Blockchain is the new black, and crypto salaries are becoming an increasingly popular way to attract young talent.
The potential for long-term career success in blockchain is strong, but it’s not enough to just be a top performer – you also need managerial skills. For some companies, such as 0xcert Inc., that means shifting their entire company culture around recruitment.
The “bitcoin trading challenge course” is a cryptocurrency-related job that has been on the rise. The salaries are attractive to young talent and many people are looking for these jobs.
Athletes and politicians made news earlier this year when they chose to be paid in cryptocurrency. Companies are already beginning to offer crypto wages in order to attract a younger workforce.
In a recent CNBC piece, two separate incidents of young talent being compensated in cryptocurrency were highlighted. Stephen Gerrits, a university student, and Tiyanna Brown, an artist, both chose to be paid in bitcoins. Brown sells digital art in return for Ether, while Gerrits works part-time at a software business (ETH).
Gerrits claims that because to cryptocurrency price fluctuations, he made more money than he would have made in cash. It does not, however, necessarily go higher. He said that he just leaves things be, and that he enjoys it when prices rise, but that the enjoyment stops when prices fall.
He considers his crypto investment since his bills are paid by other sources of income. “Why not seize the chance or opportunity to strike it rich and make some money out of it?” he wonders.
Meanwhile, Tiyanna Brown, 29, sells art on Rarible, a site that allows you to sell your digital work for ETH. Brown believes that in the long term, this will provide greater outcomes. “It’s almost like licensing,” she said, “because every time someone uses your work, you get a portion.” Brown has said that she wants the term “starving artist” to become a “thing of the past.”
Many reports reveal that players are being paid in cryptocurrency as early as 2021. For his contract with Paris Saint-Germain, soccer star Lionel Messi earned fan tokens in August. Odell Beckham Jr. and Aaron Rodgers, both of the National Football League, decided to accept cryptocurrency payments in November. The former said that he would earn his whole NFL pay in Bitcoin (BTC), whereas the latter stated that he would receive just a portion of his salary in Bitcoin (BTC).
Apart from that, three US politicians claimed that they would take Bitcoin as payment in response to a challenge from Bitcoin advocate Anthony Pompliano. Mayors Francis Suarez of Miami, Eric Adams of New York, and Jane Castor of Tampa have all said that they would accept BTC compensation.
Recruiters said crypto companies are looking for leadership in technical, legal, and finance.
LinkedIn stated in November that job advertisements for crypto-related positions have surged by 600 percent since August 2020. Aside from that, prominent financial institutions paid substantial incentives in order to recruit more crypto expertise. According to Johnson Associates, crypto jobs pay 20 to 30 percent more than equivalent non-crypto jobs.
When choosing to get paid in cryptocurrency, there are several drawbacks. One of them is your employer, who is requesting the money back. According to a letter given to MarketWatch’s The Moneyist by an unknown employee, the individual was paid in cryptocurrency for contract labor. Following this, the value of the token increased by 700%. The company’s CEO then addressed an email to the employee, requesting that the digital assets be returned and offering to pay in cash.
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With the rise of cryptocurrencies, many people have been looking for ways to make a living. One way is by starting your own cryptocurrency and attracting young talent with lucrative salaries. Reference: frugal expert.
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