Post-2000 Web3 Professionals Exit the Sector Amid Disillusionment
A growing number of post-2000 Web3 professionals are leaving the crypto sector, driven by market volatility and disillusionment with its profit-focused culture. The author, a 2002-born Web3 journalist, recounts losing passion despite benefits like remote work and high pay. Peers such as Wang Yue, Taozi, Xiaoyu and others have shifted to foreign trade, government roles or Web2 startups. This trend reflects a broader Gen Z career shift, treating blockchain platforms as investment tools rather than long-term jobs. The exodus highlights talent loss risks for blockchain projects and may slow technical development. However, experts predict stability as firms adapt and refocus on core use cases, potentially neutralizing short-term market impacts.
Neutral
While the departure of post-2000 professionals reflects eroding enthusiasm for Web3 projects, its market impact is likely neutral. Talent attrition can slow blockchain innovation and reduce speculative trading interest. However, past bear-market periods saw similar developer pullbacks followed by rebounds when projects refocus on fundamentals. In the short term, reduced workforce may dampen new project launches and investor sentiment. Over the long term, industry consolidation and regulatory clarity could stabilize crypto markets. Traders should monitor developer activity and protocol updates for early signs of recovery or further decline.