Demand for talent in crypto less dependent on market as industry matures

Historically, bear and bull market cycles in crypto tend to correlate with the amount of talent that enters the space.

As the all-time highs from the last two-year bull market dissipate and it seems like a new bear market is settling in, only those talented individuals with strong convictions can find the motivation to devote themselves full-time to Web3, blockchain and crypto.

During the good years of a crypto market on the rise, many curious professionals with an interest in disruptive tech have flirted with the idea of working for startups in the space.

Demand for talent usually outpaces the supply, as there is a limited amount of people with the experience required to navigate this fast-paced industry and willing to embark on a new project, the longevity of which is uncertain.

Bull markets bring talent into the space and educate new people about what can be achieved through the use of this disruptive technology. Bear markets test the conviction of even the strongest minds and reward those patient enough to stay. As the industry is expected to grow over time it will require more talent to fuel innovation.

Raman Shalupau, founder of CryptoJobsList— a platform for Web3, blockchain and cryptocurrency job listings — told Cointelegraph:

“I wouldn’t be surprised if bear market vibes are to continue in 2023. If we don’t see any other major collapses or regulatory surprises, we’d be likely to be entering a plateau of productivity when it comes to full-time opportunities in the industry. More clear business models, and a lot of investor money in the space that is fueling a lot of land grab opportunities, all of which require human capital.”

While the crypto market continues to cool down from all-time highs and projects tighten their budgets until the next bull cycle, findin