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<figure class="image"><img src="https://v2.cimg.co/news/93935/234490/adobestock-464811072-editorial-use-only.jpeg" srcset="https://v2.cimg.co/news/93935/234490/responsive-images/adobestock-464811072-editorial-use-only___media_library_original_6000_4000.jpeg 6000w, https://v2.cimg.co/news/93935/234490/responsive-images/adobestock-464811072-editorial-use-only___media_library_original_1200_800.jpeg 1200w, https://v2.cimg.co/news/93935/234490/responsive-images/adobestock-464811072-editorial-use-only___media_library_original_900_600.jpeg 900w, https://v2.cimg.co/news/93935/234490/responsive-images/adobestock-464811072-editorial-use-only___media_library_original_720_480.jpeg 720w, https://v2.cimg.co/news/93935/234490/responsive-images/adobestock-464811072-editorial-use-only___media_library_original_600_400.jpeg 600w, https://v2.cimg.co/news/93935/234490/responsive-images/adobestock-464811072-editorial-use-only___media_library_original_300_200.jpeg 300w" width="6000" class="content-img" alt=""/><figcaption>Supply: OlekAdobe/Adobe</figcaption></figure><p>LG Electronics has introduced it desires to rent two new Chief Technical Officers (CTOs) to steer its <a target="_blank" rel="noopener" href="https://cryptonews.com/tags/web3">Web3</a> and blockchain know-how operations – simply months after registering a trademark for a crypto pockets. <a target="_blank" rel="noopener" href="http://www.digitaltoday.co.kr/news/articleView.html?idxno=464113">Digital Today</a> reported that it was extremely “possible” that the brand new hires could be tasked with main the agency’s enlargement into the non-fungible token (<a target="_blank" rel="noopener" href="https://cryptonews.com/tags/nft">NFT</a>) sector.</p><p>A job posting on the corporate’s web site referred to 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 will probably be chargeable for Web3-related enlargement efforts, whereas the opposite would give attention to blockchain-related analysis and blockchain-powered apps.</p><p>Nevertheless, the South Korean agency appeared to distance itself from experiences that the agency is about to pivot additional towards crypto.</p><p>The identical media outlet quoted an LG Electronics spokesperson as stating:</p><blockquote><p>“The [decision to] recruit new CTOs is a business-related matter and there's no new which means behind this. Preparations for associated companies, equivalent to [crypto] wallets are continuing easily.”</p></blockquote><p>In September, LG <a target="_blank" rel="noopener" href="https://cryptonews.com/news/lg-taps-hedera-hashgraph-for-nft-platform-tests-crypto-wallet.htm">began running Beta tests for developers on its new crypto wallet app </a>– Wallypto. The agency has additionally launched a Hedera Hashgraph blockchain-powered NFT buying and selling platform.</p><h2>Group-wide Drive into NFT, Crypto House for LG?</h2><p>And the corporate is a part of the broader LG Group, a conglomerate that operates enterprise arms as numerous as vogue manufacturers and development. In August, its telecoms arm – LGU+ – introduced <a target="_blank" rel="noopener" href="https://cryptonews.com/news/south-korean-telecoms-giant-lgu-moves-deeper-into-nft-space.htm">its own NFT expansion project</a>. Its IT providers arm, LG CNS, in the meantime, has been energetic within the crypto, blockchain, and central financial institution digital forex area <a target="_blank" rel="noopener" href="https://cryptonews.com/news/south-korea-s-shinhan-lg-cns-unveil-cbdc-platform-9479.htm">for some time</a>.</p><p>Quite a few LG associates are additionally backers of the chat app large Kakao’s Klaytn blockchain community.</p><p>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.</p>
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