Korean Firm Dispread Partners with Ethereum’s Arbitrum to Expand in the Korean Market
A Korean firm called Dispread has announced a partnership with Ethereum’s second-level solution, Arbitrum, to expand its presence in the Korean market and provide a seamless development environment for Korean developers and companies. The partnership aims to distribute research content and development guides to help Arbitrum build a development ecosystem in Korea and eliminate language and cultural barriers faced by Korean developers.
“Disspread also plans to focus on creating a collaborative environment with Arbitrum for domestic companies seeking to introduce blockchain technology.”
Disspread team
Arbitrum is known for being the most extensive layer 2 solution in terms of total locked value (TVL) volume. TVL is a critical metric for assessing capital invested in a blockchain or decentralized financial (defi) protocol. This year, Arbitrum has seen significant net asset inflows, surpassing $14 billion.
South Korea’s Growing Influence in the Cryptocurrency Industry
South Korea is increasingly gaining influence in the cryptocurrency industry. In fact, in December, the South Korean won surpassed the U.S. dollar in terms of trading volumes on cryptocurrency exchanges for the first time. Many companies are recognizing the opportunities in South Korea due to growing regulatory pressure in the United States.
Arbitrum’s Performance and Market Value
At the time of publication, Arbitrum’s native token, ARB, is trading at $2.00. Over the past 24 hours, it has increased by 4%, and over the month, it has risen by almost 10%.
Hot Take: Dispread and Arbitrum Partner to Foster Blockchain Development in Korea
In an effort to expand in the Korean market and promote blockchain development, Dispread has partnered with Ethereum’s Arbitrum. This partnership aims to provide a collaborative environment for Korean developers and companies, eliminating language and cultural barriers. Arbitrum’s extensive layer 2 solution and increasing net asset inflows make it an attractive choice for developers.
The cryptocurrency industry is witnessing South Korea’s growing influence, as evidenced by the South Korean won surpassing the U.S. dollar in trading volumes on cryptocurrency exchanges. With regulatory pressure mounting in the United States, many companies are turning their attention to South Korea.
Arbitrum’s native token, ARB, has shown promising performance in the market, with a 4% increase in the past 24 hours and a nearly 10% rise over the month. As the partnership between Dispread and Arbitrum unfolds, the Korean market can expect further advancements in blockchain technology.
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