Lambda256

Lambda256 operates as the blockchain technology division of Dunamu, a prominent South Korean fintech company and the operator of the Upbit cryptocurrency exchange. Initially established in May 2018 as a blockchain research and development unit, Lambda256 was spun off as an independent corporation in March 2019 to concentrate on the blockchain platform business. The company is led by a team of experienced executives, including CEO Jay Park, who previously held roles at SK Telecom and Samsung Electronics, bringing over 25 years of software and ICT industry experience.

The core of Lambda256's business is its Blockchain-as-a-Service (BaaS) platform, Luniverse, officially launched in May 2019. This platform is engineered to simplify the adoption of blockchain technology for a wide array of corporate clients by providing the necessary tools to build, deploy, and manage blockchain networks. Luniverse addresses common hurdles in blockchain development such as speed, scalability, and user experience by offering a cloud-based environment with a sidechain that can process up to 2,000 transactions per second. Revenue is generated through subscription-based access to the Luniverse platform, with different pricing tiers available. The company serves a diverse client base across sectors like finance, entertainment, healthcare, and gaming, and has onboarded over 3,300 corporate clients.

The Luniverse platform offers a comprehensive suite of products and services. Its architecture is compatible with the Ethereum Virtual Machine (EVM), allowing developers to use existing tools like Solidity and Web3.js. Key offerings include a Multichain Web3 API for interacting with various blockchain environments, tools for managing and minting NFTs, and a blockchain-based digital identity (DID) solution. More recently, Lambda256 introduced "The Balance," a carbon-neutral consortium mainnet, and launched Nodit, a Web3 development platform providing node services and data APIs for multiple blockchains like Ethereum, Polygon, and Aptos. The company has also developed VerifyVASP, a solution to help virtual asset service providers (VASPs) comply with the Financial Action Task Force (FATF) travel rule. Significant milestones include securing a total of $88 million in funding through Series A and B rounds and receiving awards for its contributions to the blockchain industry.

Keywords: Blockchain-as-a-Service, BaaS, enterprise blockchain, Dunamu, Luniverse, Web3 infrastructure, multichain, NFT minting, digital identity, DID, VerifyVASP, FATF travel rule, consortium blockchain, EVM compatible, blockchain development platform, Nodit, The Balance mainnet, crypto, blockchain API, dApp development, smart contracts