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Nastya
@nastya
There are several major issues in building in Web3 on top of closed source 3rd party APIs: - The API provider dictates which chains you support. That is esp relevant with so many new L2s launches. - They can change their prices in a day, and you have no fallback (see Dune example with their $400 min plan) Weird thing is, there are 100x more Web3 companies making closed APIs (and launching tokens) than open-source dev tools
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Timur Badretdinov
@destiner.eth
agree it’s frustrating at the same time, charging for API access is the only credible way to monetise in B2B crypto ppl expect everything to be free, and only agree to pay for volume as a builder, minimizing the number of API deps and finding backup providers is what helped me
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Nastya
@nastya
what matter most to you as a builder when you are deciding on an API provider? In Web2, it seems to be a more common practice to create self-hosted and cloud-hosted tools, but paid. Both can exist without sacrificing the product. I wish more tools like this existed in Web3.
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nemb
@nemb
In Web2, a common technique is to write a good open source tool, give it out for free, most of the time with all the core tools needed, and charge for hosting + premium features. In Web3 you have a few of these too, and a lot of open source but the goal is different. I guess too many projects want to raise funds, make bank, and capture the market. Since it's an early industry (think DotCom bubble-era), it also makes sense from a maturity perspective. I want to believe it is evolving in the good direction.
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Nastya
@nastya
If we agree Web3 is in its DotCom bubble era and know the history, why can’t we skip ahead and build tools that match Web2’s experience? We already know how it should look and evolve. The tech and funding are there, it just seems like the focus is missing
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nemb
@nemb
In an ideal world, of course. There are quite a few builders building good open source tooling out there. And the incentive layer is slowly growing as well. So I guess these things just take time. We have to continue building and promoting the right ethos, and if conjecture goes the right way, it will work out. Honestly I'm personally optimistic about it, and I think we should keep building a healthy ecosystem, and we will build a future in which we could see our children living happily. Part of the issue, I think is that Web3 is still highly divided, and people who don't get Web3 (most of the world) still think it's an unnecessary evil. Compare this to AI where everyone instantly started visualizing sci-fi scenarios (way overblown, at least in the short term), people have a hard time visualizing the long term upside of crypto, and are way under estimating its potential and societal impact. So, with time, conjecture, education and a lot of hard work, we may make this come true. We owe it to our future selves.
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