Web3 is an emerging industry that connects traditional finance with blockchain technology. It has the potential to revolutionize how we use money and transact online. This article will explore careers and salary ranges across different roles.
Web3 careers and their salaries
The salaries for Web3 professionals vary widely depending on the experience level, location, and type of job. Generally, tech roles pay higher than business and legal roles.
Backend Developer
Back-end developers work on the structure of Web3 applications and they use Java, Node.js, Python, or other technologies. In Europe, annual base salaries range from an average of $85,000 to a maximum of $125,000 for high-skilled positions.
Remote roles also command higher wages, with an average of $102,300 and a high base salary of $125,000. Companies based in the US offer slightly more generous remuneration, with an average base salary of $110,000 and a maximum base salary of up to $140,000 available to highly sought-after applicants.
Blockchain Developer
Blockchain developers use public and private technologies to design, implement, and maintain blockchain networks. The average base salary for a blockchain developer in Asia is $87,500 per year, with a low base salary of $60,000 and a high base salary of $120,000.
In Europe, the average is lower at $73,300 per year; however, remote blockchain developers appear to benefit from higher wages of an average annual base salary of $123,750 with a low base salary of $70,000 and a high base salary at just below $200,000. In the US, where it is most prolific, the highest average base salary goes to blockchain developers there at $136K per year.
Blockchain Engineer
Blockchain engineers are responsible for designing, developing, and maintaining the architecture of the blockchain. They work with public and private blockchains such as Hyperledger Fabric or Ethereum. In Asia, base salaries for engineers typically range from $60,000 to $120,000 annually. Engineers in Canada can earn similar wages to their Asian counterparts – an average of $86,000 – although the low base salary starts to represent slightly higher potential earnings than in Asia (at $60,000).
Europe has somewhat lower salary levels at an average of $80,700 per year and a lower base level of only $51,000 – perhaps due to wider economic conditions in certain areas. On the other hand, remote engineering roles fetch high returns; they offer an average salary of over $128,000 compared with only $127,000 for on-site engineers in the US.
Frontend Developer
Front-end developers build the user interface of Web3 applications. They use HTML, CSS, JavaScript, and other programming languages to create the visual elements of an application.
The average base salary for a blockchain frontend developer in Europe is $70,000 per year, with a low base salary of $45,000 and a high base salary of $100,000.
Despite not being as competitive as in the US market — remote or local — where salaries reach $115,000 on average, this still presents long-term security and investment potential. Meanwhile, those engaging in blockchain development remotely can expect their salaries to surpass European wages nearing $85,000 — with the highest rate reaching $100,000.
Those seeking work in the United States reap the most opportunities for gainful employment, with average salaries of up to $145,000 and an encouraging minimum wage of $65,000 for entry-level endeavors.
Full Stack Developer
Full-stack developers possess expertise in both front-end and back-end development. As a result, they can develop the entire infrastructure of a Web3 application. In Canada, these professionals can expect to earn an average base salary of $62,500 per year, with a low base salary of $40,000 and a high of $90,000.
Europe offers similar earnings with an average base salary of $66,000 per year, with a low base salary of $45,000 and a high of $91,000. Remote blockchain full-stack developers command even higher wages at an average base salary of $90,000 per year, going up to a high of $110,000 – significantly more than their counterparts in Europe and Canada.
For those based in the U.S., blockchain full-stack development is among the most lucrative professions today, boasting an average base salary of $100,000 per year, up to a maximum of $115,000.
Graphic Designer
Graphic designers create visual assets for Web3 applications. They develop the images, text styles, color palettes, and overall designs used in a given application.
Blockchain graphic designers are increasingly in demand across Europe and the US. With an average base salary of $74,000 per year in Europe and $70,000 per year in the US, these professionals have the potential to earn an income commensurate with expertise.
On the higher end, salaries can reach $97,000 annually in Europe and $85,000 in the US. Regardless of geographical location, blockchain graphic designers get compensated for their skills and creativity.
Product Designer
Product designers are responsible for creating the overall user experience of an application. Therefore, they must understand user needs and develop a design that meets those requirements.
For those based in Asia, the average base salary is $76,500 per year, with a low base of $64,000 and a high base of $89,000. Those working remotely can expect to make up to $100,000 annually, with low and high floors at $90,000 and $110,000, respectively. Lastly, blockchain product designers in the US have an average base salary of around $112,500, ranging from $90,000 to an impressive $140,000 at their peak.
Software Engineer
Software engineers are responsible for developing the core functions and features of a Web3 application. In addition, they create applications using coding languages such as Ethereum Solidity, JavaScript, and Python.
In Canada, the average base salary for a qualified blockchain software engineer is $90,000 per year, ranging from a low of $60,000 to a high of $120,000. For those in Europe, the average is an impressive $94,000 per year, between a low of $71,000 and a high of $136,000. It’s even higher still for minor roles – with an average salary of $107,000 per year and wages ranging from the low of $60,000 to an incredibly significant top-end pay of up to $160,000. Last but not least, for blockchain software engineers based in the United States – good news! The average salary here definitely does not disappoint at an impressive figure of $119,000 annually – with a low to high range from $70,000-$175,000!
Solidity Developer
Solidity developers work exclusively with the Ethereum blockchain, using the Solidity programming language to develop smart contracts. Therefore, they must have a deep understanding and experience in coding languages such as JavaScript and Python to build advanced Ethereum blockchain applications.
For example, Solidity developers typically have an average base salary of $125,000, while remote Solidity developer salaries tend to be slightly higher at an average of $145,000 annually. US-based solidity developer salaries fall in the middle range, with an average annual salary of $127,500. Low wages can range from $80,000 to $200,000 depending on experience level and location.
UI/UX Designer
The UI/UX designer creates a seamless user experience in a Web3 application. Therefore, they must ensure that the design of an application meets its functional requirements while also considering user navigation and aesthetic considerations.
Blockchain UI/UX designer salaries can vary significantly depending on location. In Canada, the average base salary is $55,000 per year, with a low of $45,000 and a high of $65,000. Europe has an annual average wage for blockchain UI/UX designers of $77,000, with a low base salary of $50,000 and a high base salary of $110,000.
Remote blockchain UI/UX designers can expect to earn an average annual salary of around $75,000 annually, with lows of $40,000 and highs of up to $110,000. The highest salaries are in the United States, where the average annual salary is $107,500, low as $80,000, and highs at up to $140,000.
Business Development
Business development professionals are responsible for developing and maintaining relationships with customers and partners. Therefore, they must have an in-depth understanding of the blockchain industry and be able to identify business opportunities and develop strategies to capitalize on them.
The base salary for a blockchain business development person in Asia is impressive, at an average of $105,000 annually. However, this figure can be higher depending on the position – with a high base salary of $120,000. The situation can look even more promising abroad in the United States, as the average base salary for a blockchain specialist is $122,500, with a varied range of $90,000 – $150,000.
Community managers are responsible for managing and engaging with the users of a blockchain project. Therefore, they must have exceptional communication skills, be familiar with online platforms such as social media and blockchain forums, and keep up-to-date on the news related to their organization’s industry.
Across Europe, the average base salary is $57,000 annually, although wages range from $40,000 to $80,000 depending on experience and position. Remote work comes with even higher rewards – at an average of $61,000 – while US-based workers can earn up to a very substantial $120,000 per year.
Customer Support
Customer support specialists handle customer inquiries, providing help and assistance to ensure their satisfaction with the product. They must have excellent problem-solving skills, knowledge of blockchain technology, and an understanding of customer service procedures.
A career in blockchain customer support can be lucrative, especially for those living in the US. The average base salary for those professionals is $77,500 per year, with a low base salary of $55,000 and a high base salary of $100,000.
This figure is lower in Canada and Europe; blockchain customer support personnel typically earn between $35,000-$45,000 and $40,000-$68,000, respectively. Those interested in working within this field should research local salaries and job market opportunities to ensure they are making an informed decision regarding their career.
Office Manager
Office managers are responsible for providing administrative and operational support to a blockchain company team. Therefore, the office manager must be organized, know office procedures, and have excellent communication skills.
Blockchain office managers in Europe have an average base salary of $40,600 per year, but salaries can range significantly, going as low as $24,000 and as high as $63,000. For those working remotely in the same field, wages are slightly lower than their European counterparts, with the average salary at $40,000 and variations from $25,000 to $55,000. The US offers higher wages for this role, with an average base salary of $59,000, ranging from $40,000 to $75,000.
Other famous Web3 roles include:
- Content writers: Write content related to Web3 topics, such as tutorials, news articles, and blog
- Token economist: Develop and manage token economics for Web3 projects.
- DeFi analyst: Analyze and develop DeFi projects, protocols, and strategies.
- Non-fungible token (NFT) curators: Curate and manage collections of digital art, music, and other non-fungible tokens.
- Blockchain lawyer: Draft and negotiate contracts, terms & conditions, and other legal documents related to Web3 projects.
- Crypto crime investigator: Investigate and prosecute cases of fraud, money laundering, and other crypto crimes.
Conclusion
The blockchain industry is constantly evolving, and opportunities for those willing to explore it. With salaries ranging from $24,000 – $150,000 per year, Web3 professionals have the potential to earn a comfortable living. Be sure to research before embarking on this career path.
Source: https://www.cryptopolitan.com/careers-and-salaries-in-web3/