Definition and Introduction
Web 3.0 is supposed to be the new and third version of the internet, where users have the power over their money, privacy and freedom. Lot's of companies are exploring Web 3.0 and the metaverse which can be seen below. Facebook, for example has plans to buy thousands of GPUs and power the metaverse where users can communicate in VR, play, own their own land / houses and possibly even work.
Web 3.0 supports decentralization and is mainly about the blockchain, code and who own and control tomorrow's internet and the metaverse is the virtual world of interlinking communities, coins and nfts. (Think of it as a huge spider web where each string is a different community, nft project, crypto, website).
Why should you keep an eye on it you might say. Well it is fairly new technology but its already earning people and businesses that provide value, millions / billions and starting now could be the difference between your business being one of the early birds who can get established before it becomes 'easified' for others.
Some Fastlane Ideas
I have experience minting, buying and selling nfts on multiple platforms and I can tell you with confidence that I have gained 2x and almost 3x my money so far but also lost 99% of an investment among others. Its an industry that is developing and is related to FOMO (Fear of Missing Out) by people being in play which is what drives secondary market sales of nfts. There's nfts that serve different value which is mainly cultural value, profile picture nfts and utility use which provide benefits such as exclusive access to events, people and re-distribution of royalty fees.
Overall, it is a new and early phase of this technology but it has a lot of potential to become the future where people can have a metaverse identity, decentralization, games where people own the assets as nfts (weapon skins, character skins) and possibly a device to feel smells, gloves that allow feelings and maybe even a full on costume in the future.
If you are interested and have any ideas, I am open to discussion and possibly collaboration. Feel free to send me a message.
Web 3.0 is supposed to be the new and third version of the internet, where users have the power over their money, privacy and freedom. Lot's of companies are exploring Web 3.0 and the metaverse which can be seen below. Facebook, for example has plans to buy thousands of GPUs and power the metaverse where users can communicate in VR, play, own their own land / houses and possibly even work.
Web 3.0 supports decentralization and is mainly about the blockchain, code and who own and control tomorrow's internet and the metaverse is the virtual world of interlinking communities, coins and nfts. (Think of it as a huge spider web where each string is a different community, nft project, crypto, website).
Why should you keep an eye on it you might say. Well it is fairly new technology but its already earning people and businesses that provide value, millions / billions and starting now could be the difference between your business being one of the early birds who can get established before it becomes 'easified' for others.
Some Fastlane Ideas
- Create wallets for different blockchains (Phantom wallet (SOL) has $1.2 Billion valuation and recently raised over $100 million in funding)
- Create a blog, information and analytics website such as rarity.tools where people can monitor different collections
- Create a secondary marketplace for NFTs after mint like Magic Eden, OpenSea and LooksRare. (OpenSea hit $5 Billion in sales in January 2022 and they operate very simply, 2.5% from EVERY transaction so they made around $125 Million in one month). Magic Eden has 91,754 SOL in volume last 24 hours and 5,300,902 SOL total. Magic Eden takes 2% of all transactions so that means they made $201,858 PROFIT in last 24 hours and $11,661,984 profit OVERALL (based on SOL being $110). Magic Eden joined twitter in September 2021 and from snooping, we can see that it is indeed around that time.
- Create an nft collection, Bored Ape Yacht Club, CryptoPunks are 2 of the most popular collections along with Azuki now and creating your own collection has many benefits. You can make millions on launch day (mint day) and afterwards you can decide the artist royalties you will get from each sale which can provide a lot of money if the collection gets popular later on. You can also launch a second gen drop or accessories like BAYC did with Bored Ape Kennel Club.
- Create discord tools (Discord is the second community behind Twitter where crypto and nft communities are and creating price monitoring tools and other tools to benefit those users is also a good opportunity)
I have experience minting, buying and selling nfts on multiple platforms and I can tell you with confidence that I have gained 2x and almost 3x my money so far but also lost 99% of an investment among others. Its an industry that is developing and is related to FOMO (Fear of Missing Out) by people being in play which is what drives secondary market sales of nfts. There's nfts that serve different value which is mainly cultural value, profile picture nfts and utility use which provide benefits such as exclusive access to events, people and re-distribution of royalty fees.
Overall, it is a new and early phase of this technology but it has a lot of potential to become the future where people can have a metaverse identity, decentralization, games where people own the assets as nfts (weapon skins, character skins) and possibly a device to feel smells, gloves that allow feelings and maybe even a full on costume in the future.
If you are interested and have any ideas, I am open to discussion and possibly collaboration. Feel free to send me a message.
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