Web3 Industry Transformation: Opportunities and Risks Coexist

In recent years, more and more professionals from traditional fields such as fintech, payment systems, and data services have begun to pay attention to the Web3 industry. Among them are frontline developers, senior engineers, product managers, and technical leaders. Most of these individuals have accumulated rich experience in their original fields but have developed an interest in Web3 at a certain stage of their career. This is not out of impulse, but rather stems from reflections on the limitations of their existing career paths and the anticipation of new opportunities brought by Web3.

Web3 is becoming a new career choice

In the past two years, Web3 has gradually transitioned from a concept to actual job demands. On one hand, the acceleration of policies and industry advancements, such as Hong Kong issuing licenses for virtual asset service providers and large enterprises testing the waters in stablecoins and other new fields, has led more domestic teams to choose to "go abroad" for expansion. This has released a significant demand for recruitment in areas such as technology, products, compliance, and marketing. On the other hand, some experienced professionals in traditional industries are also facing a window for transformation. Some are worried about the uncertainties brought by technological iterations, some have lost enthusiasm for repetitive work, and others are contemplating how to rebalance income, lifestyle, and skill accumulation.

Features of Web3 such as "decentralization", "remote work", and "crypto-based income" are beginning to attract the attention of more programmers, developers, and product managers. Web3 does offer a new career path, but for individuals, whether it is a window of opportunity or a door of risks still requires careful judgment.

Key Issues to Consider Before Transformation

For talents looking to transition to Web3, there are several fundamental questions that need to be seriously considered:

1. Can past technical capabilities be smoothly migrated to the Web3 field?

2. Is it necessary to supplement basic skills in on-chain development, such as Solidity, wallet interaction, smart contract deployment, etc.?

3. Is your English proficiency sufficient to handle technical documentation and work environments entirely in English?

4. How to safely and compliantly receive salary payments from overseas projects, often in the form of cryptocurrency (? Will it touch on domestic regulatory red lines?

In addition, there are some potential legal risks that need to be vigilant about. Even if the project entity and servers are overseas, as long as individuals work domestically and have access to backend data, they may fall under the jurisdiction of domestic law. Therefore, there needs to be a clear understanding of the project's trading logic, compliance boundaries, KYC mechanisms, anti-money laundering measures, and so on.

![Lawyer Shao Shiwei | How to determine if a Web3 job is reliable and how to avoid pitfalls when transitioning from a programmer?])https://img-cdn.gateio.im/webp-social/moments-62acecb060e42d8f5cf69102c021bfcc.webp(

Conclusion

The Web3 industry has indeed brought new opportunities: more flexible working methods and higher income ceilings. It attracts developers who are tired of the traditional workplace rhythm and also inspires product managers, architects, and independent developers who are sensitive to new technologies and new models to transform.

However, the characteristics of a fast-paced environment, unclear rules, and ambiguous boundaries of responsibility are also realities that cannot be ignored. Before deciding to transform, it is necessary to carefully assess whether one is fully prepared for this unknown field.