The Korean company specialized in web3 and blockchain Dispread has announced a partnership with a second-tier solution on Ethereum Arbitrum.
According to a February 29 press release, Dispread plans to distribute research content and development guides to help Arbitrum build a development ecosystem in the Korean market and remove language and cultural barriers faced by existing Korean developers.
“Disspread also plans to focus on creating a collaborative environment with Arbitrum for domestic companies looking to introduce blockchain technology.”
Disperse team
The ultimate goal of the partnership is to expand Arbitrum’s presence in the Korean market, providing a seamless development environment for Korean developers and businesses.
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Arbitrum is considered the most comprehensive layer 2 solution in terms of total locked value volume (TVL). TVL is the most critical metric for assessing capital invested in a blockchain or decentralized finance (defi) protocol. Since the beginning of the year, the blockchain has seen a notable positive net asset inflow of over $14 billion, according to l2beat.
Source: l2beat
Against the backdrop of the partnership announcement, the native token Arbitrum (ARB) is trading at $2.00 at the time of publication. According to CoinMarketCap, the price is up 4% in the last 24 hours and almost 10% over the month.
As for South Korea, this country is increasing its influence in the cryptocurrency industry. In December, Bloomberg reported that the South Korean won overtook the US dollar for the first time in trading volumes on cryptocurrency exchanges. Journalists note that many companies see great opportunities in South Korea due to increasing regulatory pressure in the United States.
Read more: South Korea excludes decentralized crypto wallets from overseas declarations
