NFT Developer with web3 Salary in 2024
How statistics are calculated
We count how many offers each candidate received and for what salary. For example, if a NFT developer with web3 with a salary of $4,500 received 10 offers, then we would count him 10 times. If there were no offers, then he would not get into the statistics either.
The graph column is the total number of offers. This is not the number of vacancies, but an indicator of the level of demand. The more offers there are, the more companies try to hire such a specialist. 5k+ includes candidates with salaries >= $5,000 and < $5,500.
Median Salary Expectation – the weighted average of the market offer in the selected specialization, that is, the most frequent job offers for the selected specialization received by candidates. We do not count accepted or rejected offers.
Trending NFT tech & tools in 2024
NFT
NFT in crypto
An NFT (Non-Fungible Token) is a unique asset on a blockchain that signifies ownership of a digital piece of art, audio or video file. In contrast to mass-produced cryptocurrencies such as Bitcoin which can be traded interchangeably, NFTs represent unique units that cannot be passed off as identical products; you cannot exchange your Eminem NFT for another: it is non-fungible and unique. NFTs can act as registration certificates that create a digital chain of ownership, although proof of ownership alone does not equate to actual ownership.
As NFTs have sprung up and blossomed lately, they’ve started to radically shift the paradigm of what it means to own digital goods and the inherent value they carry. This has also given rise to hundreds of NFT marketplaces – essentially, websites that serve as digital storefronts to exhibit, trade, or buy NFTs. The technology behind them seems to have found a niche, and it’s got wide-ranging applications.
What are NFT marketplaces?
These are where NFTs can be stored, displayed, traded, and often even minted (ie, created). NFT marketplaces are to NFTs what Amazon or eBay are to goods.
To access and use these types of marketplaces, you will want to set up the following:
- A crypto wallet: you’ll need this to hold your crypto tokens, essentially your digital wallet, which must be compatible with a network on which the NFTs you want to buy/sell are held (below). For example, if you’re planning on buying, selling, or minting NFTs that are based on the blockchain network called Ethereum, then you will need to get a compatible Ethereum wallet such as MetaMask.
- How many coins are in your virtual wallet? If you want to purchase, publish, or mint an NFT, you’re going to have to put some money into your crypto wallet. Once again, it depends on what marketplace you’re planning to use – you’ll need to find out which cryptocurrencies they support.
- A user account: You need to create an account on the chosen market where NFTs are being bought and sold.
However, creating and listing an NFT on a marketplace generally means paying a blockchain network fee. The cost depends on the blockchain-native system you’re using. Ethereum enables the largest ecosystem of NFT dapps (decentralized applications) but has the highest fees.
NFT blockchain options
Note how the leader here is Ethereum: it is by far the most used system for purchasing selling and creating unique items that are solely held digitally. There are, however, other competitors on the market too: note the following:
- Binance Smart Chain
- Flow (by Dapper Labs)
- Tron
- EOS
- Solana
- Polkadot
- Tezos
- Algorand
- Cosmos
- WAX
How do these marketplaces work?
Signing up
Joining an NFT marketplace will look slightly different from site to site, but in general, you just need to create an account (or ‘sign in’ using one that you already have) or you might be able to just use a wallet that the NFT marketplace supports (or a new one you created for the purpose). You’ll be directed to a page where you Connect your wallet. Once your wallet is connected, you’ll be prompted to enter your wallet password (if it’s not auto-filled) to complete the process.
Buying an NFT
NFTs are bought outright for a certain price, through an auction, or (in some cases) presented to a specific owner and another bidder may make a bid in an attempt to acquire the asset at a lower price.
Selling an NFT
Selling is more technically complicated, especially for someone selling an NFT they’ve created themselves (an artwork, a soundtrack, a tweet, etc).
It means that you have to upload this individual digital asset to the platform and add a fixed price on it, or let the buyer bid for it during an auction.
Then the asset will be verified by the platform and can be listed for sale.
When the seller agrees with a bid, the marketplace executes the transfer from the buyer to the seller.
Minting an NFT
A potential first step toward minting an NFT might be Ethereum, which remains the most prominent system on which such tokens are used. You need an Ethereum wallet with native support of ERC-721 (the Ethereum token standard underpinning NFTs). One such wallet is MetaMask or also Trust Wallet or Coinbase Wallet. You also need to stash about $50-$100 of ethers in your wallet to cover transaction costs (the higher the network congestion, the steeper the fees).
After doing so, you can then begin using OpenSea, Rarible, or any other such platform. Usually, to open the dashboard where you can start minting, you’ll press a button in the top-right corner that reads ‘Create’ or similar.
Types of NFT marketplaces
Within this ecosystem, there are different types of marketplaces: the universal types, like OpenSea, are the most general, the art-focused ones are specialized, and then there are niche ones that list specific traits of non-fungible assets, such as in-game items, digital collectible cards, or virtual real estate.
Here are some popular universal and digital art-oriented NFT marketplaces currently available:
- OpenSea: The most established universal NFT marketplace is here at OpenSea, where you’ll find non-fungible tokens representing ownership of things as diverse as art, sporting collectibles, virtual worlds, trading cards, and domain names.
- Rarible: purchasing it enables replicated purchasing by others below it on the chain It’s an NFT marketplace where you or anyone else can make an NFT on one of three different blockchains, either Ethereum, Tezos, or Flow.
- SuperRare: A similar market is online at SuperRare, which specializes in digital art and works only with a handful of concept artists. Each work on sale is a unique one-of-one NFT.
- Nifty Gateway: Nifty is one of the biggest marketplaces for NFT objects. There you will find artwork from prominent artists, including the owner of the record for the most expensive NFT sold at $69 million – Beeple, and the electronic music producers Steve Aoki and deadmau5.
These are all things that could be swept up in the definition of an NFT. Still, for niche digital goods such as virtual world avatars or digital trading cards for games like fantasy football, there is a distinctly growing number of platforms vying for the attention of each digital market there – but the majority of retail NFT sales are still conducted on five platforms:
- NBA Top Shot: an NFT marketplace on Flow for buying and selling digital collectible cards of videos of memorable NBA ‘moments’.
- Axie Infinity: These are based around a digital game called Axie Infinity, in which people breed, battle, and trade cartoon pets called ‘Axies’, and in which some play professionally for a living.
- Sorare: tokens representing football players you can use in the fantasy football game Sorare.
- Decentraland features an in-house marketplace where players can buy and sell virtual land, in-game items such as wearables, and other digital experiences.
- Treasures: A website that lets users tokenize a tweet and then sell it as an NFT. For example, Twitter CEO Jack Dorsey sold his first tweet for $2.9 million.
Where is web3 used?
Decentralized Finance (DeFi)
- Imagine tossing your bank into a salad spinner and centrifuging it into a million digital pieces. That's DeFi, where blockchain gives your money a jetpack and a license to go nuts sans banks.
NFT Marketplaces
- Think of NFTs as digital snowflakes, each uniquely owned by a cyber-flaunter. Web3 platforms let you trade these like Pokemon cards on the blockchain playground.
Decentralized Autonomous Organizations (DAOs)
- DAOs are like hives run by bees with spreadsheets. Members manage projects via group chat but with more blockchain and less emoji drama.
Gaming Multiverses
- Gamers, don your virtual capes! Web3 transforms games into parallel income universes where you slay dragons for loot that pays your real rent!
web3 Alternatives
Centralized Cloud Services
Centralized cloud services are managed platforms provided by companies like AWS, GCP, and Azure, offering robust infrastructure and platform services.
// AWS SDK for JavaScript example to list S3 buckets
const { S3 } = require('@aws-sdk/client-s3');
const s3 = new S3();
async function listBuckets() {
const buckets = await s3.listBuckets({});
console.log(buckets);
}
listBuckets();
- High reliability and uptime
- Deep feature set with managed services
- Extensive global infrastructure
- Vendor lock-in potential
- Privacy concerns with centralized control
- Cost can escalate with usage
Peer-to-Peer Networks
A decentralized network allowing direct data exchange between users without a central server. Examples include BitTorrent and IPFS (InterPlanetary File System).
// Example of adding a file to IPFS
const ipfsClient = require('ipfs-http-client');
const ipfs = ipfsClient('http://localhost:5001');
async function addFile() {
const { path } = await ipfs.add('Hello World');
console.log(`File added at path: ${path}`);
}
addFile();
- Resilient to censorship and outages
- Direct data transfer reduces latency
- Community-driven and open-source
- Lesser consistency and data speeds
- Scalability can be an issue
- Complexity in management and error handling
Private Blockchains
Permissioned blockchain networks like Hyperledger or Corda target business uses, providing a controlled environment for collaboration.
// Example of a chaincode function in Hyperledger Fabric
async function initLedger(ctx) {
console.info('Instantiating ledger');
const assets = [{ ID: 'asset1', owner: 'User1', value: '100' }];
for (const asset of assets) {
await ctx.stub.putState(asset.ID, Buffer.from(JSON.stringify(asset)));
}
}
- Enhanced privacy and security controls
- Customizable to enterprise needs
- Streamlined governance processes
- Reduced transparency compared to public chains
- Network effect is limited to participants
- Can be costly to develop and maintain
Quick Facts about web3
Who spawned the Web3 web? It was Gavin Wood, not some cyberspace wizard!
Picture this: it's 2014, and this brainiac Gavin Wood thinks the internet's a bit too Google-y. He dreams up Web3, a plot twist where the users, not the tech overlords, pull the strings. Ding, ding, ding! The decentralization bell rings, and suddenly your data's your buddy, not a cash cow for mega-corporations.
Blockchain Bonanza
Gavin's gang didn't just decide to shake things up for funsies. They brought blockchain into the mix, making trust issues online kinda passé. No more middleman malarkey; Web3's got smart contracts doing deals straight up, no shifty handshakes. Just picture your computer codes pinky swearing!
// Solidity smart contract snippet - pinky swear in code
contract PinkySwear {
function promise(string memory secretHandshake) public pure returns (string memory) {
return string(abi.encodePacked("I pinky swear to ", secretHandshake));
}
}
Ether-volution with Ethereum
So where's the playground for all this decentralized dazzle? Enter Ethereum, stage left, in 2015. It's not just a digital coin toss; it's a whole theatre for decentralized apps (dApps) to perform. Think of Ethereum as a Swiss Army knife, but instead of little scissors and a toothpick, you get your very own dApp toolkit!
// Example of a simple Ethereum dApp
pragma solidity ^0.8.0;
contract HelloWorld {
string public greet = "Hello, Ethereum World!";
}
What is the difference between Junior, Middle, Senior and Expert web3 developer?
| Seniority Name | Years of Experience | Average Salary (USD/year) | Responsibilities & Activities |
|---|---|---|---|
| Junior Developer | 0-2 | $50,000 - $70,000 |
|
| Middle Developer | 2-5 | $70,000 - $100,000 |
|
| Senior Developer | 5+ | $100,000 - $150,000 |
|
| Expert/Team Lead | 8+ | $150,000+ |
|
Top 10 web3 Related Tech
Solidity
Take a stroll through the blockchain park and you’ll bump into Solidity, the rockstar of smart contract programming. It’s like JavaScript’s distant cousin who got super into cryptoeconomics. If you whisper the right hexadecimal spells into its ear, you can get Ethereum to do your bidding.
function helloWorld() public pure returns (string memory) {
return "Hello, blockchain!";
}
Ethereum Virtual Machine (EVM)
The grand theater where Solidity’s plays are performed. It’s kind of big deal in the web3 realm; think of it as the JavaScript engine of the blockchain. It’s meticulous, a bit of a perfectionist, and absolutely adores executing those snazzy smart contracts.Web3.js / Ethers.js
These JavaScript libraries are like the Swiss Army knives for Ethereum-blockchain interactions. Web3.js walks into a bar, and suddenly, your browser becomes a blockchain genius. And Ethers.js? It's more like the hipster barista - slightly more modern, with a few extra garnishes.IPFS
Imagine if the web was a giant, decentralized game of pass-the-parcel with data. IPFS makes it possible to store and share files across a distributed network of computers. It's like Airbnb for your digital stuff, but instead of renting out your spare room, you're sharing your spare hard drive space.Truffle Suite
This is the chocolate box toolkit of the Ethereum world. Developing, testing, and deploying your decentralized apps (DApps) can be as delightful as snacking on truffles, thanks to this suite. It includes Truffle, Ganache, and Drizzle – it’s not a dessert menu, I promise.
truffle init
truffle compile
truffle migrate
MetaMask
This isn't just a fox-themed browser extension. MetaMask is your digital wallet and identity badge for the decentralized web. Want to splurge on some crypto collectibles? MetaMask has got your back.Infura
You want to connect to the Ethereum network, but you don’t want to run your own node, 'cause that's like throwing a blockchain party and only serving water. Infura is your cloud-based gateway that says, "I'll handle the node stuff, you go have fun!"Decentralized Autonomous Organizations (DAOs)
When smart contracts and group chats have a baby, you get DAOs. They’re online clubs with their own piggy banks, and instead of having a boss, everyone votes on how to spend the money. It's like the ultimate group project where everyone actually participates.Non-Fungible Tokens (NFTs)
These are like the shiny Pokémon cards of the digital world. Each NFT is unique and can prove ownership of digital assets. They’re all the rave for artists and creators. You can be like, "See this pixelated avatar? It’s mine. There’s not another one like it. Cool, huh?"Decentralized Finance (DeFi)
It's like putting your money in a bank, but instead, the bank is made of math and can’t look at you disapprovingly. DeFi platforms let you lend, borrow, and earn interest on your cryptocurrency without the middleman taking a cut for their yacht fund.