According to its <a href="https://careers.lg.com/app/job/RetrieveJobNotices.rpi" target="_blank" rel="nofollow noopener">official website</a>, LG Electronics, one of the biggest producers of electrical products worldwide, is seeking chief technical officers (CTOs) to oversee the company's expanding Web3 business.

The term "Web3" alludes to the creation of a decentralized internet, primarily based on the blockchain technology that powers cryptocurrencies. The industry titan in electronics is hiring CTOs for its business development and service design divisions.
<h2>LG Electronics to Research Blockchain and Web3 Services</h2>
The former will create new <a href="https://www.cryptoknowmics.com/news/w3f-says-dot-token-of-polkadot-blockchain-is-software-not-security">blockchain</a> and Web3 firms and establish collaborations in the international Web3 industry. In addition to designing and creating <a href="https://www.cryptoknowmics.com/news/binance-owned-trust-wallet-adds-support-for-solana-dapps">decentralized apps (dApps)</a>, the latter is anticipated to research blockchain and Web3 services. Knowledge of <a href="https://www.cryptoknowmics.com/news/opensea-launches-tool-to-assist-nft-collections-enforce-fees-on-chain">non-fungible token (NFT)</a> utility and blockchain technology are requirements for the roles.

In a formal statement from February, the industry said that its future business objectives include the creation and distribution of blockchain-based technologies and trading and licensing <a href="https://www.cryptoknowmics.com/news/national-bank-of-kazakhstan-nbk-to-test-bnb-chain-for-digital-currency">digital currency</a>.
<h2>Wallypto - Decentralized Crypto Wallet</h2>
LG Electronics <a href="https://www.cryptoknowmics.com/news/lg-electronics-introduces-lg-art-lab-nft-platform-with-hedera/">introduced</a> Wallypto, a decentralized cryptocurrency wallet, in September. Wallypto utilizes the Hedera Hashgraph network. In Q3 2022, LG Electronics reported total sales of nearly 21.18 trillion Korean won (about $15 billion).

LG Electronics Wants Web3 Skills for Blockchain and NFT Initiatives

LG Electronics, one of the biggest producers of electrical products worldwide, is seeking CTOs to oversee the company's expanding Web3 business.

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LG Electronics Wants Web3 Skills for Blockchain and NFT Initiatives

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