LG’s IT arm taps Tiger Global-backed QuickNode for web3 pursuit

Despite crypto’s badly tarnished reputation following FTX’s collapse, some large corporations are warmly embracing its underlying distributed ledger technology. LG CNS, the IT solutions subsidiary of the South Korean conglomerate, has formed a strategic partnership with QuickNode, a blockchain deployment platform aiming to bring Web 2.0 services into web3.

Besides announcing the partnership, LG also revealed that it has invested in QuickNode through LG Technology Ventures for an undisclosed amount. To date, QuickNode has raised around $115 million. Upon raising $60 million from 10T Holdings, Tiger Global and others, the company was valued at $800 million in January.