As the blockchain industry continues to expand, the sheer number of new crypto projects has skyrocketed – not including those that are opting to integrate the technology into their existing businesses. This has caused a rapid spike in job opportunities for those with experience in the nascent industry, as a new LinkedIn News report shows.
A Boom in the Crypto Job Market
Only a year or so ago when you looked at the number of cryptos listed on CoinMarketCap, you would have found about 7,000-8,000. At the time of writing, that number is closer to 17,000, an obvious indicator that the crypto job market has exploded.
According to capital markets research firm PitchBook Data, US$30 billion went into crypto and blockchain startups in 2021, increasing the demand for people who can build and market in the space. With most of the opportunities coming from US states, these are limited to LinkedIn and do not include other countries’ main hiring sites.
According to the LinkedIn report, analysis conducted on the current job market has shown a massive increase in crypto-related vacancies. Postings containing terms such as “bitcoin,” “ethereum,” “blockchain” and “cryptocurrency” grew 395 per cent in the US from 2020 to 2021, outperforming the wider tech industry by nearly 300 per cent.
Specific Types of Jobs Available
Recently, massive tech and finance firms including Apple, Microsoft and JPMorgan have been hiring talent in the crypto sector, while some of the best and brightest in the traditional tech industry have left to be part of the transition into Web 3.0.
The LinkedIn report added that “most of the job postings were in software and finance, [while] other industries are also seeing a rise in demand for crypto talent. These include professional services like accounting and consulting, as well as the staffing and computer hardware sectors.”
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