Opportunities and Challenges for Programmers Transitioning to Web3

In recent years, the rapid development of the Web3 industry has provided professionals with new career development directions. An increasing number of professionals from traditional fields such as fintech, payment industry, and data services are beginning to pay attention to this emerging area, hoping to find new opportunities and challenges.

There are multiple reasons behind this trend. Firstly, the policy environment and industrial development of the Web3 sector are accelerating. Secondly, some highly qualified professionals in traditional industries are facing career development bottlenecks and are seeking new breakthroughs. The characteristics promoted by the Web3 industry, such as "decentralization", "remote work", and "high income", have attracted the attention of many job seekers.

However, before considering a transition to Web3, job seekers need to carefully weigh multiple factors:

1. Skill Matching: Are the existing skills applicable to Web3 project development? Is there a need to learn new skills such as Solidity?

2. Language proficiency: Can you adapt to an all-English working environment?

3. Salary Structure: How do you view the model of using cryptocurrency to settle compensation?

4. Legal Risks: How to ensure that one does not violate relevant laws and regulations?

Taking the case of a product manager who has worked in the traditional payment industry for nearly ten years, earning around 500,000 annually. He received an offer from a Web3 exchange with a monthly salary of 90,000 dollars, working remotely. This job seems very attractive, but there are also many uncertainties, especially regarding legal risks.

Another case involves a backend developer who held a core technical position at an overseas Web3 trading platform. Due to a lack of compliance awareness, he ultimately became embroiled in a criminal case. This case highlights the potential risks one may face when working in the Web3 industry.

Transitioning to Web3 indeed offers new possibilities for professionals, including more flexible work arrangements and higher income potential. However, this industry also has characteristics such as a fast pace, unclear rules, and blurred boundaries of responsibility.

Therefore, before deciding to transition, job seekers need to carefully assess whether they are truly prepared to face the challenges and uncertainties of this industry. At the same time, it is essential to fully understand the relevant laws and regulations to avoid inadvertently violating the law. Only with a comprehensive understanding and preparation can one better seize the opportunities brought by the Web3 industry.