Jack Dorsey, CEO of Square and Twitter, announced on Wednesday in a series of tweets, Square Crypto, an open source initiative that will work towards building out the bitcoin/crypto ecosystem.

As part of the new initiative, Square Crypto is hiring three to four developers and a designer to work full-time on the open source protocol of bitcoin and the crypto ecosystem. Hires can work remotely from anywhere, have the option of being paid in bitcoin, and will report directly to Dorsey.

The demand for blockchain talent is still strong. Despite the bear market and recent industry layoffs, the number of blockchain job postings have been on the rise, and searches for roles involving Bitcoin, Ethereum, blockchain and cryptocurrency have increased.

Startups are offering top compensation packages, in particular for blockchain developers, as they compete for talent in an industry where supply is limited. The demand for blockchain talent has also grown as established companies, such as Amazon, Facebook and IBM, launch new teams to work on blockchain technology, and explore blockchain use cases.

Blockchain salaries have risen to be among the highest in the tech industry.

Following the one year anniversary of Cryptocurrency Jobs, I put together a thread on Twitter about the state of the blockchain and cryptocurrency job market. This post is a modified version of that thread.

1/ Blockchain and crypto jobs are in great demand despite prices being down from their all time highs. Demand is actually growing. This seems to indicate that people are interested in the technology and ecosystem, not just prices.

2/ Since launch, Cryptocurrency Jobs has featured over 1100 blockchain and cryptocurrency jobs at 400+ companies and startups across 100+ cities and 50+ countries.