Businesses face many challenges when they are migrating from Web2 to Web3, some of which are hard to tackle. According to a 2020 study, high development costs, complexity, and lack of expertise are among the reasons why companies resist adopting blockchain.
Hiring a full-time blockchain developer can cost companies anywhere from $60k – $260k per year. While large enterprises may afford high service fees, small-to-medium businesses don’t have enough capital to go that route.
Creating a dApp is a complex and time-consuming process with various stages like proof of concept, programming smart contracts, front development, testing, auditing contracts and deployment. Depending on the project’s scope, it can take 3 to 9 months to develop a market-ready dApp.
Due to these challenges, many everyday businesses hesitate to incorporate blockchain technology into their transactions and become left out from participating in Web3.
How is Forward Protocol Revolutionizing Adoption?
Forward Protocol is a no-code blockchain platform that simplifies dApp development for non-technical users. Users can choose pre-coded templates from the Forward Marketplace and create full-stack dApps via the Forward Factory’s intuitive drag-and-drop interface.
Reducing the Deployment Time to Just Under 5 Minutes
Since the blockchain technology market is growing fast, making swift, strategic decisions is crucial for maintaining a competitive edge. Forward Protocol helps businesses save massive opportunity costs by significantly reducing the time it takes to develop and deploy dApps.
Normally, it takes at least a few weeks to develop a dApp with basic functionality from scratch. However, with Forward, anybody can seamlessly deploy smart contracts and dApps in just under 5 minutes, regardless of their technical background. No coding is required from the user at any stage.
This means that companies can concentrate more on refining and implementing their market strategy rather than being bogged down by a lengthy development timeline.
Increasing Blockchain’s Affordability for Companies
Instead of paying developers $3k – 4k per month, companies can now purchase verified and security-audited templates for smart contracts and dApps from the Forward Marketplace at a much cheaper price.
It’s a small one-time or subscription payment instead of the recurring costs of hiring an in-house developer. For example, purchasing a pre-coded template for $100 instead of paying $3000 to a developer means that companies can save over 96% on service fees.
On top of that, many of these templates are already audited by one or more security auditors. This means that companies also save the costs of hiring independent security audit firms that charge between $5k – $15k, depending on the project’s size.
Reducing Complexity for Non-technical Users
Developing a dApp is a complex and overwhelming process for most non-technical users. It requires familiarity with various technologies like blockchain networks, programming languages (Rust/Solidity), dApp frameworks, and front-end/back-end frameworks.
Forward Factory removes this complexity barrier and unifies everything on an intuitive interface. Users can drag and drop pre-coded templates and add different functionalities to their dApp. It also supports deployment to over 800 EVM-compatible networks.
Boosting the Earning Potential of Developers
In 2024, the minimum base salary of a blockchain developer is $60k, with $140k being the average. However, based on the chart below, the annual salary drops to as low as $30k in some countries like Italy. That’s only $2.5k per month! And even on the higher end, the maximum earnings have a ceiling.
Image from Web3.Career
Forward’s ecosystem gives developers a platform to maximize their earning potential. There’s no limit to how much a developer can earn by selling high-quality templates on Forward’s Marketplace.
Suppose a developer lists a template for $100 on the Forward Marketplace and receives excellent user feedback. If 100 users buy this template monthly, the developer earns $10k in pure passive income. And the best part is that this income can be continuous, with no upper ceiling. Developers can make over $100k a month, depending on how well their templates rank.
Hence, skilled developers don’t have to constantly hunt for remote jobs or find clients on freelance platforms. Instead, they get to make more money than in their regular jobs without the additional stress of managing and communicating with clients. The platform incentivizes them to contribute innovative smart contracts and dApp templates for different industries.
Conclusion
Forward Protocol opens the doors of blockchain technology to broader companies. Previously, large enterprises were dominating Web3. Now, with Forward Factory, small-to-medium businesses can also get involved with blockchain.
Its intuitive drag-and-drop interface and a rich marketplace of templates revolutionize adoption by reducing development time, complexity, and costs, making it an attractive option for non-technical users.
At the same time, the Forward Marketplace offers developers a lucrative opportunity to monetize their skills and enjoy limitless passive earnings. Hence, Forward does not make developers obsolete. Instead, it creates an ecosystem where everybody wins.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
