Day 156: Web3 Business Models

Web3 Principles, Paradigms and Revenue Models to Create New Web3 Business Models.

💡 The internet disrupted incumbents across industries and gave birth to products and business models that did not exist before it.

Make something people want and will pay for. Web3 or Web2 .

1. Web3: New Principles

Web2: Free. You pay with your data. In most cases.
vs.
Web3: Open data access to all

Web2: Untrusted Network
vs.
Web3: Trusted

Web2: Closed network. Permission-needed ← Want to extend/build on top of any product.
vs.
Web3: Permissionless. Extend. Compose.

Web2: Protocols Free. Platforms won’t pay for the protocol.
vs.
Web3: Protocols paid. Platform pay for the protocol.

Web2: Marginal costs tend to be zero.
vs.
Web3: A constant marginal cost. Blockchains have gas fees, and gas fees are constant for an interaction. Gas fees are different at different times.

Web2: Search for customers.
vs.
Web3: Start a community & grow with them. Value-sharing.

Web2: Corporate Governance
vs.
Web3: Community Governance & Corporate Governance too

Web2: Access Local Market
vs.
Web3: Access to Global Market from Day 1

2. Web3: New Paradigms

Read the detailed post here https://www.santoshpanda.com/Day-156-Web3-Business-Models-d0c4c11f8f5d4d7cac4f12ee0bdf38c5