ANALYSIS: Crypto Job Market Recovers as VC Funding Inflows Drive Hiring Boom

According to Coindesk, the crypto job market is showing signs of recovery as Web3 becomes more mainstream and demand for positions at cryptocurrency and blockchain companies sees a phenomenal increase, with a recently posted crypto product marketing manager position on LinkedIn receiving more than 500 applicants in just five days, and job search site Crypto Jobs List in 2024 July 2024 recorded around 600 new cryptocurrency and blockchain job openings. Industry insiders point out that the influx of venture capital funding into the crypto industry has fueled the hiring boom, with cryptocurrency-focused venture capital firms investing $2.01 billion in the first three months of 2024, already surpassing the $1.9 billion invested in the entire year of 2023, according to PitchBook, and as cryptocurrency firms are working to achieve their growth goals and looking to bring their products to market, which in turn directly fuels the hiring demand