Regardless of the noticeable decrease in the value of cryptocurrencies, Web3 developers are increasingly actively creating applications using blockchain technology. Alchemy Product Director Jason Shah notes in an interview that the company is seeing a surge in unprecedented development activity in all areas.
In a broad sense, Web3 refers to a new iteration of the Internet, which is largely decentralized and includes modern blockchain technologies.
Alchemy’s vision is to see a world in which new native crypto companies created exclusively on blockchain will appear simultaneously in five years. The current trend of switching to proof-of-stake of such large networks as Ethereum, Polygon and Solana and their mass use has led to an increase in the use of smart contracts by 60% only in 2022.
Jason Shah also shared observations of an unprecedented increase in the number of SDK downloads (software development kit) and dapps (decentralized applications) that are being put into operation.