creation of a distinct blockchain platform or ecosystem.
Experts in the industry speculate that Dunamu might be working on either a layer 1 or layer 2 blockchain network to support digital assets, on-chain applications, or advanced identity systems. Despite the trademark filings, the company has not released any official statements regarding its blockchain endeavors.
This development coincides with Dunamu’s upcoming UDC 2025 (Upbit D Conference) scheduled to take place on September 9 at the Grand InterContinental Seoul Parnas in Seoul.
Notable speakers such as Eric Trump and former US Congressman Patrick McHenry, alongside executives from stablecoin issuers Tether and Ripple, are set to participate in UDC 2025. The conference will center on discussions surrounding blockchain innovation, digital asset regulation, stablecoins, and the mainstream adoption of blockchain technology.