How To Invest in Web3 - Guide For Budding Entrepreneurs

By Web3 Solutions

June 23, 2023

How to invest in Web 3? The answer could vary from individual to individual and their purpose of investment. Like traders or investors looking for investment opportunities by investing money in,

  • Cryptocurrencies
  • NFTs (Non-Fungible Tokens)
  • Web3 Tokens
  • Staking Cryptocurrencies, NFTs, and Tokens
  • Web3 Native Stocks, or
  • Proxy Stocks

Whereas creators can invest by creating content for their target audience. But there is another prominent category that opens up opportunities for all, i.e., entrepreneurs who start web3 projects. In this blog, we are going to discuss how entrepreneurs can invest in web3 platforms. What are the various options? If they are working on web2 platforms, how is it different from web3? Importantly, how they can build a web3 platform.

So, if you are one who wants to invest in web3 by developing your own platform, you are at the right place. We help entrepreneurs to invest in the right technology at the right time that has the potential to generate high ROI. Scroll down to learn how to invest in web3 and generate revenue.

Before discussing anything, let’s understand the difference between web2 and web3. It helps you to know why you need to invest in web3 solutions.

Web2 & Web3 Comparison

Community development and Interaction are the focus.The platform focuses on Decentralization, semantic learning, and giving more control to the users.
The Network has control over data.Users have control over data.
Payment services are centralized.Decentralized Payment services.
Web2 deals in fiat currency.Web3 mainly deals in crypto currency.
Social media can censor accounts.There is no form of censoring due to decentralization.
HTML, CSS3, and JavaScript are some of the technologies used.Machine Learning, Artificial Intelligence, and decentralized protocols are used in Web3.
Data of many was controlled by some mediator.Data was personalized and no use of mediatory.

Now it's time to get back to the topic.

How To Invest In The Web3 Platform By Creating Applications?

Make A Plan & Decide On Your Niche

The first thing to do before investing in the web3 platform is to create a plan and decide on your platform niche. There are myriad options for building web3 platforms. You need to choose your niche. Some of them include;

1. Web3 Gaming Platform

The Platform allows you to introduce next-gen games packed with 3D features and allows players to interact in real life like the world. On this platform, players play games and win rewards. Also, players buy in-game assets such as land, weapons, costumes, accessories, and more that generate huge income for the platform.

Click here to learn everything about Web3 Gaming platform development.

2. Web3 Real Estate Platform

Web3 real estate platforms are a new trend where buyers and sellers collaborate and make a deal on the property. Properties on this platform are tokenized with exclusive rights, and everything from renting to buying is performed with blockchain security.

Click to learn more about Web3 Real Estate platform development.

3. Web3 eLearning Platform

Web3 elearning platforms are transforming the future of learning with innovative techniques. The platform provides amazing opportunities for learners to understand content using real-life-like situations, whether it's about understanding the human body, animals, space, or else.

Tap and read more about Web3 elearning platform development.

4. Web3 Entertainment Platform

The entertainment industry enjoys a new means of revenue generation and engaging new users with web3 platforms. Web3 OTT and other live streaming platforms are spreading their roots with the power of blockchain technology and safeguarding creators' rights.

Develop your Web3 Entertainment Platform with experts.

5. Web3 Ecommerce Platform

The ability of AR and VR technologies enables sales and purchases from dresses to electronic items conveniently. Users can interact with service providers and understand in-depth details of the particular commodity.

Click to build your Web3 Ecommerce Platform with industry professionals.

6. Web3 NFT Marketplace Platform

Another prominent category in the web3 industry is web3 NFT marketplace development. The platform allows buying and selling of unique digital assets, such as art, music, and sports clips, on platforms like Opensea, Rarible, etc.

7. Web3 Social Media Platform

Social media is a place where people connect, form communities, and share experiences with decentralization security. Users can check and upload content without the threat of harm. You can develop your web3 social media platform with our dedicated developers.

8. Web3 Corporate Office Setup

Developing your corporate office with a web3 approach is another way to invest in the web3 platform. You can conduct virtual meets, schedule interviews, or plan official events in the digital world. The platform has the potential to open up new opportunities in the real world.

9. Web3 Event Management Platform

After the pandemic, virtual events became one of the most lucrative industries; some of the great Virtual Events are Salesforce's World Tour Sydney Reimagined, AWS re: Invent 2020, Google SheetsCon, Adobe Summit, and more. You can plan to develop your web3 virtual event platform and skyrocket your business success.

If you are clear about your platform development idea, you can proceed further and conduct market research

Conduct Market Research

Market research is a crucial step that helps you to know your industry, users, and their expectations. Once you are cleared with the platform development decision and clear for your niche, the next step is to conduct 360-degree market research. Here you have to find out;

  • Who are your competitors?
  • What is their unique selling point?
  • Who is your audience?
  • What are their expectations
  • What features are missing in their current platforms? And more!

Answering these questions can help you to invest in the right pattern and with fruitful strategies.

Work On Features And Functionalities

Once you have everything in your hand. The next big thing is to plan features and functionalities for your platform. These features could vary from platform to platform, such as gaming platforms will have other features compared to real estate and entertainment apps. You have to work on whether your target audience is tech-savvy or new users. Accordingly, you need to decide on features and platform functionalities. Some of the common function of the platform involves the following;

  • Instrument panel
  • User management
  • Managing the payment system
  • Managing the fees
  • Managing the content
  • Marketing and advertising
  • API Documentation
  • Security
  • Push notifications
  • NFT support
  • Asset management (payments)

Hire a Web3 Development Company

A user-centric web3 platform cannot be imagined without a professional approach. Therefore to build a web3 platform, you need to partner with the best web3 development company. We, Best Web3 Development, are a leading company that supports businesses from providing blockchain consultancy to web3 platform development services. Working with 250+ experts and an industry experience of 11 years, we have a deep understanding of web3 technology and related industries.

Hiring us can let you deliver on-time projects within a budget. Here is how you can hire us;

1. Fixed Budget Hiring

The platform is suitable if you have a clear plan and static industry needs. You can consult with our experts and discuss your business requirements. Our experts calculate your project cost based on a decided set of features, functionalities, and tech stacks used. You will get the timely progress report of the platform as well as can launch the project on a decided date. This is an easy-to-go method but suitable for businesses with the same long-term customer needs.

2. Hire On An Hourly Basis

This method is most prominent and suitable for the business where users' expectations change rapidly. Therefore clients need to change their design, features, or other patterns based on customers' demands. For such business plans, our model works effectively. Here we assign you a developer that solely works on your platform and guides you at each level. The project may take longer to complete than the previous model, but never let you be surprised by the end results.

Understand Web3 Tech Stacks

When developing or investing in web3 platforms, understanding web3 tech stacks is a crucial step. You need to be aware of what type of technologies are going to be used in your platform and how these will impact investment strategies. Here we have a list of key considerations of web3 platform development.

1. Blockchain Technology

Blockchain technology is the backbone of the web3 platform. It is called a decentralized database that is shared among computer network nodes. It helps to eliminate data duplication and increase security. Also, it prevents fraud and data tampering since data can't be changed without the permission of the nodes of the parties.

Some of the eminent blockchain technologies used to develop web3 platforms are:

  • Ethereum
  • Corda
  • Polkadot
  • Polygon
  • Solana
  • Hyperledger
  • BigChainDB
  • IBM Blockchain Platform
  • Kaleido
  • Azure Web3 Developer Solutions
  • Multichain
  • Xooa

2. Smart Contract Development

Smart contracts offer enhanced trust and security. It is a digital self-executing contract built on blockchain technology where no single party can manipulate or alter the terms of the agreement. Smart contracts in web3 platforms simplify business and trade between both anonymous and identified parties without the need for a middleman.

3. Tokens Creation

Token creation helps businesses to raise funds or adopt products. By creating tokens, startups can reward their customers with special rights of property or any digital asset to rent, sell or exchange it. For instance, in real estate, properties are tokenized, and buyers get a token on the purchase of property and rights to sell, rent or exchange it.

4. Crypto Currency

Cryptocurrency enables sales and purchase of digital assets on the platform. It functions as a fiat currency but is backed by blockchain technology. It functions both as a currency and as a virtual accounting system that tracks and records assets and trades.

5. Crypto Wallet

Web3 Crypto wallets store your private keys, not cryptos like physical wallets that store your cash, cards, and other assets. It keeps the private key that gives you access to your cryptocurrencies – safe and accessible. Users can send and receive cryptocurrencies like Bitcoin and Ethereum.

6. Power Of AI

Artificial intelligence can play a significant role in enhancing security and privacy. It helps to detect and prevent cyber threats and ensure user data privacy. It functions through advanced encryption and anonymization techniques.

7. AR, VR Technologies

Web3 functions around real-time 3D (RT3D) augmented, virtual, and mixed reality (AR/VR/MR). The platform provides the experience of the real physical world that can be achieved through the use of digital senses. Some of the Augmented Reality technologies used in AR are - Vuforia, WikiTude, EasyAR, ARKit, and ARCore. And for Virtual Reality Applications - Samsung Gear VR, Google Daydream, HTC Vive & Oculus Rift, and HTC Focus and Oculus HMDs.

Development Tech Stacks You Need to Know

  • Layer 1 blockchains: Solana, Ethereum, NEAR, Fantom, Cosmos, Tezos.
  • Layer 2s and sidechains: Polygon, Arbitrum, Optimism, ZK Sync.
  • Developer environment: Truffle, Foundry, Hardhat, Anchor.
  • APIs: Indexing and querying.
  • File storage: ARweave, IPFS.
  • Identity: Wallet Connect, Ceramic Self ID.
  • Clients: web3.js, Anchor, Ethers.js.

Develop Your Platform

Now you are aware of everything about the web3 platform, and it's time to invest in the right platform with a complete set of features and functionalities. You can set up your dream project with our professionals. We help you with designing, development, and post-development services. It's the right time to reach our technical experts and start with blockchain consultancy services. We have all the tools and technologies to craft and expertise to build gaming platforms that define our strength of analyzing and story formulating skills.

If you have a question, contact our experts now! We are ready to help you 24*7.