Microsoft has no plans to fall behind in fine-tuning its future initiatives accordingly with the crypto industry becoming more intricate and deep. Earlier last week, the Windows OS developer announced a new job posting for a "Director of Business Development- Cryptocurrencies." The applicant who is ultimately picked to fill that post will be in charge of growing Microsoft's future activities related to cryptography and Web3, which is the next phase of the Internet that we use today.
The selected candidate will be part of Microsoft's Artificial Intelligence (AI) and Emerging Technologies team. According to the company's job announcement, the appointee will help establish the roadmap for Microsoft's forthcoming initiatives in Decentralised Finance (DeFi), Non-Fungible Tokens (NFTs), and Decentralised Autonomous Organizations (DAOs). "Understanding of the Web 3.0 industry is required for this function," Microsoft stated in its job offering.
"In particular, this function will establish the groundwork for Microsoft's Web 3.0 strategy to be supported and informed." The job posting, which was placed on February 7, was no longer accepting applications three days later. It is possible that Microsoft is already in the process of selecting the best-suited individual from the resumes submitted. The organization required the candidate to have at least one year of experience in the fields of crypto, DeFi, NFTs, DAOs, and Web3, among other credentials.
The news comes at a time when Microsoft is laying off personnel from its Augmented Reality (AR) teams. Meta (previously Facebook) has been stealing Microsoft staff to work on its Web3-backed metaverse initiatives. It should come as no surprise that Microsoft is clearly stepping up its attempts to expand its activity in crypto-related industries.