But seriously, are you considering getting into this just for the bucks? I'd suggest you check out what Moxie and other respectable folks have to say about this first, e.g:
https://moxie.org/2022/01/07/web3-first-impressions.html
You can read about many more fiascos online. I think there are a million more interesting things to get into. The nice thing about recessions is that it cuts out much of the BS, and we've already seen quite a few of these startups go down for good.
It is an unfortunate result of relative lack of regulation that there are a lot of fiascos / scams happening. That doesn't mean there aren't respectable companies / uses. What I personally notice is that when web3 isn't the only way to solve a problem, the sceptics come up in arms and say "see, don't use web3". In my opinion that is a bit of an overkill. Ideas such as ICOs, NFTs etc. are quite interesting ideas; you have people paying a ton of money to speculate on monkey images but on the flip side you also have stuff like ENS.
I think being aware of the risks but having a bit of optimism that with increased regulation & hopefully the gold rush dying out a bit, we'll have a much more healthier ecosystem when it comes to this technology.
Obviously personal opinion and all; so feel free to disagree of course.
Yes, there's are bad ways to misuse NFTs and do things incorrectly. That shouldn't mean that the entire concept is flawed.
Don't overthink it, the people you'll work with are already grifters themselves.
Most projects are smart contracts, so thats Solidity and browser frontends like React
whereas in the Solana ecosystem both the node software and the smart contracts are written in Rust
amongst smart contracts there are about a dozen sectors:
Lending
Staking
Insurance
Options
Futures
AMMs
Optimizers
All the way over to NFTs
Within NFTs there are about 5 distinct sectors too, with the most action and capital occurring in the NFT collections space, followed by NFT marketplaces
and then after all that there are Web 2.0 style SaaS companies that provide services to web 3 customers for subscription fees. thats probably the most boring because they cant juice your compensation with tokens or publicly traded shares.
so pick your sector first.
My strategy was: 1 - learn just the basics on each vertical (bitcoin, EVM, smart contracts, consensus protocols, game theory) - it wasn't difficult having a background as engineer 2 - get a job as PM/PO to be in touch with as many projects as I can 3 - get a deep understanding of the market needs 4 - start working as low level developer on a particular (selected) project, to understand the core and become an expert 5 - manage my own team to sell services (outsourcing) to other entrepreneurs 6 - scale num.5
I share with you a doc I wrote a time ago, describing the roadmap I propose to learn the basics: https://medium.com/rather-labs/the-roadmap-to-become-a-block...
Also, if you want to check my company, you can do it at ratherlabs.com
I wish you the best on this exciting path!
It's really a tragedy that the pump-and-dump web3 space is siphoning off so many entry-level programmers. When the music stops, it's going to be a lot of work for those people to transition elsewhere.
Bussines wise or on technical side ?
Honestly I've seen it other way. Or at least engineers that i follow didn't exhibit such traits
What's considered acceptable risk in the crypto space -- operational, programmatic, business, systemic, anything -- has been far far beyond the threshold of acceptable risk in any non-crypto organization I've ever been a part of. This experience has been consistent across the ecosystems I've participated in, which are Ethereum, Bitcoin, Cosmos, and Stellar.
That number is probably old, before the crypto bloodbath of the last few months.
2. Add the sugar. Use a measuring cup to measure out a cup and a half of sugar, then add it to the pitcher.
3. Add the water. Pour in an entire gallon of water (that's 16 cups) on top of the Kool-Aid mix and sugar.
4. Stir the ingredients well. Keep stirring for about three minutes, until the sugar completely dissolves. If you drink it too fast, the sugar will still be in its crystal form.
5. Taste test your Kool-Aid. See if it needs more sugar or water. Everyone likes their Kool-Aid to taste a little different.
6. Enjoy over ice. Kool-Aid is delicious poured over ice. Fill up a glass with ice and pour in the Kool-Aid. Store your leftover Kool-Aid in the refrigerator for later use.
