In our blogs, we have multiple articles that cover the topic of how to make money with that specific technology. Money is an appealing and enchanting term for a very long time. And there is no person that doesn’t want to earn money. The advancement of technology has made it easier to earn money especially online. Many youngsters have been switching to online earning. In this article, we are going to see yet another technology i.e Web 3. In this piece of writing, we will deeply understand how to make money with web 3.
Table of Content
What is web 3?
Let’s briefly discuss what is web 3.0 before moving on to how to make money with it. In a nutshell, web3 is the third generation of the web. The previous two generations were web 1 and web 2. The fundamental aspect of web 3 is its decentralization. Also, web 3 will have internet in 3D. There will be d-apps, blockchain, cryptocurrencies, and smart contracts. All of these components become one to form a web 3. If you want to have in-depth knowledge about web 3 you can read our article on 10 Web 3.0 Examples: The Ultimate Future of Internet?Â
For a comparison between web 2 and web 3 read Web 2.0 And Web 3.0 Ultimate Full Comparison.
How to make money with web 3
With the basic definition of web 3 out of our sight now we can clearly focus on our main subject which is how to make money with web 3? We already have seen that earning online is a huge thing. It is roughly stated that 1 in every 16 Americans is earning money online. So Web 3 is going to be the next sensation all over the world. And many people are already asking the question of how can they start making money with it. Now we are going to thoroughly submerge in our main topic.
4 Simple Steps To Make Money With Web 3
Below we are going to see 4 ways in which you can make money with web 3. It is a new term so by reading this article you will be already ahead of the curve. And if you are interested to see what business opportunities web 3 will open you should definitely have a look at our article on Web 3 business opportunities.
1. Sell your own data
The first way to make money with web 3 is by selling your own data.
It’s already clear as water that the service of tech giants that you are using may seem free at first glance but it isn’t. Famous tech giants like Google, Facebook, and many more actually sell your data and earn money. Moreover, you are not the owner of the things that you create on these platforms, they are. But this is soon going to change because of Web 3. Because It will decentralize the web and will present an opportunity for people to control their data according to their liking. So now you can even sell your data and the revenue will be yours.
What’s more exciting is that you can create art and that ownership of that art is yours. It cant be copied. Also, it can not even get stolen. All of this is happening because of NFT.
If you want to know more about NFT you can read our guide on What is NFT? Ultimate Professional Guide 2022.
2. Create your own currency
Another great money-making opportunity by web 3 is creating your own currency. That’s right with web 3 now you can create and mint your own cryptocurrency. The famous platform for this is Privi. Once the value will be high you can buy whatever you like from it. So this is an initiative that can make you a millionaire.
3. Blockchain developer
One of the best ways to make money with web 3 is to become a blockchain developer. Blockchain development is one of the highest-paying jobs at the moment. As you know blockchain is the main component of web 3. You can get a picture of how blockchain development will take you ahead in 5th gear. Becoming a blockchain developer is not easy. You will need high dedication, extra hard work, practice, and patience to become one.
In our article on how to become a blockchain developer, we have presented you with a complete road map. It is one of the most comprehensive articles on the web. So if you want to become a blockchain developer then you must have to read this article. Also, this will put you on the successful path to becoming a blockchain developer.
With blockchain development, you can create d-apps as well as write smart contracts. And these are the other two main components of web 3.
4. Software as a Service (SaaS)
Last on our list is selling your software services. This is going to grow at an exponential rate once web 3 will be fully launched. Cryptocurrencies are in high trend and to store them e-wallets are used. So a good and secure wallet is very high in demand. You can create an e-wallet and sell it for a monthly or yearly subscription fee. Moreover, you can create other software, and rather than get a payment in ordinary currency you can get a subscription fee in cryptocurrency.
Conclusion
In this article, we have covered the topic of how to make money with web 3. Making money online is already a big thing and after web 3 it will grow more. With 4 ways to make money with web 3, you can pick anyone and start implementing it. All of these 4 ways are highly paid and will put you on the road to becoming a millionaire.
