I am writing this article because good to know “Avoid problems and scams regarding web3 jobs”? I could do this like others and use out people but I do not think that is a good way at all. Just because some people do not think they should have to stick to legal laws they still have to. So better if people know about their rights and opportunities.
Maybe not everyone will like me to write this but I think human and employee right are important too.
I will write down some obvious and less obvious problems regarding Web3 jobs
Web3 jobs problems and solutions
Web3 technology includes
- blockchain,
- cryptocurrencies, and
- decentralized applications (dApps),
It is a rapidly evolving field that presents unique challenges and opportunities.
Some problems are obvious while others not, here are the problems and some solutions.
Limited Skill Set or Knowledge Gap
- Problem: You may lack the necessary skills or knowledge in blockchain development, smart contract programming, or decentralized application development.
- Solution: Consider upskilling by taking online courses, attending workshops, joining communities, or earning relevant certifications. Learning platforms like Coursera, Udacity, and Solidity documentation can be great resources.
Lack of Experience or Portfolio
- Problem: Many employers seek candidates with practical experience and a portfolio of projects in the Web3 space.
This does not mean you have to work for free.
Working for free will not help your career that much but make you poor on the long-run.
Case study
Managing a web3 community 1 month for free. Red flag.
No you do not need or want to manage any community for free, only if you want to get into trouble later on. Payment is important if you are working even if that is a web3 job.
Do you want to work for free for a month?
Even if you are doing good you might been thrown out to find someone else for your place who doing it for free for another month.
You will not have anything ever if you are just working for free.
Obviously if you have too much money and time go for it, but otherwise not recommended!
- Solution: Build your portfolio by working on personal or open-source projects, contributing to existing projects, or participating in hackathons and developer challenges. Showcase your projects on platforms like GitHub or GitLab.
I built personal projects too. You can find them here:
These are some of my digital communities I have built for YEARS if these are not enough to show my skills, and someone think I should work to them for free then nothing will be enough for them.
That is a pretty good guess.
Difficulty in Finding Job Opportunities
- Problem: It might be challenging to find Web3 job openings or know where to look for them.
- Solution: Explore job boards, freelancing platforms, and specialized websites that focus on blockchain and Web3 jobs. Websites like AngelList, Crypto Jobs List, and GitHub Jobs often have relevant opportun
Competitive Job Market
- Problem: The job market for Web3 roles can be highly competitive, making it difficult to secure a position.
- Solution: Differentiate yourself by specializing in a niche aspect of Web3 technology, demonstrating a deep understanding and passion for the field. Networking, attending industry events, and building relationships with professionals can help you stand out.
Remote Work Challenges
- Problem: Working in the Web3 space might often involve remote or distributed teams, which can present communication and collaboration challenges.
- Solution: Hone your communication and collaboration skills, be proactive in reaching out to team members, and use collaboration tools like Slack, Zoom, or decentralized alternatives to stay connected and productive.
Uncertain Regulations and Compliance
- Problem: The regulatory landscape for blockchain and cryptocurrencies can be uncertain and varies by region.
- Solution: Stay informed about regulatory updates, comply with legal requirements, and consider working with legal advisors or compliance experts to ensure your projects and contributions align with relevant regulations.
Freelancing and Contract Work Issues
- Problem: If you’re pursuing freelancing or contract work in the Web3 space, securing consistent projects or managing finances can be challenging.
- Solution: Develop a strong network within the industry, leverage freelancing platforms, create a personal brand, and manage finances efficiently to ensure stability and sustainability.
Typical scams
Phishing Scams
Case
Phishing scams involve deceptive websites or communications that mimic legitimate platforms to trick users into revealing their
- private keys,
- passwords, or
- other sensitive information.
Prevention
Always verify the URL of the website, be cautious of unsolicited communication, and never share your private keys or sensitive information.
Ponzi, Pyramid and MLM Schemes
Case
These schemes
- promise high returns on investment,
- recruiting others to invest in a system that relies on new investments to pay existing members.
Prevention
Avoid investment opportunities that guarantee high returns with little or no risk. Conduct thorough research and seek advice from financial experts before participating in any investment opportunity.
Fake Initial Coin Offerings (ICOs)
Case
Scammers
- create fake ICOs,
- often promoting non-existent or worthless tokens to attract investors and steal their funds.
Prevention
Verify the legitimacy of ICOs by
- researching the project team,
- reading the whitepaper, and
- checking for a clear roadmap and use case.
Fake Wallets and Exchanges
Case
Fraudsters create fake wallet apps or exchanges that mimic popular ones, aiming to steal users’ private keys or funds.
Prevention
Only use reputable and verified wallet applications and exchanges.
Verify the official website and app store listings before downloading any applications.
Impersonation Scams (Social Engineering) using AI
Case
Scammers impersonate well-known figures or projects within the Web3 space, attempting to deceive individuals into sending funds or revealing sensitive information.
Prevention
Always verify the identity of individuals or entities you interact with online, especially when dealing with financial transactions or investments.
Smart Contract Exploits
- Description: Smart contract vulnerabilities can be exploited by malicious actors to drain funds or disrupt decentralized applications (dApps).
- Prevention: Ensure that smart contracts are audited by reputable auditing firms to identify and mitigate vulnerabilities before deployment.
Unverified Airdrops and Giveaways
- Description: Scammers may pose as legitimate projects, offering free tokens in airdrops or giveaways, requiring users to send a small amount of cryptocurrency for “verification.”
- Prevention: Be skeptical of unsolicited airdrop offers or giveaways. Verify the legitimacy of the project and never send funds in exchange for free tokens.
Fake Partnerships or Collaborations
- Description: Scammers create fake announcements about partnerships or collaborations with well-known projects or influencers, aiming to gain credibility and lure users into scams.
- Prevention: Verify the authenticity of partnerships by checking official announcements from the concerned parties and avoid engaging with unverified collaborations.
What to do?
Do not trust in these companies.
They can do their shady things but you do not need to get stuck in their shady things and activities instead work for real salary and wait for real opportunities. Trust in yourself and in employee rights too. Report those companies to authorities.
Hopefully not any employee want to create a world where you work for others and die as you can not buy anything for your not existing salary.
Avoid scams
Not all of the Web3 jobs are bad, but you have to work for a company if they are paying for you normally, If they want to
- pay in crypto,
- expect you to invest into them first,
- want you to work for them for free for a month…
that can be a scam.
More than 50% it is a scam and if you have time do it otherwise I am not recommending it to try and waste your precious time.