In a bear market, crypto employment continues its bull market

What if the next bull run was that of crypto employment? – At the end of the 90s, who could have predicted the influx of opportunities about to spring from the funny revolution of the time, Internet ? Here the question arises again today. Are we seeing a similar pattern reproduced with the web3 ? In any case, this little world remains in turmoil despite the current crisis. The specialized recruiters in the field of cryptocurrencies affirm it. They do not see any decline in job offers in the sector, quite the contrary. Strange phenomenon in a context where technological stocks are suffering. Let’s dig the track.

Web3 and crypto companies, the popular jobs of tomorrow?

the market is gloomy and your wallet is bleeding? Morale down? Cryptos are known for their phases of high volatility, generating extreme emotions. However, there is a sure way to continue to live from your passion while trying to bail out your wallet. the crypto job market. Because it does not seem to know the crisis.

Traditional tech companies are struggling. Some have even recently announced a reduction of their staff in this context of market slowdown. Twitter, Uber, Amazon, Robinhood, the list goes on. netflix terminated the contract of 150 employees this week. Earlier this month, Meta, formerly Facebook, was freezing hiring. In short, all companies in the sector seem to be in difficulty. All? Nope ! A sector populated by die-hard blockchain and web3 enthusiasts still and always resists the gloom of the markets.

According to recruiters from Crypto Recruitquestioned by our colleagues from Cointelegraph, the sector seems to have been little impacted.

“We heard about a big downturn in the tech sector, but we hardly noticed it. On the contrary, we see that many more candidates want to enter the cryptocurrency market. We have been inundated with applications for quality candidates and have vacancies across all sectors. »

Cryptorecruit, May 18, 2022

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Behind the tree of a gloomy market hides a forest of opportunities

Neil Dundon’s company, Crypto Recruit, is a recruitment specialist dedicated to the cryptocurrency industry. Their teams, spread all over the world, United States, Asia-Pacific and Europe make the same observation.

“We haven’t seen a slowdown in hiring in this sector. We are busier than ever”

Neil Dundon, founder of Crypto Recruit

Kevin Gibson, founder of Proof of Search, a blockchain recruitment company, also spoke on the subject. According to him, most projects in the crypto sector are at the start-up stage. They still function thanks to the funds collected in the past years.

Furthermore, according to Gibson, there is a great imbalance between available talent and business needs. In fact, even if some start-ups were to disappear along the way, this would not be noticed on the job market. The talents of the sector would soon receive other proposals.

Since there are many vacancies and few qualified talents, the latter are offered many job opportunities.

The other emerging trend is the gradual influx of web2 talent to web3 start-ups.

“At a minimum, most innovative web2 technology companies allocate a budget to consider how they could incorporate blockchain into their models. So not only are companies venturing into the field, but candidates are flooding in as traditional tech downsizes. »

Neil Dundon, founder of Crypto-recruit

According to a study by LinkedIn released last January, crypto-related job postings have jumped 395% in the United States between 2020 and 2021. Compared to only 98% for the tech industry as a whole over the same period. The most frequently filled positions are those of blockchain developers and engineers. However, in the long term, all employment sectors could be affected. Lawyers, community managers, NFT artistsweb designers, gamers PlaytoEarn, trainers, journalists, editors… and many other professions that have yet to be invented. So get ready for your next maintenance in the metaverse ?

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