Hong Kong may be positioning itself as the next major opportunity for crypto firms, but recruiters said it could be months before we see Web3 companies clambering for crypto talent.
Crypto firms may appear to have been prepping entry to Hong Kong with unabated excitement, but it’s yet to translate into in-country hires, according to recruitment executives.
“Many Web3 companies are still in the early stages of development, but we anticipate an increase in openings as they continue to scale up and mature.” This was particularly the case when talent was “laid off en masse,” which made some hesitant toward working at a crypto company “due to the unstable nature of the business that mainly relies on the prices of crypto,” she said.
“Even though rules have changed, venture activity is extremely low right now,” he said. “Although it feels like we have bottomed, and I expect this to start trending upward from here.”
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