// Hacker Noon · 1 April 2026

Is Web3 Still for Developers - or Just for Speculators With a GitHub Account?

Web3 developer activity has dropped sharply, with talent migrating to AI. Alchemy's Uttam Singh argues this is partly cyclical, partly a healthy correction — and that the future belongs to builders who prioritize real product-market fit over hype, whether they're building in crypto, AI, or both.

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