Despite regulatory uncertainties surrounding the upcoming 2024 US presidential election, Web3 professionals remain highly optimistic about the industry’s future.
According to a recent ConsenSys report, over 86% of these professionals are positive about Web3’s prospects.
Sarah Howe, ConsenSys’ executive director of talent acquisition, attributes this optimism to the transformative potential of Web3 technology. Howe highlighted that Web3 professionals are motivated by the core values of decentralization, freedom, innovation, transparency, and self-sovereignty. This sense of mission and the opportunity to make a significant impact drive their enthusiasm.
Currently, over 75% of Web3 workers are still employed within the industry, a sign of strong commitment and ongoing innovation in the blockchain space. Only a third of these workers are primarily motivated by employee benefits.
In an interesting development, most Web3 professionals would like a larger portion of their salary in cryptocurrency. While 67% are paid entirely in fiat, only 10% receive their salary in crypto. Additionally, 30% are satisfied with fiat payments, but 51% prefer a mix of fiat and crypto, with only 13% favoring a purely crypto salary.
The survey, conducted by YouGov for ConsenSys, involved 30 Web3 organizations, including the Ethereum Enterprise Alliance, the Blockchain Association, and the Texas Blockchain Council.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.