Gemini plans big for Indian engineers in Web3 space: Report
Crypto companies plans big for Web3 related development in Asia, plans big expanding the hiring of software engineers.
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Highlights
- Gemini is on the heels to hire engineers from India
- The new hires will work on Web3 development-related tasks
- China, India, Japan and South Korea notice growth in Web3 fundings
The US-based cryptocurrency exchange, Gemini, announced the hiring of Indian engineers, given the company's plans to expand its presence in Asia. According to reports, the company has reportedly opened an office in Gurugram and is actively seeking Indian software engineers as well as technical product managers
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In recent years, several crypto firms including Coinbase and Algorand have been increasing their focus on inducting Indian developers to their teams.
Primary responsibility of the hirings
The primary responsibilities of the new hirings will include working on Web3, Decentralised Finance (DeFi), Non-Fungible Tokens (NFT), and Decentralised Autonomous Organisation (DAO) technologies. Several cryptocurrency companies, including Coinbase and Algorand, have increased their focus on adding Indian developers to their staff in recent years.
Recently, many Asian countries like South Korea, Japan, China and India have witnessed major investments from Web3 firms and continue to notice them, suggested reports. For instance, Bitgate, a Seychelles-based crypto exchange, unveiled a $100 million (approximately Rs. 819 crores) Web3 fund in Asia.
Gemini grows big, despite crypto winter
Gemini intends to make India the second-largest engineering centre, according to a TechAsia report. Moreover, recent reports further reveal that Pravjit Tiwana, who was earlier its global chief technology officer (CTO), has been named the CEO of Gemini's Asia-Pacific (APAC) operations.
Tivana will manage Gemini's goods and services throughout the APAC region as part of his duties, as mentioned in the report. In addition to Singapore, Gemini wants to increase the scope of its services in India. Gemini was running low on cash despite having survived the cryptocurrency winter of last year. Its founders Tyler Winklevoss and Cameron Winklevoss had put $100 million (about Rs 820 crore) of their own money into the company at that time.
India is regarded for its diversified workforce of young engineers, while Japan is recognised as a significant market for the Web3 gaming industry. This year, India is anticipated to create more than five million software developers.
Brian Armstrong, the CEO of Coinbase, travelled to India in 2022 to recruit engineers who were enrolled in the best institutions of higher learning there.
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