Polygon, an Ethereum scaling solution, is apparently seeking to aggressively hire more employees this year to capitalize on the crypto slump.
According to a recent Bloomberg article, Polygon will expand its personnel by 40% in the next months to capitalize on the availability of expertise after a number of cryptocurrency businesses either lay off employees or enforced a hiring freeze this year.
Polygon, which funded $450 million in February through the sale of private tokens, now has roughly 500 full-time workers who operate from distant locations.
According to the corporation, it will hire around 200 managers, engineers, and personnel to monitor relationships. Furthermore, Polygon intends to employ high-quality Web3 engineers, who they claim is tough to find and costly to hire.
According to Bhumika Srivastava, Polygon’s head of human resources – given that the Web3 ecosystem is still in its building steps, finding quality and skillet workers is hard.
According to Srivastava, Polygon previously acquired 30 engineers from non-fungible token (NFT) launchpad “OnePlanet”. Polygon’s human resources director also claims that the company has recruited talent from major internet companies such as Amazon, Electronic Arts, and YouTube.
Polygon’s hiring surge comes months after numerous cryptocurrency exchange firms, including Coinbase, Gemini, and Crypto.com, announced layoffs in their workforce.
Polygon is quickly establishing itself as one of the best scaling solutions in the business.
After a huge announcement about a partnership with the world’s largest coffeehouse chain Starbucks was made in the past weeks, Polygon now is in business with some of the highest-profile companies in the world.
Among the numerous names on the list are Meta (Facebook), Starbucks, Mercedes Benz, Behance, Draft Kings, OpenSea, and EA Sports.
The scaling solution is also responsible for handling the payouts for the 8th largest social media in the world, Twitter.
Polygon has demonstrated that Web3 adoption is attainable because of its adaptable use case. It has the ability to improve the user experience while also lowering expenses as a payment processor and scalable solution. Creators are the mavens of their communities, and making it simple for them to get compensated in cryptocurrency would help drive mainstream acceptance.
In conclusion, Polygon is one of the most inventive startups in the field, and these collaborations will enable it to reach an audience well beyond the crypto community. Polygon is becoming more popular, and worldwide Web3 adoption is simply a matter of time.