Ethereum

Arbitrum

Defi

United

Read

Korean firm specializing in web3 and blockchain Dispread announced a partnership with a second-level solution on Ethereum <a href="https://crypto.news/tag/Arbitrum/" target="_blank" rel="noreferrer noopener">Arbitrum</a>. 
According to <a href="https://research.despread.io/kr-arbitrum/" target="_blank" rel="noreferrer noopener">a press release</a> on Feb. 29, Dispread plans to distribute research content and development guides to help Arbitrum build a development ecosystem in the Korean market and eliminate language and cultural barriers existing Korean developers face. 
<blockquote class="wp-block-quote"> 
 “Disspread also plans to focus on creating a collaborative environment with Arbitrum for domestic companies seeking to introduce blockchain technology.” <cite>Disspread team</cite>
</blockquote> 
The partnership’s ultimate goal is to expand Arbitrum’s presence in the Korean market to provide a seamless development environment for Korean developers and companies. 
 You might also like: <a href="https://crypto.news/defi-tvl-reaches-20-month-highs-with-ethereum-dominating-the-scene/"> Defi TVL reaches 20-month highs with Ethereum dominating the scene </a> 
<a href="https://crypto.news/tag/Arbitrum/" target="_blank" rel="noreferrer noopener">Arbitrum</a> <a href="https://crypto.news/arbitrum-ones-tvl-surges-to-10b-breaks-new-records/" target="_blank" rel="noreferrer noopener">is considered</a> the most extensive layer 2 solution regarding total locked value (<a href="https://crypto.news/tag/TVL/" target="_blank" rel="noreferrer noopener">TVL</a>) volume. TVL is the most critical metric for assessing capital invested in a blockchain or decentralized financial (<a href="https://crypto.news/tag/defi/" target="_blank" rel="noreferrer noopener">defi</a>) protocol. Since the beginning of the year, the blockchain has seen notable positive net asset inflows, exceeding $14 billion, according to l2beat. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="237" src="https://crypto.news/app/uploads/2024/02/Screenshot-2024-02-29-at-13.22.49-1024x237.png" alt="Arbitrum to build ecosystem for blockchain developers in South Korea - 27" class="wp-image-14253764">
 <figcaption class="wp-element-caption">
 Source: l2beat
 </figcaption>
</figure> 
Against the backdrop of the partnership announcement, the native token Arbitrum (<a href="https://crypto.news/price/Arbitrum/" target="_blank" rel="noreferrer noopener">ARB</a>) is trading at $2.00 at the time of publication. Over the past 24 hours, it has risen in price by 4% and by almost 10% over the month, according to CoinMarketCap. 
As for South Korea, this country is increasing its influence in the cryptocurrency industry. In December, Bloomberg <a href="https://crypto.news/south-korean-exchanges-double-market-share-in-2023/" target="_blank" rel="noreferrer noopener">reported</a> that the South Korean won overtook the U.S. dollar regarding trading volumes on cryptocurrency exchanges for the first time. Journalists note that many companies see great opportunities in South Korea due to growing regulatory pressure in the United States. 
 Read more: <a href="https://crypto.news/south-korea-excludes-decentralized-crypto-wallets-from-overseas-declarations/"> South Korea excludes decentralized crypto wallets from overseas declarations </a>

Arbitrum to build ecosystem for blockchain developers in South Korea

crypto.news

Other articles published on Feb 29, 2024

Bitcoin wipes out millions as it pulls back after hitting $64K

Seneca Protocol hacker returns $5.3m from the $6.4m breach

PEPE vs FLOKI: Is a battle brewing between the two memecoins?

ConstitutionDAO (PEOPLE) Price Soars: Analyst Forecasts All-Time Highs – Here’s His Outlook

The Largest Bank in Hong Kong Will Introduce Tokenization

Bitcoin’s Network Expansion: A Texas-Sized Leap in Mining Power

Join our free newsletter for daily crypto updates!