South Korea’s Second-Largest City Embarks on a Blockchain Odyssey
The city of Busan today detailed the launch of a digital assets exchange planned for November, with an official business launch scheduled for the first half of the upcoming year.
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In its quest to transform into a “blockchain city,” Busan is actively working on developing a mainnet that aims to achieve compatibility with major blockchain networks like Ethereum and Cosmos, marking a significant stride in interoperability.
To further bolster its blockchain initiatives, Busan also plans to establish a $75 million fund dedicated to supporting blockchain technology development.
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