Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse.
Dunamu, a major fintech firm in South Korea that operates crypto
exchange Upbit and several other blockchain and securities platforms, is
planning to invest 500 billion won ($380 million) to create about
10,000 new Web3 jobs in the next five years.
The firm is
reportedly considering offering specific software and funding to
encourage more firms to join the Web3 industry. The $380 million
investment is a part of Korea’s efforts to lead the Web3 race, reported Korea JoongAng Daily.
Dunamu
has already invested about 88 billion won ($67 million) since 2018
toward blockchain-centered firms. Dunamu CEO Lee Sirgoo said in a
statement:
“We plan to strengthen the competitiveness of
domestic industry through an active investment and creation of jobs of
the newly growing future industries, like blockchain, nonfungible token
(NFT) and the metaverse.”
The fintech giant aims to open
offices in major cities across the country and develop training programs
to induct new people into the Web3 ecosystem. The newly graduated
university students would be given priority in the program with a plan
to create 500 new startups. Dunamu didn't immediately respond to
Cointelegraph's request for comment.
Dunamu’s announcement to
invest significantly in the Web3 ecosystem comes just months after it
came under heavy scrutiny from the country’s regulators. Earlier in
April this year, the securities regulator took action against the crypto
exchange operator to curb its market monopoly.
Related: Why NFT adoption is so high in South Korea
The
fintech giant manages over $8 billion in assets and Upbit, the crypto
exchange it operates, accounts for more than 80% of crypto trading
volumes in the country.
The announcement to create 10,000 new jobs comes at a time when several crypto firms have announced job cuts due
to the bear market. Leading crypto firms including the likes of Gemini,
Bitso, Coinbase, Vauld and several others have made significant layoffs
over the past couple of months.
While South Korea is known for
its strict crypto regulations, the country has been bullish on the Web3
front. The government recently announced it would directly invest 223.7 billion won ($177.1 million) in various metaverse projects.
source link : https://cointelegraph.com/news/korean-fintech-giant-plans-to-create-10k-web3-jobs-amid-bear-market
