Upbit Parent Files ‘GIWA’ Trademarks Amid Rumors of New Blockchain Launch

The mum or dad firm of South Korean cryptocurrency trade Upbit, Dunamu, has filed a number of trademark purposes for what’s rumored to be a brand new blockchain venture below the identify “GIWA.”

The trademark purposes, which have been circulating on social media, together with stylized letters subsequent to what could possibly be the brand of the venture.

The rumors appear to have originated on microblogging platform X, the place one person commented {that a} pal attending the Upbit Developer Conference (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.

An internet site tied to the identify of the rumored blockchain, GIWA, is already dwell and at the moment encompasses a countdown suggesting that the community could possibly be introduced inside the subsequent few hours. The countdown seems beneath textual content that reads “Coming soon.” The countdown coincides with UDC going dwell, because the occasion is scheduled for Sept. 9 in Seoul, South Korea.

Several different cryptocurrency exchanges have backed their very own blockchain networks. These embody Coinbase’s layer-2 Base, OKX’s OKChain, Binance’s preliminary assist for the BSC Chain, which later rebranded to BNB Chain, and others.

More lately, Stripe and Paradigm unveiled Tempo, a blockchain for high-speed stablecoin funds. The venture is backed by a listing of heavyweight companions, which embody Anthropic, OpenAI, Revolut, and Deutsche Bank.

CoinDesk has reached out to Upbit and Dunamu for remark however hasn’t heard again on the time of writing.