Crypto Job Seekers Should Build Personal Brands and Obsess Web3 – TechCrunch

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Welcome to Chain Reaction.

This month has been filled with announcements from major crypto companies that were laying off employees. Of course, this trend is not limited to this industry – there is a broader resizing of the technology workforce: Salesforce, Amazon, Meta, Alphabet and Microsoft have all made layoffs in recent weeks.

So this week, I’ve written two in-depth articles with the goal of helping those who have been laid off (maybe you, dear reader) stand out and find a new job in this cutthroat market. We spoke to a number of recruiters, talent leads and founders – who told us about the qualities they look for in candidates and what the interview process looks like.

The first tip? Being obsessed with web3, Nate Holiday, co-founder, president and CEO of Space and Time, shared with TechCrunch. If you don’t eat, sleep, and breathe web3, this probably isn’t the industry for you.

Candidates can also stand out by building a personal portfolio with open source projects, contributing to DAOs, taking on community ambassador roles or participating in Discord conversations, said Aleksi Loytynoja, co-founder and CEO of the talent proof hiring platform Kleoverse. at TechCrunch. Posting work publicly and building a social media presence helps candidates find new opportunities, he added.

More details below.

This week in web3

Fired from your crypto job? Here’s what founders are looking for in new talent (TC+)

As mentioned above, layoffs continue to spread across the crypto job market amid macro volatility and bearish market sentiment, but there are still plenty of startups looking to hire new talent. It’s a great time to hone your skills and create products to be ready, Loytynoja said. For those laid off in particular, the beauty of web3 is that there are many work and contribution opportunities available that help you develop expertise and gain exposure within the organizations you want to join.

Crypto Recruiters See Opportunity to Recruit Talent Amid Big Tech (TC+) Layoffs

As big players put talent back in the pipeline, this is a good opportunity for startups to pick it up, according to recruiters. Startups seek candidates who demonstrate a high degree of ownership, initiative, autonomy and responsibility, Zack Skelly, head of talent at crypto-focused investment firm Dragonfly, told TechCrunch. . A no task too big or too small mentality. But for people looking to get into crypto, it’s not an easy time, Dan Eskow, founder of talent agency Web3 Up Top, told TechCrunch. I’m not going to coat those who really want to pursue it, however, should develop their personal brands, Eskow added.

Web3 gaming needs to focus on sustainable savings, says Immutable (TC+) co-founder

Although the crypto gambling industry remains below its 2021 highs, it still attracted substantial venture capital funding in the past year. But looking to the future, the subsector can look outside of tokenomics to grow and sustain itself in the long term. We’re less interested in exploitative primary sales or cash grabs, but we were more interested in how people build long-term economies and games where a percentage of players trade in the economy every day, a said Robbie Ferguson, co-founder and president of Immutable. at TechCrunch.

Injective Launches $150M Ecosystem Fund to Accelerate Adoption of Interoperable Infra and DeFi

Injective, a layer-1 blockchain focused on building financial applications, has launched a $150 million fund ecosystem initiative, the platform’s CEO and co-founder Eric Chen told TechCrunch. Its new ecosystem fund is backed by former investors like Pantera and Jump as well as other web3 players including Kraken Ventures, KuCoin Ventures, Delphi Labs, Flow Traders, Gate Labs and IDG Capital. The $150 million was pooled by the consortium and will be rolled out over a few years, Chen said.

DCG’s crypto-lending subsidiary Genesis files for Chapter 11 bankruptcy

Genesis Global Trading, a subsidiary of crypto conglomerate Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy in court for the Southern District of New York (SDNY). Genesis Global Holdco and two of its commercial lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed voluntary petitions under SDNY’s bankruptcy code, its press release said. Other Genesis subsidiaries involved in derivatives trading and cash and custody business and Genesis Global Trading are not included in the filing and are continuing client trading operations, he added.

The last capsule

For this week’s episode, Jacquelyn spoke with Mo Shaikh, co-founder and CEO of layer-1 blockchain Aptos. Shaikh is a three-time founder with over a decade of experience in financial services as well as blockchain technology and cryptography. He has also worked on strategic blockchain partnerships for Novi (Facebook wallet) and served as Chief Strategy Officer at ConsenSys.

It’s been a huge year for Aptos – as the blockchain launched publicly and raised around $400 million in funding, amid a bear market. The new Layer 1 has gained backing from major investors like Andreessen Horowitz, Circle Ventures, and the now defunct FTX Ventures, to name a few. And even though the market is down, its token, APT, has soared more than 400% since the start of the year, according to data from CoinMarketCap. Looking ahead, Aptos plans to focus on making 2023 its year of intent, Shaikh said.

We also discussed:

What a bear market launch looks like Blockchain builders Business development plans for 2023 Onboarding people not in space Future of interoperability and the multi-chain world

Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to keep up with the latest episodes, and leave us a comment if you like what you hear!

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This list was compiled with information from Messari as well as TechCrunch’s own reports.

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