🏦 Wall Street infiltrates crypto : talent wars ignite !
And the 5 learnings from a web3 CEO 🎓
Today's Agenda...
The 3 current trends in the crypto job market 👨💼
5 lessons learned from a web3 CEO who launched 2 successful projects in NFTs and DeFi 🌟
⏰ Reading Time: 5 min
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The 3 current trends in the crypto job market 👨💼
As we navigate through 2024, the job market within the web3 space is experiencing a remarkable surge, presenting both unprecedented opportunities and unique challenges. Let's delve into the key trends defining employment in the web3 sphere this year. 💼
The Crypto Job Boom seems to be back 🚀
According to CCN website, major players like Coinbase, Kraken, Binance, and Gemini are leading the hiring surge, seeking to fill various positions across the globe.
The article indicates a significant increase in job postings within the industry, noting a 50% year-over-year increase between January and February and an additional 45% rise in March (base on CryptocurrencyJobs data). Moreover, the Blockchain Association lists more than 1,700 job postings, a strong increase from less than 1,000 a year ago. But it is still far behind the 2021 bull market when more than 3,000 job offers were posted. 📈💰
Bankers embrace crypto: a shift in talent dynamics
According to Bitget, a cryptocurrency exchange, there is a hiring spree across the crypto industry. 33% of their job applicants are former employees of the banking and financial sectors, reflecting the shifting talent dynamics.
This migration of talent underscores the increasing appeal of the crypto industry, fueled by better compensations and the disruptive potential of decentralized technologies. As banks grapple with digitalization and remote work, the crypto sector emerges as an attractive alternative for professionals seeking new horizons.
Compliance jobs are on the up, and you only have to search for the word "compliance" on the main web3 recruitment sites to see that there are plenty of vacancies. Below is an example from the Web3 Jobs site, which is currently displaying 929 compliance jobs.
Does this strong appeal of banking profiles to the crypto industry mark a turning point for the industry with a 180-degree turn towards institutionalization of the sector? We shall see.
3. Essential Skills requested by web3 founders
The "Blockchain Job Report" by CFTE sheds light on the key competencies expected from experts and project founders in the web3 space. While technical skills like programming remain crucial, the prominence of soft skills is evident, reflecting the collaborative and innovative nature of the industry.
Adaptability: With the dynamic nature of web3 projects, adaptability is paramount, enabling professionals to thrive in a fast-paced environment.
Communication: Effective communication is essential in navigating the diverse networks and communities within the crypto space, highlighting the importance of building meaningful connections.
Entrepreneurial Mindset: Despite its lower ranking in the top skills list, the entrepreneurial mindset remains a valuable asset, driving innovation and problem-solving in web3 projects.
Customer Orientation: While lower in priority, customer orientation underscores the importance of user-centric design and addressing usability concerns within the web3 ecosystem.
The convergence of finance, technology, and decentralization presents exciting opportunities for professionals to make their mark in this transformative industry. Let's continue the discussion in our Telegram channel !
From electrician to web3 innovator : a builder journey
Quentin Crépy's career shift from an electrician to a trailblazer in the web3 domain exemplifies the dynamic, ever-evolving nature of the tech industry. His transition to founding two influential web3 projects marks a significant leap, showcasing the potential for professional reinvention in the digital age.
The foundation of Solanart
Quentin co-founded Solanart, the first NFT marketplace on the Solana blockchain, which became a cornerstone in the NFT community. Starting from the ground up, Quentin and his team built Solanart into a platform that significantly influenced the NFT marketplace landscape in 2021.
The platform rapidly scaled, witnessing a user growth from a mere handful to over a million in a short span, a testament to its impact and the community's embrace of Solanart's offerings.
This growth phase was marked by challenges, such as ensuring platform stability and security amid rapid scaling, which Quentin navigated with a hands-on approach, learning to develop on the Solana blockchain in real-time.
The Genesis of Rain.fi
After Solanart, Quentin embarked on another venture, Rain.fi, which aimed to demystify and make decentralized finance (DeFi) more accessible to a broader audience with NFT users.
Recognizing the complexities and barriers present in traditional DeFi platforms, Rain.fi was developed to offer a more intuitive and user-friendly approach to lending and borrowing in the crypto space.
With a focus on simplifying DeFi interactions, Rain.fi managed to secure a significant total value locked (TVL) and foster a dedicated user base, showcasing the demand for platforms that prioritize user experience and accessibility.
Five learnings from Quentin :
Adaptability leads to opportunity: Quentin transitioned from an electrician to a web3 innovator, demonstrating that willingness to adapt can open doors to entirely new fields and opportunities.
Continuous learning is crucial: Without a formal background in blockchain, Quentin self-taught coding and blockchain skills, illustrating the importance of continuous learning and self-improvement in tech.
Community focus drives success: Solanart's rapid growth from a few users to over a million underscores the impact of creating solutions that resonate with and fulfill community needs.
User-centric design is key in DeFi: Rain.fi's approach to simplifying DeFi interactions attracted a substantial user base, highlighting the importance of user-friendly design in fostering platform adoption.
Scalability challenges require resilience: Quentin's experience with scaling Solanart amidst user growth teaches that anticipating and managing scalability challenges is critical for sustaining success in tech ventures.
The People behind web3
We invite you to share with us which leaders in the Web3 space inspire you and deserve to be spotlighted. Who should we talk about next to inspire and inform our community about the human stories behind the technological advancements in Web3? Your suggestions will help us shine a light on the individuals making significant contributions to this exciting field.
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Disclaimer : The goal of this newsletter is to inform and produce content related to management in the world of Web3. It is not investment advice. Investments in crypto-assets and NFTs are risky and can result in the loss of your entire capital. Always conduct your own research and exercise caution.