Acceleration in Crypto Blockchain and NFTs Job Listings: Indeed
NFTs, cryptocurrencies and blockchain professionals have become more sought after in the job market, especially after COVID-19 pushed up technology adoption.
NFTs have been the talk of the town for a while now. In May, cloud company Akamai Technologies, Inc. unveiled the first NFT artwork dynamically designed by the Internet. In fact, based on data obtained from Akamai, the NFT will visually evolve in real time as Internet traffic changes and cyber attacks begin.
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This turmoil in the market has led companies to seek experts in NFT, crypto and blockchain.
Research released today by job portal Indeed shows that cryptocurrency, blockchain and NFTs job postings have grown 804% between April 2020 and April 2022. The data also reveals an acceleration in market demand by 315% in 2022.
Right now, Totality Corp, an NFT gaming company has hired more talent across levels to drive growth. Unity, frontend and Android development are some of the areas that the firm is looking to hire.
In fact, a glance at Google shows 209 NFT jobs on LinkedIn, 165 on Naukri.com and 72 in Monster India.
Post-Pandemic Tech Adoption a Catalyst
Job postings in April 2022 were 15 times more than in 2019, underscoring the role of the pandemic in this sustained growth as a driver of technology adoption across functions in India. As a result, technology professionals are more in demand than ever before, especially with expertise in newer areas such as cryptocurrency, NFTs, and blockchain.
As a technology-first economy, Indian firms are rapidly investing in technologies that will put the country at the forefront of this new digital era
The top job across this field is application developer, followed by computer engineer and full stack developer. In fact, data also shows that crypto roles appear to be one of the largest share of hires in general technology job roles, increasing from 41.22% in 2019-2020 to 67.48% in 2021-2022.
Sashi Kumar, Head of Sales, Indeed India said: “As a technology-first economy, Indian firms are rapidly investing in technologies that will put the country at the forefront of this new digital era. Technology hubs such as Bengaluru and Hyderabad continue to lead in hiring in the sector, while the The national capital region also sees a good deal of interest in the sector.”
Scaling issues remain
But even though crypto, blockchain and NFTs job postings have increased, they still have scaling and security issues. Nevertheless, sectors such as finance, healthcare and gaming are increasingly implementing decentralized finance, signaling the growing demand for jobs.
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“Although blockchain development promises to be an exciting new field of work and offers enormous opportunities for application, the sector is still very nascent,” Kumar said.
A global report from Gartner estimates that the business value generated by blockchain will grow rapidly and reach $176 billion by 2025, potentially creating more job opportunities.
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