survivors – Some web3 profiles continue to attract strong interest from crypto companies, although bear markets persist.
June 2022: web3 developers sheltered from the crypto storm
While the crypto winter has shaken some giants in the sector, who have had to lay off some of their staff to stay afloat from a financial point of view, others are rolling out the red carpet to welcome new talents.
In its tweet of June 14, the platform for connecting web3 developers with crypto companies, CryptoCareers, pointed out that several of its partners “ are always looking for developers : Rust, Solidity, React, NodeJS”.
To illustrate a certain contrast in the sector, CryptoCareers then recalled that several cryptocurrency exchanges had “announced large layoffs recently”, advancing the referral rates of 18%, 10%, 5%, 20%, respectively for Coinbase , Gemini, Crypto.com, and BlockFi.
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July and August: markets still in the red, gray matter in the green
The last two months, July and August, have not seen the return of good weather on the markets and in the crypto industry in general. The bankruptcy of the Voyager Digital crypto exchange or the bankruptcy of Zipmex are just a sample of the news that has recently marked the dynamics of the sector.
The crypto markets remain in the red, with a recovery that is long overdue. To give the temperature, the price of Bitcoin has returned to around $20,000, and is showing signs of fragility that could bring it well below this level.
The situation has therefore not improved since mid-Junebut it does not prevent crypto companies from chasing certain skills that remain essential, if they wish to survive until spring, to grow during the summer.
Given these challenges, even Voyager Digital, which is currently crumbling under a mountain of debt, has asked the courts for authorization to implement its retention plan, which aims to retain key employees within the company. , upon payment of bonuses amounting to millions of dollars.
The sky is still tinted red, in the colors of bearish candlesticks, but crypto businesses stay that way fond of gray matter. Recently, Kevin Gibson, founder of crypto recruitment firm Proof of Search, told the media Cointelegraph, that there was “still a lot of demand” for workers in sectors like GameFi, metaverse, “decentralized finance and NFT-oriented companies. »
In these uncertain times for the industry, demand is even exploding for this web3 profession essential to the survival of crypto companies, which are ready to put on the table, more than attractive remuneration, for people who have this skill. vital.
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