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<\/p>\nA typical Web3 developer has a median salary of $128,000 in 2023.<\/p>\n
According to a recent survey by Pantera Capital, the highest Web3 engineer salaries are\u00a0in North America at $166,610, followed by $102,226 in Europe, Middle East and Africa; $90,559 in Latin America; and $75,000 in the Asia-Pacific region. The survey featured over 1,600 respondents across 77 countries, with 40.1% of respondents working in the decentralized finance sector, followed by centralized finance (26.1%) and blockchain infrastructure (15.2%).<\/p>\n
Less than 2% of the 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% said their work was fully remote.<\/p>\n
In the U.S., junior- and intermediate-level Web3 developer salaries fell by 4% to 8% within the past year to $110,000\u2013$150,000. Meanwhile, compensation for senior-level developers grew by 1.5% to $192,585 during the same period.<\/p>\n
Similar salary levels were reported for finance, business development and product operations positions. Salaries for Web3 marketing and operations experts were among the lowest, with less than $66,000 for junior positions in such roles. As for Web3 executives, starting salaries in the U.S. range from $147,363 for seed startups to $335,400 for firms beyond Series C funding. Ninety-seven percent of all respondents were paid in fiat currencies, with the remainder electing to receive their salaries in crypto.<\/p>\n
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On top of regular remuneration, one in five individuals surveyed said they received a token incentive package averaging $50,000 from seed companies to $130,000 for Series C+ firms. Such token incentives typically have a vesting schedule lasting over four years. The Pantera data will be updated every six months, the firm said.<\/p>\n