54% of Aspiring Web3 Professionals Can’t Land Their First Job: Bitget Report

Bitget has revealed the biggest pain points within the job opportunities that plague the blockchain industry through its Web3 Next-Gen Talent Intelligence Report.

The report draws results from the recent study done by the Blockchain4Youth (B4Y) initiative, which found that the talent pool within the Web3 industry is severely lacking.

The study surveyed aspiring and early-career professionals across multiple regions, and the findings revealed that while Web3 is attracting educated talent, many of them can’t land their first jobs.

Poor Prior Experience is the Reason for Lack of Job Opportunities

More than 54% of professionals who submitted their answers said that not having prior experience prevents them from applying even for junior positions.

52% of the respondents have pointed at the key issue: lack of proper blockchain education. The respondents have clearly stated that although the curriculum is rich with theoretical knowledge, it does not provide practical tutelage that could help students land a job.

Blockchain Has Expanded, Job Market Has Not

The findings have made it clear that even though blockchain education has expanded at a global scale, the same cannot be said for employment pathways.

This has created a dissonance between education and job opportunities. The report concluded that the Web3 industry is in a position where the talent is high, but the number of qualified candidates is low.

Emerging Markets are Crucial to Shape Web3’s Future Workforce

The report suggested that emerging markets could play an important role in expanding Web3 employment opportunities. More than half of the respondents were from Nigeria, Indonesia, and China. 46% of the participants were between 23 and 30 years old, and more than half of them had advanced degrees.

The Biggest Challenge is Converting Talent into Employment: Bitget CEO

Gracy Chen, CEO of Bitget, wrote about the importance of ensuring that talent can easily be converted into employment.

She admitted that although the industry is attracting talent at a global scale, it also highlighted a major pain point: a large number of motivated and educated candidates are struggling to take their first step into the industry.

Other Key Elements From the Report

The Web3 Next-Gen Talent Intelligence Report also highlighted other aspects related to job opportunities and talent interest.

Jobseekers are Now Picking AI+Blockchain Path

According to the report, 61% of the respondents want to look for opportunities within ecosystems created from AI and blockchain convergence. However, they have complained that although the niche is part of everyday blockchain conversation, it does not offer much in the way of a career development path.

Demand for Mentorship is Rising

Because of a lack of experience, 62% of the respondents stated that they are willing to participate in mentorship programs to increase their chances of entering the Web3 industry.

Blockchain4Youth Continues to Expand

The Web3 Next-Gen Talent Intelligence Report is said to be another logical step towards expanding Blockchain4Youth, which is Bitget’s initiative to impart blockchain education to people worldwide and develop a new workforce.

With these findings, it has become clear that new learning pathways are needed that provide students with practical industry exposure.

Over 10,000 learners worldwide have registered on the Blockchain4Youth Learning Hub so far. Those who complete it receive a certificate, which can then be used to gain priority access to job opportunities that emerge from Bitget and the Blockchain4Youth Talent Alliance.

Alongside initiatives including Boxed for Opportunity, educational partnerships, and career-focused programmes, Blockchain4Youth is focusing deeply on bringing learning, mentorship, and career development opportunities within the Web3 space together.

At the end of the report, it was concluded that to bridge the gap between industry and education, educational institutions, employers, learning platforms, and industry participants will need to work together to find solutions.