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LG Electronics, the South Korean IT behemoth, has announced the addition of cryptocurrency and blockchain technologies to its corporate structure.

According to a local news report, LG established two unique crypto-related objectives during its recent annual general meeting on Thursday. The creation and marketing of blockchain-based technologies, as well as the sale and brokerage of cryptocurrencies, were specifically highlighted in the objectives. Nonetheless, many have speculated that LG may launch a cryptocurrency exchange.

The tech company has focused on NFT adoption and integration at a breakneck pace. It also revealed earlier this month that it was collaborating with Kakao, a blockchain technology startup, to launch a new range of fully NFT-capable smart television sets. LG also worked with an online art auctioneer to complete more projects involving NFT artworks.

LG Electronics has included blockchain and cryptocurrency in its new business areas list.

LG Electronics, the South Korean IT behemoth, has announced the addition of cryptocurrency and blockchain technologies to its corporate structure.

According to a local news report, LG established two unique crypto-related objectives during its recent annual general meeting on Thursday. The creation and marketing of blockchain-based technologies, as well as the sale and brokerage of cryptocurrencies, were specifically highlighted in the objectives. Nonetheless, many have speculated that LG may launch a cryptocurrency exchange.

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