The mum or dad firm of South Korean cryptocurrency trade Upbit, Dunamu, has filed a number of trademark functions for what’s rumored to be a brand new blockchain undertaking below the title “GIWA.”
The trademark functions, which have been circulating on social media, together with stylized letters subsequent to what could possibly be the emblem of the undertaking.
The rumors appear to have originated on microblogging platform X, the place one person commented {that a} pal attending the Upbit Developer Convention (UDC) heard the blockchain goes to be its personal blockchain community.
Since then, a number of posts have amplified the rumors, but no official affirmation has come from Upbit or its mum or dad firm Dunamu.
A web site tied to the title of the rumored blockchain, GIWA, is already dwell and at the moment includes a countdown suggesting that the community could possibly be introduced inside the subsequent few hours. The countdown seems under textual content that reads “Coming quickly.” The countdown coincides with UDC going dwell, because the occasion is scheduled for Sept. 9 in Seoul, South Korea.
A number of different cryptocurrency exchanges have backed their very own blockchain networks. These embody Coinbase’s layer-2 Base, OKX’s OKChain, Binance’s preliminary help for the BSC Chain, which later rebranded to BNB Chain, and others.
Extra just lately, Stripe and Paradigm unveiled Tempo, a blockchain for high-speed stablecoin funds. The undertaking is backed by an inventory of heavyweight companions, which embody Anthropic, OpenAI, Revolut, and Deutsche Financial institution.
CoinDesk has reached out to Upbit and Dunamu for remark however hasn’t heard again on the time of writing.