Why Web3 Projects need APIs?

Key Problems Lead to Web3 Project Failures

Slow Adaptation + High Costs = Market Exit

60% of Web3 projects never make it past the idea stage, choked by slow tech updates and spiraling costs. This lethal combo leads to a staggering 35% burning through their funds too soon, all due to poor planning and resource management. Stuck in development limbo, these projects lose market position, threatening their long-term survival and ability to compete.

Obsolete Technology

Many blockchain projects hesitate to integrate new APIs due to fears of complexity and security risks. Consequently, 70% fail in the first year due to outdated technology and the lack of strategic updates, losing competitiveness.

Community Disengagement

50% of Web3 projects that fail report low or no active community engagement, highlighting the necessity of maintaining an energized and involved user base.