Put developers at the center of web3
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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Web3 development has stalled. The concepts that have dominated the current crypto cycle—L2s, DeFi, RWAs, gaming, and prediction markets—originated in the previous cycle. We’re not growing, and we’re not innovating—we’re stuck. The web3 dev community has done historic work, but that community is vanishingly small—approximately 22,000, less than 0.1% of the estimated 27 million developers worldwide. We can’t onboard “the next billion users” until we onboard the first million devs. To get them, we need to empower devs by treating them as not just builders but creatives, embracing AI dev tools, and fostering a culture of developer collaboration. In his keynote address at the recent Token2049 extravaganza in Singapore, Ethereum (ETH) co-founder Vitalik Buterin outlined his vision for the future of blockchain: finish building the “durable digital structures” that comprise the network’s ecosystem, work toward making crypto faster, cheaper, and easier to use; and preserve the aspirational qualities of blockchain tech that differentiate it from the traditional financial system. It’s an inspiring vision. But who’s going to do all this building and all this work? Where are all the ideas to realize this vision supposed to come from? As we often say in web3, “Devs, do something!” The numbers keep falling Yet, in 2023, the overall number of blockchain devs fell by more than 10%, driven by an exodus of “newcomer” devs (those with less than one year of experience in blockchain), whose numbers dropped over 50% year-over-year. Even with last year’s milestone rollout of Ordinals, Bitcoin (BTC) lost 19% of its devs, leaving only 1,000 BTC builders. The number of web3 developers is decreasing; we need this number to increase. So, instead of saying, “Devs, do…
Filed under: News - @ October 10, 2024 2:20 pm