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

Crypto Update
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Source: oleakadobe/adobe

LG Electronics has announced that it is looking to hire two new Chief Technical Officers (CTOs) to lead it. web3 And just a few months after registering a trademark for a blockchain technology operation – a crypto wallet. digital today reported that it was highly “likely” that new employees would be tasked with driving the firm’s expansion into non-fungible tokens (NFT) region.

A job posting on the company’s website called for candidates “who understand the usefulness and technology of blockchain technology and NFTs.” The firm explained that one of the new employees will be responsible for expansion efforts related to Web3, while the other will focus on blockchain-related research and blockchain-powered apps.

However, the South Korean firm has distanced itself from reports that the firm is ready to move towards crypto.

The same media outlet quoted an LG Electronics spokesperson as saying:

“The [decision to] Recruitment of a new CTO is a business affair and has no new meaning behind it. Preparation for related professions, such as [crypto] Wallets are progressing smoothly. ,

In September, LG Started running beta testing for developers on its new crypto wallet app – Volupto. The firm has also launched Hedera Hashgraph blockchain-powered NFT trading platform.

NFTs for LG, a Group-Wide Drive in the Crypto Space?

And the company is part of the wider LG Group, a conglomerate that operates commercial arms as diverse as fashion brands and manufactures. In August, its telecommunications arm – LGU+ – announced Make your own NFT expansion project, Meanwhile, its IT services arm, LG CNS, has been active in the crypto, blockchain and central bank digital currency space. For some time,

Several LG affiliates are also supporters of chat app giant Kakao’s Clayton blockchain network.

LG Electronics earlier this year launched the Kakao-backed Gallery app that allows owners of the firm’s smart TVs to display NFT digital artwork on their sets. Also this year, LG added “the development and sale of blockchain-based software, and the trading and brokerage of cryptographic assets” to its list of business goals.


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