Blockchain startups will invest $100 million in ecosystem development in Busan, South Korea.
Busan, the city of South Korea that has been freed from regulations, continues to develop and restructure. In the country’s second largest city, it is desired to establish a blockchain ecosystem. It was declared by the country’s government as an unregulated blockchain zone in 2019. In addition, popular cryptocurrency exchanges Binance, FTX, Huobi were also involved in the development of the city. Finally, Busan will receive $100 million over three years from a group of investors.
Blockchain City Busan Develops
Busan, which was authorized by the South Korean government in 2019, continues its blockchain studies. Investors who are aware of technological studies are pouring money into the city.
A group of investors, including important names such as EOS Network Foundation, OKX Blockdream Ventures, AlphaNonce, will invest $ 100 million in the city. This investment, which will be completed in three years, will attract talented people from all over the world to the city. Busan will exhibit a favorable administrative regime for the smooth functioning of incoming investments.
Under the memorandum of understanding, the city’s initiatives will be funded. The presence of the global crypto market in Busan gives positive signals for the future.
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