In the previous blog, we have learned that it is critical to examine the ecosystem in which you will build in the Web 3.0 space. And what aspects should be considered when selecting one? And we conclude the last blog with the question of how we might achieve the growth that your project needs without spending a fortune.
As we all know, there are ecosystems with low deployment costs, but the downside is that there are many projects with whom you will be competing. As a result, I've created a list that you might find useful as you begin your exploration of building into these ecosystems. I call this the....
"6 M's of BUILDING"
1. Make your values aligned -Some people who joined the Web 3.0 space are just enticed because of what they see from some individuals who have earned and profited large sums of money from projects. And if your main goal in the space is only to make money, you will eventually fail and become discouraged to continue, especially if you have lost money and faced some challenges along the way. So, instead of aiming for money, why not aim for creating something that can assist people in the space with their underlying issues? Why not create a project, a platform that can eventually provide you with a profit stream?
Making your values aligned in the Web 3.0 space will be a great push for you to build something instead of chasing money and profits in the space. Having the mindset that the Web 3.0 space is not just about money and profits will help you be more motivated to add something and add value in the space even without any return. Just like the creation of this blog, this blog being decentralized means that I am not able to run any ads to the readers nor earn money from it, but I still make time to create educational materials for beginners in the space and spend money from my own pocket to maintain the website and the blog.
“If you cannot chase good projects, why not you build a good project?”
2. Make it accessible -Make your project more accessible to people in the space, regardless of whether they have large holdings or cannot afford high gas prices. You might accomplish this by having your project multi-chain, which means that it is deployed and accessible from several ecosystems. Making it easier for people to join your project.
So, if you've begun a project in the Ethereum ecosystem, why not expand it to Polygon, Avalanche, and so on? Think about expanding your project or product to ecosystems that will help you and your project. Polygon, for example, provides advantages that you should consider. One of these is that Polygon has a significant number of users. As building a project requires a large user base and individuals who will use and utilize your product, Polygon also provides a wide range of help and support for builders in the space.
3. Make it interesting - What is the purpose of your project? Does it address an underlying issue in the space? It is important that you stand out from the crowd and that your ideas are something that others will be interested in. Make sure your project idea is clear and that your project's goals are long-term.
So, for example, you can see that there are a lot of NFT collections out there with excellent art and utility, so think outside the box. Maybe you can create an NFT collection from your selfies, just like Gozali Ghozalu did, or create a Web 3.0 version of the platforms and solutions that are already available in the Web 2.0 space.
4. Make it easy - As you are aware, not all projects and products in the space are as simple to use and comprehend. So, make your project's User Interface and User Experience (UI/UX) simple to use and something that people will prefer to use over other projects in the space.
You can use existing decentralized solutions and platforms to develop your project. Keep in mind that you don't need to do everything in your project; you only need to look for these solutions and choose what to use from them. They contain a lot of material as well as documentations and lessons on how to use them. Being aware of this information will considerably assist you in reducing your workload and making your work easier, especially if you only have a few people or contributors for your project. Another discovery I've had is that everything you need to get started in Web 3.0 is right there; you simply have to look for it and knock on the right doors.
What are these decentralized solutions and protocols that you can utilize? There is really a lot of these solutions that could help you with your project like The Graph for querying data from the blockchain, Thirdweb for building your own smart contracts, Superfluid for payments streaming solutions and more!
5. Make it you - Create something you are proud of, something you may call your masterpiece, and something that represents you as a builder. Don't just build something because you want to make a lot of money and profit. Create and build because you want to add value to the space.
When you provide value to the space, you will no longer be chasing money; instead, money will chase you. Make helping, evangelizing, and onboarding people your driving force to continue with your project. We must understand that there will be a point in our building where it may appear that we are not receiving any return from our efforts on building, but we must understand that our efforts are just stored and will pay off at some point. If you just keep building and working on the things you think are best, eventually you will hit upon something great on your journey.
6. Make time for yourself - We may feel left out or as if we are not doing enough sometimes, especially when we see others who make a lot of money with little effort or see successful projects in the space. And I'm sure you aspire to be like them as well. And, while you may use them as motivation to continue your journey, keep in mind that everyone learns and builds at their own pace. Remember to take breaks every now and then, especially if you are feeling burnout and overwhelmed.
Don't hurry into anything; instead, take your time learning about the space. The more you rush things, such as launching your project, the more tiring and exhausting they become. They may also contribute to the failure of your project. Spend time developing your product, adding features, improving its infrastructure, and establishing a proper community around it. Even though we know that the Web 3.0 space is a fast-paced environment with hundreds, if not thousands, of projects being launched every day, still keep in mind that everything takes time and that building a successful project does not happen overnight. Value your journey more than the outcome.
The more people we encourage to build in the space, the faster the revolution will be and will decide the fate of the Web 3.0 space. The Web 3.0 space strives with projects, products, and community. While not all projects that launch will be successful, the more we build and continue to build, the more we will know what works best and what does not, which will greatly aid our digital revolution.
This blog has been longer than usual, and the reason is that I want to impart to you guys not only the ways you could build and where you could start building, but also the values you should have in the space before you start building. I hope that this blog has given you some of the words you need, and if you want to talk about the project you are working on or some advice on your journey, feel free to contact me on Twitter or Discord.
Let’s build together!⚒️
Contributors
A special thanks once again to @AxieSpike (AxieInfinity), @0xSushiKev (Polygon), and @warengonzaga (ThirdWeb) for giving some of your insights and inputs for this blog. so give them some love by following them on their social media channels.