Dispread, a web3 and blockchain-focused Korean company, partnered with an Ethereum Arbitrum second-level solution.
In order to assist Arbitrum in creating a development ecosystem in the Korean market and removing the linguistic and cultural barriers that current Korean developers must overcome, Dispread intends to disseminate research content and development instructions, according to a news release on February 29.
Disspread also intends to establish a cooperative atmosphere with Arbitrum for national businesses looking to implement blockchain technology. The ultimate objective of the agreement is to increase Arbitrum’s market share in Korea and offer Korean enterprises and developers a smooth development environment.
In terms of total locked value (TVL) volume, Arbitrum is regarded as the most comprehensive layer 2 solution. When evaluating money invested in a blockchain or decentralized financial (defi) protocol, TVL is the most important statistic.
According to l2beat, the blockchain has had noteworthy positive net asset inflows totaling over $14 billion since the year’s commencement.
At the time of publication, the native token Arbitrum (ARB) is trading at $2.00 against the backdrop of the partnership announcement. According to CoinMarketCap, its price has increased by 4% in the last 24 hours and by over 10% over the previous month.
Regarding South Korea, this nation is becoming more significant in the bitcoin space. According to a December Bloomberg article, trade volumes on cryptocurrency exchanges saw the South Korean won surpass the US dollar for the first time.
Reporters have noticed that many businesses are drawn to South Korea by the increased regulatory pressure from the US.
