How to enter Web3 jobs space where there is a lot of talent shortage

With the onset of the Covid-19 pandemic and the rise of the web3 space, tech workers are in greater demand than ever, especially those familiar with blockchains and their applications like cryptocurrencies and cryptocurrencies. non-fungible tokens (NFT).

A recent analysis by job search website Indeed found that between April 2020 and April 2022, job postings for cryptocurrencies, blockchain technology and NFTs increased by 804%.

The survey also showed a startling 315% increase in market demand.

Here is a guide to help you overcome your apprehensions and ride the wave if you still have qualms about working in the cryptocurrency and NFT industry.

Why work in the NFT and crypto space?

Developers have a very high adoption rate.

SlashData research shows that a significant portion of developers (around 67%, 59%, and 48%) want to learn more about cryptocurrencies, blockchain technology, and NFTs.

The future of crypto-related technology can be seen in learning rates as developers monitor updates and new trends.

As a result, it is extremely possible that the topics they research and explore will be liked.

Global companies are joining the industry

Multinationals Adidas, Visa, Louis Vuitton, Taco Bell, Pizza Hut and Pringles spend a lot of money on digital assets.

High salaries

Earning significant compensation is a perk of working in the crypto and NFT industries.

The web3.career pay table shows maximum earnings of $500,000 and average annual earnings ranging from $63,000 to $120,000.

Notably, estimates show that venture capitalists invested $30 billion in blockchain and cryptocurrency businesses last year.

Talent shortage

Interestingly, despite having enough capital to invest, many companies operating in the sector struggle to find enough qualified candidates.

Developers are hard to find; in Singapore, for example, demand for blockchain and cryptocurrency professionals has jumped 80%.

The number of Web3 developers has soared to more than 18,000 active developers per month, which is a record, according to Electric Capital.

And that’s rare in the industry; for example, DeFi has only 1,000 developers managing smart contracts with assets worth over $100 billion.

Benefits of working in the field

Companies also employ a lot of non-technical staff, although developers are the most in-demand workers.

There is a need for market researchers, copywriters, community managers, recruiters, sales managers, financial analysts, etc.

Market growth offers new career opportunities, including those for token economists, NFT drop specialists, and crypto art promoters.

Your compensation will be competitive in the market.

You have a lot more room to express yourself.

You join the group that is changing the planet, giving you the chance to focus on innovation and develop a roadmap for remarkable inventions that will have a big impact on our lives.

Disadvantages of fieldwork

A developer should have excellent technical skills, including proficiency in technologies such as Solidity, Golang, C++, C#, Python, and React.

Even if you’re not a developer, you’ll need at least a general understanding of the cryptocurrency industry, such as how traditional marketing and crypto marketing vary.

So, if you are a beginner, be prepared to spend a lot of time studying.

The cryptocurrency market is growing very rapidly. Lewis Carroll’s saying, “If you want to stay put, you must get away as fast as you can” is absolutely true.

What salary should be expected?

Designers can earn up to $80,000 per year, while product managers can earn up to $114,000 per year.

Compared to community and SMM managers, marketing professionals often earn $75,000 per year on average.

Again, the salary would be in line with your qualifications, level of expertise and the country you are in.

For example, ZipRecruiter reports that the average annual salary in the United States is $120,405 per person.

However, you shouldn’t hesitate to haggle over your compensation because the range can be very wide.

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What salary should be expected

The websites listed below can be used to discover suitable employment

Angel List Talent

CryptocurrencyJobsCryptoJobs

Daily Crypto Jobs

CryptoJobsList

In effect

LinkedIn

web3.career

PRO tips for landing your dream job

Learn more about NFTs and cryptography. A recruiter may ask, “Which protocol do you prefer?” depending on the position.

There are several places newcomers can get advice, like the OpenSea Blog, Binance Academy, Crypto Explainer+, NFT Now, Glossaries, 99Bitcoins YouTube Channel, and more. For guidance, also see OneArt Medium.

Networking is crucial for crypto. Join the OneArt Discord server, Telegram group, and Binance Community, among others, to interact with the community.

Use crypto by creating a wallet and an account on a website, for example.

Update your CV according to the needs of the job you want, even if it may seem obvious.

Have you participated in meetings, contributed to projects or published articles on cryptocurrencies? It also works.

Also consider your soft skills, such as your ability to learn quickly, collaborate with others, adapt quickly, and be self-motivated.

Be persistent, as well as eager to learn.

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