Blockchain
LG Electronics has introduced it needs to rent two new Chief Technical Officers (CTOs) to guide its Web3 and blockchain know-how operations – simply months after registering a trademark for a crypto pockets. Digital Right this moment reported that it was extremely “seemingly” that the brand new hires could be tasked with main the agency’s enlargement into the non-fungible token (NFT) sector.
A job posting on the corporate’s web site known as for candidates with an “understanding the usability and know-how of blockchain know-how and NFTs.” The agency defined that one of many new hires might be accountable for Web3-related enlargement efforts, whereas the opposite would concentrate on blockchain-related analysis and blockchain-powered apps.
Nevertheless, the South Korean agency appeared to distance itself from stories that the agency is ready to pivot additional towards crypto.
The identical media outlet quoted an LG Electronics spokesperson as stating:
“The [decision to] recruit new CTOs is a business-related matter and there’s no new which means behind this. Preparations for associated companies, reminiscent of [crypto] wallets are continuing easily.”
In September, LG started working Beta assessments for builders on its new crypto pockets app – Wallypto. The agency has additionally launched a Hedera Hashgraph blockchain-powered NFT buying and selling platform.
Group-wide Drive into NFT, Crypto Area for LG?
And the corporate is a part of the broader LG Group, a conglomerate that operates enterprise arms as various as vogue manufacturers and development. In August, its telecoms arm – LGU+ – introduced its personal NFT enlargement challenge. Its IT companies arm, LG CNS, in the meantime, has been lively within the crypto, blockchain, and central financial institution digital foreign money house for a while.
Various LG associates are additionally backers of the chat app big Kakao’s Klaytn blockchain community.
LG Electronics earlier this 12 months launched a Kakao-backed gallery app that permits homeowners of the agency’s good TVs to show NFT digital artworks on their units. Additionally this 12 months, LG added “the event and gross sales of blockchain-based software program, and the buying and selling and brokerage of cryptographic property” to its listing of enterprise targets.