All of these use cases will bring huge value to businesses who use blockchain tech over Web2 infrastructure.
The problem? Web3 is still inaccessible for many.
This includes decision makers at some of the world’s biggest companies.
Writing contracts, choosing the right blockchain, connect wallet flows, implementing payments etc…
These are complex steps for non-native builders.
Complexity is your opportunity.
Abstracting away complexity is one of the most consistent trends in tech
Today, you don’t need to understand how to code to build a simple website.
In the future, you wont need to know how to write a smart contract to unlock the power of Web3.
Building tools which make it easy for businesses to build blockchain enabled apps is one of the biggest opportunities in Web3.
Founders need intuitive apps which take care of the blockchain infastructure so they can focus on building their business.
Every industry will need its own set of tools to easily build and launch Web3 projects.
For example, musicians who want to launch their album as an NFT collection won’t use the same platform as a property developer looking to sell apartments on-chain.
Here are two examples of platforms already taking advantage of this opportunity:
Mintgate is a platform for creators to easily sell NFT gated content.
Creators can build token gated stores and an NFT drop which their audience can buy to access the token gated experience.
Mintgate takes care of the smart contract deployment and token gating for the creator.
EVEN is a platform for artists to launch pre-release NFT drops for albums.
The NFTs unlock rewards: merch, early listening access and even a cut of royalties.
Artists don’t have to worry about the web3 infrastructure, and instead focus on marketing the drop to their audience.
The secret weapon powering both of these platforms?
They're both using thirdweb’s smart contract deployment flow to power the Web3 infastructure for their users.
Our tools make it easy for anyone to build a blockchain as a service platform without having to worry about building smart contracts for their users.
Our contracts are free to deploy, fully audited and 100% owned by the wallet which deploys them.
Time to build!
Our very own @jarrodWattsDev has created a tutorial on how to build a Web3 creator tool.
Create a front-end application where users can:
- Mint an NFT onto the blockchain
- View the NFT they just minted.
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In September a new smart contract standard was approved which will create powerful applications for Web3 in gaming + finance.
ERC3525 expands on ERC1155 and introduces semi-fungible tokens to unlock exciting new use cases for NFTs.
Here’s all you need to know about ERC3525. 🧵
ERC3525 is a standard for semi-fungible tokens.
The contract is designed to combine elements of the ERC721 and ERC20 contracts to create assets which have unique properties (like an NFT) and identical properties, so they can be treated as fungible (like an ERC20 token.)
Consider two weapon NFTs.
The weapon ‘type’ could be the same for both - A sword.
But the colour of the sword is different. One red, and one blue.
ERC3525 standard allows the NFTs to be fungible because they share the ‘sword’ attribute despite being different colours.
The next billion dollar Web3 company won’t be a 10k PFP drop.
As Web3 matures, new business models are emerging which early builders are taking advantage of.
Here are 5 examples of projects you can build today which go beyond PFPs. 🧵
1) Low/No-Code Creator tools.
Help creators and builders launch Web3 experiences more easily by creating tools to easily build on the blockchain.
Focus on building tools for niche audiences to quickly capture demand.
Mingate is a platform for creators to easily sell NFT gated content.
Their audience can buy NFTs to unlock exclusive content and digital experiences. Creators can easily build and deploy their gated stores using Mintgates tools and contract deployments.