Software developers in the blockchain, cryptocurrency and Web3 fields are still not without jobs despite the bear market that has been going on for months.
According to research by Electric Capital, the number of software developers working in blockchain ecosystems will increase in 2022 compared to the previous year. 8% increase showed.
Last year, the number of people contributing to any blockchain ecosystem via software for the first time was approximately became 61 thousand. This number is the largest in all past years so far.
According to Maria Shen, a partner at Electric Capital, the number of cryptocurrency developers is despite the bear market increase is not uncommon.
Similarly, the number of these developers increased during the bear market of 2018:
“Every time we enter bear market cycles like this, we actually see an increase in the number of software developers. He’s entering this field and, incredibly, even if prices are falling They continue to stay in this area.”
Developers who have contributed to blockchain ecosystems throughout 2022 28% to Bitcoin or Ethereum ecosystems contributed. This shows that the developers in the industry are working not only on Bitcoin and Ethereum, but also on other emerging technologies.
Other ecosystems of interest to developers include Solana, Polygon, Cosmos, and Polkadot.