Web3 Developers Still Building Despite Crypto Winter

- Advertisement -

Castle Island Ventures pours $250 million into Web3

Jason Shah, product manager at Alchemy, a Web3 development platform, says that speed is really picking up.

Jason Shah, product manager at Web3 development company Alchemy, said: Despite the massive drop in cryptocurrency prices, developers are ramping up the pace of building applications using blockchain technology.

- Advertisement -

“We see all-time highs across all forms of growth activity”, Shah said, noting that the likes of Facebook, Adobe and Stripe are moving to Web3.

Web3 companies like OpenSea or 0x are also likely to continue to develop blockchain technology in an effort to address new use cases.

Shah said that the developers are Flocking " into blockchains like Ethereum, Polygon, and Solana, pointing out that despite a 60% drop in the price of ether this year, the use of smart contracts on Ethereum has increased by 40%.

Alchemy tracks activity, including counting active SDKs (software development kits) and dapps (decentralized applications).

See more:

Rate this post
- Advertisement -


Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Maybe you are interested

MetaMask Responds to Criticism of Collecting User Data

ConsenSys, the company that operates the MetaMask cryptocurrency wallet, said the update did not change the data the platform...

Cryptocurrency platform Freeway suspends services citing 'unprecedented volatility'

Cryptocurrency platform Freeway has suspended transactions and services related to its “Supercharger” product until…

South Korean manufacturer MIR4 launches stablecoin

Wemade Co., Ltd., a blockchain video game developer based in South Korea, recently launched its stablecoin...

Crypto Hackers Earn Over $3 Billion Year-to-Date

Data from blockchain analytics firm Chainalysis says that crypto hackers have raked in more than $3 billion...

Web3 Ecosystem Loses Over $428 Million to Hacks and Scams in Q3

The Nomad Bridge and Wintermute hacks accounted for 79,85% - $350 million - of the total losses recorded...

Related posts

- Advertisement -