Who are Web3 Developers?
Hey, I know what you're thinking. Web3 Developers? Who are they, and why should we care? Well, I'm glad you asked! Web3 developers are an exciting new class of developers popping up everywhere. Basically, they're web developers with more skill in blockchain applications. They're a breath of fresh air for the tired everyday coder who's been around for years and is tired of the system.However, we can't fully digest who web3 developers are without first understanding Web3.
Web3 is a new trend that bridges the gap between the blockchain and your browser, where identity is no longer linked to any one platform.
It employs a technology stack based on a decentralized blockchain to allow new business and social concepts. Similarly, Web3 provides new web protocols and infrastructure enabling the creation of decentralized applications that enable users to contribute their data.
So, can we build these decentralized applications without web3 developers? Can we decentralize the internet without web3 developers? I'm sure you already know the answer to these questions.
This is where web3 developers come in. They are responsible for coding all these dApps, making them available, and solving any issues users may encounter.
Check this out to learn more about Web3 and why it matters today.
Generally, Web3 developers may expect to earn anything from $70,000 to well over $30,000 per year. So, what exactly makes Web3 developers so valuable?
Reasons for the High Average Salary of Web3 Developers
When you take into account the fact that it's an entirely new industry with new language standards, programming techniques, and more, it's clear to see why many have predicted that smart contracts will displace nearly 25% of all apps. As dApps become increasingly popular and more startups become involved in the space, there will be an increased demand for Web3 developers who know how to code these applications.
I'm sure you're starting to get the idea of why these guys are paid so well, but to highlight further my point, the skills required to be a web3 developer are rare because the concept is relatively new. Most people haven't even heard of blockchain, let alone their knowledge of decentralized autonomous organizations or smart contracts.
So, because it is challenging to locate an experienced web3 developer, and smart contract creation is full of difficulties requiring specialized knowledge and expertise, web3 developer wages are expensive.
Web3 developers worldwide are estimated to be around half a million, and according to a report from Electric Capital, there are 18,000+ active developers per month. So, why should you join this pool of experts? Even with this mind-blowing figure of 500,000 web3 developers, this niche is not close to being saturated.
From earning potential to technological development, if you have the urge to develop on top of blockchain technology, it may be time to consider making the leap. The ability to see into the financial and technological future gives you an edge in your career and society. Furthermore, the Web3 sector is still in its early stages. As a result, making the first step as a web3 developer at this early stage might set you up for a life-altering professional path.
If you are getting started as a web3 developer, Here is a complete web3 developer roadmap for 2022 and our top 10 programming languages you should learn to write smart contracts.
Factors affecting the average salary of a Web3 developer
Web3 developers are some of the most in-demand professionals in the tech industry. This is due, in part, to the fact that they are responsible for building the decentralized applications that will form the backbone of Web3. However, many other factors affect how much a Web3 developer can expect to earn.
We've compiled a list of some of the most important aspects for you to consider while planning your future.
Role and Expertise
Developing decentralized applications, smart contracts, and other protocols is only possible with the collaboration of a diverse group of skilled web3 developers. Similar to how salaries for various firm positions vary, so does the salary for different web3 developers:
In general, Web3 developers may be divided into the following groups:
ā¢ Core Blockchain developers
Average salary: $170,000
ā¢ Front-end web3 developers
Average salary: $74,000
ā¢ Blockchain developers or Smart contract developers
Average salary: $85,000
ā¢ Full-stack web3 developers
Average salary: $100,000
Above Salary Data Source: Web3 Career
Job Location
Another factor is the city in which the developer lives and works. In general, developers in large metropolitan areas make more money than developers in smaller cities. However, the cost of living is also higher in large cities, so developers need to be compensated accordingly.
A new employment location that is more sophisticated will provide you with a more fantastic opportunity to show off your qualifications. Looking at the wage trends of other countries, for example, according to Talent, a web3 developer in the US makes an average salary of $155,000 annually, whereas, in Europe, it is approximately $87.5k. Indicating that Web3 developer salaries vary greatly depending on the region.
Web3 Developer Salary: USA
Average salary: $150,000
There are several high-paying tech jobs in the USA related to Web3. Many of these jobs may be done from home, despite the high cost of living in the USA driving up pay.
Check out more web3 jobs in the United States to boost your chances of getting hired.
Web3 Developer Salary: Europe
Average salary: $145, 000
Europe has some of the highest pay rates for web developers, with salaries ranging from $120,000 to over $200,000. Of course, the cost of living in Europe is likewise expensive, but you may also do these jobs remotely.
Check out more web3 employment opportunities in Europe to increase your chances of being hired.
Web3 Developer Salary: Asia
Average salary: $120,000
It's not quite lucrative to work in Asia compared to Europe and the United States. There is a wide range in the base wage for a blockchain developer in Asia, between $80,000 and $200,000. The average base income is $120,000 per year.
Increase your career prospects by looking at additional web3 job openings in Asia.
Web3 Developer Salary: India
Average salary: $50,000
In India, a Web3 developer's income ranges from $30,000 to $70,000 for those with six or more years of experience. This is primarily because of the country's reduced cost of living.
Take a look at other web3 work opportunities in India to improve your employment possibilities.
Web3 Developer Salary: Canada
Average salary: $60,000
The average annual compensation for Web3 engineers is $60,000. This is partly due to reduced work opportunities in the area.
Consider applying for positions only available in Canada here.
Web3 Developer Salary: Singapore
Average salary: $135,000
Aside from the United States, Singapore is another nation that pays web3 developers well. In Singapore, a blockchain developer earns between $89,000 and $200,000.
Find more web3 job openings in Singapore to enhance your employment options!
However, since most jobs are remote, you can target these countries without being present and earn more. So visit Remote3 to increase your chances of landing high-paying jobs today.
Projects and Experience
Employers are often ready to pay extra for a proven expert in a particular field. Therefore, possessing practical knowledge in Web3 and having worked on several projects in the past will increase your earning potential. Generally, your experience opens doors to higher-level employment and, thus, more compensation.
Learning how to code is a lot like learning how to play the piano: everyone knows how to type, but not everyone is a concert pianist. As with anything, it takes practice and dedication to become a professional developer. So if you want to be considered for top positions with favorable pay, start by familiarizing yourself with popular tools and frameworks on Buildspace and Pointer. Then, try something more challenging: hackathons, such as those hosted by Cryptozombies. They are a great way to dive into the realm of web3 development and learn from experienced professionals.
Without a doubt, skill sets matter! Knowing more than just one language and adopting new technologies early on will prepare you to take advantage of new opportunities in the long run.
Average Salary Ranges for Web3 developers based on roles
Core Blockchain Developers
The average wage for a core blockchain developer is the highest in the blockchain industry, with salaries ranging from $90,000 in Europe to more than $250,000 in the United States. They earn an average salary of $170,000 per year. So why are they the highest earners?
For a blockchain network to be secure and scalable, its architecture and security must be designed to fit the desired purpose. These tasks require a thorough understanding of programming, connectivity, and interoperability protocols.
Core blockchain developers build blockchains like Ethereum, Solana, and Polygon with a solid background in backend and computer science. They also utilize C, C++, and Rust as their primary tools.
For a chance to work as a blockchain developer, you can apply here.
Smart Contracts Developer
According to Cryptojoblist, the average income for a smart contracts developer in Europe ranges from $18,000 up to $150,000. Blockchain software developers utilize Solidity Rust and JavaScript programming languages to create, test, and deploy smart contracts on the blockchain.
They are also responsible for maintaining the general system security and the minimal gas expenses required to operate smart contract logic. Globally, they take home an average salary of $85,000 annually.
Are you interested in working as a Smart contract developer? Click here to apply.
Full-stack Web3 Developer Salary
In general, the pay for Full-stack Web3 developers is lower than that of core blockchain developers because they don't have to deal with the full complexity of creating, maintaining, and protecting a blockchain, but higher than that of Web3 front-end developers because they know how to integrate smart contracts into the blockchain.
Full-stack Web3 Developers can construct smart contracts and the front-end of Decentralized Applications while ensuring that the user experience and interface are operating correctly. They'll be able to build a dApp from the backend to the front-end, precisely as they could in web2.
Full-stack Web3 Developers may expect to earn anywhere from $80,000 in Europe to as much as $200,000 in the United States. Generally, Full-stack Web3 Developers earn around $100,000 annually.
To be considered for a position as a Senior Full-stack Engineer, apply here.
Front-end Developers
According to web3Career, the typical income for a Front-end Web3 Developer ranges from $78,000 in Europe to $180,000 in the United States. Globally, the average income for these developers is around $74,000 per year.
Front-end web3 developers are essentially similar to web2 front-end developers, with the exception that they will employ RPC libraries such as Web3.js and Ethers.js to construct the front-end of their DApps rather than HTTP ones. They may also be knowledgeable in user interface and user experience design (UX/UI).
Apply here for an opportunity to work for Coinbase (India) as a Front-end developer.
Conclusion
Being a web3 developer has just got so much better. Thanks to you and Remote3.
Here's a fact: The best web3 developers can earn as much as $1M/year. In addition, remote jobs and increase in contract work in web3 makes it easier to work for more than a single company. So look at multiple positions Remote3 is advertising for web3 developers: those numbers are growing by the second.
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