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There is a big move happening here in South Korea.
Naver——the tech giant that does search engines and messaging software, recently shook hands with Dunamu. Who is the latter? The owner of Upbit, the kind that leads in cryptocurrency trading volume in South Korea.
Two companies plan to invest 1 trillion Korean won over the next five years, which is approximately 6.8 billion dollars. What will the money be used for? To build a brand new financial underlying architecture, with AI and blockchain working together.
Dunamu's president Oh Kyung-seok officially announced this matter. Think about it, on one side there is traffic and technological reserves, and on the other side, there is deep experience in the cryptocurrency market; combining them is indeed interesting. South Korea has already been quite active in the Web3 space, and now it is making efforts in the infrastructure direction, which may lead to more practical actions in the future.