👩‍💻Web3 Development Problems

Traditional Web3 Development practices have some advantages and plenty of disadvantages, particularly if your goal is to build a product that already has well known open source code libraries.

Time Issue

The first issue to keep in mind is time. On average Web3 freelancer developers have somewhat long timelines, even for simple PancakeSwap or Uniswap forks. The complexity of said projects is very low for a seasoned dev, but given the amount of projects most freelancers are working on, development times will typically go anywhere from 1 week, up to 1 month, based on how many edits you want to make to the base code.

Budgeting Issue

Another large problem you will encounter as a Web3 Leader will be the costs you will encounter through freelance developers, particularly well-known developers with a solid track record.

By navigating UpWork or Freelancer you will quickly find examples of the costs we are talking about:

• Pancake Fork: $3,800 to $5,000

• UniSwap Fork: $3,000 to $4,999

• NFT Collection: $5,000 to $7,000

Keep in mind that this is for quite simple deployments, while for complex features or completely innovative ones you will struggle to find legitimate developers that will be able to code them for you. When working with developers full time you should also remember that Solidity dev salaries can go anywhere from $10,000 to $15,000 or more per month. And this is just the solidity side, you will most likely need a very skilled full stack developer to manage other sides of the development process.

Security Issue

Freelancer talent, while often skilled, can introduce uncertainties and inconsistencies in code quality, potentially leading to vulnerabilities that could be exploited. Not to mention the big question mark you will always have about their identity, location, moral practices and dedication to work.