Lambda 256, a subsidiary of Dunamu blockchain, announced on the 15th that it has attracted an investment of 10 billion won. The name of the company that made the investment is private. Lambda 256 achieved a cumulative investment of 17 billion won.
Lambda 256 is the operator of the blockchain service platform’Luniverse’, which was spun off from Dunamu in March 2019. Luniverse provides a cloud-based blockchain service platform to support the development and operation difficulties faced by companies that want to use blockchain.
Lambda 256 also launched the commercialization of Looneyverse, the development of a distributed identification (DID) service, and a point mileage integration service, despite the aftermath of the novel coronavirus infection (Corona 19) last year. As a result, it is showing rapid growth, securing 1,600 customers at present.
Lambda 256 plans to focus on expanding overseas, securing manpower, and developing additional services based on the accumulated investment. The company proposed a goal of speeding up the entry into the blockchain industry in Southeast Asia, including Indonesia and Thailand, starting with Singapore within this year.
In addition, the company plans to introduce a blockchain-based fintech service that can support the virtual asset business of e-commerce companies and financial sectors as interest in cryptocurrency transaction services in the recent market increases.
Park Jae-hyun, CEO of Lambda 256 said, “Based on this investment, we have laid the foundation for growth to a level that can compete with global service-type blockchain (BaaS) companies in terms of blockchain technology as well as scale. As a runner, we expect to be able to actively collaborate with various companies to make special changes to build the BaaS ecosystem.”
