The Chinese blockchain platform NEO is in the crypto news today because of an official announcement shared with the crypto news authorities in which it announced that they are opening a new office in Seattle, US. The office will be headed by an ex-Microsoft executive John deVadoss and the company will open and begin recruitment this month, allowing itself to expand into the US market even further.
As the release notes, the NGD has been developing partnerships with Microsoft and other companies. According to the founder of NEO Erik Zhang, Seattle’s reputation for tech talent is one of the main draws for locating the new offices. As he said:
“Seattle has huge developer resources and a strong atmosphere of innovation, and NEO has always placed great importance in technology development.”
John deVadoss, who will lead the office, has previous experience working at Microsoft and co-founding the messaging service text11. At Microsoft, deVadoss developed .NET in competition with Java/J2EE.
NEO, on the other hand, is referred to by some as the “Chinese Ethereum” and “utilizes blockchain technology and digital identities to digitize assets and automate the management of digital assets using smart contracts.”
Currently, NEO’s token is trading above $8 with a market cap of around $530 million.
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