The combination of demand, hype and opportunity in late-2021 continued to drive jobs on Freelancer well into Q1 2022. Popular NFT collections, such as Bored Ape Yacht Club and CryptoPunks, propelled the hype and continued to make headlines for record breaking sales and mainstream celebrity involvement. According to data from the biggest NFT marketplace OpenSea, sales for NFTs on its platform boomed with over US $3b in transactions in August alone. “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.”įreelancer says that while NFTs started to gain attention at the beginning of 2021, popularity and demand for NFTs exploded in the second half of 2021.

“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. The top three job types which decreased the most in Q1 2022 include statistics (down 31%, to 2,160 jobs), Microsoft Office (down 31%, to 1,329 jobs) and Bitcoin (down 31%, to 1,045 jobs). However, says not every job type grew significantly. Jobs relating to Blockchain (up 109%, to 4,816 jobs), Ethereum (up 31%, to 1,780 jobs), Game Design (up 21%, to 1,780 jobs), and Game Development (up 18%, to 3,041 jobs) also grew significantly in the quarter when compared to Q1 2021. Metaverse related projects also saw an increase. According to the Freelancer Fast 50 quarterly index, which is based off data from 351,000 jobs posted on during Q1 2022, jobs for Non-fungible Tokens/NFTs (up 37%, to 2,814 jobs), Caricature & Cartoons (up 19%, to 3,205 jobs) and Home Design (up 18%, to 1,518 jobs) rank as the highest growing project category for the quarter.

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