Despite the current layoffs in the crypto sector, Trust Machines is looking to expand its staff even more.
Trust Machines, a blockchain-based startup launched in early 2022 that believes in creating apps to grow the BTC economy, has recently reported that it hired Manas Mohapatra, former deputy general counsel of BNY Mellon, and former Coinbase COO Asiff Hirji.
According to the official announcement issued on June 29th, the two new all-star additions will reportedly provide the company with more muscle. Mohapatra will serve as the firm’s general counsel, whereas Hirji will act as a new advisor.
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Mohapatra, who previously "held multiple senior-level positions" at the American-based entertainment organization ViacomCBS as well as Twitter, said:
"I'm thrilled to join the world-class team at Trust Machines and look forward to helping navigate the ever-changing legal and regulatory landscape."
Likewise, Hirji, considered a "highly-regarded founder and investor with deep experience in cryptocurrencies," is also looking forward to working with Trust Machines and the rest of the team to build a stronger BTC economy.
On top of that, Trust Machines is also expanding its engineering team by welcoming Igor Sylvester, a former software engineer at the American-based discussion website Reddit. He also worked at the social media platform Facebook and led his own machine-learning brigade.
The CEO of Trust Machines noted that the current harsh crypto market conditions haven’t stopped the company from enrolling world-class talents into the team. With the help of Sylvester, Mohapatra, and Hirji, the startup will be able to further the growth of the Bitcoin (BTC) ecosystem.
Trust Machines, which previously raised $150M to bring decentralized applications (dApps) and non-fungible tokens (NFTs) to BTC, also shared its plans to onboard even more skilled individuals later this year. It seems like the company is taking a completely different approach as numerous crypto-driven organizations are cutting a significant number of their employees.
For instance, various powerhouses, including Banxa, Huobi, Gemini, Robinhood, and Bybit, mentioned that they are completely overstaffed, meaning that by the end of 2022, hundreds of people will be left without their jobs.
