Big fish eat little fish. Developers swarm to the latest protocols like moths to a flame.
“Web3” may be one of the biggest buzzwords of 2022, but the idea of creating an entirely decentralized platform to host decentralized applications has long been a vision of the crypto community. While it’s notable that some blockchain companies began building out Web3 applications four or five years ago, the Web3 space has only started gaining traction recently.from Electric Capital, a venture capital firm that has been investing in Web3 companies since 2018.
For instance, Shen explained that part-time developers can easily come in and build out Web3 projects. “In Web2, you either work for Google, or you don’t. There really isn’t an option in-between. But Web3 allows for hobbyists to join,” she said. And due to its open nature, Shen explained, the Web3 space contains more of a variety for developers, letting individuals work either full-time, part-time or even on occasion.
For example, taking centralized points of data and incorporating that within decentralized protocols is an important feature of Web3. In regard to how this may help Web3 developers, Douglass said that Ameberdata Beacons will be used at ETHDenver 2022’s “Buidlathon,” where over 3,000 Web3 developers will have the opportunity to build their own API3-powered data feeds. While Douglass commented that he is curious to see what use cases will be built, he explained that Beacons are not about helping developers build faster.
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