❗The State of Web3

The rapid growth of blockchain technology has led to the creation of thousands of Web3 projects, digital art collections, and decentralized applications, which offer the bold promise of a more decentralized Internet and true ownership.

However, building innovative, technically viable, and user-oriented Web3 projects requires extensive experience in smart contract development and a deep understanding of blockchain architecture, logic, and security. This usually creates a technical threshold that hinders many brands and creators from launching their projects on the blockchain.

Overcoming this threshold usually requires the support of an experienced technical partner and high costs, which presents its own challenges and makes it very difficult for most creators to enter the space.

The adoption of Web3 and the launch of new projects is largely penalized by:

💰 COSTS

Senior solidity developers’ salaries range between $100K and $200K. Web3 projects with complex dynamics can cost over $100K

🐢 DELAYS

Complex Web3 projects usually take many months to develop.

🗒️ AUDITING COSTS

Smart contract audits are costly and sometimes overlooked.

👩‍💻 ACCESSIBILITY

There are still few developers with the required skills.

🔮 INNOVATION

Limitations to innovation due to lack of knowledge of the possibilities that the tech has to offer

🔐 TECHNICAL VULNERABILITIES

Due to the intrinsic nature of digital property, mistakes are costly and can result in the loss of sizable amounts of funds.