Outdefine Raises $2.5 Million In Seed Round To Help Web3 Talent Find Jobs

Outdefine, a cryptocurrency company operating on the Solana blockchain, has raised $2.5 million in a seed fundraising round to build a token-backed employment marketplace. Their platform aims to connect Web3 talent with the right job opportunities by allowing them to negotiate compensation for their tasks directly.

Jump Crypto and TCG Crypto are co-leading the seed fundraising round. According to an announcement, other investors include Big Brain Holdings, Formless Capital, and Blocore. They will be given both equity and token warrants.

On the Solana blockchain, Outdefine is developing a token-backed employment marketplace. The talent here negotiates the scope and compensation of their tasks directly and earns small benefits.

Outdefine’s crypto token is earned through recommending friends, finding jobs, and contributing to the community. With its potential to deliver incentives, motivate network activity, and promote transparency, the token aids in forming a fair relationship between recruiting firms, talent, and the marketplace.

Working remotely allows talent to work flexibly and deliver specialized abilities to various enterprises. It became clear, in particular, that the key concept of creating in the Web3 environment is to be a part of a community for development, learning, and earning cryptocurrency incentives.

However, most of these job possibilities have gatekeepers that take up to 50% of the talent’s income. Outdefine is bridging the gap by emphasizing talent development and experience.

Jonathan Moore, an Investor at TCG Crypto, says:

“Outdefine has created a unique approach to hiring and incentivizing web3 developers, one that we believe will help solve the global shortage of technical blockchain talent. TCG Crypto is excited to support Romil and his team in their endeavors to solve a fundamental issue for the crypto industry and increase the consumer adoption of blockchain technologies.”

Outdefine began fundraising in the spring of this year and completed the round between June and July of this year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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