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

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. Contents About the Author About the Technical Reviewer Foreword Chapter 1: Why Web3? Definition of Web3 Web1 Web2 Catalysts for Web3 Web3 and Crypto The Downsides of Web3 The Billionaire Web3 Spat The Web3 Platform Shift The Startup Conclusion Chapter 2: Core Technology The Origins of Blockchain Bitcoin Crypto Exchanges Crypto Wallets Altcoins The Value of Cryptocurrency Ethereum Solana Near Protocol Avalanche ConsenSys Lido Private Blockchain Iron Fish Conclusion Chapter 3: The Web3 Tech Stack The Web3 Tech Stack Layer 1 Layer 2 IoTeX Mina Ecosystem Mysten Labs StarkWare Matter Labs Optimism Offchain Labs Layer 3 Web3 Frameworks and Libraries Web3 Languages Rust Solidity Vyper QuickNode Developer Views Conclusion Chapter 4: The Web3 Team The Competition for Talent Developer Advocate Community Manager General Counsel Finance or Accounting Manager Front-end Developer Backend Developer Blockchain or Smart Contract Engineer Security Engineer Recruiting Recruiting Best Practices Compensation Reskilling Conclusion Chapter 5: Decentralized Autonomous Organizations (DAOs) The Origins of DAOs How Does a DAO Work? The Benefits of DAOs DAOs Versus the Law The Problems DAO Services Public Benefit Corporations MakerDAO Friends with Benefits SailGP Uniswap Conclusion Chapter 6: NFTs, Gaming, and Social Networks How Do NFTs Work? Examples of NFTs Buying and Creating NFTs The Value of NFTs Problems for NFTs New Go-to-Market Strategies Social Identity of Web3 The Web3 Social Network Web3 Gaming Brands and NFTs Novel Fractal Magic Eden OpenSea Rarible Pastel Network Rally Conclusion Chapter 7: DeFi What Is DeFi? dApp Process for DeFi DeFi Ecosystem Risks Disruption Total Value Locked (TVL) Tribal Valora TrustToken Ox Labs Conclusion Chapter 8: The Metaverse What Is the Metaverse? Large Tech Firms and the Metaverse The Challenges Marketing in the Metaverse The Enterprise Genies Now.gg Teslasuit Conclusion Chapter 9: Taxes and Regulations Crypto Taxes Tax Scenarios NFT Taxes Donations The IRS Cybersecurity and Regulations What Crypto Regulation Might Look Like? Lawyers and Lobbyists CertiK LiquiFi Conclusion Glossary Index "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" -- Back cover