Bear markets may play havoc with investors, but an unusual side effect of this bear market is that it has increased developers’ desire to build in Web3. At least, that’s the finding of a recent developer survey by Hiro, which offers developer tools for building on Bitcoin.
Two-hundred and sixty developers responded to the third-quarter survey, which found that 55% of developers reported the bear market increased their desire to build in Web3. Thirty percent said it had no impact on their desire to work in Web3, while 15% said it decreased their interest.
The increase in interest tracks with a https://thenewstack.io/web3-developer-ecosystem/, which also found new developers are flocking into the Web3 space (although that was before the bear market hit).