Inside Web3 | Bootstrapping your Web3 company: 3 steps to success
Discover more from Inside Web3 │ By Julian Ivaldy
Inside Web3 | Bootstrapping your Web3 company: 3 steps to success
Logbook of a Web3 builder: News, resources, fundraising, and learnings
👋 Hello insiders,
I hope you are well :)
Before I start, I wanted to mention that this edition is particularly important as it's the last one in a weekly format. I'll tell you all about it at the end of this edition.
This week, we set out on a mission to reach top-tier partners who could change the destiny of Mobula. Today we have closed a partnership with the majority of the partners contacted. Honestly, it's pretty crazy, especially with 0 warm intros, only cold reach. I'll do a dedicated edition on it, but as you can imagine, I can't give any name yet. You'll be happy. Collaborations will be announced publicly in February.
Today I share an extract from an interview I did with Web3Tribe. I talk about the most common mistakes of Web3 entrepreneurs and the three steps to create an ambitious Web3 project that will have every chance to succeed without any cash. Here is the link to the video if you want to check out the interview directly: Web3 Entrepreneurship: 3 steps to build a successful Web3 company with $0
Inside Web3 | Bootstrapping your Web3 company: 3 steps to success
🗞 News
💼 Resources
🏦 Fundraising
📓 Learnings
🗞 News
🏎️ Porsche NFT trading volume nears $5M despite launch woes, minting halt
German luxury car manufacturer Porsche's nonfungible token (NFT) collection reached 2,839 Ether ETH tickers, down $1,591 ($4.5 million) in total sales volume.
📟 Hacken launched a smart contract monitoring system
Hacken Extractor can detect threats and anomalies, react to sudden liquidity drops, and control contract ownership. The beta program is already up, and according to the brand, it will become the most powerful solution for post-deployment security in 2023
🇺🇸 US institutions account for 85% of Bitcoin buying in ‘very positive sign’
Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist.
🚀 Intertrust Launches Creator Toolkit to Accelerate the Transition to Web3
Intertrust has launched Intertrust MarketMaker, a web3 toolkit for deploying advanced content distribution models. The toolkit combines Token Rights management and digital rights management to enable fractional rights ownership.
🏦 Silvergate suspends dividends to preserve 'highly liquid balance sheet'
California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.”
💼 Resources
🤖 How to Code Web 3.0 Apps with ChatGPT A.I. Step-by-Step
A video tutorial that introduces the creation of Web3 App / DApp & crypto using the ChatGPT AI Tool.
🥛 Are NFTs refundable?
Some legal experts think NFTs could soon be included in these right-of-withdrawal laws. And clearly, Porsche’s legal team wanted to get ahead of it and ensure that people gave up this right when minting the NFTs (AKA people can’t get a refund.)
⏳ Web3 gaming needs to focus on sustainable economies
For Immutable, which raised $200 million at a $2.5 billion valuation last year, the most important element is “to build a fantastic experience for players — the economy has to be sustainable, and user experience has to be fantastic,” Ferguson said. “From there, everything will flow.”
🏦 Fundraising
This week, fundraising is on 🔥🔥 in the Web3 ecosystem
Hollywood in Web3: StoryCo Raises $6M to Decentralize Storytelling
Blockstream raises $125 million for Bitcoin mining expansion
QuickNode Raises $60M Series B To Further Blockchain Adoption
Former Jam City and MySpace Execs Raise $32M in Seed Funding For Web3 Social Platform Plai Labs
Neowiz’s Intella X raises $12M for Web3 gaming platform
Africa Web3 games publisher Carry1st raises $27M
📓 Learnings
🔗 Shortcut:
Web3 Entrepreneurship: 3 steps to build a successful Web3 company with $0
Creating a Web3 project is far from easy. Whether you want to create a product for fun, an agency, a cash machine, or an ambitious startup, you will face many challenges.
To maximize your chances of success, you can start your business independently, self-funded, without raising money (or as late as possible). This will allow you to STAY IN THE TRUTH, not lie to yourself about how useful your project is to the market.
This will push you to make better choices, to be directly confronted with the market, to think about monetization quickly enough to ensure the viability of your project and to understand a large part of the components of your business.
In Web3, you need honest feedback on your project, its usefulness, and market response. You must detach from the associated crypto to focus on the project's viability. In this video, I present you the 3 steps to maximize your chances of success in creating a Web3 company - without any funds:
The latest weekly edition 👋
Today is the last edition of the weekly newsletter format. The newsletter was originally designed to share the progress of the projects I built in Web3, mainly in Mobula. Since Mobula has grown from an idea to a 10-person company, used by over 150,000 people and backed by a $1M fundraising round, I'm no longer involved in operations as I used to be. Unfortunately, the weekly bootstrapping edition no longer corresponds to the project's maturity.
The newsletter will continue to exist, and I'll share editions when I feel it'll help you.
Thank you for the support since day 1 🏴☠️🖤