LG Electronics, one of the world’s largest manufacturers of electronics, is recruiting engineers for its chief technical officer (CTO) division to lead the company’s growing Web3 business, according to its official website.

See related article: LG Electronics to Launch Hedera-Based Crypto Wallet

Fast facts

• The electronics giant is recruiting new employees in the CTO division in two departments: business development and service design.
• The first group will develop new businesses in blockchain and Web3, and secure partnerships in the global Web3 sector. The latter is expected to design and develop decentralized applications (dApps) and conduct research on blockchain and Web3 services.
• A prerequisite for positions is an understanding of blockchain technology and the utility of non-fungible tokens (NFTs).
• In February, LG Electronics announced the development and sale of blockchain-based software, crypto asset trading and brokerage as its future business goals in an official disclosure.
• In September, LG Electronics launched its first decentralized crypto wallet called “Wallypto”, which runs on the Hedera Hashgraph blockchain.
• LG Electronics recorded around 21.18 trillion Korean won in total sales (about US$15 billion) in the third quarter of 2022, according to its press release.
• Web3 refers to the development of a decentralized internet typically built around blockchain, the underlying technology of cryptocurrencies.

See related article: LG will follow Samsung by adding NFT features to its flagship TVs