South Korea's Busan Invests $75 Million to Become a Blockchain-Powered Smart City

Busan, South Korea's second largest city, is developing a public blockchain network compatible with Ethereum and Cosmos.
The city has allocated $75 million to develop Busan into a "blockchain city".
The funds come from public institutions and private companies interested in blockchain development.
Goals include integrating services on different blockchains and developing a digital asset exchange by 2024.
The city aims to tokenize and trade IP rights, carbon emissions rights, and other assets on the blockchain.

cointelegraph.com

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9/13/2023

At Blockchain Week, Web3 Takes Center Stage Over Crypto Prices

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