Web2 and Web3 Explained
In simple terms, Web2 is the main web you are using at this moment. It’s the phase of the internet right after the read-only version of the web, which we call Web1. With the birth of Web2, we became content creators, instead of just consuming content in this digital space.
Web2 not only brought us the freedom to create content but also to distribute it on various networks, like social media platforms. Instagram, Facebook, and YouTube, to name a few. In other words, any platform that allows you to share is an example of Web2.
Now, with Web3, we can have a decentralized experience where we claim more ownership over our content, assets, and data without the involvement of third-party companies. Web3 is tomorrow’s web, which will bring more efficiency and control than we ever had before.
Web2 vs Web3 Jobs: Which is worth building your career on?
Web3 is a brand-new industry, and its mass adoption is not something we achieved fully yet. Our journey to embrace this newest version of the web continues. And naturally, it brings challenges along.
One of the biggest obstacles is finding the right people to work in the field to flourish the Web3 ecosystem. Despite the infinite demand in the Web3 job market, specialists who can contribute to Web3 development are sparsely found.
Because of such scarcity, the Web3 industry compensates its workforce better than Web2. There is an enormous wage gap between Web3 and Web2 jobs, which is in favor of the enthusiasts of this new generation on the internet. And not only it is viable for technical skilled specialists but also the workers from non-technical fields.
Overall, Web3 accommodates both technical and non-technical fields and provides job opportunities that you, as a Web3 enthusiast, can easily find.
Salary Comparison: Web2 vs Web3 Salaries
Now, Web3 is an industry that welcomes everyone from different backgrounds and fields. That makes the job market filled with various opportunities.
Usually, just like in any job, salaries depend on a person’s experience, location, and seniority. However, when compared to Web2 reimbursement, the numbers are quite high.
In tech-related job openings, entry-level smart contract developers have the highest average salary of $120k per year in the Web3 industry. On the Web2 side, software developers with less than 1-year of experience earn only an average compensation of $65k.
This means developers who work in Web2 earn roughly the half amount of what a Web3 developer earns in a year.
While the nature of job positions doesn’t drastically change in both Web2 and Web3, salaries point otherwise.
In Web3, a product manager role has the highest average salary of $112k per year compared to other non-tech roles. The same job openings offer $75k per year in the Web2 industry. The same wage gap can be observed in other roles, such as marketing, design, and social media as well.
The future seems to bring great potential for newer work fields and job opportunities for Web3. Similarly, the benefits of making a career in Web3 and being early in the field are beyond comparison, as this new technology will keep expanding the current employment possibilities for the better.