The company behind cryptocurrency exchange Upbit, South Korean financial behemoth Dunamu, has unveiled an ambitious strategy that could create more than 10,000 new employment inside the Web3 ecosystem.
According to a local news article released on Tuesday, the Upbit operator intends to invest up to 500 billion won (approximately $380 million) in its Web3 venture.
According to the source, Dunamu’s ambitions center on investing the money over five years in blockchain and Web3 initiatives. The company aims to use these as strategic incentives to support new growth and generate thousands of jobs.
The company is also attempting to provide essential software solutions to startups within the rapidly expanding ecosystem.
Dunamu aims to support 500 startups
According to Lee Sirgoo, CEO of Dunamu, the effort aims to boost Korea’s position in the innovation sector by creating jobs in the metaverse, non-fungible tokens (NFTs), and the blockchain.
The company, founded in 2012 and is one of the largest investors in projects focused on blockchain, intends to increase its presence by opening additional offices in some of the most prestigious cities in South Korea.
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Fresh graduates from institutions across the nation would be the main target, according to Dunamu. This talented group plans to start 500 new businesses, the report states.