Alchemy manager Jason Shah said that despite the decline in crypto markets, application development activities with blockchain technology are increasing.
It seems that the crisis in the markets does not slow down the developers.
Blockchain Explained by Alchemy Admin
Working as a product manager at Web3 development company Alchemy, Jason Shah said that the developers have accelerated their activities.
“We’re seeing something other than a crypto winter. We are at all-time highs in any development activity.”
Shah noted that huge companies like Facebook, Adovbe and Stripe are making the switch to Web3.
Web3 refers to a new definition of the internet that includes blockchain and other new technologies in general.
Shah continued:
“Five years from now, we may see a world where we merge with our new crypto companies that can only be built with the technology that blockchain provides us, and web2 companies that incorporate this technology into their products.”
Shah said that despite the huge drop in the value of the tokens, developers have a strong interest in blockchains such as Ethereum, Polygon and Solana. The manager emphasized that the use of smart contracts on Ethereum has increased by 40%.
