Sneha Mishra recently transitioned from Web2 to the all new world of Web3, where she is working on multiple projects and is an active community member.
Over the last few months, she has received multiple messages from founders who want to hire her. On email or LinkedIn we ask? On Discord (a voice, video and chat app), she replies.
Web3, the next version of the Internet, where services will run on blockchain, is not just disrupting how businesses will be built but also disrupting jobs and the future of hiring.
The hiring process barely takes a week compared to the months-long process in Web2 companies, and it is highly informal.
“Instead of multiple selection processes that go on for weeks, in Web3 it ranges from a couple of days to a week.” Mishra said.
Salaries are on a different scale too. While some firms pay in crypto coins such as Bitcoin and Ethereum, others pay through their own coins or fiat (currency).
Though Mishra did not reveal how much she earns, she said that the salary for her position could easily range between $2,000-$7,000 (Rs 1.5 lakh-Rs 5.3 lakh) a month, depending on the skill and experience.
Many founders and techies corroborated Mishra’s experience: $2,000 a month is the average pay of a rookie Web3 developer at the moment. It can go up to $7,000 for the experienced ones.
So, how do you get it? By sending a direct message to the team you want to work with or vice versa, or a referral, or show some proof of work and it’s done.
Web 3.0 was merely a buzzword until a few months back. A handful of companies like Polygon were working on this concept and it was yet to gain acceptance in the mainstream. A few months on, things have changed drastically.
Multiple projects have come up and more investments have been flowing into the country. For instance, the VC firm Antler India plans to deploy $100-150 million in more than 100 startups in India over the next three years. Reports peg that Web3 can help India contribute an additional $1.1 trillion in economic growth to its GDP in the next 11 years.
Tectonic shift
While this focus is bringing more people into the ecosystem, Web3 startups, dominated by the younger generation (Gen Zs), are also bringing in a cultural shift. As a result of this shift, hiring the right talent too is undergoing a tectonic shift. These hires mostly happen via Telegram, Twitter and Discord, where most of the Web3 communities are built.
Muskan Kalra, Lead Developer Relations, Polygon, says: “Hiring in Web3 is very informal. You see someone and like his/her projects, and if you want them to work with this team you simply approach that person.”
Resumes or education qualifications aren’t always a necessity, as companies look at Twitter, LinkedIn, and GitHub profiles. “We also check the GitCoin profile (a platform where you can get paid for working on open source software) sometimes. At times, you don’t even ask for the resume,” Kalra said.
Source: Money Control
