Dunamu, a significant fintech firm in Columbia that operates crypto exchange Upbit and many other blockchain and securities platforms, is intending to invest 500 billion won ($380 million) to produce about 10,000 new Web3 jobs within the next 5 years.
The firm is apparently thinking about offering specific software and funding to inspire more firms to participate the Web3 industry. The $380 million investment is part of Korea’s efforts to guide the Web3 race, reported Korea JoongAng Daily.
Dunamu has invested about 88 billion won ($67 million) since 2018 toward blockchain-centered firms. Dunamu Chief executive officer Lee Sirgoo stated inside a statement:
“We intend to strengthen the competitiveness of domestic industry with an active investment and development of jobs from the recently growing future industries, like blockchain, nonfungible token (NFT) and also the metaverse.”
The fintech giant aims to spread out offices in main metropolitan areas across the nation and develop training programs to induct new people in to the Web3 ecosystem. The recently graduated college students could be given priority within the program having a intend to create 500 new startups. Dunamu did not immediately react to Cointelegraph’s request comment.
Dunamu’s announcement to take a position considerably within the Web3 ecosystem comes just several weeks after it received heavy scrutiny in the country’s regulators. Earlier in April this season, the securities regulator required action from the crypto exchange operator to curb its market monopoly.
Related: Why NFT adoption is really full of Columbia
The fintech giant manages over $8 billion in assets and Upbit, the crypto exchange it operates, accounts in excess of 80% of crypto buying and selling volumes in the united states.
The announcement to produce 10,000 new jobs comes at any given time when several crypto firms have announced job cuts because of the bear market. Leading crypto firms including the kind of Gemini, Bitso, Coinbase, Vauld and many others make significant layoffs in the last handful of several weeks.
While Columbia is renowned for its strict crypto rules, the nation continues to be bullish around the Web3 front. The federal government lately announced it might directly invest 223.7 billion won ($177.a million) in a variety of metaverse projects.
