Web3 bounties are an innovative mechanism for companies to find specialized developers. The latter get rewarded for their work in tokens. It is a popular model within the Web3 world and it’s been successful in solving a lot of problems that would otherwise take longer or maybe remain unsolved. Bounty hunters – the terms used to describe outsourced developers – are usually hired to find and solve bugs, correct already identified mistakes, or simply contribute to a project in progress.
Nowadays, more and more people look for freelance jobs that allow a more flexible lifestyle and the opportunity to work with different projects and people. Web3 bounty programs are great for that since it asks for the completion of specific tasks rather than an ongoing 9 to 5 job. This is why this model is so attractive for web engineers and developers looking for enticing freelance opportunities. There are many different Web3 bounties, but the following four are the ones companies seek out most:
Web3 bounties are also a smart way for companies to have contributors doing work without hiring an entire tech team full-time. Since the bounties are usually specific to a certain task or area of expertise, it narrows the search – and the contributions. This means the developers will be motivated not only by the sight of earning tokens but also by the job itself. The whole process is quite straightforward: companies launch the bounties, bounty hunters accept them knowing beforehand how much they will get paid, and the funds are transferred to their wallets once the task is successfully completed.
Freelance and remote jobs have become increasingly popular since the pandemic hit and people – both the corporate sector and employers – understood the benefits of working from anywhere in the world. Some may say there are downsides, but most agree on the effectiveness of it. Bounties are just one of many ways to freelance and hire freelancers with everything out in the open: both parties know that the pre-agreed payment will only be made if and once the task is completed. This ensures the company is hiring someone who will certainly get the job done since bounty hunters know what they are applying for.
If you are a developer looking to get into the blockchain space or eager to contribute to an exciting project like Integritee, stay tuned for upcoming bounties on our platform.
Blockchain in Aerospace: Reducing Costs & Enhancing Efficiency
Series 1 – All you need to know about TEEs | Episode 3 – TEE Technologies
Series 1 – All you need to know about TEEs | Episode 2 – TEE Use Cases
Series 1 – All you need to know about TEEs | Episode 1 – Introduction to TEEs
Digital Twins: Increasing Efficiency Without Compromising Privacy
AI and Blockchain: The Combo of the Future
L2 in Blockchain: TEE Sidechains vs ZK Rollups
Blockchain: Back to Basics
From Web 2.0 to Web3: A Step Forward
XCM Integration: What Is It and How Does It Work?
Here’s What You Need to Know About XCM Integration on Polkadot
How Can Integritee Help Prevent Fraud Schemes?
How Integritee combines the benefits of Web2 and Web3 technologies
Event Series: Learn How Integritee Is Taking Gaming to the Next Level With Ajuna
TEE 101: How Intel SGX works and why we use it at Integritee
Confidential Computing Will Secure Our Secrets in Web3
Divided We Fall? – Why Crypto Exchanges Should Work Together