ConsenSys Plots Massive Expansion Following $200M Fundraising

“There’s a war for talent going on,” the Ethereum builder’s chief strategy officer said. Read the full article by: Danny Nelson

Key Points:

• As crypto continues to grow there will be more and more people looking for jobs in the space and companies that have been in the space for awhile are using some of that new money to hire as much talent as they can. The competition is starting to heat up as New York and San Francisco are leading in crypto job related hirings.

• ConsenSys is now planning to spend over $200 million to hire up 400 new employees to continue its growth in the space. The company is one of the major backers of Ethereum and is now valued at $3.2 billion.

• ConsenSys is one of the biggest names in crypto and are the developers of the most popular web3 wallets called MetaMask which has 21 million users and Truffle, which they acquired, that has 4.7 million users.

• “When people submit transactions we can intervene and make minor tweaks to make it more likely to succeed,” Morris explained. “We know from the point that you press the ‘go’ button, that we can get done what you want to get done.”