Why Crypto Can Be Your Next Career Move?

The last two years of the pandemic took a wrecking toll on the global markets. Moreover, conflicts like the Ukraine war have also kept the world markets uncertain. Yet, a few things are captivating the world’s attention towards it; they are Web3, blockchain, and cryptocurrency. 

These sectors are growing prevalent with each passing day. And why not! They also have incredible benefits and rewards. Assets like cryptocurrencies are used to address the challenges of trading worldwide. Also, the popularity and widespread usage of these technologies have resulted in many job opportunities in these disciplines. 

With the rapid growth of these tech sectors, more options are likely to emerge and grow in the future. According to projections, the value of Web 3.0 blockchain is foreseen to reach $6,200 billion by 2023. Between 2023 and 2030, there are predictions that this market will develop at a 44.6% compound annual growth rate (CAGR). 

While the Web 3.0 blockchain business is performing well, data shows that the crypto market is also expanding. From 2021 to 2030, the cryptocurrency market, worth $1.49 trillion in 2020, is likely to increase at a CAGR of 12.8%, reaching roughly $5 trillion. The worldwide blockchain market is also booming, with a CAGR of 8.5-9% predicted between 2020 and 2030, up from $5.92 billion in 2021. 

The success rate of cryptocurrencies and blockchain is growing year after year. Consequently, the number of job possibilities and scope are also increasing. For instance, jobs in blockchain are rising at a rate of 2,000-6,000% a year with a pay that is 50-100% more than traditional developers.

More digitalization, access to high-speed internet, and increased adoption of digital assets are fundamental reasons for the growth of these sectors.

Let’s learn about these new tech sectors in brief.

Web 3
Web 3.0 relies on decentralized apps. It allows everyone to participate without enabling them to monetize their personal information. Web 3.0 is credible, self-contained, and includes native payments but it relies on a large number of networks and servers.

Blockchain
Blockchain is a distributed database that disseminates data among computer network nodes. Furthermore, it keeps data in electronic form or digital format. It intends to allow the recording and distribution of digital information except for editing of the data. 

Cryptocurrency
Cryptocurrencies are one of the most prevalent trading tools in today’s time. They have grown in prominence because they provide a means for speedier money transactions than any other service. They are based on decentralized systems that do not shut down at a single point of failure or disconnection.  

Let’s look at some professions which are growing highly around these new tech developments:

• Blockchain Developer
• Blockchain Project Manager
• Chief Artificial Intelligence Engineer
• Smart Contract Developer
• Smart Contract Auditor 
• Community Manager 
• Token Manager 
• Senior Software Engineer
• Blockchain Security Engineer 
• Product Management

Overall, more opportunities will arise as the world transitions into a new era of technology and innovation. These opportunities will allow new industries to grow and thrive. Moreover, they will serve a larger purpose of solving complex challenges in the market. These fields mostly have remote working jobs and you just need a strong internet connection to do your work. Though these titles seem complicated, these new roles will be the most demanding careers in the future. Follow your passion and be the next bright tech professional.