LG Electronics has announced it really wants to hire two new Chief Technical Officials (CTOs) to guide its Web3 and blockchain technology operations – just several weeks once you have registered a trademark for any crypto wallet. Digital Today reported it had become highly “likely” the new hires could be given the job of leading the firm’s expansion in to the non-fungible token (NFT) sector.
Employment posting around the company’s website known as for candidates by having an “understanding the usability and technology of blockchain technology and NFTs.” The firm described that among the new hires will result in Web3-related expansion efforts, as the other would concentrate on blockchain-related research and blockchain-powered apps.
However, the South Korean firm made an appearance to distance itself from reports the firm is placed to pivot further toward crypto.
Exactly the same media outlet quoted an LG Electronics spokesperson as stating:
“The [decision to] recruit new CTOs is really a business-related matter and there’s no new meaning behind this. Formulations for related companies, for example [crypto] wallets are proceeding easily.”
In September, LG started running Beta tests for developers on its new crypto wallet application – Wallypto. The firm has additionally launched a Hedera Hashgraph blockchain-powered NFT buying and selling platform.
Group-wide Drive into NFT, Crypto Space for LG?
And the organization belongs to the broader LG Group, a conglomerate that operates business arms as diverse as fashion brands and construction. In August, its telecoms arm – LGU+ – announced its very own NFT expansion project. Its IT services arm, LG CNS, meanwhile, continues to be mixed up in crypto, blockchain, and central bank digital currency space for a while.
Numerous LG affiliates will also be backers from the chat application giant Kakao’s Klaytn blockchain network.
LG Electronics captured launched a Kakao-backed gallery application that enables proprietors from the firm’s smart TVs to show NFT digital artworks on their own sets. Also this season, LG added “the development and purchasers of blockchain-based software, and also the buying and selling and brokerage of cryptographic assets” to the listing of business targets.
