Sooho.io

SOOHO.IO, the South Korea-based DeFi infrastructure service provider, is announcing $4.5 million in a Series A+ funding round from Woori Technology Investment Co Ltd. The funding will accelerate SOOHO.IO goal to become the SWIFT for Web3 in the Korean blockchain industry.

The Layer 1 take-off will force established platforms to re-architect their infrastructure to accommodate new players. Where South Korea has begun to realize this potential for a strengthened user-owned economy, we’re certain that the Layer 1 take-off won’t stay a regional phenomenon for long.

EVMOS StayKing House, a decentralized finance protocol developed by engineers from Sooho.io, the South Korea-based DeFi infrastructure service provider, won the Grand Champion award of $80,000 worth of USDC and EVMOS at Evmos’ inaugural Momentum Hackathon.

There are reasons to believe the new changes brought by merge will make Ethereum temporarily less secure, but there are always two sides to the crypto coin. Where contributors are incentivized to put more on the line, a commitment to growth, increased scalability, and accountability on the blockchain will follow.

Increasingly adopted in the NFT sphere, developers can revert to smart contracts behind the system currently in play, using it as a basis for fixes to vulnerabilities.

Founded in 2018, Sooho.io is a leading DeFi infrastructure service provider trusted by Fortune 500s including Samsung SDS, LG CNS and more. Headquartered in South Korea, the company aims to become the SWIFT for Web3.0 and connect the Korean DeFi ecosystem with the rest of the world.

The bridge, along with a decentralized exchange (DEX), will both be developed by Sooho.io on top of Lambda256’s mainnet, called The Balance. The Balance was launched for a number of partners to develop various types of decentralized apps (dApps) to build the ecosystem, involving projects such as IPFS, play-to-earn, oracles, DEXs, NFTs, wallets, and…