Tekelala

5. Social DAOThese are platforms for social interactions and social networking. Examples include Friends With Benefits, Ape DAO, and even Decentraland DAO.What are the Benefits of a DAO?Here are some of the benefits of a decentralized autonomous organization:They are trustless. You don’t need to trust a CEO or management teamIt can’t be shut down... See more

Winners in the Web3 space will be the ones that can clearly define:1. Where in the spectrum of centralization vs. decentralization will this product sit?2. Is this a network effect-driven business or not?3. What does success look like? (User growth, TLV, developer activity, transaction volume, wallets connected, etc.)

Token Utility Questions:How can people earn tokens?Yield Farming of DeFi appsParticipating in governanceReceive via grantReceive via investmentWhat can the token be used for?Paying transaction feesBuying aNFTsStakingLendingUsing as collateral to leverageCreating smart contractsOpting into new ASAsPaying friends and vendorsTransferring between... See more

I’ll be real here for a sec. Community building is hard. Community builders are project managers, designers, consultants, customer support specialists, researchers, event planners, marketers, networkers, writers, recruiters, strategists. But above all, community builders are people people. They have their finger on the pulse of the group. They have... See more

Follow up with measurable KPIs that include things like growth, engagement, onboarding, retention, and value. Think about the obstacles for each and the methods you’ll use to overcome them.When I say measurable, I mean using numbers, not phrases like “improve” or “provide value.” If you can’t concretely point to how you met your goal, it’s not... See more

PFPPFP is an abbreviation for ‘picture for proof’ or commonly known as a profile picture. NFT PFPs as of now are only commonly used within Twitter. Other social media platforms are planning to adopt NFT PFPs into their application.

However, when there is hype for a specific industry, it usually escalates and then declines.You should consider this before taking your friend’s advice on starting a new project in this space.

Third, NFTs can include what are called smart contracts, or coded elements that can automatically take actions under certain conditions. The concept is of an automated and self-enforcing set of rules that can’t be ignored or skipped.

 People adhere to their dentist’s recommendations to maintain dental hygiene and minimize the risk of any dental problems.