South Korean fintech giant Dunmu, the firm behind cryptocurrency exchange Upbit, has announced an ambitious plan that could see it bring more than 10,000 jobs to the Web3 ecosystem.
The company’s plans were revealed in a local news report. published On Tuesday, Joe notes that the Upbit operator is looking to plow up to 500 billion Won (about $380 million) in its Web3 investment.
According to the report, Dunmoo’s plan will revolve around funding blockchain and Web3 projects over a period of five years. The company is also looking to offer key software solutions to startups within the rapidly growing ecosystem, targeting these as a strategic incentive to drive fresh growth and create thousands of jobs.
Dunamu targets 500 startups
According to Dunamu CEO Lee Sirgu, the initiative is set to cement Korea’s place in innovation, with jobs in blockchain, non-fungible tokens (NFTs) and the metaverse part of the vision.
The firm, which launched in 2012 and is one of the largest investors in blockchain-focused projects, plans to expand its presence through new offices in some of South Korea’s top cities.
Dunamu said the main target would be fresh graduates from universities across the country. According to the report, this group of talent would like to launch 500 new startups.