Do you get sick of hearing the same old impossible web3 business ideas?
Whenever you search for web3 or blockchain businesses to start, you get the same list of impossible businesses to create (Trade crypto, blockchain developments, dApps, gaming, NTF’s, and so on)
These require tons of knowledge before even beginning and are already saturated topics without an honest answer on how to actually start.
Look nowhere else!
In this blog post, we’ll examine some intriguing web-3 business concepts that are straightforward to understand and accessible to newcomers.
Whether you are an established businessperson or just starting, this post will give you insightful information and motivation to learn more about web3 and profit from these web3 business ideas.
Making business in web3 does not mean that you have to code, trade or these kinds of things.
There are many new ways to tap into the web3 and blockchain business without being super tech or nerdy.
And why not use the knowledge and power from web2 to start tapping into the web3 world?
So let’s get started!
Introduction to Web3
Web3 is the next iteration of the internet, based on decentralization principles and powered by groundbreaking technologies like edge computing, decentralized data networks, blockchain, artificial intelligence, and machine learning.
This new version of the internet offers enhanced security, transparency, and ownership, giving users the opportunity to create and control their digital identities, assets, and experiences without needing to rely on central authorities.
As we enter this new era of the internet, a myriad of web3 business ideas are emerging, providing us with a glimpse into the future of online services, applications, and platforms.
What are the best web3 business ideas?
Here is a list of the best web3 business ideas for new entrepreneurs or established businesses to consider.
1. Buy a web3 domain: Get a name for your business ideas
Before starting a business or transitioning your current business into Web3,
buy a Web3 domain.
Why do you need a domain for your web3 business idea?
You now have the opportunity to buy your own name on the new internet. It is like going back in time and buying apple.com before Apple did, but on Web3.
At services like Unstoppabledomains.com, you can buy a web3 domain with endings like .nft .crypto .blockchain .x .888 etc.
At Freename.io there is no limit to what the top-level domain can be (Top-level domain is what is after the dot like .com). Yes, this includes emojis.
So if you want a domain name like “Lookeatmee.😎”, you can get it.
And the last thing about Freename.io is that you can buy a Top-level domain and make passive income every time you buys a domain with your ending. Just sayingRight now there is a limit to website development within web3, but within a few years it will be huge, and this is when you want to own your own name, brand name, app name or whatever.
You can also use your web3 domain to get paid on your future e-commerce website, you can already no grab your domain now and use it to get paid in cryptocurrency.
2. Start a Web3 online store before everybody else
With Web3, creating a webshop entails creating a decentralized e-commerce platform that runs on a blockchain network, allowing for secure and transparent transactions.
As before, even if right now there are no real e-commerce platforms yet on web3, you should still get your web3 domain. So you own your brand name and you are ready to launch when time comes.
On Freename.io you can buy
.webshop
.web3shop
.nftshop
If you want to build a web3-ish kind of platform today, you should start a Shopify store and add a crypto wallet service model where people can buy your items using cryptocurrency. Then you still take advantage of some Web3 tech-wibe business ideas.
Note: It is still not possible yet to connect your web3 domain to your web2 website or webshop, but time will come, so make sure to own it.
Why is starting a web3 e-commerce store a good business idea?
Capitalizes on emerging opportunities in the Web3 space, positioning your business as an innovative leader and attracting early adopters
Opens doors to new revenue streams, such as NFT marketplaces and tokenized assets, providing unique value propositions for customers
Encourages collaboration with like-minded entrepreneurs and creators in the Web3 ecosystem, fostering a dynamic community and driving growth
3. Start a “phygital” store and add NFTs.
The term phygital refers to the combination of physical and digital aspects of an experience. Mixing phygital experiences with blockchain and NFTs can result in engaging and unique experiences.
For example, by building an NFT that reflects ownership of a physical thing, such as a work of art, you can create a phygital experience in which the NFT’s owner interacts with the physical item in a unique way.
You may also develop a gamified experience that combines physical and digital elements by employing blockchain technology to track and verify physical actions.
Combining physical experiences with blockchain and NFTs can be a fantastic business idea because it creates a unique and inventive approach to engaging customers.
It can also generate additional cash by selling NFTs that represent physical objects or digital experiences.
Furthermore, it enables a more tailored and immersive experience for customers, which can aid in brand loyalty and sales growth.
Many Shopify apps now make it possible to create a phygital experience.
See real examples of phygital stores here
Why is a phygital store a good business idea?
Seamlessly blends digital and physical experiences, catering to diverse customer preferences
Leverages the advantages of both online and offline retail, maximizing reach and accessibility
Enhances customer engagement through interactive and immersive shopping experiences
4. Tokengating
Tokengated commerce is an innovative approach to e-commerce, leveraging blockchain technology and NFTs to reward loyal customers with exclusive access to products and experiences.
By exploring tokengated commerce, brands can strengthen community engagement, attract new audiences, and drive sales.
Shopify is a front-mover when it comes to taking the power of web2 and using it to build web3.
Dive into our comprehensive guide to learn about the mechanics, benefits, and real-world examples of successful tokengated commerce implementations, and discover how to harness its potential for your business.
Why is Tokengated Commerce.” a good busines idea?
Capitalizes on the rising popularity of crypto assets and NFTs in the market
Enhances customer retention by offering unique incentives and exclusivity
Fosters a strong sense of community, encouraging collaboration and brand loyalty
5. Create Wall-art NFTs for people’s homes.
Home NFT displays are transforming the way we experience and appreciate digital art.
These displays enable traditional artists to venture into the realm of non-fungible tokens (NFTs) and showcase their work in a digital format, catering to a growing market of art enthusiasts and collectors.
As the demand for digital art increases, artists can now monetize their creations and reach a wider audience through NFT marketplaces like Binance.
Here you can see some of the Best NFT displays.
https://justcreative.com/best-nft-displays/
Why making art into NFTs is a good business idea:
Expanding Market Reach: By turning traditional art into NFTs, artists can tap into the growing digital art market, reaching a global audience of collectors and enthusiasts interested in acquiring unique digital assets.
Monetization and Royalties: NFTs allow artists to monetize their work more effectively, as they can sell their digital art directly to collectors without intermediaries. Additionally, NFTs enable artists to earn royalties from secondary sales, providing a passive income stream.
Enhanced Art Experience: NFTs and home NFT displays offer collectors a new way to engage with and appreciate art, driving demand for high-quality digital artwork. Artists who adapt to this trend can benefit from increased interest in their work and differentiate themselves in a competitive market.
Read more about why you should turn your art into NFTs.
6. Build web3 websites for other businesses.
Web3 websites are at the same stage as websites build at the beginning of the internet.
Sort of.
People laugh about
To a website on web3, you need a special browser like Brave or Opera.
Try to use QuickBuild web3 builder and begin your web3 website business.
7. Developing a DApp with help from Experts
Dapp development is difficult. It requires blockchain, programming, and smart contract development knowledge. But if you have a great Dapp idea you’re enthusiastic about, don’t let the challenges stop you!
There are affordable resources to assist you to create your Dapp. Fiverr connects entrepreneurs with freelancers who can construct blockchains and other services.
You may build a Dapp development and launch team on Fiverr. Best of all, it’s cheap.
If you have a brilliant Dapp idea, don’t hesitate to explore Fiverr and other resources to make your dream project a reality.
Hard work, persistence, and a little help from the right people can achieve anything!
8. Start a Web3 Consultancy
You must have a thorough understanding of the Web3 landscape, including blockchain technology, decentralized apps (dApps), and cryptocurrencies, in order to launch a Web3 consulting. To increase your knowledge in these fields, you might want to think about enrolling in classes or going to conferences.
Because the Web3 environment is always changing, it’s critical to keep up with the most recent developments in both trends and technology. Attend conferences and meetings, read industry publications, and engage with your network to stay educated and give the best possible services to your clients.
Establishing a Web3 consultancy might be difficult, but with the appropriate skills, team, and plan, you can create a prosperous company in this fascinating and quickly expanding industry.
9. Become a video creator on the next “Youtube”-video platform.
On the Web3, there are an increasing number of YouTube substitutes that provide special advantages and capabilities for content creators and users.
These platforms frequently use blockchain technology to promote transparency and fairness in content filtering and revenue, and they are decentralized, meaning they are not owned by a single company.
Users may be able to circumvent censorship and demonetization, have more control over their data and profits, and engage in a community that promotes decentralization and autonomy by signing up for a Web3 alternative to YouTube.
Additionally, some platforms offer fresh methods for making money off of content, like using cryptocurrencies or non-fungible tokens (NFTs), which can give content producers more stable and direct revenue streams.
Ultimately, people looking for alternatives to centralized platforms like YouTube will find the Web3 to be full of interesting possibilities.
https://blockonomi.com/youtube-alternative/
10. Become an influencer on the next Web3 Social media networks
It can be exciting and rewarding to break into the social media scene as a new influencer on web 3.
The need for influencers who comprehend and are proficient communicators of decentralization and blockchain technology is increasing quickly as the globe advances toward these technologies.
Starting off, it’s crucial to pick a platform that matches your beliefs and interests and to start producing material that benefits your audience.
Building a following on web3 social media platforms requires consistency, authenticity, and engagement.
Moreover, interacting with other influencers and community members can help you develop your network and broaden your reach.
Opportunities for partnerships and collaborations within the web3 community will grow increasingly plentiful as you establish yourself as an authority in your field and gain the trust of your followers.
https://www.lunarstrategy.com/article/the-best-web3-social-media-platforms-of-2023
11. Create your own Crypto Token
One of the most common reasons businesses create their own crypto tokens is to raise funds. By creating and selling tokens, you can raise capital from investors without giving up equity or control of your company. This can be particularly useful for startups and small businesses that have difficulty securing traditional funding.
You can also use your token to reward customers and employees for their loyalty and contributions to your business. For example, you could give customers tokens as a loyalty reward, or use tokens to incentivize employees to meet certain performance targets.
By creating a token, you can also build a community of supporters and investors around your business. This can help to increase brand awareness, create a network of advocates for your products or services, and provide a valuable source of feedback and ideas.
