According to PANews, the demand for positions in cryptocurrency and blockchain companies has seen a remarkable increase as Web3 becomes more mainstream. The crypto job market is showing signs of recovery, with a recent LinkedIn posting for a crypto product marketing manager receiving over 500 applicants within just five days. Additionally, the job site Crypto Jobs List recorded approximately 600 new cryptocurrency and blockchain job vacancies in July 2024.

Industry experts attribute this hiring surge to the influx of venture capital into the crypto sector. Data from PitchBook reveals that venture capital firms focused on cryptocurrencies invested $2.01 billion in the first three months of 2024, surpassing the total investment of $1.9 billion for the entire year of 2023. As crypto companies strive to achieve their development goals and bring products to market, the demand for new hires has been directly stimulated.