How to Create a Web3 Startup: A Guide for Tomorrow’s Breakout Companies

ISBN-13: 9781484286821 / Angielski / Miękka / 2022 / 178 str.

Tom Taulli

Opis

Web3 is the next evolution for the World Wide Web based on Blockchain technology. ​This book will equip entrepreneurs with the best preparation for the megatrend of Web3 by reviewing its core concepts such as DAOs, tokens, dApps, and Ethereum.

With Web2, much of the valuable data and wealth has been concentrated with a handful of mega tech operators like Apple, Facebook, Google and Amazon. This has made it difficult for startups to get an edge. It has also meant that users have had little choice but to give up their value data for free. Web3 aims to upend this model using a decentralized approach that is on the blockchain and crypto. This allows for users to become stakeholders in the ecosystem. 

Along with exploring core concepts of Web3 like DAOs, tokens, dApps, and Ethereum, this book will also examine the main categories that are poised for enormous opportunities. They include infrastructure, consumer apps, enterprise apps, and the metaverse.  For each of these, I will have use cases of successful companies. How To Create a Web3 Startup  covers the unique funding strategies, the toolsets needed, the talent required, the go-to-market approaches, and challenges faced.

 What You'll Learn

• Work with the dev stack components
• Examine the success factors for infrastructure, consumer, enterprise, verticals, and the Metaverse
• Understand the risks of Web3, like the regulatory structure and security breaches

Who This Book Is For

Startup entrepreneurs and those looking to work in the Web3 industry.

Spis treści

·         Forward (from someone notable in Web3)

·         Introduction

·         Chapter 1: Why Web3?

o    Definition of Web3

o    History

§  Web1

§  Web2

§  Web3

§  It's about a decentralized approach

o    Catalysts for Web3

§  Concentrated power of megatech (Amazon, Apple, Facebook, Google)

§  New technologies

§  Need for a new platform

§  New business model for stakeholders (users) via tokens

§  Return to the roots of the original vision of the Internet

o    Early Days for Web3

§  Dynamic and fast changing

§  Controversy (Musk v. Dorsey v. Andressen)

§  Top VCs See a Transformative opportunity

o    History of platform transitions

§  Move from text to GUIs (1980s)

§  Move from on-prem to cloud (1990s – 2000s)

§  Move to mobile (2007/iPhone)

·         Chapter 2: Core Technology

o    Understanding blockchain

§  The basic elements

§  Pros/cons of the technology

§  Bitcoin, cryptocurrencies

§  Becoming mainstream

o    2.2 Web3 is built on blockchain

§  A common blockchain for Web3 is Ethereum

§  User adoption/build goodwill (eg, give away tokens)

·         Chapter 3:  Development

o    Different mindset for developers

§  Data

§  Transparency of the blockchain ledger

§  Startups will likely need to do their own training of employees, at least in the early stages

o    3.2 Web3 app development stack

§  Web 3 libraries/dApps

§  Interface with the blockchain

§  Web3.js, ethers.js and web3.py

§  Smart contracts

§  Usually written in Solidity with the Remix IDE

§  Other libraries:  Truffle, Hardhat and Brownie

§  Nodes

§  Web3 providers

§  Allows for interaction with smart contracts

§  3.2.4 Wallets

§  Verify transactions

§  Third parties like MetaMask

§  Can create a wallet in JavaScript, Python, Ruby, Go or PHP.

·         Chapter 4:  Decentralized Autonomous Organizations or DAOs

o    4.1 What is it?

§  DAO is a member-owned online community governed by the users

§  No centralized leadership

§  Votes are written in smart contracts

§  Governance embedded in smart contracts

§  Users coordinate activities

§  Focused on transparency

·         Chapter 5: Infrastructure Startup

o    State of the infrastructure

§  Still immature but evolving quickly

§  Will see lots of investment

§  High capital requirements

o    Incentives for infrastructure builders

§  Different from open source model

o    Emerging crypto stack

§  The emerging crypto dev stack

§  Custody, nodes, on/off chain, on/off ramps, layers

o    Cryptography Innovations

§  Prove a password/credentials without having to store the data

§  Very important in light of the continued rise in hacks/breaches/ransomware

o    Types of Infrastructure companies and business models

o    Examples of some startups

·         Chapter 6:  Consumer Application Startup

o    NFTs an early use case of Web3

§  The Creator Economy

§  Artists, musicians, actors, game developers

§  Connect without intermediaries 

§  Create new revenue streams

§  Fans become stakeholders

§  Determine authenticity 

§  Only one (no copycats)

§  How to spend/earn NFTs

§  NFT marketplaces

o    6.2 DeFi

§  Apps for saving, lending, exchange

§  One of the biggest opportunities for startups in regard to Web3

§  How DeFi is different from centralized finance (banks, credit card issuers, even PayPal, Square)

§  Borderless, peer-to-peer, 24/7

§  Access to the unbanked

§  Transform the back-end of finance

§  Crypto-native analogs for every financial service (forex, options, insurance, etc)

o    Next generation social media companies

§  How this works using a decentralized model, where users own their own data

o    Examples of some consumer application startups

·         Chapter 7: Enterprise Applications

·          

o    6.3 Enterprise applications

§  6.3.1 Credentials, governance rights

o    6.4 Technology/Code

§  6.4.1 ETH, systems

o    Examples of some enterprise application startups

·         Chapter 8:  Vertical Plays

o    Examples:  web3 to decentralize energy usage/distribution, applications in healthcare, etc.

·         Chapter 9:  Metaverse

o    8.1 What is it?

§  8.1.1 Facebook is working on this and it will take time for its vision to become a reality

§  8.1.2 But there are metaverses emerging, especially in gaming/world building platforms like Roblox

§  8.1.3 Web3 will be important because these worlds will be economies, requiring crypto for transactions.  In fact, these are really about NFTs

§  8.1.4 There are also enterprise applications:  video conferences/meetings, training

·         Chapter 10:  Regulation

o    Wild Wild West

o    The fraud problem

o    How regulation may impact Web3

·         Resources

o    Influencers

o    Websites

o    Podcasts

·         Glossary

 

O autorze

Tom Taulli has been developing software since the 1980s. In college, he started his first company, which focused on the development of e-learning systems. He created other companies as well, including Hypermart.net that was sold to InfoSpace in 1996. Along the way, Tom has written columns for online publications such as BusinessWeek.com, TechWeb.com, and Bloomberg.com. He also writes posts on Artificial Intelligence for Forbes.com and is the advisor to various companies in the space. You can reach Tom on Twitter (@ttaulli) or through his website (Taulli.com) where he has an online course on AI.

Blurb

Web3 is the next evolution for the World Wide Web based on Blockchain technology. ​This book will equip entrepreneurs with the best preparation for the megatrend of Web3 by reviewing its core concepts such as DAOs, tokens, dApps, and Ethereum.

With Web2, much of the valuable data and wealth has been concentrated with a handful of mega tech operators like Apple, Facebook, Google and Amazon. This has made it difficult for startups to get an edge. It has also meant that users have had little choice but to give up their value data for free. Web3 aims to upend this model using a decentralized approach that is on the blockchain and crypto. This allows for users to become stakeholders in the ecosystem. 

Along with exploring core concepts of Web3 like DAOs, tokens, dApps, and Ethereum, this book will also examine the main categories that are poised for enormous opportunities. They include infrastructure, consumer apps, enterprise apps, and the metaverse.  For each of these, I will have use cases of successful companies. How To Create a Web3 Startup  covers the unique funding strategies, the toolsets needed, the talent required, the go-to-market approaches, and challenges faced.

You will:

• Work with the dev stack components
• Examine the success factors for infrastructure, consumer, enterprise, verticals, and the Metaverse
• Understand the risks of Web3, like the regulatory structure and security breaches