Analysis: Crypto job market recovers, venture capital inflows drive hiring boom
The crypto job market is showing signs of recovery as Web3 becomes more mainstream and the demand for positions at cryptocurrency and blockchain companies has seen an incredible increase, A recently posted Crypto product marketing manager position on Linkedln received over 500 applicants in just five days, and job site Crypto Jobs List recorded around 600 new crypto and blockchain job openings in July 2024. Industry insiders point to the influx of venture capital money into the crypto industry as driving the hiring boom, with crypto-focused VC firms pouring $2.01 billion into the industry in the first three months of 2024, according to PitchBook, already surpassing the $1.9 billion invested in all of 2023, as crypto companies struggle to meet growth goals and look to bring products to market This, in turn, has directly contributed to the demand for hiring. (PANews)