Interesting thread on Twitter (oops, sorry, X) about the state of the Web3 industry

https://twitter.com/dabit3/status/1683589971746209793

Nader Dabit, DevRel director at Aave & Lens Protocol, writes about how everyone in web3 is now building infrastructure and protocols that "improve the ecosystem" instead of building end-user apps.

You build another protocol, attract investors, issue a token, and you're rich before you even release the actual product.

It's much harder to build real applications on top of this infrastructure because:

⁃ First, you need real users there, not airdrop hunters and bots.
⁃ Second, an investor can download your app, play with it, and realize how bad it is.

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We should realize that this is exactly what a DevRel director of one of the ecosystems should be doing — motivating developers to build apps in that ecosystem. That's why the post is a bit biased.

In the comments many people argue and write that the infrastructure is not yet ready to make good apps.

Moreover, Nader himself later wrote a post saying that he is a bit biased and that most modern apps wouldn't have appeared if people hadn't spent years building the infrastructure before.

In any case, the fact remains that infrastructure projects really do dominate web3 today.

Hopefully we'll see more use cases and end-user apps in web3. In the meantime, we at Epic Web3 are now focusing more on the infrastructure events. At least there is money in it :) And then we'll see where it goes from there.