Blockchain, NFT Related Job Openings Surge 804% Post-Covid
After the end of the COVID program, more people are focusing their job search efforts on the cryptocurrency, blockchain, and NFT industries. A survey indicates that the number of employment available in this industry increased by 804 percent between April 2020 and April 2022. In addition, the research by the worldwide employment site Indeed highlighted an increase in the rate of demand in the market. The percentage had increased by 315% by the year 2022.
In April of 2022, there were 15 times more job posts than there were in April of 2019, illustrating the significance that the pandemic had in this steady increase. The widespread spread of the Covid-19 pandemic has accelerated the adoption of technology across all functions in India. As a result, there is a greater demand than ever before for technology professionals, particularly those with expertise in emerging fields such as cryptocurrency, NFTs, and blockchain, according to the report.
In this industry, the most desirable job title is application developer, followed by data engineer and full-stack developer. The data also reveals that crypto positions seem to be one of the highest shares of hiring in total technological job roles, going from 41.22 percent in 2019 – 2020 to 67.48 percent in 2021 – 2022. This percentage is an increase over the previous year’s figure of 41.22 percent.
Sashi Kumar, Head of Sales for Indeed India, has pointed out “As India strives to become a technology-driven economy, local businesses are making significant investments in cutting-edge innovations that will propel the nation to the vanguard of the emerging digital age. Technology centres like as Bengaluru and Hyderabad continue to lead the pack when it comes to recruiting in the industry, although the national capital area is also seeing a fair share of interest in the field.”
Despite the fact that “blockchain promises to be a fascinating new area of work and provides huge possibilities for application,” Kumar noted that the industry is still in its infancy. It still has problems with scalability, and there are questions about its security. According to the findings of the paper, despite this fact, several industries, including the financial sector, the healthcare industry, and the gambling industry, are progressively adopting decentralized financial systems.
According to a worldwide assessment published by Gartner, the commercial value provided by blockchain will significantly increase, reaching $176 billion by the year 2025. This might result in the creation of more employment opportunities.