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Median Web3 developer salary stands at $128K in 2023

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In a recent Pantera survey, less than 2% of respondents said they worked full-time in an office setting, with the rest working remotely. A typical Web3 developer has a median salary of $128,000 in 2023. According to a recent survey by Pantera Capital, the highest Web3 engineer salaries were reported in North America at $166,610, followed by $102,226 in Europe, Middle East and Africa, $90,559 in Latin America, and $75,000 in the Asia Pacific Region. The survey featured over 1,600 respondents across 77 countries; 40.1% of respondents worked in the decentralized finance (DeFi) sector, followed by centralized finance (26.1%) and blockchain infrastructure (15.2%).  Less than 2% of developer s surveyed said they worked in a physical office space full-time, while 10.6% said they worked in a hybrid in-person/remote work environment. The remaining 87.8% said their work was fully-remote. In the U.S., junior and intermediate-level Web3 developer salaries fell by 4-8% within the past year to ...

Connext founder proposes 'Sovereign Bridged Token' standard after Multichain incident

EIP-7281 will allow token issuers to list official bridges and limit the rate at which they can mint tokens, potentially limiting losses from bridge hacks. An Ethereum Improvement Proposal (EIP) made on July 7 seeks to standard ize how tokens are bridged between networks. The “Sovereign Bridged Token” standard , or EIP-7281, allows token issuers to create canonical bridges across multiple networks.  The proposal was co-authored by Arjun Bhuptani, founder of the Connext bridging protocol. In a July 7 social media post, Bhuptani claimed the protocol would help prevent issues like the July 6 Multichain incident , which some experts have described as a “hack.” Today's @MultichainOrg hack is a sad reminder of the systemic risks tokens face from bridges. We believe these risks stem from a single underlying problem: Token Sovereignty We're proposing ERC-7281 (aka xERC20) - an open standard to fix this.https://t.co/k9Vyd55Eb5 1/x — Arjun | ERC-7281 arc (@arjunbhuptani) July 7,...