Web3 is the newest version of the World Wide Web and it still has a long way to go to get adopted by the masses. It is believed to be a more decentralized, and democratic version of the internet, which is based on decentralized blockchain technology. Since Web3 is still in the process of taking a concrete shape, there remains much confusion about what it actually means. Not many businesses are prepared for the possible adoption of the Web3 ecosystem.
Evolution from Web1 to Web3
In Web 1.0 users could access the internet from anywhere and view information on static web pages. This version of the internet existed till the early 2000s.
Web 2.0, the current internet, brought interactive websites. It gave people the power to create and post their own content rather than just being passive consumers of it. Now the internet allows users to create content, collaborate, and interact with each other leading to the rise of social media networks. But the power is still in the hands of a handful of big tech companies who control and monetize user data.
The ideal Web3 would be a democratic way of running the internet, one in which all users have a stake and a few handfuls of corporations will not dictate how information is shared and used. This version of the internet will be built on blockchain technology.
Web3 intends to use blockchain technology to create a transparent and more secure system. Blockchain records and verifies all transactions occurring on it, eliminating the need for third-party verification or trust. Web3 Developers are essentially software developers. And they design, build, maintain, and test applications on blockchain networks.
Web3 developer stack
The Web3 stack is still evolving, but with much development over the years, a clearer picture is beginning to emerge. You can think of the framework in terms of four layers:
Protocol Layer: The bottom of the stack. It is made up of the underlying blockchain architecture.
Infrastructure / Category Primitives: Its interoperable building blocks are highly reliable at performing specific tasks.
Use Case Layer: It’s here that it all comes together.
Access Layer: Here sit the applications that serve as the entry point for Web3 activities.
Challenges for hiring developers
Hiring Web3 developers is even more challenging than hiring a traditional developer. The demand is growing exponentially but there aren’t enough experienced Web3 developers. The other big challenges include:
- The speed of Web3 innovation. Due to the fast-paced innovation in Web3, most blockchain companies build themselves quickly and rapidly, potentially lacking the usual processes and infrastructure of regular organizations. They mostly don’t have in-house recruitment or talent acquisition teams.
- Compensation difficulties with Web3 developers. The talent shortage drives up the cost of hiring a blockchain developer. Also, many blockchain companies offer compensation in cryptocurrency, if not fully at least partially. And the value of crypto can fluctuate wildly and engineers may not feel at ease with the crypto compensation.
- The usual talent acquisition methods don’t work as well for hiring web3 developers. When it comes to hiring experienced senior blockchain developers most traditional methods of finding candidates through career ads and job postings fall short.
Hiring Web3 developers
Recruitment specialists need to be very specific regarding what they’re looking for in a candidate. As they look for candidates they need to check for various abilities and skill sets that a Web3 engineer must possess. To successfully hire Web3 Developers who specialize in video management software, recruiters must be able to identify the specific skills and experience required for this role. This might include expertise in video codecs, live streaming protocols, and API integration, as well as a deep understanding of the latest video management software tools and platforms. By focusing on these specific requirements, recruiters can identify and attract the most qualified candidates for the job:
- Have an understanding of what Web3 skills are important – Smart Contracts, Dapps, and more. Blockchain is still in the early stages, oftentimes it’s not easy to tell apart various roles and specializations. Here are the most common Web3 developer jobs in 2023
- Core blockchain developer
- Front-end (Dapp) developer
- Back-end (Dapp) developer
- Full stack (Dapp) developer
- Smart Contract developer
- Data Scientist
- Data Engineer
- Machine Learning Engineer
- DevOps Engineer
- Use an effective and proven job description template. Since the Web3 ecosystem is still taking a concrete shape, there is much confusion about its meaning. Not many businesses are preparing for the possible adoption of Web3.
- Learn the questions you need to ask before hiring. Asking open-ended Web3 fundamental questions can give you a fair understanding of the candidate’s skill set and thinking process.
Web3 developers are in high demand while the supply is still low. To hire a Web3 Developer, it is essential that you find someone that has a good understanding of blockchain and programming languages. For more information, it’s worth considering looking at this in-depth guide to help you find and hire Web3 developers in 2023.