Profitable Web3 Business Ideas for the Next 10 Years

Today, We are super excited to share the most profitable business opportunities in the web3 world. Our team of market researchers has been analyzing the web3 industry for months. Today, here I am super excited to share what’s happening in the world with web 3.0, blockchain, NFTs, and the crypto world.

So if you are thinking of starting a Web3 business that has a good chance of taking over the world in the next ten years, continue reading this without a fast scroll.

Today, We are super excited to share the most profitable business opportunities in the web3 world. Our team of market researchers has been analyzing the web3 industry for months. Today, here I am super excited share what’s happening in the world with web 3.0, blockchain, NFTs, and the crypto world.

So if you are thinking of starting a Web3 business that has a good chance of taking over the world in the next ten years, continue reading this without a fast scroll.

1. Just think about this 106,000,000 people around the world use cryptocurrencies.
2. 46 million Americans use cryptocurrencies.
3. 13% bought or traded crypto in the past twelve months.

Compare this to 24% buying or trading stocks. Institutional investors now hold over $70 billion worth of crypto. And if we think about bigger companies like tesla square, they have some of their assets in bitcoin.

Two or three years ago, when everybody was hyped about bitcoin, We were really skeptical. We were like, okay, We don’t see why it will stay. Maybe it’s just another hype.

This time we think it’s serious. And you might disagree, but it seems like too many institutions and people are holding on to crypto. And there’s just so much innovation going on with web3.

And we are going to explain in a minute why this is so. It confirms that blockchain is here to stay.

And this technology is something that is transforming our world. And it looks super exciting. So let’s look at different markets and how they’re currently being transformed with the help of blockchain. There are so many people holding crypto and so many holding bitcoin; there are already consumers on this market. They’re already companies that are started every single day.

We hope you will be inspired by some Best Web3 Business ideas here.

Okay, let’s do some basic explanations. First of all, when we talk about Bitcoin, it is a currency. So basically, you can buy stuff in exchange for Bitcoin. But there is a bit more exciting happening in the network called Ethereum. Ether is a smart contract. And when you think about it, like, think about the way lending works right now. So here’s the bank. Here’s a contract that you signed with the bank. And this is you taking money from the bank. You take a loan $100, and then you have to return, say, $105 in a year. The way it works right now, everything is in the contract, and you must manually transfer money to the bank. If something happens, the bank takes it to a court or whatever collectors. And then, you manually go through the contract, and the judge decides who takes what blockchain. It makes it a lot easier.

When we talk about a smart contract, there is you; somebody else or an institution you’re borrowing money from, dollars or Bitcoin or whatever. So when you take a loan, a contract is established that automatically takes money from your wallet and gives it back to the institution. So basically, there is no intermediary. So everything happens fast and automatically.

Let us talk briefly about Web3 because many people are excited about it. We have already explained in detail in our previous articles. We are going to write about Web3 for first-time readers. We will not explain deeper as today our topic is “Web3 business Idea”

Now, what is Web3?

Web1 is a world where you just had random websites like Think Yellow Pages. You had a website for Stanford, you had a website for a club, whatever.

Web 2.0. Where we are right now, most of the world’s social networks, user-generated content marketplaces, all of these. Like Airbnb for something. Uber for something. And the problem with Web2 is censorship.

What is Web3

Web3 is decentralized, a single owner will not rule or on the industry. Web3, you don’t need intermediaries. Remember? Smart contracts. So basically, if we think about Airbnb, when you book an apartment on Airbnb, Airbnb, first of all, it helps you discover apartments, but it also helps you with insurance. If you come to this place and it’s crashed, you call Airbnb and tell them, hey, this listing is not valid in Web 30. When you rent this home, you rent it through a contract, through a smart contract or whatever, and you can see who has already stayed in this house. You can see all the reviews because there is no way you can fake this information on WEB3.

Everything is transparent. And in this way, you don’t need an intermediary. You don’t need a regulator to tell you that you have to transfer money to this person.

Because if you owe somebody something, it all happens automatically. So we’re entering a world where everything is regulated by smart contracts, where we don’t need intermediaries. It might be scary, but we also think it opens up many opportunities. We’re going to talk about it right now.

We’ll talk about industries being transformed with this whole Web3 slash blockchain thing. Let’s dig into it anyways.

And Web3 is here to stay; right now is the best chance to start a company and believe in your idea in a way that you will be able to continue going, continue working on it, even if everything crashes, because there’s a big chance it’s going to blow up after that market.

1. Real estate on Web3

What is already being transformed by blockchain is real estate. One of my friends started a company called Propy, which is real estate and blockchain. So what they did is cool. One of the things that they’ve done is turn an apartment into an NFT. Think of it as a contract to own an apartment.

The ownership of an NFT can be verified online. It’s available information. And we’ve heard a lot about NFTs as crypto punks that people buy for hundreds of thousands of dollars. And the value there is the image itself and also belonging to a club. But here, the value of NFT owns the apartment. So the NFT is a smart contract to own a real piece of Real estate, and they’re doing a lot more.

2. Music and Musicians on Web3

Let’s talk about musicians. So the way the industry works right now, you’re a musician. You want to produce an album. You go to a production company like MakeAnApp Productions, Universal, whatever, and tell them, hey, guys, I’m a talented musician. I want to start my own album. So you spend the whole year writing music, using their studios, but then you’re going to make maybe like 20% of the sales. They’re going to take the rest and also help you with distribution, which made a lot of sense earlier when means of distribution were radio and television, and you couldn’t just get there without knowing people.

What happens these days? You’re a musician. You start you is it correct? TikTok account. You start your YouTube; you start your Instagram. So you already have your distribution, and you have your followers. And to produce an album, you still maybe need $1 million. But instead of going to a company that will take 80% of your revenue, you go to your fans, and you say, hey, guys, I’m working on an album and I’m looking to crowdfund $1 million. But every song will be an NFT, which means you can own part of the song and share part of my income, which is still a great area.

I’ve recently purchased a couple of ETH domains, and I can make a separate video about what it is. Still, some of the owners of these domains got some rewards they distributed, like $2 billion in the holders, which is super cool, and this is how the industry works so basically those fans.

You can start a Web3 startup to raise a fund to musicians and artists.

A startup that helps you get funding as a musician. but basically, a lot of things are going on and there’s another company Basic Attention token that lets you make money by watching ads, something that I can’t imagine on YouTube right now so when you watch ads on YouTube.

3. Sell Virtual Clothing in Web3 Virtual World

Wildcraft or whatever, I won’t be able to take that outfit and wear it in the virtual world. What If I buy a Gucci outfit I can wear it in different Metaverses. This is the basic explanation of my next Web3 business idea.

Top Fashion Brands Moving into Metaverse

4. Run a Tourist Place in Web3 Space that is more real.

First Scenario

It’s summer vacation and you are planning a Tour to Britain. You have to create these pilot documents to prove that I’m not going Illegally living in Britain. You have to apply for Visa and prove income. Also, have to prove ownership of the real estate. So travel is a nightmare in the real world.

Finally, you have visited Britain, and you feel like, shit, you should choose another place. You spend everything and its undo process.

Second scenario

What if you start a virtual 3d tourist place of a popular country or location? Everyone can tour without facing a haptic process. Feelings and observations will not be real, but they don’t have to spend a lot of time and money to experience all. It can be a demo tour. If they like the place, they can plan a real trip too.

5. Healthcare in Web3

Running a product that serves the healthcare industry is a great Web3 business idea. Here is the reason why we are passing strong statements.

When I applied for life insurance, they asked me for all the hospitals I went to. They asked me about all the chronic diseases that I have. What if we have separate, mathematical asks for health care so that we log in with our health anywhere we go? Web3 can hold all the records safely and in a transparent way.

6. Certifications in Web3

Right now, if I claim I graduated from some university, how do you check it? You have to call the university. This is what you do. A lot of people claim things on LinkedIn which are not true.

It could be one Web3 space for everything. I’m just brainstorming. Where you hold all of your degrees and all the certificates of the courses you passed. So, like a passport for your education.

7. Banking in Web3

Banking. Like, right now, the bank owes your money. They think you made a fraudulent transaction and block your account if something happens. The funniest thing that I’ve been through I hold a saving account in the most reputed bank. Last 3 months, I generated 350% more revenue so the bank suspended my account with 30 days’ notice. They thought I was using an account for fraud purposes.

So Web3 is here to change banking and financial institutions forever. In 2023, running a bank in Web3 space is a great business idea.

More Web3 Business Ideas to Disrupt Future Industries

1. Decentralized Applications
2. Web3 Business Consulting
3. Web3 SaaS
4. Software as a Service or SaaS
5. Web3 Domains
6. Backend as a Service or BaaS
7. Monetize Your Blog
8. NFT Designer & Seller
9. Run Web3 Marketing Company
10. Web3 Technology Advisor

The blockchain industry moves quickly, and cutting-edge innovations come out pretty often. Because of this, Web3 business ideas are almost limitless because they are always in demand and have many uses. If you want to start a business in blockchain, keep reading for tips and ideas.

This all sounds new and cool. We’re going to see what will happen to this whole world.

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