Beyond ttrading, cryptocurrency and blockchain technology offers several vistas of opportunities Nigerians can take advantage of to better their lives.
This submission was made by the cryptocurrency and alternative finance expert, Rume Ophi when he fielded questions on the current state of the market with journalists recently in Lagos.
Ophi, who is the founder of CryptoPreacher Blockchain Academy, CPA, Premium Ambassador at Newscrypto, and Head of Mobilization for stakeholders in Blockchain Technology Association of Nigeria (Siban) Presidential Task Force, PTF, said that career prospects as well as other business opportunities beyond HODLing and other associated trading activities in the cryptocurrency ecosystem are springing up across world that Nigerians, especially the youths can take advantage of.
Ophi who is also the Co-founder of ThinkCrypto Club, Washington DC USA, further explains: “many a times, people have reached me to say that they are interested in cryptocurrency and want to make money from it. All they want to learn is how to trade with it. To be fair, I can’t blame them because some years ago when I began my career in the cryptocurrency space, my only focus then was on trading, HODLing and buying as many digital assets as I could discern.
“That was years ago. But today, many career paths are in high demand in the crypto market. Rising demand for cryptocurrency has made this space a hot cake. And despite the ban on cryptocurrency trading in Nigeria, there are various career opportunities that presents itself in this market. As the demand for cryptocurrency increases, so too, does the number of cryptocurrency jobs.
“Legacy companies continue to embrace cryptocurrencies, which means those organizations will need more experts in the field. Many of these companies are open to working from home from any part of the world-many thanks to COVID-19, and Nigerians can take advantage of this. These companies which include the likes of Apple, Amazon and PayPal -- are looking for people to fill cryptocurrency jobs. For example, Walmart is looking to hire a cryptocurrency expert to lead its digital currency strategy,”he said.
Further noting opportunities in Blockchain, he queried, “Can you believe that Blockchain expertise is the fastest-growing skill according to the latest skills index and is now one of the hottest in the United States job market?
“The demand for people with Blockchain skills is high. Due to its many fields of application, it is looking to hire those who have the skills set to navigate this new technology. Nigerians can earn a desirable income from blockchain technology through mining, collaborating with cryptocurrency companies, or faucets.
“Nigerians can also make money by operating cryptocurrency master nodes and earning while playing games. The blockchain industry is lucrative and earning a decent income is a step to living your best life. Now you know the easiest ways to make money with blockchain technology, it's time to explore the industry.”
Beyond these, Ophi also explored some opportunities in the wor[ld of non-fungible tokens, NFTs. “This is a very popular concept, which is now making waves in the crypto world. It has been created with the aim of protecting the intellectual properties of many artists and players in the creative arts space. The NFTs have skyrocketed in market value over the past year. Specifically, In 2021, users sent at least $44.2 billion worth of cryptocurrency to ERC-721 and ERC-1155 contracts, the two types of Ethereum smart contracts associated with NFT marketplaces and collections, according to Chainalysis.
“Of course, over here, the story of the Nigerian Corps Member who sold the painting of a drummer and a subsequent video of him giving the aged entertainer his share of the proceeds is a very good example that comes to mind. You too can look for good NFT projects if you feel you want to get into them. I think one example of an NFT that performs well on the market is the Bored Ape Yacht Club. So, imagine you got in very early when it was like USD 0.08, you would be telling another story today.
“Beyond these opportunities, I tell my students that Nigeria needs Crypto analysts, people who study in-depth and predict the value, demands, patterns, and exchanging volumes of explicit digital forms of money and the whole crypto market. One a good example of this with what I do with Channels Television. We need journalists who understand this space and can better report it, we need content writers, Crypto/blockchain security architects who develop systems to secure their organizations' technology from fraudulent transactions and outside threats; Crypto or blockchain security architects understand cryptocurrency security issues, including threats, risk mitigation, risk management and best practices for advanced cryptocurrency security, among others. The opportunities are limitless,” he enthused.