|

NEO Establishes U.S. Foothold in Seattle

  • Da Hongfei, the founder of NEO, declared that they will be choosing Seattle as the base of their operations.
  • The reason why they chose Seattle is because of its rich history of producing successful technology companies and the software talent available.

Da Hongfei, the founder of NEO, announced that the NEO Global Development (NGD) had established a base of operations in Seattle, Washington. This move will see them gain a significant foothold in the US markets. NEO chose Seattle because of its strong software development scene and the fact that it was the birthplace of companies like Microsoft, Amazon, and Expedia and it is also home to offices from Facebook, Google, and Twitter. As such, Seattle is brimming with software talent.

Speaking at DevCon, Hongfei said:

“We are now in Seattle, the hometown of one of the biggest software companies in the world—Microsoft...Nobody knows how to win a platform competition better than Microsoft, especially for computer language frameworks and platforms….We tried to compare different locations in the US and Seattle seemed to be the best choice. New York is more for the financial sector. San Francisco or Silicon Valley is good for startups if you want to do fundraising, or [for] more consumer side internet companies. But, if you want to do serious software development, I think Seattle is a better choice.”

The NGD is going start small in Seattle but there are plans to expand soon:

“In Seattle, we will start small but gradually expand. We don’t want all the engineers [for NEO] to move to Seattle and work in the office. NGD Seattle will orchestrate all the things [related to the development effort]....We are moving from the industrial economy to the smart economy or digital economy. In the smart economy, a lot of things happen at a global scale. There is different talent in different countries and different cities. The US definitely has lots of lots of talent. We do think that we do need an office in the US and an office in China. So we will have the best of both worlds.”

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

XRP retreats as ETF interest cools
Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.
Crypto Today: Bitcoin, Ethereum, XRP pare losses as breakout potential builds
Bitcoin (BTC) is edging higher on Friday, albeit gradually, after reclaiming support above $65,000. Meanwhile, Ethereum (ETH) shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows. Ripple (XRP), on the other hand, holds above the pivotal $1.10, with its upside structurally constrained below $1.15.
Bitcoin Weekly Forecast: BTC holds firm, but the $100 Oil threat could change the game
Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.
Crypto shrugs off a stronger Dollar
Cryptocurrencies have been affected by jitters in traditional financial markets, losing 0.8% of their market capitalisation over the past 24 hours to $2.23T, dipping to a low of $2.21T at the start of active trading in Asia.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game
Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.