How to become the talents needed by Web3 enterprises?

With the development of the digital economy, Web3 has become a new outlet, and major manufacturers and investors have focused on it. In the eyes of some people, Web3 can reshape the digital financial transaction system, change the global competition pattern, and achieve cornering overtaking on the future Internet. Among them, there are many top investment institutions Sequoia and A16Z, and the former even changed its profile to DAO at one point.

However, the news of layoffs from time to time has made people outside the industry daunting about Web3. For example, Coinbase previously announced 18% layoffs, with a scale of up to thousands of people. Of course, Web3 also has companies that are constantly opening up recruitment positions like Ouyi OKX.

Whether the legendary Web3 that can be distributed across the border is full of elites or grassroots, what kind of talents are currently What Web3 enterprises need becomes the information that most users want to know. To this end, Ouyi OKX and LinkedIn spent nearly 3 months, surveyed nearly 180 countries, and wrote the "2022 Global Blockchain Talent Report-Web3.0 Direction" report.

BlockBeats will use this report as a basis to interpret the Web3 industry for everyone.

China’s talent growth rate is low, but demand is strong

From a macro point of view, as of June 2022, the total number of blockchain talents has increased by 76% year-on-year. Among them, India, Singapore and the United States have the highest growth rates, respectively 122%, 92%, 62%, China is relatively low, only 12%.

While the total number of talents has increased, the demand for talents has shown a growth that far exceeds the supply. According to the data obtained from LinkedIn Talent Big Data Insights, the demand for talents in 2021 will increase exponentially compared to 2020, among which Canada will have the highest growth rate, reaching 560%. The growth rates of India, Singapore, the United States, and China are 145%, 180%, 82%, and 78%, respectively.

Although there is a big gap between supply and demand, in fact , except for technology and financial companies, most blockchain talents are mainly based on internal mobility. LinkedIn talent big data insight shows that from 2021 to now, talents are mainly cross-flowing among blockchain companies such as Coinbase, Crypto.com, Gemeni, and Ripple. The external inflow of talents mainly comes from well-known giants such as Wall Street and Silicon Valley, such as Goldman Sachs, JPMorgan, HSBS, Google, Microsoft, Facebook, etc.

From the perspective of the demand side and supply side of talents, blockchain talents are less restricted by regions, Everywhere is showing a trend of increasing demand. However, in terms of absolute numbers, developed countries such as the United States, France, and the United Kingdom still have an advantage. For countries with relatively prosperous financial and IT industries, there are considerable industrial advantages in cutting into blockchain and Web3.

Specific to China's blockchain industry, according to IDC research forecast, China's 2020-2025 The annual compound growth rate of the blockchain market will reach 54.6%, ranking first in the world. The compound annual growth rate of the global blockchain market will reach 48%.

In other words, China's current blockchain industry has a large demand for talents, but few talents enter the industry. The follow-up growth of China's blockchain industry is strong. Judging from the report, it may be a good choice for personal development to change direction and work in the Web3 industry.

The demand for core talents is mainly based on finance and R&D

Compared with Web1 and Web2, Web3 has a broader definition. At present, there is no strict definition of Web3 in the industry, but it has several obvious features, such as data confirmation and authorization, privacy protection, decentralized operation and so on. And these obvious characteristics determine the composition of the main talents in the industry.

From the perspective of the composition of talents in the global blockchain field, finance, research and development, business development, information technology, and sales talents are the most important talents in the global area. The top five talent types in blockchain.

Top five talents in the global blockchain field Among the types, the most popular subdivided occupations are cryptocurrency traders, software engineers, analysts, support analysts and account managers.

From the perspective of talent growth, the test Engineers, cryptologic technical experts, compliance analysts, designers, and support analysts ranked in the top five, among which, the growth rate of test engineers was as high as 713%.

From the perspective of talent composition and demand, it can be found that the development of the blockchain industry is still in the early stage, and a large amount of infrastructure is being build. The composition of blockchain talents mainly depends on the development of the industry. In the initial stage of industry development, a large number of basic jobs are often required, such as research and development, development, and product construction. If you want to wait for the development of the blockchain industry to become more mature before participating in this industry, you may be able to exercise your own capabilities in operations, marketing, and marketing.

At the same time, it should be noted that different countries and regions have more obvious demand for talents Due to the differences in talents, it is easy to produce agglomeration effect in the region, for example, a large number of engineers gather in Silicon Valley. While considering the city and career direction, you may also have to consider the fit between the city and the career. For example, in the field of blockchain, Singapore focuses on the recruitment of product managers and software engineers, while Hong Kong, China focuses more on product designers and user experience authors.

At the beginning of the talent competition, the number of master’s practitioners accounted for 40%

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Because the market demand for blockchain talents far exceeds supply, the average salary of blockchain practitioners has exceeded most industries.

According to Glassdoor, the average annual base salary for a blockchain developer in the United States is $91,000. According to data from the US Social Security Administration in 2020, the average annual salary of Americans is US$53,000, and the median is US$34,000. Similarly, in the "2021 Beijing Human Resources Market Salary Big Data Report" released by the Beijing Bureau of Human Resources and Social Security in November 2021, among the 30 new job salary rankings, blockchain engineering and technical personnel are the highest, and the annual median salary up to 487,000 RMB. The average annual salary of blockchain industry talents in key cities such as Beijing, Shanghai, Guangzhou, and Shenzhen is significantly ahead of the average annual salary of industrial talents in the city as a whole.

High salaries encourage excellent talents to gather in the blockchain industry. Currently, the bachelor's group in the global blockchain field accounts for 59%. Master's degree accounts for 40%, and the overall education level is relatively high. At the same time, the data shows that the top ten schools in the world for blockchain talents are all world-renowned institutions, including top universities such as the University of California, Berkeley, Stanford University, and Harvard University.

At the same time, many double first-class universities in China, including Central University of Finance and Economics, Tongji University, Zhejiang University, etc. blockchain course.

On the whole, the current blockchain industry is still in its infancy, and the policy support of various countries is constantly increasing, and talents The flow is frequent and the demand is huge. As a practitioner, in addition to hard indicators such as academic qualifications, you also need to continue to expand and extend your own capabilities, so as to continue to build core competitiveness. In Ouyi OKX's view, compared with blockchain knowledge and skills, enthusiasm for industry construction is a more scarce resource.

While this report guides the talents who want to enter the blockchain industry and the industry, it also sets the tone for the recruitment of OKX. OKX CMO Haider Rafique said, “The results of OKX’s research reflect our continuous expansion of our expectations. OKX’s determination to continuously innovate and improve users, as well as the best state of blockchain and Web3, allow us to continue to attract talent.” Even at present In a bear market, OKX still adheres to the policy of attracting talents from inside and outside the industry. Linda Tse, head of global talent recruitment, said that OKX still has 19,000 job applications open.

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