Despite rising learning platforms, crypto industry facing shortage of right talent

economictimes.indiatimes.com:

crypto majors, active in the industry. Industry experts said that there is a dearth of knowledgeable people with required skill sets and the majority of the newly recruited talent learns on the job itself, which takes about a quarter. «There is a massive migration of top talent from mega employers in Silicon Valley (Google, Amazon and Facebook) into the web3 ecosystem due to lucrative pay packages and exciting opportunities,» said Melbin Thomas, Co-founder, Sahicoin.

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Web3 is not only opening up new avenues for the non-engineering talent, but also creating new roles in business, marketing, community development, financial asset management, and data analysis, he added. With the shortage of talent, crypto companies are looking out for the talent which has core traditional skills including communication, data analysis, financial modelling, and regular coding. «The sector is growing at an exponential rate. In the past year, crypto job postings globally went up by 400 per cent,» Thomas added with an expectation of increase in numbers in the coming years. Market experts said that blockchain, crypto and web3 are facing a shortage of talent globally. Web3 is at the intersection of technology, finance, and economics and is getting highly paid across the globe, they argue. Anuj Kapoor, Assistant Professor of Marketing, Indian Institute of Management Ahmedabad (IIM-A) said that blockchain is among the most desirable and fastest growing skilled jobs in this field, with an astounding rate of 2,000-3,000 per cent. «Blockchain developers' remuneration is 50-100 per