Top 4 Ways You Can Become a Web3 Project Manager And The Benefits It Brings
Web3 is a turning point in the history of technology, like when the Internet came out or when the telephone was invented. Decentralization has made it possible for many Web3 projects to be made that aim to improve user experiences and add value. The sudden growth of a number of web3 projects has led to a huge increase in the need for Web3 project managers in the field.
Do you want to be a web3 project manager and be paid well? You’ve probably seen the words “NFT,” “cryptocurrencies,” and “DeFi” a lot on social media and in online groups. As more projects are added to the web3 ecosystem, the job prospects for project or product managers will become clear. This post is meant to give you a step-by-step plan for getting web3 project management jobs.
What’s different about Web3 projects?
As the need for web3 project managers grows, people are curious about how web3 and traditional project management might be similar. Before looking for ways to get better at managing web3 projects, you should know what makes them different. The main idea behind web3 is to create decentralised solutions that don’t need to be managed or controlled from one place.
Some people also see web3 projects as building blocks for the next version of the internet, in which blockchain would be used to store database information. Databases are a key part of web2 applications that are already out there, and blockchain would do the same thing for the decentralised web. The most important thing about blockchain is that it can make databases that can’t be changed after they’ve been deployed.
Before looking for web3 project manager jobs, you should know what makes them different from other project manager jobs. Here is a list of the most important ways web2 and web3 projects differ.
- For managing application data, Web2 projects use their own databases. For web3 projects, you must choose between peer-to-peer or blockchain networks for blockchain-based storage.
- The closed-software model is used for Web2 projects, which means that no one else can access the programming logic. On the other hand, web3 projects store their application logic in smart contracts, which anyone can access.
- The web3 project manager’s road map must also take into account how web3 is different from other systems in that it gives users more control over their assets and data. Web2 platforms use a centralised model in which the developer team has access to assets and data belonging to users. On the other hand, web3 does not need personal information to let people use its services. On top of that, users own all of their assets outright.
- The ability to share ownership is another important difference between web2 projects and web3 projects. Users who have accounts on Web2 platforms are not likely to become stakeholders. On the other hand, web3 projects give people the chance to join DAOs and have the right to vote on important protocol decisions.
Who is a Web3 Project Manager?
One of the most important parts of becoming a web3 project manager is getting a clear picture of the job. Managers of Web3 projects or products are responsible for making sure that communities work well, not just for growing them. Project managers for Web3 might have to do things that traditional project managers don’t have to do. Also, project managers should work with different stakeholders using their strong communication, networking, and negotiation skills.
It’s important to remember that a web3 project manager’s skills are meant to ensure that projects are done well and that the community grows. As social media communities grow, Web3 project managers can work on building communities by forming partnerships with big names in tech and business.
On top of that, web3 project managers have to work with marketing teams and do things like support data management and release tasks. In addition to working with the community, web3 project managers are also in charge of token economics, growth marketing, user privacy security, and fund security.
What Web3 project managers have to do
Guides on how to become a web3 project manager would emphasise project manager responsibilities most of all. Depending on how much experience a web3 project manager has, you can expect them to take on different tasks. A web3 project manager’s career has three levels: entry-level, mid-level, and leadership roles. No matter what level a web3 project manager is at, they have to take care of the following tasks.
- Definition, setting priorities, and carrying out tasks in line with the project roadmap.
- Research and analysis of the market, new products, and users.
- Oversaw the whole development lifecycle of the Web3 project.
- Finding out what users want and figuring out their problems will help you develop solutions.
- Product design and how users interact with it are explained.
- Web3 projects are organised, managed, and put into action with the help of engineering and design teams.
- Communication both inside and outside the team with end users.
The jobs of web3 project managers are an important part of the career path for people who want to be professionals. You should also look for a web3 project manager roadmap and know how the roles of web2 and web3 project management are different. Here are some of the most important things that web3 project managers have to do.
- Managers of web3 projects or products have more freedom in how they do their jobs.
- In the web3 landscape, market trends change all the time, so project managers need to learn how to be flexible and adaptable.
- The ability to talk to the public is another important part of what web3 project managers do. As part of their job to involve the community, web3 project managers must work closely with members of the community.
- The skills of web3 project managers are more about what they know than what data they have about users. The environment in which Web3 project managers have to work is very unclear. So, they must rely on their instincts and knowledge to make better decisions.
How much can a Web3 Project Manager make?
Discussions about how to become a web3 project manager also bring up the possibility of making money. One of the most-looked-up parts of career guides is how much a web3 project manager makes. It’s interesting that the estimated salaries for web3 project managers could vary based on things like job titles, key responsibilities, years of experience, and job location.
Web3 project managers can expect to make around $127,653 per year. On the other hand, senior web3 project managers could make between $149,000 and $240,000 per year. Also, web3 project managers could make more money by sharing in the profits, getting commissions, and getting bonuses.
How do you become a project manager for Web3?
The last step of a roadmap for a web3 project manager would be to focus on the best ways to build your career. Since Web3 is new, it could be scary for people just starting out to think about making a living with it. But if you want to get a good job in web3 project management, you have to be willing to take a chance. Here are the best things you can do to build your career as a professional in web3 project management.
The most important advice for people who want to become web3 project managers is to learn about web3. Start your learning with the Bitcoin white paper and the basics of the blockchain. After that, you’ll need to learn about Ethereum, smart contracts, and cryptocurrencies. People who want to be web3 project managers could look for learning materials from influential people in the web3 field.
Practice is the best way to learn how to get around in the Web3 world. You can buy cryptocurrencies or non-fungible tokens (NFTs) and send them to a web3 wallet. Also, people who want to be web3 project managers need to be active in web3 communities on Discord, Telegram, and other online platforms. Most importantly, you can try out new Web3 technologies like layer 2 solutions and DAOs or mint your own collection of NFTs. As a web3 project manager, having hands-on experience with web3 would be a strong point in your portfolio.
Find Web3 projects that are interesting.
Because web3 projects are open-source, you can choose the ones you want to work on. You can look at the portfolios of well-known VCs and look for well-known teams with which you can connect. Along with evaluating community forums, it is important to do in-depth research on project websites and the solutions they already have.
Contact the Web3 Teams
The last step in becoming a web3 project manager is to reach out to the web3 teams you want to work with. Start by being clear about your role as a manager in the Web3 project and how you can help the project. Make sure your experience is part of how you describe your professional portfolio. You can now talk to the main people who started the Web3 project and take part in interviews.
In the detailed guide on how to become a web3 project manager, important information about the journey is shown. To understand how web3 project management is different, you can start by thinking about the differences between web2 and web3 projects. Then, you have to figure out what roles, responsibilities, and skills web3 project managers need. The review of estimated web3 project manager salaries and the benefits of a career in web3 project management will also help you make smart decisions.