HomeTechnology & InnovationDeveloper interest in crypto, NFTs, metaverse, at an all time high
By Mayank Sharma
SHARE
May 25, 2022 3:34 pm

Developer interest in crypto, NFTs, metaverse, at an all time high

Developers now prefer to engage with multiple technologies at the same time
Developers

A new report suggests blockchain technologies, including cryptocurrencies and non-fungible tokens (NFTs), have high learning and adoption rates amongst developers engaged with them. In fact, the report states, that interest in blockchain applications, and cryptos recorded the highest interest of any technology.

These insights are presented in the 2022 State of the Developer Nation report, which collates data from a SlashData survey that covered over 20,000 developers across 166 countries.

In this edition of the survey, SlashData added several new technologies, including AI-assisted software development, Metaverse, and NFTs. AI-assisted software development captures developers’ fancy with 67% of the surveyed developers currently working on, interested in, or learning about it.

However, blockchain technologies, including cryptocurrencies, aren’t far behind, and currently interest 56% of the developers. Importantly though, these technologies have experienced the largest increase in engagement in the last 12 months, with interest in cryptocurrencies increasing by 14% and interest in non-crypto blockchain applications increasing by 15%.

About a third (34%) of the surveyed developers said they were learning about cryptocurrencies like bitcoin, while 16% admitted to actively working on crypto-related projects. Similarly, 30% of developers are learning about blockchain applications other than cryptocurrencies.

SlashData also notes that the money-making potential of NFTs isn’t lost on the developers, 11% confirming they are currently working on the technology, while about a third (32%) saying that they are brushing up on their knowledge of NFTs.

Metaverse FTW (for the win)!

 

Another trend that emerged from the report as a testament to the changing times, is the interest in the Metaverse, with over half the surveyed developers (53%) confirming that they are engaged with this technology in some fashion.

Hinting that this number could go up in the future, the report argued the path to becoming a “Metaverse developer” isn’t very clear at present. The technology is a mix of several others including extended reality (XR), machine learning, and more. This would explain why 28% of the engaged developers admitted that they are currently learning about this emerging tech.

Interestingly, the report notes that growth in adoption rates has stagnated across the board for virtually all technologies. After digging into the data to unravel the mystery behind this rather worrying anomaly, SlashData concluded that it’s a result of a large number of developers widening their interests and engaging with a whole lot of emerging technologies, instead of focussing on just one or two, as they have in the past.