FREE MEETING: KEY TRENDS AND RISKS IN NFT GAMES– REGISTER

droomdroom-logo-mobile droomdroom-logo-mobile-white
  • Bitcoin
  • Altcoin
  • Metaverse
  • NFTs
  • DAO
  • DeFi
  • Adoption
  • Regulation
  • bitcoinBitcoin(BTC)$23,015.00
  • ethereumEthereum(ETH)$1,600.83
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$300.97
  • usd-coinUSD Coin(USDC)$1.00
  • rippleXRP(XRP)$0.378086
  • cardanoCardano(ADA)$0.363562
  • okbOKB(OKB)$49.80
  • matic-networkPolygon(MATIC)$1.26
  • dogecoinDogecoin(DOGE)$0.081135
DroomDroomDroomDroom
Aa
  • Bitcoin
  • Altcoin
  • Metaverse
  • NFTs
  • DAO
  • DeFi
  • Adoption
  • Regulation
Search
  • Bitcoin
  • Altcoin
  • Metaverse
  • NFTs
  • DAO
  • DeFi
  • Adoption
  • Regulation
Follow US
© Droomdroom. All Rights Reserved.
DroomDroom > Adoption > The Most Lucrative Crypto Careers
Adoption

The Most Lucrative Crypto Careers

Last updated: 2023/02/21 at 6:37 PM
By Anush Jafer Published January 5, 2023 February 21, 2023
Share
8 Min Read
SHARE

Blockchain technology, the underlying tech for cryptocurrencies, is versatile, offering benefits ranging from increased operational efficiency to decreased costs. The utility of the technology spans various industries, such as financial services and supply chain management to healthcare and identity management. Numerous lucrative crypto careers and job opportunities have become available as a result of this.

Contents
Crypto Job Market SentimentThe Highest-Paying Crypto JobsBlockchain DeveloperSolidity DeveloperBusiness Development ManagerProject ManagerUI/UX DesignerConclusion

Irrespective of market conditions, there are several lucrative crypto jobs that are advertised on job boards such as CryptoJobsList and Crypto.Jobs. These positions include project managers, business development managers, UX designers, blockchain developers, and solidity developers.

Crypto Job Market Sentiment

The crypto industry has experienced rapid growth with precipitous declines. Extreme market volatility caused by recessionary fears and ongoing monetary policy tightening has led to sharp declines in traditional financial markets and assets, including crypto. Additionally, the collapse of the Terra ecosystem and the unanticipated bankruptcy fillings by industry titans like FTX, Celsius, BlockFi, and Voyager have further weakened the stability of the crypto markets. Due to these factors, the total market valuation of cryptocurrencies has decreased from $3 trillion to $806 billion as of this writing.

A graph on the total crypto market cap
Image via: CoinMarketCap

 

The bearish sentiment, negative price swings, and the string of insolvencies have contributed to large-scale layoffs in the crypto sector. According to a report published by Block Research, 2022 saw the highest number of layoffs, with over 9,500 people losing their jobs in the industry. Crypto.com accounted for the most significant number of cutbacks, with over 2,200. Meanwhile, companies such as Coinbase, Kraken, and Bybit each let go of more than 1,000 employees.

Crypto careers report: A bar graph indicating the number of crypto job layoffs in 2022.
Image via: The Block


However, the crypto industry is not the only sector that has made significant staff reductions. Some of the most well-known tech companies in the world significantly reduced their headcount in response to rising inflation and interest rates. For example, Amazon and Meta each cut more than 10,000 jobs.

Even though the data presented indicates a bleak outlook for crypto careers and the job market, the sector is still bullish when considering long-term employment trends. Despite the recent black swan events that plagued the cryptocurrency industry and its job market, the number of jobs in the sector increased from 18,200 in 2019 to 82,200 in 2022. This accounts for a growth of almost 351%. 

Companies are #hiring again! BULLISH! pic.twitter.com/Ju0RvSE54R

— Crypto Jobs (@CryptoJobs) January 4, 2023

The Highest-Paying Crypto Jobs

Various technical and non-technical crypto careers and job openings are frequently posted on the best cryptocurrency job boards. Read this guide to learn more about the top crypto-specific job portals before beginning your web3 job search.

Crypto careers and job openings are growing at a rapid rate due to a multitude of factors. A nascent industry requires fresh talent. Currently, there is a shortage of skilled workers who can build web3 technology. As a result, a gap exists between the supply and demand of skilled workers, leaving many high-paying open positions vacant.

Furthermore, the emergence of new niches within the web3 ecosystem, such as NFTs, DeFi, and Metaverse, accelerates the creation of new crypto careers and opportunities. The demand for talent and job vacancies remains high due to a discernible increase in user adoption and the emergence of businesses and startup projects supported by Venture Capital (VC) funding. 

Before diving into some of the most well-paid crypto careers, it is crucial to understand that, like in any industry, the salary bands for each role frequently fluctuate depending on various variables. In the cryptocurrency sector, this includes position levels or seniority, the type and size of the hiring company or project, and the country or location of the job. Some of the industry’s highest-paying positions include the ones listed below.

Blockchain Developer

Developers are in an extremely high-ranking position in the cryptoshphere. They must have in-depth knowledge of the technology to provide exceptional solutions and services. Blockchain developers fall under two categories: core developers and software developers. The former are in charge of a blockchain system’s architecture and security, whereas the latter build decentralized applications (dApps) and smart contracts using the architecture built by the core developer. 

Blockchain developers typically earn $100,000 annually, with a minimum base salary of $40,000 and a maximum of $240,000. — Source: Web3 Jobs

Solidity Developer

Solidity is a programming language used to develop smart contracts on Ethereum. These developers create, audit, test, and review solidity smart contracts on Ethereum-based applications. Due to the highly specialized skill set needed for this position, there is a high demand for talent, and the pay is very lucrative.

A Solidity developer’s wages range from $80,000 to $180,000 annually, with a median salary of $127,000. — Source: Cryptocurrencyjobs.co

Business Development Manager

Business development managers drive corporate growth by building new networks and relationships globally. 

Business development managers typically make $92,000 per year on average. The starting base salary is $35,000, and the highest pay grade is $170,000. — Source: CryptoJobsList

Project Manager

A project manager is responsible for product development, partnerships, growth hacking, and community management. Therefore, this position involves working as an intermediary between clients’ expectations and blockchain specialists. These managers are in charge of managing the project from start to finish. The role necessitates creating a detailed project roadmap to deliver the desired product within the timeline and budgetary restrictions.

The typical yearly salary for project managers is $90,000. Base salaries start at $50,000 and go upwards to a maximum of $160,000. — Source: Web3 Jobs

UI/UX Designer

User Interface and User Experience roles are in high demand as user adoption across web3 platforms increases steadily. Companies are aware of the need for simple and intuitive user interfaces on their platforms to encourage mass adoption. UI and UX designers proactively drive and conduct user or customer research to improve products. They translate user feedback to implement designs that have a high-quality user experience.

A UI/UX designer in the cryptocurrency industry makes an average base salary of $107,500 annually. The base wage ranges from $80,000 to $140,000 at its highest. — Source: cryptocurrencyjobs.co

Conclusion

This article has highlighted some of the most lucrative crypto careers and job positions in the industry. However, the fact that these are merely a few of the available roles must be kept in mind. The cryptocurrency sector is rapidly evolving, and new job roles appear to be propping up constantly. Candidates looking to start their crypto careers must therefore monitor job boards and stay informed about industry trends.

You Might Also Like

An Easy Guide to Crypto On and Off-Ramps

What Are the Top 3 Blockchain Myths?

All There is to Know About Account Abstraction: Ethereum’s ERC-4337 Standard

Next Big Thing in Crypto: All you need to Know About Move-to-Earn (M2E)

What Is Decentralized Storage and Why Is It Important?

Share
Previous Article 5 Crypto Jobs in High Demand 4 Non-Technical Jobs Thriving in the Crypto Industry
Next Article Want to Set Up a Secure Crypto Hot Wallet Want to Set Up a Secure Crypto Hot Wallet? Here’s a Useful Guide
- Advertisement -
Token 2049 Singapore
Discount LinkToken 2049 Singapore
Discount Link

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Explore
Cryptocurrency Wallets
Cryptocurrency Wallets: Explained
Hot Wallets
Top Non-custodial Hot Wallets
4 Ways to Identify Crypto Ponzi Schemes
4 Ways to Identify Crypto Ponzi Schemes
Top 5 Crypto Job Boards to Get Hired Instantly
Top 5 Crypto Job Boards to Get Hired Instantly

Subscribe to our newslettern

Get Newest Articles Instantly!

Explore More

a hyper-realistic painting of dollar sign next to a bitcoin
Adoption

An Easy Guide to Crypto On and Off-Ramps

March 20, 2023
A hyper-realistic painting of a portrait of a person with a thought bubble thinking about blockchain
Adoption

What Are the Top 3 Blockchain Myths?

March 9, 2023
Alt Description: An image with a standout Ethereum logo and several other connected ethereum logos on a blue background describing account abstractions.
Adoption

All There is to Know About Account Abstraction: Ethereum’s ERC-4337 Standard

March 9, 2023
An image describing how the move-to-earn ecosystem works; It shows a person in motion staring at their mobile device in the background is a larger mobile device with five different huge dollar signs.
Adoption

Next Big Thing in Crypto: All you need to Know About Move-to-Earn (M2E)

March 9, 2023

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information.

Twitter Facebook Youtube Telegram Linkedin Instagram Rss
Droomdroom Logo Droomdroom Logo

DroomDroom dedicates thousands of hours of research into the web3 industry to deliver you free, world-class, and accurate content.

Company

  • About Us
  • Contact Us
  • Partner
  • Careers
  • Privacy Policy
  • Terms of Service

Subscribe to our newsletter

Get Newest Articles Instantly!

- Advertisement -
Token 2049 Singapore Discount LinkToken 2049 Singapore Discount Link

Copyright © 2023 DroomDroom. All Rights Reserved

  • Bitcoin
  • Altcoin
  • Metaverse
  • NFTs
  • DAO
  • DeFi
  • Adoption
  • Regulation
Welcome Back!

Sign in to your account

Lost your password?