Web3: Venturing into a New Digital Frontier

Web3: Venturing into a New Digital Frontier

68% of developers are actively developing or planning to build Web3 applications within the next year.

This strong level of developer interest underscores the momentum Web3 has gained—despite ongoing challenges around security, usability, and regulation. While some still see Web3 as a niche or experimental space, the reality is that developers are diving in, eager to explore its potential.

What's driving this engagement? The ability to create decentralized applications (dApps) that provide users with greater control over their data, ownership of digital assets, and new economic incentives. Blockchain-based platforms are not just for cryptocurrency anymore—industries from gaming to finance to social networking are exploring decentralized alternatives that could reshape how digital services operate.

However, Web3 isn't without hurdles. Adoption remains largely limited to those already immersed in blockchain technologies, and mainstream users still face usability challenges. But as more developers get involved, and large organizations continue their early experiments, we're seeing the groundwork being laid for Web3’s long-term impact.

Full report here

For companies looking to sell products or services to developers, this is a pivotal moment. How are you adjusting your strategy to support developers exploring Web3? Are your tools, APIs, or infrastructure aligned with this shift?

Let's discuss: What do you see as the biggest opportunities (or risks) in the growing Web3 development landscape?

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This information is from the Evans Data Corp. Analyst Insight Report - Web3 available from Evans Data. One subscription brings an entire year's worth of fresh information from developers working in this area.

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