According to a world bank press release in June, the global economy is currently experiencing stagflation, due to the effects of the war in Ukraine, and the lockdowns in China, making the reality of a recession closer than we can imagine - waning job growth, declining retail sales, and the possibility of a decline in global growth are some of the conflicting signals the economy is starting to send.
As a result, the cryptocurrency market may experience an extended bear season, making the value of many investments tank, across stocks, bonds, and even cryptocurrency; hence, your investments may not be able to bail you out of inflation and reduced income. In fact, many traditional businesses will seek to cut their expenses and many will be retrenched, and the financial power of many will plummet. However, the reverse is the case for Web 3 careers; many times, most blockchain/Web 3.0 companies usually build new products during the bear season due to the lower costs involved. For example, Ethereum is currently down by almost 75% of its price in November before the dip; hence, developers building projects on the Ethereum network will benefit from the price drop, spending 75% less on their building costs. Similarly, new projects launched at the start of a new bull season are very likely to take off quickly - in the direction of the positive market trend.
In the absence of profitable investment, Web 3 careers may be your saving grace from the global recession. The good news is that the skills required in a Web3 career are typical, everyday skills we use in our traditional jobs, so you can make an easy switch - by familiarizing yourself with the workings of blockchain technology and Web3. Of course, there is no limit to the available roles in a Web3 company; however, some roles are in demand more than others, particularly software development, content marketing, and data science. The careers mentioned above can save you from recession and boost your chances of keeping your job in this economic difficulty.
Data Science:
Life is easier now as technology is gradually improving the world around us - we now depend on several technologies for our everyday activities. The amount of data created is significantly greater now that everyone has access to the internet. Data science is important to Web3 because big data is the foundation of the web 3.0 revolution. It is not a mythical space; rather, it is an interconnected data-hungry system. As a data scientist, you must understand and be able to comprehend the value of data and the problems it can solve - this is fundamental. Web 3.0 calls for new IT investments and capabilities, including Blockchain. This will also call for wallets and marketplaces to hold tokens and currencies. Considering security is crucial when using any of these new technologies. Data scientists are in greater demand, but not enough are available. This demonstrates that businesses are prepared to spend a lot of money to acquire qualified data specialists. Data Science is the most in-vogue skill, and the employment market is expanding at a remarkable rate. Web3 can completely change how we use the internet. Data scientists will have more opportunities as data becomes increasingly important in Web3. Though this is possibly the hardest skill to learn, it's fulfilling if mastered. So don't delay; start learning data science right away!
Web3 and Blockchain Development
It's established that Web3 is the future of the internet, which makes web3 developers indispensable. If Web3 is the art, they are the main artist. Web3 developers have an unfair edge in society because they are key players in how money and technology may develop in the future. The Web3 niche is still very young. As a result, putting your foot in the door now might pave the way for a career that will change your life. Learning Web3 programming will position you at the vanguard of a financial and technical revolution and put you at the core of something huge. Learning Web3 development will also allow you to push yourself daily - you'll collaborate with a varied and fascinating group of international colleagues. Developers of Blockchain and Web3 technologies are assisting in resolving some of society's most pressing problems. This covers user empowerment through creating fair and sustainable enterprises, access to financial tools and services, and privacy solutions. There has never been a better moment to pick up new talent in an expanding IT area, web3 and blockchain developers are in great demand. Additionally, many Web3 projects give developers a share of the tokens they receive. As a result, you may earn even more money than the Web3 developer's already respectable income.
Content Writing/Marketing
Web3 is fast-growing and vastly populated in a short time; businesses now need content writers/marketers more than ever to stay competitive. However, content marketers do not only know how to produce and distribute content that attracts and engages the right to help businesses stay ahead of their competition, but they also understand how to undertake audience research to determine the perceptions of the needs and preferences of their target market. Content marketers relate and speak directly to how your audience behaves - they know what types of content have the greatest returns on investment. Data analysis is also important for proper and effective research - how to evaluate data is important. You need to acquire additional technical abilities if you want to maintain your competitiveness. The creative economy has generated new channels for interaction and communication. You must understand how to capitalize on this new trend if you want to prosper and earn money in the creative economy. The bear season is the best time to key into Web3's disruptive force to reshape society and economic paradigms.
Final Takeaway
Away from these three careers, you can get a Web3 job across many other fields, including technical roles, managerial roles, and administrative roles; even if you don't have a degree in any of the careers mentioned above, you could switch careers by enrolling in new courses, and in a year, you may be ready for your first role - just in time for the projected start of the global recession.
To keep yourself up-to-date with crypto/blockchain topics, you should regularly visit the CCTIP blog to get easy-to-understand articles that help you better understand the rudiments of blockchain technology. Also, follow our social media communities:
