TL;DR
- GIWA Chain Launch: Dunamu introduced GIWA Chain, a layer-2 blockchain using Optimistic Rollup tech, designed to stack data securely and support smart contracts. It’s currently in testnet.
- GIWA Wallet Debut: GIWA Wallet enables multi-chain asset transfers across Ethereum, Base, Arbitrum, and more. Demo access is live, but the full release date is still pending.
- Local Strategy: GIWA aims to decentralize blockchain innovation by offering Korean developers homegrown infrastructure in response to U.S. and Singapore dominance.
Dunamu, the company behind South Korea’s leading crypto exchange Upbit, has officially launched GIWA, a new Web3 infrastructure brand to expand blockchain accessibility. The announcement was made at the Upbit Developer Conference (UDC) in Seoul, where Dunamu introduced GIWA Chain and GIWA Wallet, two core components of its strategy to empower developers and users in Korea and beyond.
GIWA Chain: Layered Like Tradition, Built for the Future
GIWA Chain is a layer-2 blockchain built using Optimistic Rollup technology, designed to enhance scalability and efficiency for decentralized applications. Dunamu likened the chain’s architecture to Korea’s traditional roof tiles, “giwa,” which are layered to form resilient structures. This metaphor underscores GIWA Chain’s goal of stacking data securely while supporting smart contract functionality. Currently available in testnet, GIWA Chain represents Dunamu’s push to create a robust, locally-rooted blockchain ecosystem.
GIWA Wallet: Multi-Chain Support with Local Ambition
Complementing the chain is GIWA Wallet, a mobile application that enables users to store and transfer digital assets across multiple blockchains. Supported networks include Ethereum, Base, Arbitrum, Avalanche, Polygon, and GIWA Chain itself. While the wallet is available for demo use during the UDC event, its official launch date remains undetermined. Dunamu emphasized that future updates will expand blockchain compatibility, reinforcing GIWA’s commitment to interoperability.
Strategic Response to Global Blockchain Dominance
Dunamu positioned GIWA as a strategic counterbalance to the prevailing influence of U.S. and Singapore-based blockchain ecosystems. By offering infrastructure tailored to Korean developers, the company aims to foster a more localized Web3 environment. This move reflects a broader ambition to decentralize blockchain innovation and encourage regional participation in shaping the future of digital assets.
From Rumor to Reality: GIWA’s Emergence
Speculation around GIWA’s launch had been building, fueled by trademark filings and online chatter. With the unveiling now official and a dedicated website live, Dunamu has transitioned GIWA from rumor to reality. The brand’s debut at UDC signals a new chapter in South Korea’s blockchain narrative, one that blends cultural symbolism with cutting-edge technology.
