LG ‘Ready to Make NFT Push’ as it Seeks Blockchain-savvy CTOs

Supply: OlekAdobe/Adobe

LG Electronics has introduced it needs to rent two new Chief Technical Officers (CTOs) to steer its Web3 and blockchain expertise operations – simply months after registering a trademark for a crypto pockets. Digital Today reported that it was extremely “probably” 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 referred to as for candidates with an “understanding the usability and expertise of blockchain expertise and NFTs.” The agency defined that one of many new hires will likely be chargeable 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 reviews 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, resembling [crypto] wallets are continuing easily.”

In September, LG started working Beta checks 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 House for LG?

And the corporate is a part of the broader LG Group, a conglomerate that operates enterprise arms as numerous as style manufacturers and development. In August, its telecoms arm – LGU+ – introduced its personal NFT enlargement venture. Its IT providers arm, LG CNS, in the meantime, has been lively within the crypto, blockchain, and central financial institution digital foreign money house for a while.

Quite a lot of LG associates are additionally backers of the chat app large Kakao’s Klaytn blockchain community.

LG Electronics earlier this yr launched a Kakao-backed gallery app that enables house owners of the agency’s good TVs to show NFT digital artworks on their units. Additionally this yr, LG added “the event and gross sales of blockchain-based software program, and the buying and selling and brokerage of cryptographic property” to its record of enterprise targets.

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