• The Web3 job market has slowed down significantly due to the crypto bear market, layoffs, and regulatory pressure.
• Demand for roles in Web3 is uneven with infrastructure, gaming, and consumer app sectors still active while metaverse and Non-Fungible Token (NFT) projects have been hit hard.
• Currently there is a high demand for executive-level positions such as CTOs, engineering leads, security experts and developers.
Web3 Job Market Slows Down
Google, Amazon, Microsoft and Meta have cut thousands of employees over the past year leading to turmoil in the Web3 job market. According to Michael Shlayen, founder and CEO of Blockchain Headhunter, demand for new roles in Web3 has dropped 90 percent compared to the times of the crypto bull rally. Sectors such as infrastructure, gaming, and consumer apps are still active but metaverse projects are not hiring at all.
Tech Roles Dominate
Contrary to last year’s trend when business development and sales specialists were in high demand, current hiring patterns focus on executive-level positions such as Chief Technology Officers (CTOs), engineering leads, security experts and developers.
High Paying Positions
Despite lower budget allocations due to lay offs from many companies in the space Shlayen claims that salaries remain competitive compared to other industries. Senior positions can reach six figures with some roles paying up to $200 thousand a year. He also states that more companies are offering stock options or tokens as compensation which can add up to an additional 50-60% of total annual salary value.
Crisis Management Strategies
Shlayen advises candidates who want to stay ahead of competition during this tough period to gain skills related blockchain protocols or specific blockchain platforms like Ethereum or Bitcoin Cash by taking courses online or attending hackathons. This will give them an edge over other applicants when applying for jobs in Web3 space after the bear market ends.
With governments across the world releasing regulations related cryptocurrencies it is safe assume that industry will continue evolving regardless of short term fluctuations caused by the bear market conditions . Therefore Shlayen remains optimistic about future prospects after this difficult period passes: “The sector will be back” he says “Probably not as fast as we all hope but it will recover.“
• Framer followed a gut feeling and opened a new chapter of his life which involves digital assets and AI.
• He recently attracted the attention of Binance’s CEO Changpeng Zhao by creating an AI documentary video about him.
• Framer discussed how he came up with the idea, what he has learned through the process, and the reaction it caused.
Crypto’s First AI Video by Framer
Framer recently grabbed the attention of Binance’s CEO Changpeng Zhao (CZ) by creating a documentary video about him using artificial intelligence (AI). The former political student had been running e-commerce businesses for six years before discovering non-fungible tokens (NFTs) as an interesting technology and finding out that he could use his creativity to earn from them. After selling his business, Framer started experimenting with creating videos and images about crypto projects as well as generating artwork with AI. His work reached CZ, who reacted to it positively.
Inspiration Behind Creating Video
Framer found out that people can buy NFTs from resellers at higher prices than original creators, who have whitelists where they allow access to certain collections before their public listing. Therefore, he created a short video for “Invisible Friends” NFTs in order to get onto one such whitelist. This experience made him realize that making videos is what he loves doing most. After merging this hobby with his passion for crypto, he began covering stories related to digital currencies on YouTube and also experimented with generating art using AI.
Reaction from CZ
The outcome of this exploration was a documentary video about CZ’s past which attracted the attention of Binance’s CEO himself. The reaction was positive as CZ expressed appreciation for Framer’s work on Twitter shortly after its release.
In addition to receiving recognition from CZ himself, Framer learned many lessons throughout this entire process regarding marketplaces like OpenSea and NFTs more broadly. He concluded that people should be aware of where value comes from in bull markets when dealing with tokenized pictures or other digital assets related products such as cards or collectibles – something that is becoming more important in today’s world given its growth potential in coming years owing to blockchain technology advancements being made every day across various industries worldwide.
By producing his own documentary video featuring CZ’s past using AI technology, Framer demonstrated how creativity can be used alongside emerging technologies like blockchain or cryptocurrency systems to create something truly unique that captures both analytical data points but also artistic expressionism together in one product offering – something no other person has done yet within the space thus far!
• Cardano (ADA) has experienced a decline in price since its all-time high of 256.12.
• Direct Property Africa Token (DPAT) is disrupting the African market by offering investors access to new emerging markets at fractional costs.
• Analysts are cautiously optimistic about ADA’s potential for growth in 2023, but remain excited about DPAT’s features and potential rewards for token holders.
Cardano (ADA) is a third-generation decentralized proof-of-stake (PoS) blockchain platform that aims to outperform proof-of-work (PoW) platforms in terms of efficiency. ADA has been struggling throughout 2023 and currently trading 86.88% below its all-time high of 256.12 with 34.6 B circulating supply.
Direct Property Africa Token (DPAT)
Direct Property Africa Token (DPAT) is revolutionizing the way international investors can access African assets by listing real estate and infrastructure projects from across the continent on their custom marketplace and using distributed ledger technology and asset backed tokens, allowing anyone from anywhere around the world to invest in African projects securely and transparently from as little as $5. The project recently finished their KYC process with Coinsult, giving holders major incentives such as deposit bonuses, discounts on transaction fees, governance membership, VIP African safari & city trips etc..
Analysts have grown more excited about DPA Token’s features over the last few weeks as it could potentially open up dramatic changes within retail investment possibilities in Africa. However, Cardano continues to experience difficulties in recovering from its losses in 2022 although there may be signs of potential future gains this year if certain conditions are met carefully – making it wise to approach with caution when investing into this coin compared to other coins with higher chances of increasing value this year .
The crypto world has recently been stronger for several coins with much higher possibilities of increasing in value so it would be wise to tread with caution when investing into Cardano due to its current struggles while remaining hopeful for future gains; however analysts remain highly bullish on DPA Token due its numerous features that could drastically change how we access investments within Africa forever – making it an excellent opportunity for investors who want a piece of this revolutionary project!
Despite Cardano’s current struggles, analysts are still cautiously optimistic about the coin’s potential growth this year if certain conditions are met – creating hope that there may be some improvement moving forward; however they remain highly bullish on DPA Token due its numerous features giving token holders many attractive incentives which could open up huge possibilities within African investments!
• BitCard® and Blackhawk Network (BHN) have announced a commercial relationship to offer Bitcoin Gift Cards at select U.S. retailers in BHN’s network.
• The partnership marks a major milestone for both companies, driving further access to Bitcoin and diversifying offerings for retailers and card rewards.
• BitCard®, developed by Bitcoin Solutions Inc., is dedicated to making Bitcoin and cryptocurrency easy for consumers to access.
BitCard® Announces New Relationship with Blackhawk Network
BitCard® has announced a new relationship with Blackhawk Network (BHN), one of the world’s leaders in branded payment technology. Through this groundbreaking commercial relationship, BitCard® will offer its Bitcoin Gift Card at select U.S. retailers in BHN’s vast network of retailers and B2B channels.
Advantages of Partnership
This relationship marks a major milestone for both BitCard® and BHN. BitCard® is introducing one of the first Bitcoin products to BHN’s network, while BHN is increasing the visibility of BitCard® to help drive further access to Bitcoin. Additionally, this commercial relationship will diversify the offerings, allowing retailers, card rewards, airlines, loyalty companies, and many more within BHN’s network to purchase BitCards® and offer them as part of their existing merchandise benefits or rewards programs.
Quotes from Key Players
Steve Dekker, Managing Director Americas at Blackhawk Network said: “We’re pleased to partner with BitCard®, offering its gift cards redeemable for cryptocurrency in our portfolio… We look forward to seeing the positive impact this partnership will have on our industry.“ Ed Gieske, CEO of Bitcoin Solutions Inc., added: „We are excited to partner with Blackhawk… providing end users easy access to bitcoin and crypto.“
About Blackhawk Network (BHN)
Blackhawk Network (BHN) delivers payment solutions through prepaid products, technologies, and networks that connect brands and people. They collaborate with partners worldwide innovating market trends in branded payments that increase reach, loyalty, and revenue reliably executing security-minded solutions worldwide. Learn more at blackhawknetwork.com
Rollout Plans & Expectations
The rollout is expected go live soon; both companies are eager to see the beneficial effect it will have on their industry moving forward