Upbit Operator Dunamu Partners With Optimism To Launch GIWA Chain

South Korean fintech company Dunamu is moving into blockchain infrastructure by teaming up with the Optimism Foundation to build the GIWA Chain.

GIWA is an Ethereum Layer 2 network designed to make Web3 apps easier to use and more scalable. It’s already live on testnet and has handled almost 100 million transactions so far.

One key feature of this project is Dunamu’s “self-managed” model. This means the company will fully control main operations like transaction order and governance, while using Optimism’s technology.

Dunamu’s main platform, Upbit, has over 13 million users, which gives GIWA a solid starting point when it launches on mainnet.

Dunamu is also considering a merger with Naver Financial, which could establish GIWA as a foundational platform for real-world payments, including stablecoin transactions.

This shows how exchanges are changing from simple trading platforms into full blockchain operators.

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