Web3 - The New Frontier

Web3 based on Blockchain and Token Exchange - move away from tech giants

Web3 (aka Web 3.0) is still evolving and being defined. There isn't a universally accepted definition of what it is. What is clear, though, is that Web 3.0 has a strong emphasis on decentralized applications and makes extensive use of blockchain-based technologies. Web 3.0 makes use of machine learning and artificial intelligence (AI) to help empower more intelligent and adaptive applications.

That process should eliminate the strangehold that the tech giants like Google and Twitter have on search engines, advertizing revenue and how indiviuals interact with the Internet. That being said, new roles and positions are now being defined.

What is the role of a Web3 Developer

Web3 developers design and build websites. The individual is responsible for the appearance of the site and technical aspects, site speed, and how much traffic the site can handle. Web3 Developers may also create site content that requires technical features. Web3 developers are also called full-stack developers if they do both front-end and back-end development.

The web3 core developer takes care of designing, architecture, and security for decentralized applications and blockchain systems. The Web3 developer as a core developer purpose includes:

  • Designing and developing layer 1 blockchain networks from the foundation
  • Tailoring security patterns and consensus protocols for application network
  • Designing network architecture and operational nodes
  • Monitoring the complete network

The work of a web3 core developer offers a viable foundation for defining the future of decentralized applications.

What is the role of a Web3 Analyst

The Web3 Analyst is responsible for the review, analyze, and evaluate processes, systems, and user needs for planned projects based on the business plan of the enterprise. The Web3 Analyst is involved in the development of business cases, facilitation of analysis workshops, the selection of the most effective solution, and the definition and management of User Acceptance Testing (UAT) to ensure enterprise operational and IT deliverables meet the requirements of the enterprise.

The Web3 Analyst assists the IT staff in understanding the enterprise’s operational needs for both automated and manual solutions to decentralized applications, business systems and procedures. The incumbent is involved in planning, organizing, and conducting detailed management analytical studies to define problems, identify deficiencies, and improve solutions which impact the enterprise’s effectiveness and provide the basis for management decision.

Web3 Blockchain Growth and Salary Trends

There has been a significant increase in the number of Web3 and Blockchain projects. This has resulted in an increase in the number of Web3 (Web 3.0) in the IT job market.

In 2016 we counted just over 2,000 Web3 developers. Based on the data and Janco's IT job market forecast, there will be over 35,500 Web3 Developers by the end of decade.

Number of Web3 Developers
Number of Web 3.0 Developers grows from just over 2K in 2016 to over 37.5K by 2030

At the same time salaries for IT professionals with Web3 and Blockchain experience is at the top of the pay scale with a median salary of over $125K.

Web3 Blockchain salaries
Updated with Janco's latest compensation data

 

Web3 Blockchain Job Description Bundle

All of the key job descriptions for Web3, Blockchain, and token processing job descriptions are included in this bundle.

Web3 Blockchain Job Description Bundle