Cryptocurrency-related job postings surged in 2021

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httpv://www.youtube.com/watch?v=embed/b3qLaVLvlKs

THE SITUATION. >>> NEW DATA SHOWS JOB GROWTH IS SURGING IN THE CRYPTO CURRENCY FIELD. ACCORDING TO A NEW LINKEDIN REPORT, CRYPTO RELATED JOB POSTINGS SWORD 395% BETWEEN 2020 AND 2021. THAT IS NOT A WRONG NUMBER. 395%. JOB GROWTH OUTPACED THE TECH INDUSTRY WHICH SAW A 98% JUMP IN POSTINGS DURING THE SAME TIME. CRYPTO CURRENCY IS INFLUENCING A NEW CHAPTER IN INTERNET HISTORY CALLED WEB THREE. A DECENTRALIZED VERSION OF THE INTERNET BASED ON BLOCK CHAIN TECH KNOWLEDGE HE. HE IS A CRYPTO AND FINANCE EDITOR. FIRST OF ALL, THIS GETS SO COMPLEX.

A LOT OF PEOPLE DON'T EVEN KNOW WHAT CRYPTO CURRENCY IS. THIS IS FASCINATING TO THINK ABOUT AND TALK ABOUT BUT WHAT IS WEB THREE? >> WEB THREE IS A LOT OF MARKETING AT THE MOMENT. THE IDEA IS THAT IT WILL BE DISTRIBUTED INTERNET THAT WILL INVOLVE EVERYTHING FROM ONLINE GAMING TO VIRTUAL PLATFORMS FOR SOCIAL INTERACTION AND FOR WORK AND ALL KINDS OF COMMERCE. THE NOTION IS THE ID IT WILL BE BASED ON BLOCK CHAIN TECH KNOWLEDGE HE AND DISTRIBUTED LEDGERS.

RATHER THAN HAVING GIANT COMPANIES LIKE AMAZON CONTROL THE DATA ARE DATA STORAGE, IT WILL BE DISTRIBUTED WIDELY. IT IS MORE OF A PIPE DREAM FOR SILICON VALLEY. A LOT OF COMPANIES ARE EXPECTING IT TO BE A NEXT- GENERATION INTERNET. >> DID YOU LOOK AT IT LIKE THE CELL PHONE INDUSTRY CRACKS >> I THINK 5G IS MORE INCREMENTAL OVER 4G. IT IS FASTER SPEEDS. I THINK WEB THREE IS CONSIDERED TO BE MORE OF A NEXT-GENERATION THAT WILL BE MORE REVOLUTIONARY IN THE SENSE IT WILL INVOLVE MORE APPLICATIONS AND MORE KINDS OF THE CENTRALIZED FINANCE. MORE USES FOR GAMING AND COMMERCE AND FOR TRADING. THERE IS A WHOLE RANGE OF APPLICATIONS EXPECTED TO BE DEVELOPED ON THIS VERSION OF THE WEB. >> IT IS INTERESTING TO TALK ABOUT. IT SEEMS SO FAR OUT THERE. FOR INVESTORS, THEY ARE TAKING NOTICE OF WEB THREE POURING TONS OF MONEY INTO IT AS A RESULT. VENTURE CAPITALIST INVESTED A RECORD $30 BILLION IN CRYPTO AND BLOCK CHAIN COMPANIES IN 2021. WHICH PROJECTS ARE GETTING THE MOST MONEY AT THIS POINT? >> A LOT OF IT IS GOING TO DEVELOPING FINANCIAL SERVICES FOR CRYPTO TRAINING AND CRYPTO CUSTODY AND FOR EXCHANGES AND BASICALLY BROADENING THE CRYPTO ECONOMY TO MAINSTREAM INVESTORS TO INSTITUTIONAL INVESTORS AND ANYBODY WHO WANTS TO GAIN EXPOSURE TO WHAT IS EXPECTED TO BE A VERY LARGE PIECE OF DIGITAL ECONOMY GOING FORWARD.

THERE IS A LOT OF MINING INFRASTRUCTURE. THERE ARE DECENTRALIZED FINANCE PLATFORMS FOR TRADING AND FOR BORROWING AND LENDING. AND IN A BURGEONING NEW FEEL, THESE TOKENS ARE BASICALLY DIGITAL COLLECTIBLES THAT CAN BE USED FOR ART, VIDEO, MUSIC, FOR PAYING SONG OWNERS OR ARTISTS. LITTLE FRACTIONS BASED ON USAGE OF THEIR WORKS. THE MARKET EXPLODED IN 2021 AND IT IS EXPECTED TO CONTINUE GROWING. COMPANIES LIKE COIN BASED A PLAN TO DEVELOP PLATFORMS. THEY ARE IN TRACKING A LOT OF VENTURE CAPITAL AS WELL. >> IT SEEMS LIKE EVERY TIME YOU READ AN ARTICLE, PEOPLE ARE TALKING ABOUT NFTs.

WHAT TYPES OF POSITIONS ARE COMPANIES HIRING FOR? IT SEEMS LIKE EVERYBODY IS LOOKING FOR A NEW JOB. >> YES. AND THEY PAY EXTREMELY WELL. THE AVERAGE BLOCK CHAIN DEVELOPER IS ABOUT $150,000 WHICH IS WELL ABOVE THE MEDIAN SALARY. A LOT OF IT IS SOFTWARE ENGINEERING AND SOFTWARE DEVELOPMENT. BUILDING HARDWARE AND SOFTWARE SERVICES. A LOT OF IT IS TECHNICALLY ORIENTED. IF YOU HAVE A BACKGROUND IN SOFTWARE DEVELOPMENT OR COMPUTER SCIENCE, YOU ARE PROBABLY IN HOT DEMAND RIGHT NOW FOR A LOT OF THESE BLOCK CHAIN COMPANIES, CRYPTO MINING FIRMS AND ANYONE TRYING TO GRAB A PIECE OF THIS DIGITAL ECONOMY. >> SO PEOPLE LIKE ME NEED NOT APPLY. >> I PROBABLY FALL INTO THAT CATEGORY AS WELL. I AM NOT A PROGRAMMER OR A TECH GUY. I KNOW THAT THEY ARE IN HIGH DEMAND? >> THERE IS A GROWING CALL FOR MORE WOMEN TO ENTER THE MALE- DOMINATED WORLD OF CRIP SO. LESS THAN 5% OF CRYPTO ENTREPRENEURS ARE FEMALE. WHAT CAN BE DONE TO ENCOURAGE MORE WOMEN TO ENTER THE INDUSTRY? >> I THINK IT IS THE SAME THING THAT CAN BE DONE TO ENCOURAGE MORE WOMEN TO ENTER ANY OTHER TECHNICAL FIELD.

ENCOURAGING WOMEN TO TAKE ARTS AND SCIENCE COURSES AND UNIVERSITY. I THINK THE INDUSTRY PROBABLY NEEDS TO ENCOURAGE MORE WOMEN TO APPLY FOR POSITIONS AND MAKE THE TECH INDUSTRY WHICH IS GENERALLY AND HISTORICALLY MALE- DOMINATED, TO BE A BIT MORE FRIENDLY TO WOMEN. I THINK THERE IS A LOT TO BE DONE. THERE ARE SOME WOMEN IN HIGH POSITIONS IN CRYPTO COMPANIES, BUT THERE NEEDS TO BE MORE. >> I ALMOST FEEL LIKE I HAVE SOME FRIENDS LOOKING TO GET INVOLVED AND IT'S ALMOST LIKE WORD-OF-MOUTH. YOU HAVE TO GET MORE WOMEN TOGETHER TO TALK ABOUT THESE THINGS TOO. YOU SEE GROWTH SO FAST IN ONE PLACE, IS THERE A DANGER OF THE CRYPTO BUBBLE? >> WELL, A LOT OF ECONOMISTS WOULD SAY THAT WE ARE IN A BUBBLE RIGHT NOW. WE HAVE HAD AN ENORMOUS AMOUNT OF LIQUIDITY PROMPTED THE FINANCIAL MARKETS OVER THE LAST FEW YEARS. THE MONEY SUPPLY HAS EXPANDED COLOSSALLY WITH TRILLIONS OF DOLLARS FLOATING AROUND. THAT MONEY HAS TO GO SOMEWHERE. IT IS AN EXTENSION OF TECH GOING INTO CRYPTO AND BLOCK CHAIN COMPANIES.

SOME WOULD ARGUE IT'S INFLATED VALUATIONS. >> THERE ARE COINS AND TOKENS THAT YOU CAN SAY HAVE A VERY LEGITIMATE USE CASE AND A LOT OF FLY-BY-NIGHT WAS THAT DO NOT THAT PEOPLE ARE JUST PUMPING OUT THERE HOPING TO MAKE A QUICK BUCK ON AND THEN THEY ARE WITHDRAWING THEIR SUPPORT FOR THE COINS IN THE TOKENS. I'M SURE THERE IS A LOT OF SPECULATION GOING ON. PEOPLE ARE MAKING MONEY AND LOSING MONEY AND THIS IS WHAT YOU GET WHEN YOU HAVE A FINANCIAL MARKET THAT'S BEEN INFLATED BY A LOT OF POLICIES. WE MAY BE NEARING THE END OF THAT RIGHT NOW. THE NEXT COMING YEAR, WE WILL SEE THE TECH STOCKS MARKET TAKE A FEW HITS LATELY. CRYPTO'S ARE NOT FAR OFF FROM THAT. THEY ARE FAIRLY WELL CORRELATED. WE MAY SEE SOME MORE PRESSURE IN THAT MARKET AS WELL AS SOME OF THE LIQUIDITY COMES OUT OF THE MARKET.

>> YOU SEE A COMPANY LIKE TESLA TAKING CRYPTO CURRENCY AS CURRENCY AND THEN CELEBRITIES BEING SUED BECAUSE OF SCAMS WITH .

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