EyeCity.com Focuses on Smart City and Infrastructure Technology, Tapping into $1.87 Trillion Global Market

EyeCity.com is shifting its focus to smart city and infrastructure technology, targeting a $1.87 trillion global market by 2028. The company aims to capitalize on the growing demand for connected and sustainable urban infrastructure, with a focus on intelligent roads and smart grids. This market is driven by rapid urbanization and the need for sustainable solutions. EyeCity.com plans to unlock new revenue models and position itself as a leader in urban innovation.

Upbit, South Korea's largest cryptocurrency exchange, has launched Giwa, an Ethereum layer-2 blockchain designed to reduce costs and improve transaction speeds. This innovative solution, built on Optimism's OP Stack, targets one-second block times to deliver near real-time transaction finality, making it a significant development in the cryptocurrency ecosystem Upbit’s Giwa Could Enable Faster, Cheaper Ethereum Transactions as a Layer-2 With One-Second Blocks^[1].

Giwa's primary objective is to enhance the speed and efficiency of Ethereum transactions while maintaining the security and compatibility of the Ethereum Virtual Machine (EVM). By processing transactions off-chain and settling on Ethereum, Giwa aims to significantly cut fees and increase throughput. This approach leverages the OP Stack's modular architecture to optimize sequencing and state commitments, ensuring a robust and scalable solution Upbit’s Giwa Could Enable Faster, Cheaper Ethereum Transactions as a Layer-2 With One-Second Blocks^[1].

One of the key advantages of Giwa is its full EVM compatibility, which allows developers to migrate existing Solidity contracts with minimal changes. This feature is particularly beneficial for developers looking to leverage the benefits of layer-2 solutions without the need for extensive rework. Upbit has provided comprehensive documentation and tooling in both English and Korean to facilitate the migration process Upbit’s Giwa Could Enable Faster, Cheaper Ethereum Transactions as a Layer-2 With One-Second Blocks^[1].

Giwa is currently live on the Sepolia testnet, where developers can test and deploy contracts. The project joins other exchange-backed chains such as Coinbase's Base and Binance's BNB Chain, which are also focused on expanding web3 infrastructure. Upbit's emphasis on one-second block times and deep integration with Ethereum settlement positions Giwa as a competitive player in this growing market segment Upbit’s Giwa Could Enable Faster, Cheaper Ethereum Transactions as a Layer-2 With One-Second Blocks^[1].

The launch of Giwa underscores Upbit's commitment to blockchain infrastructure and its role as a provider of innovative solutions for the cryptocurrency community. By offering a layer-2 environment with one-second blocks and full EVM compatibility, Giwa could accelerate the deployment of decentralized applications (dApps) and lower costs for users and developers alike. As the project moves forward, investors and financial professionals should keep an eye on official mainnet timelines and developer updates from Upbit and Giwa documentation Upbit’s Giwa Could Enable Faster, Cheaper Ethereum Transactions as a Layer-2 With One-Second Blocks^[1].

In conclusion, Giwa represents a significant step forward in Ethereum layer-2 technology, offering a promising solution for faster, cheaper transactions. With its focus on developer-friendly features and robust security, Giwa has the potential to shape the future of cryptocurrency transactions and contribute to the broader adoption of blockchain technology.

References:
Upbit’s Giwa Could Enable Faster, Cheaper Ethereum Transactions as a Layer-2 With One-Second Blocks^[1] Upbit's Giwa: An Ethereum Layer-2 Blockchain with One-Second Blocks. Coinotag. Retrieved September 10, 2025.