According to the survey, less than 40% of surveyed employees received equity, while about 50% received tokens.
In the crypto sector, recent hires are more inclined to get equity instead of tokens, as per a survey by Variant and Union Square Ventures. The two crypto companies surveyed businesses in their investment portfolios to grasp emerging trends in 2023.
Drawing from input gathered by speaking to employees at 32 Web3 startups, the survey revealed that unlike in the past, when crypto companies tended to compensate employees with tokens instead of equity, the reverse is now preferred.
According to the survey, Web3 firms have provided token-based compensation to employees since 2013, with none offering equity compensation before 2018. Less than 40% of surveyed employees received equity, while about 50% received tokens. In 2023, this trend reversed as new hires were three times more likely to receive equity than tokens.
