Microsoft (NASDAQ: MSFT) continues to strengthen its position in the cryptocurrency and blockchain space through relevant hirings, with the company announcing a position for Web 3.0 and Blockchain Principal Product Manager.
The job posting published on the company’s website on June 6 indicates that the successful candidate would be part of the Microsoft Cloud for Industry Growth and Expansion Team (MCIGET). Under this role, the primary task will be to ‘bring clarity, generate energy and deliver success for Microsoft in blockchain and crypto.’
Additionally, other responsibilities entail interacting with external blockchain and crypto ISVs to build on the Microsoft Cloud. The candidate will also be responsible for assisting in refining the general Microsoft blockchain and crypto strategy and execution.
One notable requirement for the job is experience in crypto, blockchain, distributed ledgers, or Web 3.0 and conceptual knowledge of modern cryptography.
Microsoft’s advances into crypto world
Overall, the team’s expansion adds to Microsoft’s recent efforts to integrate crypto into its existing products. According to the company:
“The blockchain and crypto market presents Microsoft with an opportunity to grow usage of our tools, platforms, and products in new ways and with new customers. We can apply lessons learned from prior blockchain work to guide engagement with partners who extend these technologies into their industries.”
Microsoft has been scaling its cryptocurrency and blockchain teams with strategic hiring in recent months. For instance, the software firm announced the Director of Crypto Business Development position in February. The successful hire was to assist in laying the foundation for Microsoft’s Web 3.0 strategy.
An analysis of the hiring spree indicates that the company is gradually establishing itself as a key player in emerging technologies like Web 3.0.
Already, the firm has expressed interest in venturing into the virtual worlds after successfully acquiring video gaming company Activision Blizzard for a deal worth $95.00 per share. The acquisition is expected to close in 2023 and will play a vital role in the company’s shift towards the metaverse.