The NEAR Foundation recently made the decision to lay off 35 employees, which accounts for about 40% of its team. This move is part of the foundation’s efforts to restructure and realign its goals and strategies. Despite this reduction in staff, the NEAR Foundation assures that its financial health remains strong, with a treasury holding over $285 million in fiat, 305 million NEAR tokens (worth more than $1 billion), and $70 million in investments and loans.
The NEAR Foundation has played a significant role in the crypto market, particularly with the NEAR Protocol becoming a hub for three of the top ten Web3 applications. However, a review by the NEAR Foundation Council (NFC) revealed areas that needed improvement. As a result, the NFC decided to consolidate the core Foundation team, primarily affecting the marketing, business development, and community teams. The NEAR Protocol Engineering Team at Pagoda will continue its operations without any changes.
Despite these layoffs, there are still plenty of career opportunities in the Web3 industry. Companies like Bitgo, Gemini, Fireblocks, and Swan are actively hiring for various roles with competitive salaries ranging from $63,000 to $220,000 per year.
In conclusion, while the NEAR Foundation is making adjustments to its focus, there are still numerous career opportunities available in the dynamic Web3 sector. It’s an industry that continues to grow and demand skilled professionals.
Hot Take: Web3 Careers Offer Exciting Opportunities
The recent layoffs at the NEAR Foundation serve as a reminder of how organizations adapt and restructure to meet their goals. However, this does not diminish the abundance of career opportunities available in the Web3 industry. Companies like Bitgo, Gemini, Fireblocks, and Swan are actively seeking talented individuals for various positions with competitive salaries. If you’re looking to break into the Web3 sector or make a career transition, now is a great time to explore these exciting opportunities. Just remember to stay informed, verify facts independently, and consult professionals before making any decisions. The Web3 industry is evolving rapidly, and there’s no shortage of possibilities for those willing to seize them.
By
By
By
By
By