Hi there, I am Lucky Ali, and welcome back again to this post. Web 3 means decentralization, NFT, blockchain, and crypto, which is what we think when we hear this word. We can imagine the scenario about what the real thing is when it comes to building a startup and creating a business in the Web 3 world. We are going to understand it in this post.
The Beginning: A Big Idea
Without an idea, the Web3 startup can't be built When I talk about ideas then We hive users can understand it very well and all the web 3 projects target the freedom, giving power to the users, privacy and decentralization and the ideas like blockchain games, blogging platform based on blockchain or any crypto wallet. These are the ideas of web 3 projects. When we see the web 2 platforms then these platforms have much control over their owners, and this is where the problem starts.
So these are the ideas, and when you have an idea, your first step is done, but you know when the real work starts? When you decide to build a Web 3 project and are ready to start the work, this is where the real work begins.
The Team: Small but Mighty
Do not underestimate the small team, and in the team, there can be three or four people, and sometimes even two, because what is needed is a designer, a business strategist, and a developer. However, here one person can do multiple works, so starting with a small but powerful team is a good idea. What we need is a creative team that can show productivity every day.
The Tech Side: Complex & Exciting
Web 3 projects are built on blockchain, and that is why they are complex. This is different than the apps and regular websites that are built on hosting with the domain, but for building Web3 projects, Hive, Ethereum, Polygon, and Solana blockchains can be used, and there are many more. The developer's work is to write code for the smart contracts, and do you know? The smart contracts only run on the blockchain.
Why is this exciting and at the same time difficult? Because one mistake in smart contracts can cause you a big loss. That's the reason there are multiple processes that take place before the full launch.
Community: More Than Just Users
In any Web3 platform, the community is most important and precious. When you build a Web3 project, and this is not done, you have to communicate with the community on X, Discord, or any other social media like Telegram. Question, answer, and discussion with the community are important because this is not like building a product and selling it, but there is more. Proposals and voting happen in the community, and decisions can be made according to it.
My last words
You need to stand out in this competitive space, and this is not the only thing; raising funds and launching things fast are not always fun. It is difficult work. Do you think these are the only problems? No, there are more such as regulation issues, crypto price fluctuations, ETC. So you have to take care of such things. So hope you liked the information. Please do share and comment. Have a good day, hivers.
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and having new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring. Thank you, hive family ♥ |