10000 Web3 Jobs! Might Be a Ploy to Hide from Regulations!

Web3

Web3Korean fintech Dunamu is planning to invest 500 billion won to create about 10,000 new Web3 jobs

Dunamu is planning to invest 500 billion won to create about 10,000 new Web3 jobs to open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse in the next five years. It has already invested about 88 billion won since 2018 toward blockchain-centered firms. The 500 billion investment is a part of Korea’s efforts to lead the Web3 race. The company has decided to use the opportunity and invest millions in their businesses, targeting a future expansion and a stronger presence in the sector.

Dunamu is a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms. It is one of the country’s leading fintech companies. Focused on asset management and investment, Dunamu operates Upbit, the crypto-asset exchange with world-class blockchain technology, and regulatory expertise. Upbit is currently one of the largest crypto-asset exchanges in South Korea. Upbit was named the no.3 exchange in the world by trade volume by the Blockchain Transparency Institute. The firm is reportedly considering offering specific software and funding to encourage more firms to join the Web3 industry.

 

Korean Fintech giant Dunamu to create 10,000 Web3 jobs:

Dunamu plans to strengthen the competitiveness of the domestic industry through active investment and the creation of jobs in the newly growing future industries, like blockchain, NFT, and the metaverse. The bear market and the outflow of investors’ interest in the industry have caused numerous companies to reduce costs and lay off some employees.  Dunamu wants to create offices in Busan, Daegu, Gwangju, and Daejeon to assist local clients with advice on their cryptocurrency investments.

The fintech Dunamu aims to open offices in major cities across the country and develop training programs to induct new people into the Web3 ecosystem. Additionally, Dunamu intends to nurture 500 blockchain startups and recruit around 1,000 developers from newly graduated university students who would be given priority in the program. And its announcement to make investments considerably within the Web3 ecosystem comes simply months after it got here below heavy scrutiny from the nation’s regulators.

The firm will also assist several of these startups to expand overseas with the assistance of Dunamu’s subsidiaries. Since 2018, the firm has invested 88 billion won in different fintech and blockchain startups. The announcement comes at a time when companies are fighting for survival. Several firms are also laying off large numbers of employees to stay robust during the harsh market conditions. The fintech giant manages over $8 billion in assets, and Upbit accounts for more than 80% of crypto trading volumes in the country.

The fintech giant manages over $8 billion in assets, and Upbit accounts for more than 80% of crypto trading volumes in the country. 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 in various metaverse projects.