When cryptocurrency broke onto the scene, few understood how it would influence the world around us. Today, at the tail end of 2018, it’s quickly becoming a crypto world.
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Cryptocurrencies and blockchain are among the most talked about technologies in the world today.
The innovation in blockchain has opened the floodgates in the job market. According to Glassdoor, Bitcoin and blockchain related jobs have increased by 300%.
Crypto jobs are becoming more commonplace by the day. The momentum of the job market is unlikely to slow. A high volume of jobs with great salaries creates a perfect window of opportunity for talented job-seekers.
Let’s look at a few reasons why that’s the case.
Constant Media Coverage
For the past two years, the media has breathlessly covered blockchain. This has had both positive and negative consequences.
Negative: Unnecessary hype, investors who are under-educated in the technology.
Positive: Kindling interest from people who had no idea what blockchain was, helping to introduce the concepts of new technology in the mainstream.
Let’s focus on the positive: the increase of the public’s interest attracts more investors, and that momentum creates new opportunities in the industry.
Because of the media coverage, blockchain is perceived to be the future by many people. And you cannot build a promising future without a talented workforce.
The Increase in ICOs
An ICO (initial coin offering) is a mechanism for projects and businesses to fundraise. These fledgling projects sell their underlying tokens for bitcoin and ether. It’s a similar concept to the IPO, in which shares of the company are sold.
There are many ICO-based startups, and many of these have positions that need to be filled. New ICOs are being created by the day. And as these new projects sprout, they need talented people to help develop the project.
Check back for Part 2 of our series Cyrpto and the Job Market.