Dunamu is prepared to invest $380 million in Web3 initiatives and generate 10,000 job opportunities in South Korea.
The innovative force behind the crypto exchange Upbit, Dunamu, established in 2012, is backing the Web3 scene with a considerable investment of 500 billion won ($380 million). This initiative aims to create 100,000 job opportunities over the next five years across South Korea.
The company states, \"This initiative is aimed at bolstering South Korea's edge in the Web3.0 landscape,\" according to an article by Korea JoongAng Daily. said Since 2018, the fintech leader, which operates the widely-used Upbit exchange, has channeled approximately 88 billion won ($67 million) into various Web3 startups.
Dunamu is actively advancing the UP Start Incubator, a program designed to provide guidance to young businesses, and the UP Start Platform, which connects startups with Dunamu's subsidiaries and investors focused on Web3.
The ambitious plan of Dunamu includes not only decentralizing the IT and finance sectors but also setting up offices in major tech hubs like Seoul, along with other prominent cities such as Daejeon, Daegu, Gwangju, and Busan. As reported, 1,000 positions will be made available in areas beyond the capital, providing local graduates an enhanced chance to secure roles in the Web3 sector and receive IT training. Web3 startups Dunamu’s CEO Lee Seok-woo emphasized that their commitment to fostering talent in emerging areas such as blockchain and fintech is vital for job growth, particularly for the youth, which is a significant issue for the nation. \"We aim to strengthen the country’s industrial competitiveness through meaningful investments and job creation,” he stated.
South Korea is undeterred by the downturn in the cryptocurrency market and is eagerly adopting new technologies. Last month, the country invested $177 million into Metaverse companies, while Solana Ventures allocated another $100 million to support the GameFi and DeFi sectors. Korea Tech Desk South Korea enhances its focus on the Metaverse with a substantial investment of $177 million.
Solana has secured $100 million specifically for Web3 ventures in South Korea.
During the European Blockchain Convention, the sentiment was clear: \"In bear markets, we build.\" invested Please be aware that the content on this page is not meant as legal, tax, investment, financial, or other forms of advice. It's crucial to invest only what you can afford to lose and seek independent financial guidance if necessary. For more details, kindly refer to the terms and conditions, as well as the support pages provided by the issuer or advertiser. MetaversePost strives for accuracy and impartial reporting, but market conditions may change unexpectedly. raised Agne is a dedicated journalist covering the latest trends in the metaverse, AI, and Web3 sectors for Metaverse Post. With a passion for storytelling, she actively interviews domain experts to unveil engaging narratives. Agne boasts a Bachelor’s degree in literature and has a diverse writing portfolio that spans travel, art, and culture topics. Additionally, she has contributed to an animal rights organization, advocating for animal welfare. Feel free to reach out to her on...
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