(Newswire.net — October 19, 2022) —
A global interest in self sovereignty is fueling the charge of Web3 in today’s technology-focused society. Web3 is an evolved version of what experts call Web1 and Web2. Web1 was a conglomerate of digital read-only information. Web2 saw the birth of a digital hierarchy and data regulated and owned by big businesses. As we know it today, Web3 is a decentralized online space owned by everyone.
Web3 developers are working around the clock to solve the problems that arose with Web2. In 2021, over 18,000 Web3 developers were actively contributing to open source projects. In addition, over 34,000 developers committed code for the first time. This number is the highest to date. These developers are contributing to a variety of sectors within Web3, including but not limited to public blockchains, decentralized applications, and tokenized communities.
Studies show that more people than ever are engaging with these types of technologies, and it’s only continuing to grow. The total crypto market cap is currently worth $873.07 billion, and the metaverse is predicted to be worth $13 trillion by 2023.
Because of this switch to Web3, the future of work is forever changed. New digital roles like full-stack developers, technologists, and data scientists are in high demand. Bottom line, Web3 is changing the makeup of the modern workforce. Reports show that independent work currently generates more revenue than wage and salary workers. In fact, the numbers are nearly doubled, explaining why 2 in 3 people considered quitting their jobs in 2021 because of greater opportunities. Web3 is enabling the self-sovereign worker, and experts are predicting there will be 90 million self-employed workers by 2028.
This type of emerging technology is also changing the way that we work. First, there is less of a reliance on the typical 9-5. In fact, nearly 60% of workers had flexible schedules in 2019. In addition, people are able to work from anywhere in the world, expanding both their opportunities and their potential. Studies predict that more than 12 million jobs will be created by tech by 2025, and many global leaders are backing the future of Web3 work. These figureheads look favorably on this new technology, saying that it is a “huge opportunity” and “could enable an open and interoperable new generation of the Web.”
There are several services that are assisting workers in this new Web3 environment. These services are fostering a promising future of payroll and benefits for every type of sovereign worker. From the crypto enthusiast to the freelancer to the start-up founder, there is support available every step of the way. Just because one does not work for a specific company does not mean that they cannot reap employment benefits that they have the right to. In this new age, it is possible to work independently without sacrificing the personal benefits of being part of an established organization.
Web3 is here to stay, and as it continues to grow and thrive, it will only further change how, where, and why we work in today’s society.
Source: Opolis.co