In this day and age where recession is just around the corner and everything asset is experiencing a bear cycle, making yourself recession-proof is the only thing one can do.
“Preparing for a recession is a no-lose situation.” — Darius Foroux
Data Continuously points to Recession and layoffs. Consumer sentiment is bad because of inflation.
Even though the crypto market is experiencing a crash, blockchain is here to stay. Prices of the coins will keep changing as it’s highly influenced by public sentiment, greed, fear, and regulations. What will remain for the long term is blockchain. The core technology which powers it all. The technology which gave us a medium to transfer wealth in seconds and own it without being a third party present and last but not least a whole new way
Around 2000 when the Dot-com bubble burst a lot of tech companies declared bankruptcy and faced liquidation — namely Pets.co., Webvan, 360Networks, Boo.com, eToys, etc. However, other internet-based companies struggled but survived and are giants today, notably Microsoft, Amazon, eBay, Qualcomm, and Cisco.
The Same trend will be seen with web3 space and especially blockchain technology.
“The internet has revolutionised how we live, do business and blockchain will do that further. It will change the way we think about investments, fund-raising and financial transactions that is not possible using traditional financial methods,” CEO BINANCE
Over the past decade, data science has gone from the new hottest profession to good and might just get you a well-paying job if you are somewhat in the top 30 percent.
Here I am going to talk about how you can leverage your skill set as a data scientist to get a significant high-paying job in the web3 ecosystem.
First Let’s Start with Salaries :
Even in the current financial crisis, web3 job openings on the day this article was written are paying on an average from $120k — $290k per year to web3 developers.
As a data scientist, you already are ahead of most other individuals in the tech domain as most of the skills which are crucial for web3 jobs overlap with data analyst/scientist.
For reference: Skills required to work as a Web3 Data Analyst at Zynga: python, go, AWS tools, A strong background, and an understanding of blockchain technologies, and cryptocurrencies.
Skills that you need to acquire if you want to shift to blockchain/smart contracts developer:
Solidity, Defi, EVM Knowledge, Typescript, Hardhat, Ether.js
Okay, Where to start?
Since you already possess skills/knowledge about: python, go, ML, statistical analysis, etc
You need to start learning about skills that are required (sometimes mandatory ) to work in web3 :
- Solidity: Solidity is an object-oriented programming language created by the Ethereum Network team for designing and developing Smart Contracts in the Blockchain world. You can automate transactions and perform various other tasks through this programming language.
- FreeCodeCamp: Will Teach You Way More Than You Need to Get Started
2. RUST: Like Solidity, Rust can be used to write smart contracts (Solidity is used for ETH while Rust is for Solana mostly.)
Rust is also rising in popularity. Rust is a multi-paradigm, general-purpose programming language designed for performance and safety, especially safe concurrency.
3. Defi: Learn what it is and how it works
4. CryptoZombies — interactive code school that teaches you to write smart contracts through building your own crypto-collectibles game.
5. androlo/solidity-workshop — Comprehensive series of tutorials covering contract-oriented programming and advanced language concepts.
6. buildspace.so — Hands-on Web3 course especially for beginners. It is completely free and you get an NFT on completion.
It’s probable we don’t get a recession. But it really doesn’t matter to the person who’s prepared.
All the best! Follow If You Found Some Value.
