Blockchain
Blockchain Engineer Salaries in Asia Drop by More Than 5%
Salaries for blockchain engineers went down in 2023 due to tough times in the industry, like layoffs and companies not hiring as much.
A recent NodeFlair report found that countries prioritizing startups and big tech experienced larger drops in blockchain engineer salaries. This highlights the impact of the overall economic and business climate on compensation levels in this field.
In Singapore, blockchain engineer salaries decreased by 5.4% year-over-year, the report showed. On average, junior engineers received 6,750 SGD, while senior engineers earned about 10,000 SGD. Similarly, blockchain engineer salaries in India experienced a decline of nearly 6%.
“In contrast to the preceding two years, during which technology salaries experienced substantial growth, there is now an overall decrease in salaries for various tech positions,” the firm wrote. However, the report acknowledged that compensation levels remain elevated compared to those seen in 2021.
Multifaceted Downturn Behind Blockchain Salaries Squeeze
The observed decline in salaries stems from a confluence of factors. Workforce reductions, hiring freezes triggered by regulatory actions against major crypto exchanges Coinbase and Binance, and FTX’s collapse last year significantly impacted compensation levels.
Other factors include a decline in enthusiasm surrounding the metaverse and a period of prolonged crypto market decline. A general slowdown in hiring within the tech sector followed a period of pandemic-driven expansion, contributing to this trend. Further, venture capital funding scarcity in Southeast Asia exacerbated these challenges.
In one example, Chinese Bitcoin mining machine manufacturer Bitmain was forced to delay salary payments due to cash flow challenges.
AI & Data Science Skills In High Demand
Software engineer salaries also fell at the same time, though the decline was less pronounced than that observed for blockchain engineers.
According to NodeFlair, a key trend for the coming year is the sustained rise in demand for expertise in artificial intelligence and data science. The need for professionals skilled in machine learning, natural language processing, and data analysis is anticipated to experience significant growth.
Software engineers with a strong foundation in these areas will likely be highly sought-after. Companies will most likely strive to integrate AI technologies into their core functionalities.
US Crypto Salaries Shine Brighter
A comparative survey conducted in March revealed a trend of US-based crypto companies offering higher salaries across various job roles and experience levels when compared to their international counterparts. The survey indicated that US crypto salaries surpass those offered abroad by an average of 13%, with equity and token-based compensation packages being 30% more generous in the US.
Source: cyptonews.com
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Blockchain
WadzPay Plans to Expand Portfolio into Stablecoin Business
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
Blockchain
RevoluGROUP Announces CEO and Director Stepping Down
Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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