After the Crypto Crash, Is the Market for Blockchain Jobs Still Strong?

Blockonomics is a decentralized and permissionless bitcoin payment solution

With the latest crypto crash, and its subsequent impact on tech companies such as Coinbase, it’s price asking whether or not pursuing a profession in crypto-related applied sciences can nonetheless show profitable, notably ones involving the blockchain.

That’s a tough query to reply, largely as a result of no one appears fairly sure how crypto and its associated applied sciences and industries—together with the blockchain and “web3”—will play out. Some technologists are betting their careers that the web will evolve right into a decentralized type depending on the blockchain, crypto, and token-based possession. However others dismiss many of those ideas as buzzwords or outright scams.

Maybe it’s useful to take a step again and crunch some knowledge by way of Lightcast (previously Emsi Burning Glass), which collects and analyzes knowledge from thousands and thousands of job postings throughout the nation. In response to Lightcast, some 38,251 job postings over the previous 12 months requested for blockchain expertise, and the platform predicts that employer urge for food for these expertise will develop 24.6 % over the following two years.

Whereas that’s not fairly the identical quantity of employer exercise as, say, software program engineering or community administration, it’s nonetheless fairly strong. Blockchain-related expertise additionally pay a median wage of $99,000, which might shortly rise into the six-figure vary with the correct mixture of expertise and specialization. That’s additionally fairly good, particularly compared to different tech jobs; according to the most recent Dice Tech Salary Report, the common technologist makes $104,566 per 12 months (a 6.9 % improve between 2020 and 2021).


After all, blockchain isn’t synonymous with crypto; there are many technologists on the market trying to construct blockchain-based platforms for monitoring shipments or creating sensible contracts, they usually don’t actually care about minting a brand new coin or determining how you can construct a greater crypto pockets. However it doesn’t matter what the purpose of the technologists working with these applied sciences, the ideas surrounding the blockchain will doubtless stay key—which makes monitoring blockchain-related employment and wage knowledge a great way to regulate the phase’s total well being.

Going ahead, we’ll see if the wage numbers and job postings for blockchain start to say no. If that occurs, it’s doubtless the trade—and the know-how underpinning it—is in deep trouble of ever attaining its goals of domination. But when jobs and salaries for blockchain-related jobs continues to develop, it might imply brilliant skies forward.

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