Virtual currency firm adds Nobel Prize winners to its team

Cryptic Labs is a leading blockchain research firm, has taken on two new advisors, both of which are Nobel Prize winners in the field of economics.

In a press release, Cryptic Labs announced that Dr Eric S. Maskin and Sir Christopher Pissarides would be joining the team to provide insights into incentive mechanisms, game theory, and macroeconomic policies.

Currently, a professor at Harvard University, Dr Maskin brings his extensive game theory knowledge and mechanism design experience to the company, with a particular focus on how blockchain-based projects can develop incentives. In 2007, Dr Maskin was awarded the 2007 Nobel Prize in Economics, for laying the foundations of the mechanism design theory.

In the press release, Dr Maskin stated:

“I think that blockchain technology is potentially important for a modern economy. Most discussions of blockchain technology focus on technical issues. I am more interested in the economic value such technology can bring.”

Sir Pissarides was awarded his Nobel Prize in 2010 for his work on the analysis of markets with theory search frictions. He will be lending his expertise to advise the company and its clients on the understanding of macroeconomics.

Cryptic Labs’ co-founder and managing director, Humphrey Polanen, commented: “For the first time in the industry, Drs. Maskin and Pissarides will offer unparalleled expertise and insight to the blockchain industry, providing nuanced understandings of behavioural economics to our clients.”

Adding two such distinguished academics to the team behind a cryptocurrency business is yet another big boost for the industry. It shows that some of the world’s best minds see the potential in both blockchain and crypto technology. At a time when the markets are experiencing a bit of turbulence, this is pleasant news for businesses operating in the crypto-sphere.

Whilst as of yet, E&S Group doesn’t have any in-house Nobel Prize Winners, we do have a very experienced team of lawyers, advisors, and tokenomics experts, who are able to guide you through every step of the ICO or crypto-business related process. Contact us on [email protected] to find out more.