#Best Web3 development Companies

[web3dev]

Empower your dApp journey with KrypCore, your one-stop solution for streamlined dapp development. Unleash the potential of our APIs, SDK, and cutting-edge web3 tools for a seamless and powerful dApp creation experience.

[blockchainxtech]

we explore the key differences between ⁠ERC20 token development⁠ on the Ethereum blockchain and ⁠BEP20 token development⁠ on the Binance Smart Chain. We discuss how these two token standards impact transaction speed, cost, security, and their adoption within their respective ecosystems. Understanding these differences is essential for developers, investors, and users navigating the evolving landscape of blockchain technology.

[belthainfotech]

Get digital solutions at Belthainfotech, including web/app development, IT services, Web3, gaming, and blockchain.

Discover the strength of Belthainfotech's diverse virtual offerings designed to take your on line presence to new heights. Our knowledge spans throughout website development, IT answers, app development, and current Web3 offerings, making sure a seamless virtual revel in in your business. Dive into the arena of immersive gaming with our game improvement services, explore the capacity of blockchain generation, and unleash creativity with our captivating photo designing solutions. Elevate your logo with Belthainfotech and free up infinite possibilities inside the virtual realm.

[sudhirsingh-123]

Effective Strategies for Managing Projects in Software Development Companies

Web3 Development Services:

Webllisto is at the forefront of Web3 development services, catering to the rising demand for decentralized technologies. By leveraging the power of blockchain and smart contracts, they help businesses and individuals create secure, transparent, and immutable applications. From decentralized finance (DeFi) platforms to non-fungible token (NFT) marketplaces, Webllisto's Web3 expertise empowers clients to stay ahead in the rapidly evolving digital landscape.

Blockchain Game Developers:

The gaming industry is experiencing a revolutionary shift with the advent of blockchain technology. Webllisto excels as a blockchain game development company, offering innovative solutions that combine gaming with the benefits of decentralized systems. Their experienced team of developers creates immersive player experiences, provable fairness, and in-game asset ownership through blockchain integration. By partnering with Webllisto, businesses can tap into the rapidly growing market of play-to-earn (P2E) games and blockchain-based virtual economies.

Also Read- Top 5 Solana Blockchain Development Companies 2023–24

Best Software Development Company in Indore:

Webllisto has earned a reputation as the best software development company in Indore, and for good reason. Their commitment to quality, innovation, and customer satisfaction sets them apart from the competition. They possess a vast skill set encompassing various software development technologies, frameworks, and languages. Whether you require custom software solutions, web and mobile app development, or enterprise software development, Webllisto delivers exceptional results that align with your business goals.

Expertise in P2E Game Development:

Play-to-earn (P2E) games have revolutionized the gaming industry by enabling players to earn real-world value through in-game achievements. Webllisto's expertise in P2E game development enables them to create captivating, rewarding, and profitable gaming experiences. By leveraging blockchain technology and innovative game mechanics, they empower businesses to tap into this emerging market trend, offering players unique opportunities for engagement and financial gain.

Conclusion:

Partnering with the best software company brings numerous advantages, and Webllisto stands out as a premier choice in the industry. With expertise in Web3 Development Services, blockchain game development, recognition as the best software development company in Indore, and specialization in P2E game development, Webllisto offers a comprehensive suite of services to cater to diverse client needs. By choosing Webllisto, businesses can unlock the full potential of cutting-edge technologies, drive innovation, and achieve success in the digital realm. Get in touch with Webllisto today and embark on a transformative journey toward digital excellence.

Keywords: Web3 development services, blockchain game developers, best software development company in Indore, P2E game development company.

[seasiainfotechusa]

[truefirms-staff-augmentation]

Unlocking the Potential of Web3

Are you trying to understand the intricacies of Web3 development? Go no farther than TrueFirms, the leading B2B marketplace for staff augmentation. TrueFirms promises a long list of Web3 development companies that have been carefully selected for superiority. TrueFirms links you with reliable organizations whether you're exploring apps that are decentralized, blockchain technology, or currency integration. Examine customer feedback and rankings to help you decide what's best for your project. It's simple to identify the ideal Web3 development partner with TrueFirms. Choose TrueFirms for their unmatched experience and dependability in Web3 development to remove anxiety from your next excursions into the internet of things.

[beepbeepbitcoin]

What is AI Gaming, What are the Features

Gaming Industry is evolving. Developers are trying their best to give gamers the best gaming experience by instilling new features.

Advanced technology and the emergence of Artificial Intelligence in different industries have sent a powerful message to incorporate AI into gaming. Though AI has been present in games, it's time to take it to a new level.

AI helps convert complex things into simpler forms. Voice assistance apps, chatbots, and navigation apps are some examples. But in games, we want AI to behave the exact opposite by increasing the difficulty level because easy games become monotonous and we gradually quit playing them. So, to retain players, it is necessary to add twists and turns in the game.

AI can be the saviour of this situation and fulfill 'gamers' expectations. AI can help add spice to the gaming experience and keep gamers hooked to their screen.

What AI brings to the table

Longevity - Think it this way, a company builds a brilliant game with awesome features but ends on a boring note at every level or stage. Would you remain a constant fan of the game? AI's predictive features and pattern analysis can add ideal real-time scenarios to the game. It can result in a lasting impact on the gamer and increase the player's retention in the game.

Self-Learning - AI can examine and adapt to different game situations. It can analyze the gamer's playing pattern and set the game proceedings accordingly.

Suppose you are playing a car racing game and you have a habit of boosting your car speed near race track curves. AI will analyze this pattern and throw obstacles on your car near track curves to make the game more difficult. Also, one time I was playing Hextris on a Web3 Gaming website called GameInfinity. The more I played, the more difficult it became because the AI predicted my playing speed and restructured the difficulty level.

This predictive feature of AI was quite impressive. It can help maintain the curiosity of gamers and keep them addicted to the game.

Realistic Experience - One of the most attractive features of AI Gaming is its ability to provide a realistic experience in the game. As AI can learn behaviour and patterns, it can generate the same stimuli in the game through different in-game characters. 

Tracks Cheating - We have witnessed hackers in many games that we have played. It takes the developers some time to detect them and permanently ban their accounts. AI detects hackers quickly, making the game more playable and less prone to cheating.

Signing off

To conclude, one can assume that AI will bring exciting changes in the gaming industry and will multiply its annual revenue. It will also detect and eliminate any monotonous element associated with the game, giving players a whole new gaming experience. 

[nexinformationtechnology]

Guide To Choosing The Best Web3 Development Company For Your Project

As the digital landscape evolves, Web3 technologies are transforming how we think about the internet. Web3 represents the next generation of the web, where decentralized platforms, blockchain, and smart contracts enable more secure, transparent, and user-controlled experiences. Companies and startups are increasingly investing in Web3 projects—from decentralized finance (DeFi) and non-fungible tokens (NFTs) to decentralized applications (dApps) and metaverse development.

However, building Web3 solutions requires specific technical expertise, and choosing the right Web3 development company is crucial for the success of your project. With so many providers offering a wide range of services, making the right choice can be overwhelming. In this guide, we’ll explore key factors to consider when selecting the best Web3 development company for your needs.

1. Evaluate Their Technical Expertise in Web3 Technologies

When choosing a Web3 development company, the first and most important factor to assess is the firm’s technical proficiency. The Web3 space is filled with complex technologies, including blockchain development, smart contracts, decentralized storage solutions, and various consensus mechanisms. Your chosen company must have a deep understanding of these technologies and how they fit into the broader Web3 ecosystem.

Look for expertise in:

Blockchain protocols: Ethereum, Binance Smart Chain, Solana, Polygon, etc.

Smart contract development: Solidity, Rust, and Vyper are commonly used for writing decentralized applications.

DeFi protocols: If your project involves decentralized finance, the company should have experience with DeFi platforms such as Uniswap, Aave, and Compound.

NFT standards: ERC-721 and ERC-1155 are common standards for NFTs on Ethereum.

Layer-2 solutions: Technologies like Optimistic Rollups and zk-Rollups can help scale blockchain applications by improving transaction throughput and lowering fees.

Ask for case studies or examples of past projects to see whether the company has hands-on experience with the specific Web3 technologies relevant to your project.

2. Examine Their Portfolio and Previous Projects

The best way to gauge the quality of a Web3 development company is by reviewing their portfolio and previous work. A reputable company should have a strong portfolio that demonstrates experience in successfully delivering Web3 projects.

Here’s what to look for in a portfolio:

Diverse Web3 projects: The company should have experience working across various types of Web3 applications—such as NFTs, dApps, DeFi platforms, decentralized exchanges (DEXs), or tokenization platforms.

Complexity of projects: Review whether the company has handled large-scale, complex projects similar to yours.

Innovation: Does the company bring innovative solutions to the table? Are they leveraging cutting-edge technologies and providing unique functionalities?

Security focus: Security is critical in Web3 projects, especially given the risks of smart contract exploits and blockchain vulnerabilities. Review whether the company emphasizes best practices in secure development and has implemented security audits in past projects.

By examining the company’s track record, you can better understand their strengths and whether they’re capable of delivering on your vision.

3. Assess Their Knowledge of Blockchain Security and Audits

One of the top concerns in the Web3 space is security. High-profile hacks and smart contract exploits have made blockchain security a priority for any Web3 project. A good Web3 development company should have a strong focus on ensuring the security of your platform through smart contract audits, penetration testing, and adhering to best practices.

Here are the key security elements to check:

Smart contract audits: Before launching a decentralized application, smart contracts should be audited by an independent third-party auditor to identify vulnerabilities.

Penetration testing: The company should perform penetration tests to identify potential threats to your platform, ensuring your infrastructure is resilient to attacks.

Bug bounty programs: Some Web3 development companies offer bug bounty programs that reward developers for identifying and reporting security vulnerabilities.

Secure coding standards: The company should be well-versed in secure coding practices for Solidity, Rust, or other languages used in Web3 development.

Choosing a development firm that prioritizes security will help mitigate risks and ensure that your Web3 project remains secure from potential exploits.

4. Consider Their Approach to Decentralization and Scalability

Web3 projects often prioritize decentralization to remove intermediaries, enhance security, and give users more control over their data. However, decentralization also comes with trade-offs, such as lower transaction throughput and higher costs. Scalability is therefore a crucial factor in ensuring the long-term success of your project.

When evaluating a Web3 development company, look at their approach to:

Decentralization: How do they balance decentralization with performance? What protocols or frameworks do they use to ensure that the platform remains decentralized while being efficient?

Layer-2 solutions: Layer-2 technologies, such as Optimism, Arbitrum, or zkSync, help scale decentralized applications by improving transaction speed and lowering fees. A good Web3 development company should be able to implement these solutions effectively.

Interoperability: Does the company have experience building cross-chain applications that can operate across multiple blockchains? Interoperability is a key feature for many Web3 projects that want to interact with various decentralized ecosystems.

Scalable architecture: The firm should design scalable architectures capable of supporting large numbers of users and transactions, avoiding bottlenecks that could slow down your platform as it grows.

5. Verify Their Understanding of Tokenomics and Governance Models

Many Web3 projects involve the creation of native tokens, whether for utility, governance, or staking purposes. Tokenomics—the economic model governing token supply, distribution, and utility—plays a crucial role in the long-term sustainability of decentralized platforms.

A strong Web3 development company should be able to:

Design tokenomics models: The company should help you design a token model that aligns with the goals of your project, whether it’s incentivizing user behavior, rewarding contributors, or enabling governance mechanisms.

Implement governance models: Decentralized autonomous organizations (DAOs) are becoming a common governance structure in Web3 projects. Ensure the development firm has experience in building governance systems that allow users or stakeholders to participate in decision-making.

Launch tokens securely: Whether through initial coin offerings (ICOs), token airdrops, or other methods, the company should have experience in launching tokens while adhering to regulatory guidelines and security best practices.

6. Consider Their Development Process and Communication

The development process and communication style are critical to the success of any project. When working on a Web3 project, frequent communication, transparency, and agile methodologies can make the difference between a project that succeeds and one that falls behind schedule.

Here are a few things to look for in a Web3 development company’s process:

Agile development: Agile methodologies, such as Scrum or Kanban, allow for iterative development and flexibility in adjusting to new requirements or changes.

Project management tools: Ensure that the company uses modern project management tools (e.g., Jira, Trello, or Asana) to keep track of milestones, deliverables, and progress.

Regular updates: There should be consistent communication between your team and the developers, including regular progress reports and demo sessions to showcase development milestones.

Post-launch support: A good Web3 development company will offer post-launch support and maintenance services, ensuring that any bugs, updates, or improvements are quickly addressed.

7. Review Their Pricing Structure and Flexibility

Web3 development projects can vary significantly in terms of cost, depending on their complexity, timeline, and the technologies involved. It’s important to choose a company that offers transparent pricing and is flexible enough to adjust to your budget constraints.

Here are some pricing considerations:

Fixed price vs. hourly rate: Some companies offer fixed pricing for specific deliverables, while others charge by the hour. Decide which model works best for your project based on the level of clarity around your project scope.

Flexibility: Web3 projects can evolve as new features or functionalities are required. Make sure the company is flexible enough to accommodate scope changes without drastically altering the budget.

Value for money: Cheaper doesn’t always mean better. Look for a company that offers good value for the services they provide, with a clear focus on quality and security.

Conclusion

When choosing a Web3 development company, consider factors like expertise, experience, and alignment with your project’s goals. Nex Information Technology, with its cloud-based software development experience, has a solid foundation, but its current focus on HR management software may limit its Web3 expertise. To stand out, it needs to expand its skill set and showcase successful Web3 projects, demonstrating innovation and adaptability in emerging technologies.

Source Url: www.guest-post.org/guide-to-choosing-the-best-web3-development-company-for-your-project/

[bsetec]

Future Outlook for web3 in the US: Key Developments to Watch

Web3 represents the next phase in the evolution of the internet, characterized by decentralized technologies like blockchain that enable peer-to-peer interactions, enhanced privacy, user control over data, and new economic models. In the U.S. web3 is gaining traction across various sectors, from finance to social media, promising a transformative impact on how individuals and businesses interact online.

What is the present in Web3?

Regulatory frameworks for cryptocurrencies and decentralized finance (DeFi) are being developed at the state and federal levels. The SEC’s increased scrutiny of various tokens poses challenges and opportunities for compliance and innovation.

Where is Web3 used?

Finance and Banking

Supply Chain Management

Healthcare

Gaming and Virtual Worlds

Social Media and Content Creation

Identity Management

Real Estate

Voting and Governance

Energy and Utilities

Education

Where does Web3 Adoption happen?

Major financial institutions are exploring blockchain technologies and investing in digital assets with blockchain projects, signaling growing institutional confidence in web3—decentralized Finance(DeFi) Growth.

What is DeFi? They are platforms experiencing exponential growth, enabling users to lend, borrow, and trade without intermediaries. The rise of protocols like Uniswap and Aave demonstrates the potential for democratizing financial services. invokes NFTs and a Creative Economy.

Blockchain companies also develop user-centric applications Decentralized applications (dApps) popularity, offering users greater control over their data and online identities. Projects focused on privacy and user empowerment, such as Solid and Mastodon, are the way to a more user-centric web.

Future Outlook for Web3 in the US

As legislators seek to clarify the regulatory environment, a balanced approach that fosters innovation while protecting consumers is anticipated. This could streamline compliance for blockchain projects and encourage more startups to enter the market.

Future developments will involve blockchain development companies like BSEtec focusing on creating platforms that enable interoperability between different blockchains. Solutions like Polkadot and Cosmos could facilitate seamless ecosystem interactions, enhancing user experiences.

BSEtec’s blending of traditional finance and decentralized finance is expected to accelerate. Increased collaboration between banks and blockchain startups could lead to innovative financial products that leverage the best of both worlds.

As environmental concerns rise, web3 projects will likely prioritize sustainable practices. Innovations in energy-efficient consensus mechanisms, such as Proof of Stake (PoS), will shape the future landscape.

Expansion of DAOs (Decentralized Autonomous Organizations)

DAOs will become more prominent, offering new ways for community-driven governance and project decision-making.

Rising Importance of Security and Privacy

As web3 technologies become mainstream, security and privacy will be paramount. Enhanced security protocols and privacy-centric solutions will be crucial in building trust among users, especially concerning personal data management. 

Wrapping up

Significant advancements in technology, regulatory discussions, and user engagement mark the present landscape of web3 in the U.S. Looking ahead, the potential for transformative change is immense, driven by innovations in decentralization, interoperability, and sustainability. Stakeholders must navigate the evolving landscape carefully, balancing innovation with regulatory obligations to unlock the full potential of web developments.

[govindhtech]

Galxe Quest Saves With Google Cloud AlloyDB For PostgreSQL

Galxe Quest

The best platform for creating web3 communities is called Galxe Quest. Galxe connects projects with millions of consumers through reward-based loyalty programs while providing a straightforward, no-code solution. Optimism, Arbitrum, Base, and other prominent players in the market trust Galxe as their portal to the largest onchain distribution network on web3.

Create the community of your dreams

Accurate User Acquisition

Turn on autopilot mode for your product marketing and user growth, from on-chain KPIs to off-chain engagements.

Simplified Onboarding of Users

ZK technology is used to encrypt and store your identification data in off-chain vaults so that Galxe never has access to unencrypted data.

More People, Fewer Robots

Your information is private to you alone, and you have complete control over it. As you see appropriate, choose when to provide or deny access to third parties.

Boost Recognition of Your Brand

Your universal web3 identification is Galxe Passport, which removes the need for numerous sign-ups and verifications for various services and apps.

Recognize Faithful Users

Your information is private to you alone, and you have complete control over it. As you see appropriate, choose when to provide or deny access to third parties.

Boost User Retention

Your universal web3 identification is Galxe Passport, which removes the need for numerous sign-ups and verifications for various services and apps.

Plug-and-play, no code solution

Select one of the many Quest templates and easily customize with a few clicks.

Provide Your Own Information

Add your own Google Sheets, CSV files, and API connections to the BYOD (Bring Your Own Data) experience.

Chain-wide Imprint

To automatically track on-chain footprint, connect an API or subgraph.

Twitter Interaction

Keep tabs on interactions like following, liking, retweeting, and attending Twitter Space.

Activities on Discord

Using the Galxe Discord Bot, you can keep tabs on active members, AMA attendees, and Discord roles.

Contributions on GitHub

Recognize the top developers who worked on your product.

Participation in Events

Geo-fenced QR codes facilitate the easy tracking of attendees at both offline and online events.

Status of DAO Voting

With a few clicks, import every voter from your Snapshot.org proposal.

Confirmed People

Your community is shielded from bothersome bots and sybil attacks by using sybil prevention credentials.

Web3 is made of community. Your community and contributors can be encouraged with a range of rewards, such as tokens, loyalty points, reputation, and accomplishments. Learn about other features that Galxe Quest provides.

The next wave of internet development based on blockchain technology is referred to as Web3. It seeks to safeguard self-sovereign identification information, facilitate transactional freedom, decentralize online ownership, and accomplish other goals. Web3, however, is a quickly growing industry with its own set of difficulties. For both developers and end users, there are significant entrance barriers and onboarding friction due to the lack, if not outright absence, of a uniform infrastructure and user experience.

In order to address these current issues, Galxe has created an ecosystem of goods with the goal of bringing the entire planet online. Galxe Quest, the biggest on-chain distribution platform for Web3, is essential to this ecosystem since it links Web3 communities and companies through gamified learn-to-earn opportunities. Galxe Identity Protocol, Google Cloud’s permissionless self-sovereign identity infrastructure, which standardizes the creation, validation, and distribution of on-chain credentials using Zero-Knowledge Proofs, is the foundation upon which this platform is based. Additionally, they introduced Gravity, a Layer-1 blockchain intended for widespread use that eliminates the technical difficulties associated with multichain interactions. This enables developers to leverage Galxe’s 26 million users to produce new Web3 products.

AlloyDB for PostgreSQL earns Google Cloud confidence

Galxe Quest, with more than 26 million active users, requires scalable solutions as well as reliable and substantial data access. A key component in scaling the platform to satisfy the needs of Google expanding user base has been AlloyDB for PostgreSQL.

Because AlloyDB is fully compatible with PostgreSQL and offers high performance for fast online transaction processing (OLTP) workloads, Google Cloud may transition to it with little difficulty and at a reduced cost. After switching to AlloyDB from their previous solution, Amazon Aurora for PostgreSQL, which had much higher costs owing to read and write operations, Google Cloud is able to reduce database expenditures by 40%.

Google Cloud has faith in AlloyDB because of its exceptional performance, almost little downtime, and adaptability. AlloyDB securely stores millions of on-chain and off-chain user data records, serving as their only source of truth. Google Cloud developers may now access detailed datasets to construct blockchain-based loyalty schemes.

Everything we require for faith in Web3

Galxe’s Web3 projects are powered by multiple Google Cloud services. Depending on the requirements of each job, Google Cloud employ Google Kubernetes Engine (GKE) for containerized workloads and AlloyDB and BigQuery for data analysis and storing. Setting up services that continually replicate data from Amazon Aurora to AlloyDB with the goal of minimizing downtime during the transfer was made simple by Google Cloud’s serverless Database transfer Service. Additionally, they used Datastream, a user-friendly change data capture tool that reads and copies AlloyDB data automatically to BigQuery for analysis.

Google Cloud’s network, with its worldwide coverage, low latency, and strong stability offered by premium service tiers, supports Google Cloud’s objective to onboard everyone on the Web 3. With an unmatched user experience, Google Cloud’s consumers worldwide may now easily utilize Galxe’s solutions to explore Web3. Galxe’s architecture also heavily relies on memorystore, which acts as a caching mechanism to manage the substantially higher volume of read operations than write operations in their situations.

Spearheading the upcoming Web3 innovation wave

Galxe collaboration with Google Cloud has yielded several advantages, including improved scalability and stability at a markedly reduced cost. Their ability to grow and support the global Web3 enterprises that are just getting started has shown how important Google Cloud is. Furthermore, AlloyDB’s machine-type scaling and nearly 0% downtime for maintenance windows provide for seamless, uninterrupted service and quick scalability for their clients, allowing them to innovate and expand without hindrance.

Read more on govindhtech.com

[web3dev]

Transforming Visions into Reality: Krypcore's Web3 Development Services

Krypcore leads the charge in transforming your visions into reality with our Web3 Development Services. Journey into the decentralized future using our cutting-edge SDK and APIs for unparalleled results.

[foxspacewarzone]

The Ultimate Web3 Playground: Inside FoxSpace’s Innovative Ecosystem

As the digital world races forward, FoxSpace is staking its claim as the go-to destination for gamers seeking more than just a typical gaming experience. This isn’t just a game; it’s a revolution in the making. FoxSpace merges the best of Web3 technology with cutting-edge gaming innovation, creating a dynamic ecosystem where players not only play and earn but truly immerse themselves in a decentralized adventure unlike any other. Let’s explore why FoxSpace is quickly becoming the ultimate Web3 playground.

A New Dimension of Gaming: Enter the Web3 World

Web3 is a revolutionary development in the quickly changing world of digital entertainment. Web3, with its decentralized player-focused environment, is rapidly surpassing traditional gaming, which is managed by centralized corporations. Here, gamers are given actual ownership over their digital assets thanks to blockchain technology—a notion that FoxSpace has fully embraced.

FoxSpace is not just riding this wave; it’s crafting it. The platform’s foundation is built on the principles of decentralization, where power is distributed across its community of players. This shift allows gamers to truly own their experience, with every action, achievement, and asset securely recorded on the blockchain. In FoxSpace, players are more than participants; they’re stakeholders in a vibrant, evolving ecosystem.

Unleashing the Power of Mini-App Gaming

FoxSpace's creative use of mini-app gaming is one of its best qualities. These represent the direction of decentralized entertainment, not simply passing pleasures. Envision little games that are incredibly powerful, providing intense excitement and immediate gains. FoxSpace's mini-app games offer intense, easily ingested pleasure in portions that are tailored to the needs of today's gamers.

However, Web3 technology integration is where the true magic happens. Every mini-app serves as a doorway to obtaining actual value. In the rapidly developing digital economy, players may get tokens, NFTs, and access to unique content. All of these things are valuable in the real world. This is about earning and owning, not simply about having fun. With its quick-play style and decentralized financial (DeFi) components, FoxSpace is revolutionizing the industry.

FoxSpace: Where Play Meets Profit

In the realm of traditional gaming, gamers must invest several hours in leveling up in order to receive intangible in-game rewards. FoxSpace completely changes this model. Here, each minute invested in the game has the potential to provide significant gains. The core of the FoxSpace experience is the play-to-earn paradigm, which transforms players into modern-day entrepreneurs.

Players are always motivated because to the platform's special incentive structure. FoxSpace provides several methods to earn, including through competitive games, accomplishing challenges, and engaging with the community. This is purpose-driven gaming, with an eye on its users' financial futures.

Decentralized Governance: Power to the Players

FoxSpace's dedication to decentralization is ingrained in company governance and extends beyond the ownership of its assets. FoxSpace returns control of the game to the participants, in contrast to traditional games where choices are made behind closed doors. The platform's future is directly influenced by the community thanks to decentralized governance.

In the gaming business, this player-driven concept creates a sense of ownership and belonging that is unmatched. FoxSpace makes sure that its community is involved in all significant decision-making, from voting on new features to contributing to the creation of new games. This is more than just a game; it's a dynamic ecosystem that is molded by the player base as a whole.

The Future of FoxSpace: Expanding the Horizon

FoxSpace has an innovative and daring future vision as it moves forward. While upholding its fundamental decentralization tenet, the platform plans to roll out even more cutting-edge features, such as improved DeFi integration and additional mini-app games. FoxSpace is not only adjusting to the rapidly evolving digital market, but it is also spearheading the change and establishing the bar for what gaming should look like in the future.

FoxSpace is a shining example of innovation in a world where gaming is getting more and more immersive. It's about building a new digital reality where players take charge, where every action has meaning, and where the possibilities are endless—it's not just about playing games. FoxSpace, a Web3 playground where the future is today, is the best location for anybody wishing to go into the future of gaming.

Embrace the FoxSpace Revolution

Are you prepared to join the revolution in gaming? FoxSpace is a movement rather than just a platform. a trend toward player-driven, decentralized gaming where you're rewarded more than ever for your time, abilities, and inventiveness. The FoxSpace ecosystem aims to transform the notion of playing, earning, and having fun in the digital era.

Discover a universe where you’re a pioneer, not just a participant. Join the FoxSpace revolution today!

🔗 Join the Adventure 👉 Telegram 👉 Twitter👉 Facebook

[intelligencecompanynews]

Ghost Chains to Goldmines: How to Create Web3 Products That People Want - Journal Today Internet - BLOGGER https://www.merchant-business.com/ghost-chains-to-goldmines-how-to-create-web3-products-that-people-want/?feed_id=166399&_unique_id=66bdbb6861428 Digital ProductsThe Web3 industry is currently stagnating when it comes to delivering products that people will actually use, rather than just another gambling tool. This is a point of agreement among many in the space. For months, the conversation has revolved around when funding will arrive for consumer applications. However, there’s no consensus on who is to blame.The finger-pointing has been directed at venture capitalists (VCs), project founders, other ecosystems, or the very concept of infrastructure. The problem with this blame-game is that it distracts from identifying and addressing the root cause, making it harder to solve the issue. To move forward, we need to step back and understand how we got here. The strategies that brought the blockchain industry to its current state are not the same ones that will propel it to the next level.The journey of a builder in Web3 today is quite challenging. Let’s say you want to create an actual application instead of founding something like an L2. The path ahead is tough. Traditionally, you would gather a team of potential co-founders and brainstorm how your idea makes sense. Ideally, this team would include individuals who can help build the product through coding. Once your team is in place, you’d decide which blockchain to launch on. Recently, L2s have been popular, but you might also consider non-EVM blockchains like Solana, which are attracting developers. This decision involves several factors: understanding where users are, where they are headed, where liquidity is, the transaction speed and cost your application requires, and, importantly, the incentives different chains offer to help you build your minimum viable product (MVP).Let’s assume that as a founder, you’ve successfully navigated all the steps above and found a blockchain that offers incentives like grants to support your project. Perhaps the grant is $50,000, or in rare cases, it might be as high as $150,000. Is this amount enough to build, launch, and successfully scale your application? Absolutely not. What do you do next?Looking at Web2, if you were a founder in this position, you’d reach out to VCs who would evaluate your MVP, listen to your proof-of-concept, understand your business model, and assess your user acquisition success before raising money. The problem in Web3 is that too much funding has gone into infrastructure projects, driven by the potential for token launches that allow VCs to recoup multiples of their investments.Additionally, it’s challenging to determine the best blockchain for an application due to the unpredictable hype cycles. As a result, VCs prefer the safer bet of infrastructure investments over the uncertain future of a specific blockchain that an application might depend on. And if you never get invested in by a VC, your chances of a successful token launch to create liquidity for yourself decrease immensely.Given your options, the logical decision would be either to become a founder of an infrastructure company or to build lower-quality products that every chain seems to want. In doing so, you might become a “grant mercenary,” similar to airdrop hunters who use new blockchains temporarily to collect and sell tokens for profit. Essentially, you’re incentivized to play zero-sum games. And who could blame you?The problem with this is that, if enough builders repeat this pattern over time and across ecosystems, we end up in the period of purgatory we’re in now. Everyone is upset, almost no one is making money, and nothing valuable is being produced.Now that we understand the problem, it’s easier to see what it would take to fix it. There are seemingly only four stages needed to create success in this ecosystem, all of which involve aligning incentives for everyone involved.

First, you need a blockchain that makes sense to build on — one with users and liquidity because no builder wants to go to a ghost chain.Then, you need builders creating products that people want and will use.After that, you need VCs willing to fund those products.Finally, you need successful token launches, ideally with centralized exchanges, to create a positive flywheel of success where everyone involved comes out a winner.Right now, we’re stuck in a situation where blockchains have become the main characters instead of focusing on creating success stories for applications built on their chains. They’ve become complacent, relying on grants from their foundations and wondering why no one wants to build useful things. Instead, they criticize builders for creating copy-paste applications across multiple chains to collect as much grant money as possible. The reality is this behavior is a result of the incentive alignment set up by the blockchains. Builders are simply doing what logically makes sense in this context.It’s entirely the fault of the blockchains. To get to where they are now, they had to raise massive rounds and create the main-character energy they exhibit today. With a small ecosystem of users and limited liquidity, these blockchains had to do everything possible to attract initial dollars and users to their chain. For many of them, this approach worked. However, it’s now time to evolve. The tactics that brought them success up to this point are not the same ones that will lead to the next phase of true blockchain adoption worldwide.So how do we move forward?The answer is simple, but the execution is challenging. Growth requires discomfort.Blockchains, builders, VCs, and centralized exchanges must come together to find alignment. Blockchains need builders to create valuable applications. Builders need chains that value them and have active users. VCs need innovative projects that can deliver financial returns. Centralized exchanges need tokens that excite users and drive trading. While these four entities haven’t collaborated seamlessly so far, it’s clear they need each other to thrive. When builders can find strong blockchains, secure venture funding, and successfully launch tokens, we’ll enter the next phase of evolution where blockchain adoption becomes the norm.Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.Edited by Benjamin Schiller.Source of this programme “This is another clever addon!”“The incentive structure of the current blockchain ecosystem works against useful innovation. CoinDesk columnist Azeem Khan has some ideas to fix that…”Source: Read MoreSource Link: https://www.coindesk.com/opinion/2024/08/14/ghost-chains-to-goldmines-how-to-create-web3-products-that-people-want/?utm_medium=referral&utm_source=rss&utm_campaign=headlines#DigitalProducts – BLOGGER – DigitalProducts http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/08/13951984317_35895e3d9e_o.jpg Ghost Chains to Goldmines: How to Create Web3 Products That People Want - Journal Today Internet - #GLOBAL BLOGGER - #GLOBAL

[companyknowledgenews]

Ghost Chains to Goldmines: How to Create Web3 Products That People Want - Journal Today Internet https://www.merchant-business.com/ghost-chains-to-goldmines-how-to-create-web3-products-that-people-want/?feed_id=166398&_unique_id=66bdbb6684aa4 #GLOBAL - BLOGGER BLOGGER Digital ProductsThe Web3 industry is currently stagnating when it comes to delivering products that people will actually use, rather than just another gambling tool. This is a point of agreement among many in the space. For months, the conversation has revolved around when funding will arrive for consumer applications. However, there’s no consensus on who is to blame.The finger-pointing has been directed at venture capitalists (VCs), project founders, other ecosystems, or the very concept of infrastructure. The problem with this blame-game is that it distracts from identifying and addressing the root cause, making it harder to solve the issue. To move forward, we need to step back and understand how we got here. The strategies that brought the blockchain industry to its current state are not the same ones that will propel it to the next level.The journey of a builder in Web3 today is quite challenging. Let’s say you want to create an actual application instead of founding something like an L2. The path ahead is tough. Traditionally, you would gather a team of potential co-founders and brainstorm how your idea makes sense. Ideally, this team would include individuals who can help build the product through coding. Once your team is in place, you’d decide which blockchain to launch on. Recently, L2s have been popular, but you might also consider non-EVM blockchains like Solana, which are attracting developers. This decision involves several factors: understanding where users are, where they are headed, where liquidity is, the transaction speed and cost your application requires, and, importantly, the incentives different chains offer to help you build your minimum viable product (MVP).Let’s assume that as a founder, you’ve successfully navigated all the steps above and found a blockchain that offers incentives like grants to support your project. Perhaps the grant is $50,000, or in rare cases, it might be as high as $150,000. Is this amount enough to build, launch, and successfully scale your application? Absolutely not. What do you do next?Looking at Web2, if you were a founder in this position, you’d reach out to VCs who would evaluate your MVP, listen to your proof-of-concept, understand your business model, and assess your user acquisition success before raising money. The problem in Web3 is that too much funding has gone into infrastructure projects, driven by the potential for token launches that allow VCs to recoup multiples of their investments.Additionally, it’s challenging to determine the best blockchain for an application due to the unpredictable hype cycles. As a result, VCs prefer the safer bet of infrastructure investments over the uncertain future of a specific blockchain that an application might depend on. And if you never get invested in by a VC, your chances of a successful token launch to create liquidity for yourself decrease immensely.Given your options, the logical decision would be either to become a founder of an infrastructure company or to build lower-quality products that every chain seems to want. In doing so, you might become a “grant mercenary,” similar to airdrop hunters who use new blockchains temporarily to collect and sell tokens for profit. Essentially, you’re incentivized to play zero-sum games. And who could blame you?The problem with this is that, if enough builders repeat this pattern over time and across ecosystems, we end up in the period of purgatory we’re in now. Everyone is upset, almost no one is making money, and nothing valuable is being produced.Now that we understand the problem, it’s easier to see what it would take to fix it. There are seemingly only four stages needed to create success in this ecosystem, all of which involve aligning incentives for everyone involved.

First, you need a blockchain that makes sense to build on — one with users and liquidity because no builder wants to go to a ghost chain.Then, you need builders creating products that people want and will use.After that, you need VCs willing to fund those products.Finally, you need successful token launches, ideally with centralized exchanges, to create a positive flywheel of success where everyone involved comes out a winner.Right now, we’re stuck in a situation where blockchains have become the main characters instead of focusing on creating success stories for applications built on their chains. They’ve become complacent, relying on grants from their foundations and wondering why no one wants to build useful things. Instead, they criticize builders for creating copy-paste applications across multiple chains to collect as much grant money as possible. The reality is this behavior is a result of the incentive alignment set up by the blockchains. Builders are simply doing what logically makes sense in this context.It’s entirely the fault of the blockchains. To get to where they are now, they had to raise massive rounds and create the main-character energy they exhibit today. With a small ecosystem of users and limited liquidity, these blockchains had to do everything possible to attract initial dollars and users to their chain. For many of them, this approach worked. However, it’s now time to evolve. The tactics that brought them success up to this point are not the same ones that will lead to the next phase of true blockchain adoption worldwide.So how do we move forward?The answer is simple, but the execution is challenging. Growth requires discomfort.Blockchains, builders, VCs, and centralized exchanges must come together to find alignment. Blockchains need builders to create valuable applications. Builders need chains that value them and have active users. VCs need innovative projects that can deliver financial returns. Centralized exchanges need tokens that excite users and drive trading. While these four entities haven’t collaborated seamlessly so far, it’s clear they need each other to thrive. When builders can find strong blockchains, secure venture funding, and successfully launch tokens, we’ll enter the next phase of evolution where blockchain adoption becomes the norm.Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.Edited by Benjamin Schiller.Source of this programme “This is another clever addon!”“The incentive structure of the current blockchain ecosystem works against useful innovation. CoinDesk columnist Azeem Khan has some ideas to fix that…”Source: Read MoreSource Link: https://www.coindesk.com/opinion/2024/08/14/ghost-chains-to-goldmines-how-to-create-web3-products-that-people-want/?utm_medium=referral&utm_source=rss&utm_campaign=headlines#DigitalProducts – BLOGGER – DigitalProducts http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/08/13951984317_35895e3d9e_o.jpg Digital Products The Web3 industry is currently stagnating when it comes to delivering products that people will actually use, rather than just another gambling tool. This is a point of agreement among many in the space. For months, the conversation has revolved around when funding will arrive for consumer applications. However, there’s no consensus on … Read More