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Polygon aims to increase its staff by more than 40%

Cryptocurrency exchange Polygon is seeking methods to profit from the situation as the crypto winter has bankrupted multiple cryptocurrency giants such as Celsius Network, Three Arrows Capital (3AC), and Voyager Digital.

Polygon, whose software improves the efficiency of Ethereum blockchain transactions, intends to raise its entire workforce by more than 40% this year in order to capitalise on the difficulties of other crypto businesses.

The company, which was founded in India and is based in Dubai, wants to add roughly 200 individuals to teams operating from remote locations throughout the world, according to HR head Bhumika Srivastava in an interview with Bloomberg.

Some of the new hires will be full-time workers, while others will be contractors working on initiatives related to the larger Polygon ecosystem. To handle the cooperation, the corporation is employing managers, engineers, and employees.

The website claims that smart contract developers, who write the computer code that automatically completes transactions on the blockchain, make an average salary of $120,000 and a maximum of $400,000.

Polygon poached 30 engineers from One Planet, a non-fungible token launchpad that migrated to Polygon when the Terra stablecoin project burst in May. According to Srivastava, negotiations are underway to transfer 60 separate Terra projects into its own ecosystem.

Srivastava claims that the business has bought Electronic Arts Inc., Amazon.com Inc., and big digital companies like YouTube, which is Airbnb Inc. connected to polygons. Ryan Kuhl, a recent hire as the Partnership Manager at Coinbase.

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