Most recently some known companies in the crypto space have hired one of the best professionals with a massive salary, as per a recent report the salary offered to the IT professionals of the Web3 sector is much more than that of Web2 IT specialists.
There are several crypto-based firms that have been offering a significant salary for the Web3 application developer, and the surge in the salary package reflects the growing interest of the masses in cryptocurrencies and related products.
From each role, the salary is comparatively high in the Web3 space considered to be the same role in the Web2 or traditional market. Some known posts in the Web3 space include a smart contracts developer, a Web3 application developer, a UI and UX developer, and a content writer.
It is worth noting that a sudden shift in the total number of media houses reporting for the crypto sector has been observed.
Crypto-related hiring to soon surpass traditional hiring & salaries?
With the changing gears of the cryptocurrency market a major change in the hiring process has been observed, especially in the last quarter of 2024 several companies released some employees and some of them hired some known personalities for millions of dollars in salaries.
It is worth noting that the educational programs and dedicated courses for digital assets blockchain, smart contracts, and Web3 are helping enthusiasts explore Web3 space with a greater understanding.
The cryptocurrency market has given thousands of millions including Justin Sun, Vitalik Buterin, and Sam Bankman Fried among others. Yet Sam has been charged over the charges linked with the sudden crash of FTX, a second-largest centralized exchange at a time.
Traditional corporate entry transforming crypto
In 2023 and 2024 several traditional firms showed their interest in blockchain technology or cryptocurrencies, creating a demand for hiring for the role of developing, deploying, and others, especially for the Web3 category.
Most recently JIO, an Indian telecommunication giant has joined hands with Polygon Network to offer much-enhanced features to its users by leveraging blockchain. Birla Institute has launched their in-university cryptocurrency BIMCOIN to develop a decentralized ecosystem in the financial ecosystem of the institutions.
Crypto market to get a 50x growth after U.S. favoritism
Following Donald Trump’s historic victory the crypto market changed its gears and after a few hours, the market was filled with news of Bitcoin surpassing the mark of $100k.
In most developments, Mr. Trump has signed a few orders to review the rules and regulations of the United States hindering the growth of digital assets. Before 24 hours the crypto market was in red and under the pressure of bears, at the same time Bitcoin was below the $95k mark.
At the time of writing, Bitcoin was exchanging hands at the $98,100 mark with a growth of 3.14 percent, and Ethereum at $2,708 with a 4 percent growth. Despite this surge, the price is below the 20 50 100, and 200 days exponential moving average.
