Median Web3 developer wage stands at $128K in 2023


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A typical Web3 developer has a median wage of $128,000 in 2023.

Based on a latest survey by Pantera Capital, the best Web3 engineer salaries are in North America at $166,610, adopted by $102,226 in Europe, Center East and Africa; $90,559 in Latin America; and $75,000 within the Asia-Pacific area. The survey featured over 1,600 respondents throughout 77 international locations, with 40.1% of respondents working within the decentralized finance sector, adopted by centralized finance (26.1%) and blockchain infrastructure (15.2%).

Lower than 2% of the builders surveyed stated they labored in a bodily workplace house full time, whereas 10.6% stated they labored in a hybrid in-person/distant work setting. The remaining 87.8% stated their work was totally distant.

Within the U.S., junior- and intermediate-level Web3 developer salaries fell by 4% to eight% throughout the previous 12 months to $110,000–$150,000. In the meantime, compensation for senior-level builders grew by 1.5% to $192,585 throughout the identical interval.

Comparable wage ranges had been reported for finance, enterprise improvement and product operations positions. Salaries for Web3 advertising and marketing and operations specialists had been among the many lowest, with lower than $66,000 for junior positions in such roles. As for Web3 executives, beginning salaries within the U.S. vary from $147,363 for seed startups to $335,400 for corporations past Sequence C funding. Ninety-seven p.c of all respondents had been paid in fiat currencies, with the rest electing to obtain their salaries in crypto.

U.S. Web3 engineer salaries by seniority. Supply: Pantera Capital

On prime of standard remuneration, one in 5 people surveyed stated they obtained a token incentive package deal averaging $50,000 from seed firms to $130,000 for Sequence C+ corporations. Such token incentives usually have a vesting schedule lasting over 4 years. The Pantera information shall be up to date each six months, the agency stated.

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