Upbit has allocated $380 million for WEB3 development in South Korea
South Korean exchange Upbit is preparing a large-scale project for the development of the crypto-industry and metaverses. It is planned for 5 years and includes investments of 500 billion won ($380 million). Dunamu, a provider and partner of the exchange, will be in charge of this program.
For its promising goals, Upbit is hiring 1,000 developers and plans to support 500 startups. These will include blockchain companies, exchanges, NFT marketplaces, virtual reality chip and headset makers, cloud computing operators and others.
As part of the project, the exchange will create two units. “UP Start Incubator” will help those working with Web 3.0, blockchain and decentralized systems. The second division, “UP Start Platform,” will provide communication between startups, Dunamu and investors.
According to Statista, Eastern countries (China, Singapore and Hong Kong) are much more interested in blockchain technology than Europe or the United States. Shanghai recently committed 1 trn yuan to build a metaverse. And in Hong Kong, Meta’s virtual reality is already being tested extensively.
Programmer. Recently, the main activity is programming smart contracts on Solidity in the Ethereum blockchain. Development of websites using smart contracts as part of their functionality. Has experience in developing services using Lightning Network technology. Actively interested in everything related to blockchains and cryptocurrencies.
