1️⃣ Web 3.0: Define Your Vision

🔹 What is this step about?

The first step in your Web3 journey is defining a clear vision for your project. Whether you're building a DApp (Decentralized Application), an NFT marketplace, or a DeFi platform, it’s essential to outline your goals and establish a strong foundation.

🔹 Practical Ideas

• Develop a one-pager outlining your vision and mission.

• Create a lean business model canvas to map out value propositions, revenue, and costs.

• Study competitors like Uniswap, OpenSea, Aave, and others to see what works in the market.

🔹 What should be considered?

• 🛠️ Problem Statement: What issue does your Web3 project solve?

• 🎯 Target Audience: Who are your users? Developers? Retail investors? Gamers?

• 📈 Monetization Model: Will you use transaction fees, premium features, staking, or DAOs?

• 🏗️ Decentralization Needs: Does your app truly need blockchain, or is a hybrid model better?

• ⚖️ Governance & Tokenomics: Will your platform have a governance token, staking rewards, or NFT utilities?

🔹 Why is this important?

A well-defined vision ensures clarity, aligns business objectives, and helps in choosing the right technologies to bring your idea to life.

✅ Final Thought:

Clarity in your Web3 vision prevents long-term failures and helps attract investors, developers, and users.