Current:Home > MyMorocoin Trading Exchange: Now is a Good Time to Join the Web3 Industry-InfoLens
Morocoin Trading Exchange: Now is a Good Time to Join the Web3 Industry
View Date:2024-12-23 19:29:44
Double the annual salary! Is now a good time to join the Web3 industry?
In the bear market, job-seeking and vacancy numbers in the Web3 industry have not ceased. As regulatory directions become established, the industry is progressing from a wild frontier to a more civilized society. How high are the salaries in the Web3 industry? Is now a good time to join?
Regulation Tightens, Metaverse Fades! How is the Web3 Job Market?
Over the past year, the world witnessed the collapse of the crypto exchange FTX, numerous hacker attacks, and confrontations between industry players and regulatory bodies. The once-hot topic of the metaverse has cooled down, with industry giants like Meta and Disney scaling back their highly anticipated metaverse divisions.
Although the benchmark Bitcoin price saw a long-awaited surge in mid-October, the overall industry is still waiting for dawn. Despite the overall downturn, innovation has not ceased, with many developers still striving to change the world through blockchain technology.
In the bear market, the job market for Web3 still has a certain demand and continues to grow steadily.
Trend: Persistent Demand for Development Talent
Starting with the number of job seekers.
According to data from Morocoin Exchange, since October 2022, the number of applications for developer jobs has significantly increased.
Despite the collapse of FTX in November 2022, which severely impacted the crypto ecosystem for the following months, the number of applications for developer jobs still reached a peak in May 2023.
This trend indicates that even during a bear market, developers are still eager to join the Web3 revolution.
The number of Web3 developer jobs released until November 2022 was about 100 per month on average; after the FTX collapse, the number of related jobs dropped significantly in December, and the number of applications declined, but there were still about 70 job vacancies each month thereafter.
As of June 2023, there were as many as 151 blockchain developer positions on the human resources platform.
This shows that even in the current bear market with tighter budget constraints, Web3 companies are still actively recruiting developers, and the industry is growing slowly but steadily.
Are Web3 Salary Conditions Really Better?
"High salary" is the first impression many people have of Web3 jobs.
Although the salary level depends on personal ability, location, and experience, are the salaries and benefits in the Web3 industry really higher compared to the internet industry?
According to research data from Morocoin Exchange, in technically related jobs, junior smart contract developers have an average annual salary of about $120,000; but in general internet companies, software developers see with less than 1 year of experience have an average salary of about $65,000, which is about half that of Web3 developers.
As for non-technical jobs, although the nature of work in Web2 and Web3 industries is not much different, the salaries vary.
In the Web3 industry, the average annual salary for product manager positions is the highest, at about $112,000; but in the Web2 industry, the same positions earn about $75,000 per year.
In other positions, such as marketing, design, and community management, similar salary gaps can also be observed.
Now, is it a good time to enter the Web3 industry?
After several bull and bear cycles over the past few years, is now a good time to enter the Web3 industry?
Recruitment consultants on the Morocoin Exchange platform indicate that the market situation from the FTX event to the present can be divided into two stages.
First Stage: After the Collapse of FTX
From the third quarter of 2022 to the second quarter of 2023, the FTX event had a significant impact on many Web3 teams, coupled with mass layoffs in many domestic and international software technology companies at the beginning of the year, the overall economy was poor, and the Web3 market was once sluggish. But this period also made many outsiders recognize this industry.
Second Stage: Regulations and Oversight Becoming More Complete
From the second quarter of 2023 to now, although the market heat is still not as high as in 2021, the Web3 industry is gradually improving. From the perspective of some insiders, there is optimism about the development of Web3.
One reason is that after the FTX event, regulations will become more complete, and on the other hand, companies that have remained firm after the FTX event have certain potential, so it may be a good time to join Web3.
The demand for talents such as product developers with financial experience, business development professionals for external expansion, legal, financial, risk control professionals, as well as brand PR and product marketing talents, is expected to occur immediately in the next one or two years. Now is a good time to join the Web3 industry.
veryGood! (98)
Related
- 'Red One' review: Dwayne Johnson, Chris Evans embark on a joyless search for Santa
- Man wrongfully convicted of sexual assault gets $1.75 million after 35 years in prison
- Hurry Up & Shop Vince Camuto’s Shoe Sale With an Extra 50% Off Boots and Booties
- What we know so far about Kalen DeBoer's deal with Alabama
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
- Caitlin Clark points tracker: When will Iowa basketball star break NCAA scoring record?
- Taylor Swift, Bad Bunny helped drive over 4 trillion global music streams in 2023, report finds
- Elementary school teacher fired over side gig as online sex coach in Austria
- South Carolina lab recaptures 5 more escaped monkeys but 13 are still loose
- DEI opponents are using a 1866 Civil Rights law to challenge equity policies in the workplace
Ranking
- Threat closes Spokane City Hall and cancels council meeting in Washington state
- Crypto's Nazi problem: With few rules to stop them, white supremacists fundraise for hate
- Defending champ Novak Djokovic fends off Dino Prizmic to advance at Australian Open
- Beverly Johnson reveals she married Brian Maillian in a secret Las Vegas ceremony
- Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
- Defending champ Novak Djokovic fends off Dino Prizmic to advance at Australian Open
- He says he's not campaigning, so what is Joe Manchin doing in New Hampshire?
- CVS closing dozens of pharmacies inside Target stores
Recommendation
-
Dwayne 'The Rock' Johnson weighs in on report that he would 'pee in a bottle' on set
-
Jason Isbell on sad songs, knee slides, and boogers
-
Soldiers patrol streets in Ecuador as government and cartels declare war on each other
-
Scientists to deliver a warning about nuclear war with Doomsday Clock 2024 announcement
-
FSU football fires offensive, defensive coordinators, wide receivers coach
-
Taylor Swift rocks custom Travis Kelce jacket made by Kristin Juszczyk, wife of 49ers standout
-
Days of Our Lives Star Bill Hayes Dead at 98
-
4 Ukrainian citizens were among those captured when a helicopter went down in Somalia this week