The late Reggae maestro Robert Nesta Marley said many years ago, “in the poll of the abundance, the fool is thirsty” this aptly explains the hidden opportunities in cryptocurrency that is unknown to many people.
This piece intends to reveal these opportunities one after the other and subsequently guide you into making effective decisions whilst taking advantage of the benefits of the crypto world.
The under-listed opportunities among others are offered by cryptocurrency and can put a stop to Unemployment among Nigeria’s teeming youth.
Cybersecurity experts: This profession requires an advanced comprehension of cybersecurity best practices as well as experience with threat detection and incident response. Compensation can be comparable to blockchain developers.
Product managers: They are responsible for understanding market needs and defining product strategies.
Product managers in the blockchain industry need to have a deep understanding of blockchain technology, stay up to date with market trends.
In Nigeria’s capital, Lagos, the job data aggregation site Glassdoor estimates that product managers make the local equivalent of more than $15,600 a year, which is considered an upper middle-class salary.
Of course, professionals that work with international clients can command much higher rates as well.
Blockchain Developer: The applications, protocols, and underlying infrastructure that support Bitcoin transactions are designed, programmed, and maintained by blockchain developers.
They program the consensus algorithms, wallets, decentralized applications (dApps), smart contracts, and other essential elements sustaining blockchain networks in languages like Solidity and Vyper.
Additionally, expert blockchain engineers are essential as cryptocurrency strives to be the cornerstone of Web 3.0.
According to hired.com, the average salary for blockchain developers has increased to $132,000 due to demand.
Cryptocurrency UX/UI Designer: Applications in the crypto/web3 space are enhanced and optimized by user experience (UX) and user interface (UI) designers for seamless accessibility, usability, and aesthetic appeal.
An important competitive advantage for Bitcoin systems competing for mass adoption is an intuitive and appealing design.
User experience and user interface (UX/UI) designers use techniques like wire framing, prototyping, and user research to create experiences that make sophisticated blockchain applications feel natural and simple.
In the cryptocurrency industry, UX/UI designers can earn lucrative salaries that range from $70,000 to $150,000 per year, depending on experience and specialization.
Cryptocurrency Security Architect: Security is of the utmost importance in the blockchain and cryptocurrency industries because billions of dollars worth of digital assets are at stake.
To protect cryptocurrency businesses, security architects create, test, and put into place strong cybersecurity processes, threat monitoring systems, and disaster recovery mechanisms.
Furthermore, to be successful as a crypto security architect, you need to have a deep understanding of blockchain security, networking knowledge, and programming skills.
Cryptocurrency Analyst: Crypto analysts forecast prices, analyze trends, simulate scenarios, and direct strategic investment decisions by using currencies, tokens, protocols, DeFi applications, and blockchain initiatives.
Success as a cryptocurrency analyst is mostly dependent on having strong analytical skills, financial modeling expertise, and an instinctive understanding of market mood.
Additionally, data gathering, technical analysis, fundamental research, competitive benchmarking, portfolio optimization, and creating insights that may be put to use are all possible aspects of the job.
Crypto Marketing and Communications Manager: There is a growing need for marketers, communicators, and PR experts who are conversant with cryptocurrencies as crypto companies try to appeal to mainstream audiences.
Through positioning, messaging, community involvement, and focused advertising made specifically for the crypto/Web3 industry, they promote brands.
Additionally, copywriting, content creation, social media marketing, press relations, and community involvement are important duties.
Blockchain Recruiter: In a job market that is fiercely competitive and expanding quickly, blockchain recruiters find and entice top talent.
To discover employment needs, create role specifications, screen prospects, and match individuals to openings, they work closely with blockchain startups and cryptocurrency businesses.
Therefore, it’s crucial to have experience building employer branding, evaluating specialized skill sets, and networking in crypto networks.
Crypto Technical Writer: For average consumers, blockchain technology can seem impenetrable. Tech writers produce training materials, FAQs, guides, tutorials, and documentation to make the adoption and use of Bitcoin products easier.
They simplify complicated blockchain applications. Writers who can effectively explain complex information and demystify cryptographic concepts will be in high demand.
But what is cryptocurrency? Cryptocurrency is a decentralized digital money that’s based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 9,000 different cryptocurrencies in circulation.
It is a digital, encrypted, and decentralized medium of exchange. But, unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet which is made majority of people more often than not doubt the authenticity of this financial instrument.
Bitcoin was the first cryptocurrency,and first outlined in principle by Satoshi Nakamoto in a 2008 paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” Nakamoto described the project as “an electronic payment system based on cryptographic proof instead of trust.”
Meanwhile, Nigeria is a note a newbie, nor can it be ignored when it comes to Cryptocurrency and it dealings, study revealed that Nigeria ranks highest as the country most curious about cryptocurrency With a total search score of 371, Nigeria topped the list for the highest search levels for the phrases ‘cryptocurrency’, ‘invest in crypto’ and ‘buy crypto’ worldwide. Additionally, the population of Nigeria searches for the cryptocurrency ‘Solana’ the third most worldwide.
Nigeria also has the largest crypto market on the African Continent and ranks third behind only the US and Russia on the global stage.
The country generated more than $400million in transaction volume, according to Statista.
This is despite a ban by the Central Bank of Nigeria on cryptocurrency usage. Meanwhile, Nigeria and Kenya are the only African countries on the list of the top 15 countries most interested in cryptocurrency.
As a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions.
With the world tilting towards the adoption of cryptocurrency as evidenced in the recent happenings across the world, the army of unemployed Nigerian youth cannot afford to overlook the many opportunities offered by the cryptocurrency.
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