Putting Developers at Core of Web3 Could Boost Industry Development

The Web3 ecosystem has certainly evolved, but there’s a surprising twist: the developer community is quite small. There are roughly 22,000 developers in the Web3 space, which is less than 0.1% of the estimated 27 million developers worldwide. To bring “the next billion users” into the blockchain world, we need to focus on attracting and empowering developers. By putting developers at the heart of Web3, we can spark innovation, boost collaboration and get this industry moving forward.

Now, let’s highlight an important issue: the number of blockchain developers is steadily dropping. In 2023, we saw a decline of more than 10%, and the number of newcomers, or those with less than a year in blockchain, plummeted by more than 50%. Instead of shouting at developers to “do something,” we should be asking, “What can we do for developers?” It’s all about creating a welcoming environment that inspires creativity and encourages developers to take some risks.

Speaking of creativity, we need to realize that developers aren’t just code monkeys; they’re creatives too and need to be treated as such. Coding isn’t always a straight line; it can be messy and nonlinear. So, we need to create spaces where developers can experiment and explore new ideas. By giving developers the right resources and support, we can empower them to turn their wild ideas into reality. This change in mindset can lead to some fantastic breakthroughs that benefit the whole Web3 ecosystem.

Another game-changer in empowering developers is embracing artificial intelligence (AI) in the coding process. Instead of seeing AI as a potential job stealer, let’s view it as a super handy tool that enhances productivity. For junior developers, AI can speed up their learning, allowing them to focus on grasping key concepts rather than getting lost in endless documentation. AI can also be a game-changer for veteran developers by streamlining workflows, shortening deployment times and boosting project quality. With AI integration into the mix, a more efficient and innovative environment can be created for all developers.

Currently, the Web3 developer scene seems fractured and isolated. There is no sense of community to make tech thrive. To change this, we should create more opportunities for real-life interactions, including shared workspaces and networking events. When developers get the chance to meet face-to-face, they’re more likely to connect and spark creative ideas together.

Overall, putting developers at the core of Web3 is essential for breathing new life into the industry. Tackling the decline in developer engagement, fostering a culture of creativity, embracing AI as a valuable ally and promoting collaboration will help create a thriving and innovative environment.

As those factors are considered and implemented, we could see enterprises such as NextPlat Corp. (NASDAQ: NXPL) (NASDAQ; NXPLW) almost fully switching to Web3 solutions instead of only adding a few Web3 functionalities to their services.

NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL

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