Salaries in the crypto world

A recent Crypto Jobs List analysis of Angel.co data has shed some light on the amount of salaries in Web3 and the crypto world in general. It takes the current year as a reference and looks at three data points in particular, the average salary of this asset, the average salary of the top 10% of the highest salaries and its counterpart of the lowest.

The evolution of the cryptocurrency market

As the world embraces the cryptocurrency asset in an increasing way, it has become apparent that this sector is a hotbed of highly skilled professionals and that earning money from cryptocurrencies may not be an investment-only prerogative.

From 31 October 2008 (the date of the first post on a Bitcoin mailing list) to the present, the world of cryptocurrencies has come a long way, their spread which started quietly over the past five to six years has experienced exponential growth that has brought it to a total market capitalization of about $1 trillion.

The opportunities offered by the sector have attracted more and more investors until even institutions and states themselves realized that the asset was becoming too big to pass up and began to invest in it with CBDCs, investing significant amounts and regulating so as to benefit from it.

Thus, not simply Bitcoin or Ethereum, nor only altcoins or meme coins, this world is made up of revolutionary technologies, skills, passion, and above all, more than ever, by humans.

In an increasingly technologically advanced world, blockchain and cryptocurrencies are marching at a rapid pace in society even in fields such as privacy, programming and research, and they need more and more manpower because behind this world there are financial operators, programmers, electronics experts, traders, lawyers, content creators, designers, accountants, YouTubers, Twitchers, etc. who contribute to the expansion and operation of the whole asset.

Cryptocurrencies act as performance generators from the performance of the target market, how their financial instruments or NFTs perform, but they also produce wealth because of the jobs they provide.

Salaries earned in the crypto and NFT sectors

The salaries at the base of the statistics are 3329 and based on the above they yielded that the average salary in this sector is $92,000, the average salary of the lowest 10% of salaries is $23,000, while the highest paid can be as high as $165,000 per year.

One important thing to point out is that the ones just provided are numbers that are independent of profession and role that do not offer sufficient detail as a yardstick for comparison with other jobs in other industries, but they can give an idea of what this world is like and can be useful for comparing salaries for equal work between companies in the same industry.

For example, average salaries in Ethereum exceed the average salaries in the crypto industry by 0.2 to 4.35 times, but despite this they do not get the Gold Medal of the highest paid salaries at the senior level that belongs instead to the NFT niche where one can easily reach $360,000.

The high demand for programmers as well as clerks and content creators is causing average salaries to level upward, an emblematic example being some companies that are currently queens of hiring such as MetaMask (the famous crypto wallet) where average salaries are the highest in the industry and stand at $159,167 per year, Chainlink (average salaries 56% higher than the average) and OpenSea which pays an average of $128,333 per year for services performed.