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Microsoft is hiring a Director of Crypto Business Development to execute its Web3 strategy

Microsoft is hiring a Director of Crypto Business Development to execute its Web3 strategy

In light of the increasing adoption of digital assets within the cryptocurrency space technology giant Microsoft (NASDAQ: MSFT) is looking to hire a Director of Crypto Business Development.

The Business Development team for Artificial Intelligence and Emerging Technologies is seeking to build out its future Web3 strategy. In particular, the job role will “lay the foundation to support and inform Microsoft’s Web 3.0 strategy,” as per the posting on the company’s website on February 7.

Furthermore, the role involves providing guidance to the executive team on important technological and product roadmap decisions as well as planning and implementing Microsoft’s web 3.0 partnership model, which includes infrastructure and APIs. 

It states the role will: 

“Work with engineering teams across the company to understand when existing infrastructure can be leveraged, enhanced, or built. Develop the vision, strategy, and roadmap for Microsoft’s web 3.0 partnership model including infrastructure and APIs.”

Microsoft is increasingly embracing crypto

Coinciding with job posting, in January, the world’s second-largest company in terms of market capitalization announced it had bought Activision Blizzard for $95.00 per share in a transaction that is slated to close in fiscal 2023. 

Microsoft will rely on the gaming behemoth to help it make the shift to virtual worlds, as part of its transition to the Metaverse. From the moment Facebook founder Mark Zuckerberg changed the name of his social media platform to Meta (NASDAQ: FB), it has been no secret that Microsoft is interested in entering the Metaverse.

The most recent job advertising definitely shows that Microsoft is trying to make strides in Web3 as it seeks to drive long-term value creation as it builds out its roadmap. 

Experience in cryptography, as well as a working understanding of the technology and protocols underpinning decentralized finance (DeFi), non-fungible tokens (NFTs), DAOs, and Web 3.0, are all required for this role.

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