A typical Web3 developer will have an average salary of $128,000 in 2023.
According to a recent survey According to Pantera Capital, the highest salaries for Web3 engineers are in North America at $166,610, followed by $102,226 in Europe, the Middle East and Africa; $90,559 in Latin America; and $75,000 in the Asia-Pacific region. The survey had more than 1,600 respondents in 77 countries, with 40.1% of respondents working in the decentralized finance sector, followed by centralized finance (26.1%) and blockchain infrastructure (15.2%).
Less than 2% of developers surveyed said they worked in a physical office space full-time, while 10.6% said they worked in a hybrid in-person/remote work environment. The remaining 87.8% stated that their work was completely remote.
In the United States, salaries for junior and mid-level Web3 developers fell 4% to 8% over the past year, to between $110,000 and $150,000. Meanwhile, compensation for high-level developers grew 1.5% to $192,585 over the same period.
Similar salary levels were reported for finance, business development, and product operations positions. Salaries for Web3 operations and marketing experts were among the lowest, with less than $66,000 for junior positions in such roles. As for Web3 executives, starting salaries in the US range from $147,363 for startups to $335,400 for companies without Series C funding. Ninety-seven percent of all respondents They were paid in fiat currencies, and the rest chose to receive their salaries in cryptocurrencies.
In addition to regular compensation, one in five people surveyed said they received a token incentive package averaging $50,000 from seed companies and $130,000 from Series C+ companies. These token incentives typically have a vesting schedule that lasts more than four years. Pantera's data will be updated every six months, the firm said.
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