Project Overview

Imagine a world where Web3 isn't just for the tech elite but accessible to everyone, starting right from one of Asia's hottest crypto hubs. That's the bold vision behind GIWA, short for Global Infrastructure for Web3 Access—a cutting-edge Ethereum Layer 2 solution crafted by Dunamu, the powerhouse behind South Korea's leading crypto exchange, Upbit. As a seasoned Web3 enthusiast, I've been keeping a close eye on projects like this that promise to bridge the gap between traditional finance and decentralized innovation, and GIWA stands out for its practical approach to scaling blockchain without sacrificing security or speed.

Built on the robust foundation of Optimism's OP Stack, GIWA delivers full EVM compatibility, making it a breeze for developers to port over their decentralized apps using familiar Solidity code while slashing those hefty gas fees. What really excites me is how it tackles the barriers holding back mainstream adoption in Web3.

At its heart, GIWA aims to democratize access to blockchain tech by supporting blisteringly fast block times of around one second, paving the way for near-instant transactions that feel more like everyday digital payments than clunky crypto swaps. The name itself draws from Korea's iconic traditional roof tiles, or 'giwa,' evoking a sense of durable, modular building blocks that create expansive, reliable structures—much like the scalable infrastructure GIWA provides for the decentralized future.

Beyond the core network, GIWA's ecosystem includes handy tools like the GIWA Wallet for seamless multi-chain asset handling and the GIWA ID system, which leverages Soulbound Tokens for secure identity verification. This setup aligns perfectly with South Korea's stringent KYC and regulatory landscape, creating a safe haven for DeFi protocols, real-world asset tokenization, and even Korean won-backed stablecoins. It's a smart nod to local needs while eyeing global expansion.

 

The Team Behind It

GIWA's development is spearheaded by Dunamu's elite in-house tech squad, drawing on the company's dominance in Korea's crypto scene where it commands about 73% of the market.

With years of fintech expertise and a track record in compliant operations, Dunamu brings unmatched credibility to the table. While specific developer names haven't been spotlighted yet, the project's roadmap is firmly guided by top executives, including CEO Oh Kyung-seok, ensuring strategic alignment with real-world demands.

 

Funding and Backing

Positioned as a key internal initiative from Dunamu, GIWA isn't chasing external venture capital or public funding rounds at this stage.

Leveraging the parent company's solid revenue streams and ample reserves, the project enjoys the freedom to invest deeply in R&D without the pressures of outside investors—a luxury that lets it focus purely on innovation and long-term growth.

 

Deep Dive into the GIWA Testnet: Your Essential Guide

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