In 2021, Blockchain was the most valuable skill and the blockchain developer salary had a 33-time increase compared to 2020. And high demand means higher salaries. In this article, I’ll tell you how much you can make as a Web3 developer.
So the salary of Web3 developers can vary depending on their experience, skill set and location. So in general, of course, the more years you spend working as a web3 developer, the better you can earn. So let’s take a look at this survey from the Bureau of labor statistics in the US. So. For the entry-level developers, they put 53,000 dollar mid-career, $100,000 Web3 lead career, $155 thousand for web3 manager role. Let’s see in detail below.
Web3 has transitioned into a catch-all word for the notion of a new and improved internet. Web3 employs blockchains, cryptocurrencies, & NFTs to return power to users in the form of ownership. To phrase it correctly:
- Web1 was read-only
- Web2 is read-write
- and Web3 will be read-write-own.
But no art is possible without its creators. Similarly, all the power that web3 has comes from its developers. Web3 developers have been in high demand since the shout-out to this technology. And there is no doubt, blockchain, crypto, NFTs, etc are great fields to earn some money while developing amazing applications.
So, if you are curious about web3 developer salaries and what skills they require, this guide is for you. Keep reading because we are about to find out.
What Do Web3 Developers Do?
Speaking honestly, web3 developers are not like other developers, they are the rarest of their breed. Also, what web3 developers do realize is what they are working on. They can work on various things like:
- DeFi
- NFT
- Metaverse
- GameFi…………….. And so on.
In some ways, the role of the web3 developer is similar to that of a business developer. A developer may have to become anything from a salesperson, or a fundraising manager, to someone who is in charge of forming alliances and PR collaborations. The set of tasks that a developer can do varies from instance to situation.
Levels Of The Web3 Developers
Depending on the knowledge and experience of the developer, they can belong to different categories. For instance, you can name them here:
Full Stack Developer
Web3 full-stack developers can hold proficiency of using both the front-end and back-end technologies that comprise building a web3 website.
Usually, full-stack developers are well-versed in both front-end and back-end languages and frameworks, as well as servers, networks, databases, and also other hosting platforms.
A web full-stack engineer can have several years of experience working in a variety of positions to achieve this breadth and depth of knowledge. Sometimes a full stack developer also includes knowledge in both business logic & user experience, which means they can not only get hands-on but also guide and consult on strategy.
Developer
Slightly they have less experience than the full-stack developers but that doesn’t mean they lack the set of skills that are needed to be a full-stack developer. Instead, it is just that they have worked comparatively on the low number of projects that a full-stack developer has.
Entry Level Developer
Entry-level developers have the least experience among all the developers, they are still in the learning process, which means they don’t know the technologies, as well as the developer or the full stack developer, will do. That is why you will often see the paid less than the other two categories of developers.
| Position | Max Yearly Salary | Avg Yearly Salary | Min Yearly Salary |
|---|---|---|---|
| Blockchain Developer | $180k | $100k | $50k |
| Smart Contract Developer | $200k | $120k | $65k |
| Solidity Developer | $180k | $100k | $59k |
| Rust Developer | $190k | $120k | $60k |
| Mobile Developer | $200k | $114k | $51k |
| Node Developer | $160k | $100k | $60k |
| Golang Developer | $160k | $97k | $50k |
| React Developer | $170k | $100k | $50k |
| Front End Developer | $160k | $90k | $50k |
| Full Stack Developer | $195k | $100k | $60k |
| Backend Developer | $200k | $100k | $55k |
| Java Developer | $160k | $67k | $30k |
Pay Scale For Web3 Developers
Depending on the various factors the pay scale for the developers can vary. Out of many, these factors: years of experience, skills, and the country yield the most impact on the pay scale level.
Also, as you know, web3 is growing increasingly popular among developers, which doubles the impact of these variables on the pay scale.
A web3 developer in USA can earn well from $70,000 to over $230,000 per year.
The compensation for a typical Web3 developer can vary in the United States, India, Europe, and the rest of the world. The salary of the developer can reach anywhere between 6-7 figures.
The Reason Why The Prices Are High For The Web3 Developers
Also, you can find roughly 4M+ worldwide whereas Web2 developers are estimated to number 32M – 64 times more. So, you can apply the basic principle of economics here which states that “When demand is high, and supply is limited, the price goes higher.” The same happens with web3 developers.
The growing popularity of Web3, DeFi, and decentralized initiatives create a demand-supply gap, substantially increasing the price of locating and employing a competent web3 developer.
You can try to sum up in more readable terms, the prices are higher for the web3 developers because-
- It’s difficult to find web3 developers.
- Web3 developers include high complexities.
Average Scale For The Web3 Developers According To The USA and India
Both of the countries have a huge difference in the pay scale depending on the economic conditions of the country. So, the guide will not compare the compensation driven in both of the countries, rather it will try to list the parallel.
Salary for Web3 Developers in USA
Typically, web3 developers receive from $100,000 to $142,000 based on their skills.
Web3 Salaries in the USA by Developer Type and Programming Language
You can also determine the salary ranges depending on the technology, programming language, years of experience, location, and seniority as the guide has mentioned before.
- Rust developers earn between $120,000 and $190,000 per year.
- A lead developer earns between $142k and $220k per year.
- North American developers earn between $120,000 and $200,000.
Java developers are paid the least. Their yearly compensation averages $67k, with a minimal base salary of $30k and a maximum salary of $160k. Rust developers earn the highest average annual pay of $120k, with a minimal base salary of $60k and a maximum compensation of $190k.
Web3 Salaries In the USA by Seniority
Lead developers earn the highest average annual pay of $142k, with a minimal base salary of $80k as well as a maximum compensation of $220k.
Junior developers are paid the least. Their yearly income averages $60k, with minimum basic pay of $10k as well as a maximum salary of $120k.
Web3 Developers Salary in India
India has comparatively lower salaries in contrast to America. The cost of living in India is 65.25% lower on average than in the United States, so you are about to see some of the crazy salary differences.
Web3 Salaries in India by Developer’s Experience
In India, the average compensation for a web3 developer in India with 0 to 2 years of experience is 801,938 per year, or $11,000, and it rises to $40,000 for developers with 6 plus decades of work experience.
Skills Required To Become a Web3 Developer
The peek at job prospects for web3 developers, as well as the intricacies of web3 developer tasks, set the ideal tone for any newbie looking for the greatest web3 careers. For newcomers, the obvious question of “Where to start from.” Then, here are the skills that you want to learn to become a web3 developer.
Fundamental of The Blockchain
The first entry in the required skill to become web3 developer should be obvious–Blockchain. Blockchain is an immutable, decentralized, and public database owned by users. The database holds information in the form of sequential blocks that are linked together using hashing methods.
So, you want to learn this technology on top of the list as it will teach you all the basics of web3.
Know The Front and Backend Development
Web application development necessitates a variety of abilities. The front-end developer takes the responsibility for the user-facing elements of a website, whereas the back-end developer holds account for the code that regulates how the site loads.
A full stack developer handles a little bit of everything, but it’s critical to establish solid foundations on which to build. Candidates with broad web development abilities will stand out in the web3 employment market.
However, blockchain & web technology demand a very distinct skill set, so blockchain developers are experts in both. Blockchain core developers are responsible for developing the blockchain architecture, designing the consensus mechanism, and implementing high-level Blockchain network decisions. They must include :
- Hash functions.
- Global ledger technologies.
- Merkle or Patricia Trees must all be acquainted with them.
They must also be well-versed in distributed ledger technology & cryptography. No doubt blockchain is important for Web3.0 developers since it can run cutting-edge DApps and entire backends in addition to cryptocurrency.
Learning about blockchain and cryptocurrency applications, for example, do necessitate the need to have a hold on the programming language Solidity. Front-end developers will benefit from the training as well, as they apply their existing expertise to Web3 apps.
Technologies Involved In The Web3
Just to get a clear picture, you can also expect the following technologies along your learning path on the web.
- To experience Web3, use Augmented Reality (AR/VR).
- Web3 will be automated by AI.
- Web3 transactions will be managed via blockchain.
Web3 is not a technology or business strategy, but rather a collection of tools and approaches that function together, so you might also be getting a glance at these technologies.
Why Choose A Career In Web3?
Despite all the outrage and criticism, web3 has gained wide popularity.
Innovative brains like yours should look out for the job chances that the Web3 experience presents. On that note, there are many key career opportunities in Web3 that might pique your interest.
Web3.0 technology is a rapidly growing field, similar to the dot-com period of the early 2000s.
As a web designer, you will be a part of Generation Z’s dot-com era. Web 3.0 developers will have a prosperous profession in the digital age, thanks to all of the innovative technologies and thriving startup settings. Web3 will change the course of almost everything that exists now. So, the ones who grab the opportunist now will always stay ahead. A job as a Web3.0 developer could be just what you’re looking for to stay relevant and competitive. You can become anything from a solid developer to a fashion designer on the web3– anything.
These were all about the web3 developer salaries and the skills required to become a web3 developer. Thanks for reading.
Web3 Developer Salary by Location
| Location | Yearly Salary of Web3 | Max Yearly Salary | Min Web3 Developer Salary |
|---|---|---|---|
| North America | $120k | $200k | $70k |
| Remote | $109k | $190k | $60k |
| Oceania | $85k | $120k | $60k |
| Europe | $73k | $130k | $33k |
| Asia | $45k | $109k | $15k |
| South America | $42k | $48k | $36k |
| Africa | $27k | $45k | $15k |
The maximum salary for a Web3 Developer is $100k per year, with a minimum base salary of $50k and a maximum of $180k.
In India, the average compensation for a web3 developer in India with 0 to 2 years of experience is 801,938 per year, or $11,000, and it rises to $40,000 for developers with 6 plus decades of work experience.
In USA, Web3 developers receive from $100,000 to $142,000 based on their skills.
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