TL;DR:

• Season one of the Data Alchemist Boot-Camp was a roaring success with numerous Data Alchemists landing jobs in Web3. It's now time for season two. Sign up here before June 8.

• The Data Alchemist Boot-Camp pays participants up to $5,000 to learn Web3 Business Intelligence.

• The 4-week boot-camp teaches how to create in-depth Reach, Retention, and Revenue (RRR) analysis to answer business questions across multiple chains, protocols, and user types.

• AI & LLMs will start to shift demand away from SQL writers to data analysts. With Increment, there’s no longer a need to write SQL; our software does it all for you. Formulate prompts, run, and start your analysis.

• Spots are limited so sign up now.

Analytics Is One Of The Most In-Demand Skills

The growth of stablecoins, NFTs, and DeFi products over the last 18 months has led to huge demand for Web3 analysts. Even with a market downturn, stablecoins have a $152 billion market cap and NFT volume has grown to 35x the volume Ebay was doing at IPO (source).

Global brands such as Adidas, Nike, and Samsung have acknowledged this trend and now have departments of Web3-focused data scientists and analysts. Similarly, if you visit the job boards of leading Web3 companies - such as Binance’s careers page - there is an unresolved backlog of unfilled data-driven roles.

We believe demand is not the limiting factor for blockchain analytics, but rather a shortfall in the supply of proficient blockchain data analysts. Analysts have been hindered by a serious shortage of appropriate tooling and the necessary training to use these tools effectively - until now.

Covalent has addressed this challenge by creating a customizable, no-code analytics solution known as Increment. The objective of the Data Alchemist Boot-camp is to empower thousands of analysts with the knowledge and skills to leverage Increment effectively.

What Is The Data Alchemist Boot-Camp?

The boot-camp's curriculum spans 4-weeks, encompassing exciting course content, and challenges. This includes completing in-depth Reach, Retention, and Revenue (RRR) analysis to answer business questions across multiple chains, protocols, and user types. The challenges you complete will showcase your skills and talents in Web3, making you competitive for a career in the industry. The focus of the boot-camp has shifted away from teaching SQL to using our no-code analytics product - Increment - to teach people how to derive value from data.

Everyone who completes the boot-camp will earn $1000 in premium Increment credits (1M credits) so you can continue using our products to increase your skills. There will be a total of $200K in prizes to win:

• 🥇 $5000

• 2- 5: $1000

• 6-10: $500

• 11-50: $250

• Everyone: $1000 in premium Increment credits. These credits will be added to your Increment account and are not redeemable for USD.

All cash prizes (Top 50) are in USD but paid out in Covalent’s native token CQT. We plan on scaling this educational initiative to 1,000 Web3 Data Analysts with a new season every quarter - so don't get disheartened if you aren't accepted in this cohort.

Week One – Introduction to blockchain data and business intelligence.

The boot-camp starts by introducing Data Alchemists to the structure of blockchain data and how it’s used to form impactful analysis. Without this understanding, it’s extremely hard to build meaningful analytics that can drive results.

Week Two - Reach, Retention & Revenue (RRR) framework for Web3 analysis.

In week two - building upon their newly acquired understanding of blockchain data - Data Alchemists analyze two competing projects using the Reach, Retention, and Revenue framework. Data Alchemists will learn how to apply the RRR framework to answer a series of Web3 business questions.

Week Three – Build multi-chain analysis across 100+ chains with a standardized schema

During the third week, Data Alchemists will leverage the RRR framework to carry out a comprehensive, detailed analysis of a token's cross-chain traction. This includes tracking the flow of capital, analyzing buy and sell volumes, understanding liquidity utilization, and much more. The insights gathered from this analysis will then be used to make a decision on where to fund a liquidity mining program.

Week Four – Learning how to utilize AI and LLMs to supercharge your analysis.

In the final week of the boot-camp, Data Alchemists dive into the role of AI and Large Language Models (LLMs) in elevating data analysis, enhancing decision-making, and sparking new ideas. Ignoring this technology is like entering formula one with a racehorse - you’ll quickly get left behind.

What It Means To Be A 'Data Alchemist'

A 'Data Alchemist' is a determined, self-starter who is keen to demonstrate dedication to their project and personal growth in Web3. They will become part of the Data Alchemist community, which already has over 250 analysts, all passionate about pushing the boundaries on what's possible in Web3 analytics.

Becoming a Data Alchemist requires commitment; the Data Alchemist Boot-Camp is an intense and demanding course and participants learn and grow based on the time and effort they put into the process. As a result, the Data Alchemist community has become an amazing environment to maximize personal growth and be at the forefront of Web3. While some people took a month off work to complete the boot-camp during the first cohort, the program is designed to be flexible to accommodate students and professionals globally. As such, the boot-camp is structured as one recorded lecture a week with asynchronous assignments and Covalent team office hours that span multiple time zones.

The only prerequisite to joining our Data Alchemist Boot-Camp is a desire to learn about Web3. There is a real need for individuals who are experts in this new cross-section of data and blockchain. We want to help train these future leaders to quickly fill these new roles in the near term. This boot-camp is how we try to spark change in an exciting and rapidly growing community.

Our Track Record of Educating Web3 Users

Season one of the Data Alchemist Boot-Camp was a huge success with:

• 1500 applications

• 250 trained Data Alchemists, and

• 125 boot-camp Graduates

Season two aims to build upon this success and take the Data Alchemist Boot-Camp to a whole new level. We’ve engineered the boot-camp to teach practical Web3 analytical skills, the backbone of numerous roles within the Web3 ecosystem.

We're proud to help bridge the gap between Data Alchemists and experienced blockchain professionals, offering opportunities for learning and career advancement in the industry. A considerable number of our Data Alchemists have already gone on to secure analyst positions in the industry, showcasing the real-world impact of our program.