YEREVAN (CoinChapter.com) — A new report from Consensys reveals that 86% of Web3 professionals are optimistic about the future of crypto.
Despite the current regulatory uncertainty surrounding the upcoming 2024 US presidential election, Web3 workforce confidence remains high. The survey shows that Web3 professionals are largely driven by the values of blockchain technology, such as decentralization and freedom.
According to Sarah Howe, Executive Director of Talent Acquisition at Consensys, the industry’s workforce strongly believes in the transformative potential of blockchain. As a result, this belief drives many to remain committed to Web3. Additionally, Howe explained that many blockchain professionals are motivated by the opportunity to make a meaningful difference in the world through Web3.
“They are strongly driven by the mission of blockchain technology and the values behind Web3, which the survey highlights: decentralization, freedom, innovation, transparency, and self-sovereignty,”
Howe said.
Consensys Report: Crypto Payments and Web3 Workforce Preferences
The Consensys report also highlights a trend in the Web3 workforce’s payment preferences. The survey found that while 67% of Web3 professionals are currently paid in fiat currency, a growing number prefer to receive some or all of their salary in cryptocurrency. In fact, 51% of respondents said they would prefer a mix of crypto payments and fiat, while only 13% expressed comfort with receiving their full salary in cryptocurrency.
This growing interest in crypto payments reflects the wider adoption of cryptocurrency within the blockchain workforce. However, most workers still prefer the stability that fiat payments provide.
Remote Work and the Rise of Digital Nomads in Web3
Another notable trend is the increasing number of digital nomads in the Web3 industry. Over 75% of Web3 professionals identify as digital nomads, and 77% report working remotely. This naturally aligns with the decentralized nature of blockchain technology, which enables workers to operate from anywhere in the world.
Sarah Howe emphasized that the flexibility of remote work in Web3 is highly appealing to the workforce.
“Web3 workers generally value the independence that a Web3 career brings. Many of them are driven internally by their own ambition to create meaningful change,”
Howe stated.
The ability to work remotely and from different countries clearly plays a crucial role in job satisfaction for many Web3 professionals. In fact, the survey found that 74% of respondents said the ability to work from multiple locations is important to them.
Web3 Job Breakdown: Full-Time, Entrepreneurs, and DAO Members
The Consensys survey also provides insight into the job distribution within the Web3 industry. A significant 83% of respondents work full-time, while 13% identify as entrepreneurs, and 12% are members of decentralized autonomous organizations (DAOs). These figures reflect the diverse range of opportunities available to the Web3 workforce.
YouGov, the international data analytics group, conducted the survey. It gathered responses from 30 Web3 organizations, including notable entities such as the Ethereum Enterprise Alliance, the Blockchain Association, and the Texas Blockchain Council.
