Against the backdrop of the collapse of the crypto market (Crypto Winter), the Web3 industry has seen many firms cut budgets and employees, but it does not mean that the search for new talent has stopped.
The matter was expressed by the founder of the crypto recruiting firm Proof of Search, Kevin Gibson, stating that the demand for workforce focused on Game-Fi, Metaverse, De-Fi and non-fungible tokens (NFT) is still high.
Gibson comments that venture capital firms are seen continuing to channel funds into companies with strong business models for hiring despite market volatility.
The basis is also supported by the report of crypto analyst firm, Messari which saw as much as $30.3 billion was invested in crypto firms in the first half of 2022 (1H 2022).
Additionally, another $8.6 billion was invested into Web3 and NFT projects during the same period.
Among the largest publicly traded companies that have invested funds into the crypto market in 2022 are BlockData, Google, Samsung, Microsoft, PayPal, Morgan Stanley and Goldman Sachs.
On the opposite side, CryptoRecruit founder Neil Dundon said the crypto job market may remain relatively flat while it's in a bearish trend even though there are "plenty of opportunities" for crypto firms and job seekers.
This is enlightened by the fact that most crypto firms come from non-core industry clusters.
