Who are Web3 Developers?
An exciting new group of developers called Web3 developers has recently emerged in the tech sector. They are essentially web developers who specialize in blockchain applications. The web3 tech stack’s concepts give the technology sector a new, exciting breadth. This group of developers is unique.
But before we can truly understand web3 developers, we must first grasp what web3 is all about.
With Web3, identity is no longer tied to any particular platform and is instead bridged between the blockchain and your browser.
To enable new tech business and social concepts, it uses a technology stack built on a decentralized blockchain. The development of decentralized applications that allow users to contribute their data is made possible by Web3, which also offers new web protocols and infrastructure.
Can we, therefore, create these decentralized applications without Web3 developers? Without web3 developers, is it possible to decentralize the internet? You must already be aware of the answers to these queries.
This is where web3 developers play a major new role. They are responsible for coding all these dApps sprouting everywhere, making them available, and solving any issues users may encounter.
What types of projects are best suited for Web3 developers?
It goes without saying that Web3 creates new possibilities and business models.
In fact, any decentralized software application can be created using Web3. In a diverse range of industries, there are already active examples of innovative and exciting projects that are gathering steam of user attention.
- Social networking: Although decentralizing social networks is proving to be difficult, there are currently 4.4 million users worldwide.
- DeFi applications such as Gemini, which supports more than 40 different currencies and has already made millions of dollars in loans, or cryptocurrency trading platforms such as Uniswap. There are over 300 integrations and $950 billion worth of trade volume on Uniswap.
- Various marketplaces: All those seeking to monetize NFTs can do so on OpenSea, which also facilitates the trading of NFTs. Origin is a P2P trading platform with a $215 million market cap.
- Security dapps: Chainlink and QuantStamp make use of the privacy that Web3 offers.
- Storage: notable examples are Storj and Sia.
In conclusion, Web3-related technologies are now widely applicable in a wide range of applications. With the help of blockchain protocols and smart contracts, it enables each user to exist in their own tiny corner of the Internet.
A Web3 developer’s typical duties include designing, creating, and maintaining API and SDK. It could be a full-stack engineer or a group of Web3 experts (such as a separate backend developer, smart contract developer, etc.).
Why is the pay for Web3 developers so high?
Web3 programmers are well known for their high salaries. A potential Web3 engineer income can rise to $500,000, per Web3 Jobs. For a remote Solidity Engineer, some positions have a top salary range of $750,000. So why exactly Web3 salaries are so high compared to others?
Although the labor market does eventually adjust to the demands of the industry, Web3 is still a relatively new phenomenon. Especially in the areas of the world where the major IT business capitals are located (USA, Western Europe), demand today clearly outstrips supply.
As a result, there are not enough skilled Web3 coders. Additionally, despite the fact that the number of developers is consistently increasing, demand is only increasing.
Around 500,000 Web3 developers are thought to be active globally, and 18,000+ of them work actively each month, according to a report from Electric Capital. Why then should you join this group of specialists? Despite the staggering number of 500,000 web3 developers, this market is far from being saturated.
If you want to build on blockchain technology, both financially and technologically, it might be time to think about taking the plunge into Web 3In addition, the Web3 industry is still developing. Making the first move as a web3 software engineer at this early stage may therefore prepare you for a career path that will change your life..
You gain an advantage in your career and in society when you have the capacity to predict the financial and technological landscape.
Furthermore, the Web3 sector is still in its early stages. As a result, making the first step as a web3 developer at this early stage might set you up for a life-altering professional path.
Web3 Developer Salary Based on Role.
Whether it’s a frontend, backend, blockchain, or cloud, programmers are skilled coders who are experts in a particular field. You’ll likely need a variety of programmers to complete a project, each of whom would focus on a different task.
Full-stack Web3 Developer
Developers who are proficient in all aspects of software development are known as full-stack developers. They are DevOps and Designers, Troubleshooters, and Architects, and they can work as frontend or backend engineers. Their best description is that of multitasking.
- Core Blockchain developers
Average salary: $170,000
- Front-end web3 developers
Average salary: $74,000
- Blockchain developers or Smart contract developers
Average salary: $85,000
- Full-stack web3 developers
Average salary: $100,000
Web3 Developer Salary Based on Country
When it comes to IT services, the United States is the most competitive industry. The majority of the talented developers are already working on significant projects because of the high number of high-tech start-ups and corporations, which explains why it can be difficult to locate a free programmer with experience.
How much money does an American Web3.0 developer make? In the USA, a senior blockchain professional (4-6 years of experience) is eligible for a salary of $120,000 per year. However, the numbers can go as high as $150.000 in some places.
The European region can be conditionally divided into two: employer countries (Great Britain, Germany) and outsourcer countries (Croatia, Poland).
For performance compared, the cost of a senior blockchain professional in the UK is $120,000, which is the same as the cost in the US. For the same amount, a developer in Germany could be hired.
Web3 programmers who have the same expertise and abilities can be found in Croatia for just $96,000. It costs $101,000 in the Czech Republic, which is a little more. For the same prices, Ukraine provides.
Being a web3 developer has just got so much better. Thanks to you and dipprofit.
Here’s a fact: The best web3 developers can earn as much as $1M/year. Remote jobs are on the increase in contract work, and in web3 which makes it easier to work for more than a single company. Check out our updates on remote tech jobs