- Salaries for Web3.0 developers range from $300k to $750k.
- Salaries are an indicator of momentum within the industry.
- Although the salaries are high, this is not a guarantee since a part of the salaries is paid in tokens, the same way that Silicon Valley developed it when it offered shares to its developers as a payment method.
The internet is changing drastically, being very different from how we know it, largely due to the appearance of the metaverse, a digital space that aims to take the virtual interactions of millions of people to the next level, being a closer approximation to how they happen in real life.
In today’s digital world, there are some players who are predominant and who mostly dictate the rules of the game, how the market moves and where, and therefore, working in these consortiums has also translated into a generous entry of salaries.
This is the case of companies like Google and Facebook, technology companies that, for a long time, have “stolen” talent from various parts of the world, turning cities like Silicon Valley into cities in which their inhabitants, who work step in the aforementioned firms, they seek job opportunities with good salaries, the reason? Easy, senior software engineers at the five FAANG companies earn just over $300,000 a year, according to estimates from the site levels.fyi.
Web3 wages explode
With such features, the new version of the internet, Web3, did not take long to catch up.
The new version of the World Wide Web based on blockchain technology has allowed the emergence of jobs with high income levels similar to those existing on the Web2.
A button is enough to prove a proverb, so a good example of this is that the position of senior engineer in the Silo Finance non-custodial loan protocol caught the attention of millions of people, among other things, because according to the means, medium The Defiant The salary to be received by whoever fills the vacancy ranges from $300,000 to $750,000 dollars.
Other job offers have also caught the attention of Internet users, as TempleDAO, a fork of OlympusDAO, public a job position that has a salary between $300,000 and $900,000 dollars.
Likewise, the NFT LooksRare market also offered a job that exceeded $600,000 in salary, according to the newspaper The Daily Ape.
“Regardless of whether or not it appeals to you, Web3 is easily 2x or 5x much more than what you pay today in Silicon Valley”, the founder of Nomad List wrote on his Twitter account, Peter Levelsas a response linked to the Silo ad.
There is no doubt that the technological area has generated eye-catching job packages for developers. However, what really surprises audiences is the economic level presented by new firms, nascent firms that do not have listed shares or compensation packages based on options at all, like the current preponderant players.
Wages are an indicator of momentum within the industry, which makes it clear that the demands of people who work at the next level of the internet, the Web3 it’s just growing by leaps and bounds.
No warranty
The Defiant notes that Although the salaries are high, this is not a guarantee since a part of the salaries is paid in tokens, the same way that Silicon Valley developed it when it offered shares to its developers as a payment method.An example of this is the publication made by Silo, which has a “basic salary” which is $300,000 dollars and the remaining $450,000 dollars is present in the form of tokens.
Of course, so far, there is no way to ensure that the nascent SILO tokens will maintain their value in the near future.
Likewise, it should be clear that Web3 Jobs, the platform on which the existing job position in Silo was made public, actually simply lists the maximum salary that a Solidity developer can have at $180 thousand dollars.
However, the base salary is $60K, so the difference seems to come from token-based incentives.
Web3 Engineers, You Are Paid Extremely Well
With all of the above said, it is clear that Web3 engineers are being paid extremely well for their activities, in addition to token-based compensation is very similar to stock option-based compensationwhich have been imposed for a long time in Silicon Valley.
It should be said that both models have the necessary format to provide the employee with the growth of the company over a period of time. Likewise, said stimulus provides common sense to employ workers who continue the development of Web3 projects, within a market where fortunes take little time to germinate.
However, one cannot ignore the fact that it is quite attractive and above all tempting to have the opportunity to earn more than half a million dollars a year as a crypto engineer, especially if you also consider the idea that Opportunities, unlike other work areas, are abundant in this case.
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