Jobs in NFTs and the Metaverse surge during Q1 2022 – reportBlathnaid O’Deaon April 20, 2022 at 10:05 Silicon RepublicSilicon Republic

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Jobs associated with non-fungible tokens (NFTs) and the Metaverse increased significantly during the first quarter of 2022, while jobs in bitcoin decreased.

That’s according to Freelancer.com’s latest quarterly Fast 50 index. The Australian headquartered crowdsourcing and freelancing website’s index ranks trends in online jobs related to industry, tech, products and companies.

The latest index for the first quarter of 2022 analysed data from 351,000 jobs posted on the platform during the first few months of this year.

According to the index data, jobs for NFTs increased by 37pc to 2,814 jobs. This was up from 2,045 jobs in the previous year. Jobs associated with NFTs also experienced an increase, with roles in the caricature and cartoons category up 19pc to 3,205 jobs (from 2,678). Illustration jobs increased by 10pc (from 9,312 to 10,330 jobs) and 3D design jobs increased by 6pc (from 6,929 to 7,347 jobs).

Metaverse-related projects also saw an increase during the first months of the year. Jobs relating to blockchain were up 109pc to 4,816 jobs. Ethereum jobs were up 31pc to 1,780 jobs. Game design roles in the Metaverse increased by 21pc to 1,780 jobs, while game development positions grew by 18pc to 3,041 jobs.

Bitcoin jobs, Microsoft Office roles and statistic roles all experienced decreased by almost a third when compared with Q1 2022.

The three job types which decreased the most in the first quarter of 2022 included statistics (down 31pc to 2,160 jobs), Microsoft Office (down 31pc to 1,329 jobs) and Bitcoin (down 31pc to 1,045 jobs).

The decrease in Bitcoin jobs was attributed to the crash in the Bitcoin price earlier in the year. Last October Bitcoin reached an all-time high of more than $60,000, however, the price crashed by almost 50pc in the following months.

“In the first quarter we saw ambitious trading of monkey jpegs suck the volume out of Bitcoin related projects,” said Matt Barrie, chief executive at Freelancer.com. “It remains to be seen whether NFTs in their current form are a flash in the pan or whether they become an enduring asset class for investment over speculative trading.”

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