Tuesday, February 18, 2025

Future of Crypto: Optimism High Among Web3 Professionals, Consensys Report Reveals

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Originally published on: September 10, 2024

According to the latest report from Consensys, over 86% of Web3 professionals are optimistic about the industry’s future, despite regulatory uncertainties ahead of the 2024 US presidential election.

Sarah Howe, executive director of talent acquisition at Consensys, cites the potential of making a “true difference in the world” as the primary reason for this widespread optimism among Web3 professionals. The report also highlights that over 75% of the workforce remains employed in Web3 due to the promising potential of blockchain technology, indicating a positive outlook for continued innovation in the industry.

Interestingly, most Web3 professionals expressed a preference for receiving more of their salary in cryptocurrency, with only 10% currently being paid in crypto. The survey, conducted by the international data analytics group YouGov, gathered insights from 30 Web3 organizations, revealing that 51% of respondents preferred a mix of fiat and crypto payments.

Furthermore, the survey found that the Web3 workforce is predominantly global, with 77% of respondents identifying as remote workers and embracing a digital nomad lifestyle. This lifestyle aligns with the industry’s core values of decentralization and autonomy, offering new opportunities for global job prospects and greater control over employment status.

The majority of respondents (83%) were full-time Web3 employees, with entrepreneurs and decentralized autonomous organization members making up the rest of the workforce. This data underscores the growing optimism and enthusiasm within the Web3 industry, despite external uncertainties and challenges on the horizon.

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