How to make a successful WEB3 product

If we say that WEB1.0 was the slave era, user data was blatantly plundered by websites.

If we say that WEB2.0 is the feudal era, the relationship between users and platforms is the relationship between farmers and landlords. You can farm my land, but you have to pay rent. In fact, most of the value created by users is paid as rent to the platform.

Then, WEB3 is the era of capital. What you need to do is to return the user's data assets to the user and create value.

1. Return data and assets to users

The data belongs to the users, the assets belong to the users, but we can work together to increase the value of your assets.

This is the basic idea of a WEB3 product. Whether it is NFT, DIFI, GameFI, etc., the basic idea is the same.

This is one of the keys to creating a successful web3 product.

In recent years, I have lost count of the number of people who have worked on WEB3 and discussed WEB3 with me. But one thing that has left a deep impression on me is that many people's thinking on WEB3 is still based on WEB2.0.

For example, many WEB3 communities are still following the WEB2.0 path, but use tokens as rewards to replace the previous points and reward users for various behaviors. In the final analysis, it is still opening a piece of land, giving it to users to cultivate, and collecting rent.

In short, this so-called "web3 community" is fundamentally a continuation of WEB2.0.

User data has not been transformed into an asset, nor has it been truly returned to the user.

2. Value

Another key point to making a successful WEB3 product is value.

They all rise in droves and then fall in droves. This seems to have become the curse of WEB3 and blockchain startups.

From the excessive issuance of air coins a few years ago to NFTs in the past two years, value seems to have never been the main consideration for everyone, whether it is sellers, buyers or platforms.

However, the most basic law of the market is that "prices fluctuate around value." Without value to support it, it will ultimately be a game of folly.

The above is a summary of the web3 and blockchain products that have appeared in recent years.