It was a very lucrative moment to be a blockchain or cryptocurrency developer in 2021 and early 2022. Expectations have become considerably more clouded since then. Yet, if you seek in the correct locations, the remuneration in cryptocurrency is still rather alluring.
While large companies like Coinbase and Kraken were formerly the locations to look for income, smaller cryptocurrency companies are now the most giving. A lot of smaller organizations are hiring for a limited number of positions, according to Rob Paone, CEO of the cryptocurrency recruitment agency Proof of Talent.
Experience is Important to become a Blockchain Engineer
These jobs frequently include being founding engineers, and these come with the highest pay. According to Paone, “We recently hired a founding engineer at a business with a salary at the $250 level. Then, depending on how well the firm does, they might receive anything from 1% to 3% stock plus tokens.”
But breaking in could be difficult if you haven’t already worked with crypto. According to Paone, “there’s been a lot of turnover in the business, so a lot of the placements we’ve done lately have been from one crypto firm to another.”
The overall applicant profile seems to be more specialized. There has been a very strong demand for crypto native jobs and solidity developers, and the candidates they are considering include “extremely sophisticated” engineers and cryptographers, even those with PhDs in Cryptography.
There are Specific Needs in the Field
According to Paone, there is a specific need for people with expertise in blockchain scaling initiatives like optimistic rollups. Some of them can still make good money at the big companies. A security engineer at Coinbase reported a $237k base salary in February on Levels.fyi, whereas a 7th-tier front-end developer with 12 years of experience claimed to make $920k (the salary alone is just $278.5k).
But this does not imply that all pay at large companies is increasing. An engineering manager at Gemini in New York may make between $227k and $318k per year, according to a research published in November; as of right now, the greatest compensation range is between $198k and $277k.
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