Web3 is rapidly evolving with new protocols, developer trends, and skills in demand. Yurii Kovalchuk, a Web3 Engineer, discusses the changes in the industry, including the rise of Rust developers, AI integration, security researchers, and the need for rebranding. The Pectra hard fork for Ethereum brings significant changes and opportunities for developers. The ease of creating memecoins may lead to a bubble, but educating users on quality is key. Memecoins do not necessarily discredit the Web3 industry, but scammers can harm its reputation.

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