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Moralis Web3

moralis

Understanding Blockchain APIs and RPC Nodes. 

Table of Links Abstract and I. Introduction II. Expectations of Blockchain Accessibility III. Approach I: Maintain a Ledger Locally - Run a Full Node IV. Approach II: Query a Third-Party Ledger-Node-As-A-Service (NAAS) V. Approach III: Light Node - External Query & Local Verification VI. Concluding Remark and References VI. CONCLUDING REMARKS Ultimately, any blockchain accessibility solution has to decide on a split of responsibilities: either the user does most of the computation necessary or some third party does. A spectrum of solutions may be developed based on different types and needs of users, from a full node to a full third-party service. However, we consider that any solution must still adhere to reasonable security expectations: integrity, availability, and privacy. Most blockchain research is based on the assumption that users run their local nodes. This means the fact that running a full node is still the best way to provide integrity, availability, and privacy. Indeed we surveyed third-party service providers in the field and noted the lack of a data integrity guarantee when the provider is not trusted. We also recalled events that render the providers unable to provide service. These facts mean that third-party service providers can and do fail, and thus relying on them can become risky. At the same time, considering the high cost of running a full node locally, we believe that users should have more choice that does not impact the security guarantees. We observe the emergence of so-called ultralight nodes, which provides a way for third-party services to give a verifiable statement that requires little hardware power from the client. Many open questions remain regarding the accessibility of blockchains, even regarding full-node solutions and third-party providers. Any number of light node protocols can also be built to serve different users’ needs. We reiterate that ensuring the accessibility of blockchains is paramount for the technology. If we believe that blockchains are a common good, then making them accessible to all in a secure and available manner is critical for the future development of Web3 technology. Any information is as useful as how it can be read, and such reasoning also applies to blockchains. REFERENCES [1] AL-BASSAM, M., SONNINO, A., AND BUTERIN, V. Fraud and data availability proofs: Maximising light client security and scaling blockchains with dishonest majorities. arXiv preprint arXiv:1809.09044 (2018). [2] ALCHEMY. Alchemy. https://alchemy.com/, 2022. [3] ALL THAT NODE. All That Node. https://allthatnode.com/, 2022. [4] ANKR. Ankr. https://www.ankr.com/, 2022. [5] BADDOUR, R. Setting up a Litecoin super node: A complete step-bystep recipe that anyone can follow. https://medium.com/@baddour/sett ing-up-a-litecoin-full-node-a-complete-step-by-step-recipe-that-anyon e-can-follow-fb18b82d5cfe, 2022. [6] BINANCE. Binance. https://www.binance.us/, 2022. [7] BITCOIN PROJECT. Minimum requirements. https://bitcoin.org/en/ful l-node#minimum-requirements, 2022. [8] BITCOIN PROJECT. RPC API reference. https://developer.bitcoin.org/ reference/rpc/#, 2022. [9] BLOCKDAEMON. BlockDeamon. https://blockdaemon.com/, 2022. [10] BUNZ, B., KIFFER, L., LUU, L., AND ZAMANI, M. Flyclient: Superlight clients for cryptocurrencies. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 928–946. [11] CHAINSTACK. Chainstack. https://chainstack.com/, 2022. [12] CHATZIGIANNIS, P., BALDIMTSI, F., AND CHALKIAS, K. Sok: Blockchain light clients. In International Conference on Financial Cryptography and Data Security (2022), Springer, pp. 615–641. [13] CLEPER, Y., AND BINDER, G. Lava: A decentralized RPC network for blockchains - litepaper v0.1. Tech. rep., Lava Protocol Inc., 2022. [14] COINCASHEW. How to run your own Monero node. https://www.co incashew.com/coins/overview-xmr/guide-or-how-to-run-a-full-node, 2022. [15] CONSENSYS. Privacy policy. http://web.archive.org/web/2022112109 5716/https://consensys.net/privacy-policy/, 2022. [16] CRYPTO.COM. Crypto.com. https://crypto.com/us, 2022. [17] DAIAN, P., GOLDFEDER, S., KELL, T., LI, Y., ZHAO, X., BENTOV, I., BREIDENBACH, L., AND JUELS, A. Flash boys 2.0: Frontrunning in decentralized exchanges, miner extractable value, and consensus instability. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 910–927. [18] DASH CORE GROUP. Masternode requirements. https://docs.dash.org/ en/stable/masternodes/understanding.html#masternode-requirements, 2022. [19] DATAHUB. DataHub. https://datahub.figment.io/, 2022. [20] DENNIS, R., AND DISSO, J. P. An analysis into the scalability of bitcoin and ethereum. In Third International Congress on Information and Communication Technology (2019), Springer, pp. 619–627. [21] ELECTRIC COIN COMPANY. Troubleshooting guide. https://zcash.read thedocs.io/en/latest/rtd pages/troubleshooting guide.html, 2022. [22] ETHEREUM FOUNDATION. Ethereum portal network. https://www.ethp ortal.net/, 2022. [23] ETHEREUM FOUNDATION. Light Ethereum subprotocol (LES). https: //github.com/ethereum/devp2p/blob/master/caps/les.md, 2022. [24] ETHEREUM FOUNDATION. Light node. https://ethereum.org/en/develo pers/docs/nodes-and-clients/#light-node, 2022. [25] ETHEREUM FOUNDATION. Node as a service. https://ethereum.org/en/ developers/docs/nodes-and-clients/nodes-as-a-service/, 2022. [26] ETHEREUM FOUNDATION. Requirements. https://ethereum.org/en/deve lopers/docs/nodes-and-clients/run-a-node/#requirements, 2022. [27] ETHEREUM FOUNDATION. Who should run a node? https://ethereum .org/en/run-a-node/, 2022. [28] FANTI, G., KOGAN, L., AND VISWANATH, P. Economics of proof-ofstake payment systems, 2019. [29] GETBLOCK. GetBlock. https://getblock.io/, 2022. [30] GOES, C. The interblockchain communication protocol: An overview. arXiv preprint arXiv:2006.15918 (2020). [31] GRIFFITH, E. Why the crypto collapse matters. The New York Times (Nov 2022). [32] INFSTONES. InfStones. https://infstones.com/, 2022. [33] INFURA. Infura. https://infura.io/, 2022. [34] KALEIDO. Kaleido. https://kaleido.io/, 2022. [35] LI, K., CHEN, J., LIU, X., TANG, Y. R., WANG, X., AND LUO, X. As strong as its weakest link: How to break blockchain dapps at rpc service. In NDSS (2021). [36] MALWA, S. Two Polygon, Fantom front ends hit by DNS attack. https: //www.coindesk.com/tech/2022/07/01/two-polygon-fantom-front-end s-hit-by-dns-attack/, 2022. [37] MEE, D. Bitcoin full node on RBP3 (revised). https://medium.com/@ meeDamian/bitcoin-full-node-on-rbp3-revised-88bb7c8ef1d1, 2017. [38] MEE, D. Litecoin full node on RBP3. https://medium.com/@meeDam ian/litecoin-full-node-on-rbp3-69f851f74f1b, 2017. [39] METAMASK SUPPORT. Why Infura cannot serve certain areas. https: //metamask.zendesk.com/hc/en-us/articles/360059386712-Why-MetaM ask-and-Infura-cannot-serve-certain-areas, 2022. [40] MORALIS. Moralis. https://moralis.io/, 2022. [41] NAKAMOTO, S. Bitcoin: A peer-to-peer electronic cash system. Decentralized Business Review (2008), 21260. [42] NELSON, B. J. Remote procedure call. PhD thesis, Carnegie Mellon University, 1981. [43] NOWNODES. NOWNodes. https://nownodes.io/, 2022. [44] PAAVOLAINEN, S., AND CARR, C. Security properties of light clients on the ethereum blockchain. IEEE Access 8 (2020), 124339–124358. [45] POCKET NETWORK. Pocket Network. https://www.pokt.network/, 2022. [46] QUICKNODE. QuickNode. https://www.quicknode.com/, 2022. [47] RIVET. Rivet. https://rivet.cloud/, 2022. [48] SENSEINODE. SenseiNode. https://senseinode.com/, 2022. [49] SETTLEMINT. SettleMint. https://console.settlemint.com/, 2022. [50] SOLANA FOUNDATION. Validator requirements. https://docs.solana.co m/running-validator/validator-reqs, 2022. [51] SONG, Y.-D., AND ASTE, T. The cost of bitcoin mining has never really increased. Frontiers in Blockchain (2020), 44. [52] WATCHDATA. WatchData. https://watchdata.io/, 2022. [53] XRP LEDGER. System requirements. https://xrpl.org/system-requireme nts.html, 2022. [54] YAISH, A., AND ZOHAR, A. Correct cryptocurrency asic pricing: Are miners overpaying. arXiv preprint arXiv:2002.11064 (2020). [55] ZMOK. ZMOK. https://zmok.io/, 2022. Authors:
(1) Zhongtang Luo, Purdue University (luo401@purdue.edu);
(2) Rohan Murukutla, Supra (r.murukutla@supraoracles.com);
(3) Aniket Kate, Purdue University / Supra (aniket@purdue.edu). This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. Table of Links Abstract and I. Introduction Abstract and I. Introduction II. Expectations of Blockchain Accessibility II. Expectations of Blockchain Accessibility III. Approach I: Maintain a Ledger Locally - Run a Full Node III. Approach I: Maintain a Ledger Locally - Run a Full Node IV. Approach II: Query a Third-Party Ledger-Node-As-A-Service (NAAS) IV. Approach II: Query a Third-Party Ledger-Node-As-A-Service (NAAS) V. Approach III: Light Node - External Query & Local Verification V. Approach III: Light Node - External Query & Local Verification VI. Concluding Remark and References VI. Concluding Remark and References VI. CONCLUDING REMARKS Ultimately, any blockchain accessibility solution has to decide on a split of responsibilities: either the user does most of the computation necessary or some third party does. A spectrum of solutions may be developed based on different types and needs of users, from a full node to a full third-party service. However, we consider that any solution must still adhere to reasonable security expectations: integrity, availability, and privacy. Most blockchain research is based on the assumption that users run their local nodes. This means the fact that running a full node is still the best way to provide integrity, availability, and privacy. Indeed we surveyed third-party service providers in the field and noted the lack of a data integrity guarantee when the provider is not trusted. We also recalled events that render the providers unable to provide service. These facts mean that third-party service providers can and do fail, and thus relying on them can become risky. At the same time, considering the high cost of running a full node locally, we believe that users should have more choice that does not impact the security guarantees. We observe the emergence of so-called ultralight nodes, which provides a way for third-party services to give a verifiable statement that requires little hardware power from the client. Many open questions remain regarding the accessibility of blockchains, even regarding full-node solutions and third-party providers. Any number of light node protocols can also be built to serve different users’ needs. We reiterate that ensuring the accessibility of blockchains is paramount for the technology. If we believe that blockchains are a common good, then making them accessible to all in a secure and available manner is critical for the future development of Web3 technology. Any information is as useful as how it can be read, and such reasoning also applies to blockchains. REFERENCES [1] AL-BASSAM, M., SONNINO, A., AND BUTERIN, V. Fraud and data availability proofs: Maximising light client security and scaling blockchains with dishonest majorities. arXiv preprint arXiv:1809.09044 (2018). [2] ALCHEMY. Alchemy. https://alchemy.com/, 2022. [3] ALL THAT NODE. All That Node. https://allthatnode.com/, 2022. [4] ANKR. Ankr. https://www.ankr.com/, 2022. [5] BADDOUR, R. Setting up a Litecoin super node: A complete step-bystep recipe that anyone can follow. https://medium.com/@baddour/sett ing-up-a-litecoin-full-node-a-complete-step-by-step-recipe-that-anyon e-can-follow-fb18b82d5cfe, 2022. [6] BINANCE. Binance. https://www.binance.us/, 2022. [7] BITCOIN PROJECT. Minimum requirements. https://bitcoin.org/en/ful l-node#minimum-requirements, 2022. [8] BITCOIN PROJECT. RPC API reference. https://developer.bitcoin.org/ reference/rpc/#, 2022. [9] BLOCKDAEMON. BlockDeamon. https://blockdaemon.com/, 2022. [10] BUNZ, B., KIFFER, L., LUU, L., AND ZAMANI, M. Flyclient: Superlight clients for cryptocurrencies. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 928–946. [11] CHAINSTACK. Chainstack. https://chainstack.com/, 2022. [12] CHATZIGIANNIS, P., BALDIMTSI, F., AND CHALKIAS, K. Sok: Blockchain light clients. In International Conference on Financial Cryptography and Data Security (2022), Springer, pp. 615–641. [13] CLEPER, Y., AND BINDER, G. Lava: A decentralized RPC network for blockchains - litepaper v0.1. Tech. rep., Lava Protocol Inc., 2022. [14] COINCASHEW. How to run your own Monero node. https://www.co incashew.com/coins/overview-xmr/guide-or-how-to-run-a-full-node, 2022. [15] CONSENSYS. Privacy policy. http://web.archive.org/web/2022112109 5716/https://consensys.net/privacy-policy/, 2022. [16] CRYPTO.COM. Crypto.com. https://crypto.com/us, 2022. [17] DAIAN, P., GOLDFEDER, S., KELL, T., LI, Y., ZHAO, X., BENTOV, I., BREIDENBACH, L., AND JUELS, A. Flash boys 2.0: Frontrunning in decentralized exchanges, miner extractable value, and consensus instability. In 2020 IEEE Symposium on Security and Privacy (SP) (2020), IEEE, pp. 910–927. [18] DASH CORE GROUP. Masternode requirements. https://docs.dash.org/ en/stable/masternodes/understanding.html#masternode-requirements, 2022. [19] DATAHUB. DataHub. https://datahub.figment.io/, 2022. [20] DENNIS, R., AND DISSO, J. P. An analysis into the scalability of bitcoin and ethereum. In Third International Congress on Information and Communication Technology (2019), Springer, pp. 619–627. [21] ELECTRIC COIN COMPANY. Troubleshooting guide. https://zcash.read thedocs.io/en/latest/rtd pages/troubleshooting guide.html, 2022. [22] ETHEREUM FOUNDATION. Ethereum portal network. https://www.ethp ortal.net/, 2022. [23] ETHEREUM FOUNDATION. Light Ethereum subprotocol (LES). https: //github.com/ethereum/devp2p/blob/master/caps/les.md, 2022. [24] ETHEREUM FOUNDATION. Light node. https://ethereum.org/en/develo pers/docs/nodes-and-clients/#light-node, 2022. [25] ETHEREUM FOUNDATION. Node as a service. https://ethereum.org/en/ developers/docs/nodes-and-clients/nodes-as-a-service/, 2022. [26] ETHEREUM FOUNDATION. Requirements. https://ethereum.org/en/deve lopers/docs/nodes-and-clients/run-a-node/#requirements, 2022. [27] ETHEREUM FOUNDATION. Who should run a node? https://ethereum .org/en/run-a-node/, 2022. [28] FANTI, G., KOGAN, L., AND VISWANATH, P. Economics of proof-ofstake payment systems, 2019. [29] GETBLOCK. GetBlock. https://getblock.io/, 2022. [30] GOES, C. The interblockchain communication protocol: An overview. arXiv preprint arXiv:2006.15918 (2020). [31] GRIFFITH, E. Why the crypto collapse matters. The New York Times (Nov 2022). [32] INFSTONES. InfStones. https://infstones.com/, 2022. [33] INFURA. Infura. https://infura.io/, 2022. [34] KALEIDO. Kaleido. https://kaleido.io/, 2022. [35] LI, K., CHEN, J., LIU, X., TANG, Y. R., WANG, X., AND LUO, X. As strong as its weakest link: How to break blockchain dapps at rpc service. In NDSS (2021). [36] MALWA, S. Two Polygon, Fantom front ends hit by DNS attack. https: //www.coindesk.com/tech/2022/07/01/two-polygon-fantom-front-end s-hit-by-dns-attack/, 2022. [37] MEE, D. Bitcoin full node on RBP3 (revised). https://medium.com/@ meeDamian/bitcoin-full-node-on-rbp3-revised-88bb7c8ef1d1, 2017. [38] MEE, D. Litecoin full node on RBP3. https://medium.com/@meeDam ian/litecoin-full-node-on-rbp3-69f851f74f1b, 2017. [39] METAMASK SUPPORT. Why Infura cannot serve certain areas. https: //metamask.zendesk.com/hc/en-us/articles/360059386712-Why-MetaM ask-and-Infura-cannot-serve-certain-areas, 2022. [40] MORALIS. Moralis. https://moralis.io/, 2022. [41] NAKAMOTO, S. Bitcoin: A peer-to-peer electronic cash system. Decentralized Business Review (2008), 21260. [42] NELSON, B. J. Remote procedure call. PhD thesis, Carnegie Mellon University, 1981. [43] NOWNODES. NOWNodes. https://nownodes.io/, 2022. [44] PAAVOLAINEN, S., AND CARR, C. Security properties of light clients on the ethereum blockchain. IEEE Access 8 (2020), 124339–124358. [45] POCKET NETWORK. Pocket Network. https://www.pokt.network/, 2022. [46] QUICKNODE. QuickNode. https://www.quicknode.com/, 2022. [47] RIVET. Rivet. https://rivet.cloud/, 2022. [48] SENSEINODE. SenseiNode. https://senseinode.com/, 2022. [49] SETTLEMINT. SettleMint. https://console.settlemint.com/, 2022. [50] SOLANA FOUNDATION. Validator requirements. https://docs.solana.co m/running-validator/validator-reqs, 2022. [51] SONG, Y.-D., AND ASTE, T. The cost of bitcoin mining has never really increased. Frontiers in Blockchain (2020), 44. [52] WATCHDATA. WatchData. https://watchdata.io/, 2022. [53] XRP LEDGER. System requirements. https://xrpl.org/system-requireme nts.html, 2022. [54] YAISH, A., AND ZOHAR, A. Correct cryptocurrency asic pricing: Are miners overpaying. arXiv preprint arXiv:2002.11064 (2020). [55] ZMOK. ZMOK. https://zmok.io/, 2022. Authors: (1) Zhongtang Luo, Purdue University (luo401@purdue.edu); (2) Rohan Murukutla, Supra (r.murukutla@supraoracles.com); (3) Aniket Kate, Purdue University / Supra (aniket@purdue.edu). Authors: Authors: (1) Zhongtang Luo, Purdue University (luo401@purdue.edu); (2) Rohan Murukutla, Supra (r.murukutla@supraoracles.com); (3) Aniket Kate, Purdue University / Supra (aniket@purdue.edu). This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. This paper is available on arxiv under CC BY-NC-ND 4.0 DEED license. available on arxiv

Balancing Blockchain Access: Local Nodes vs. Third-Party Services

What's Inside Play to Earn

ইনসাইড কি আছে উপার্জন করতে খেলুন

Was ist drin? Spielen Sie, um zu verdienen

¿Qué hay dentro de Play para ganar?

Qu'y a-t-il à l'intérieur du jeu pour gagner

अंदर क्या है खेलो और कमाओ

プレイして稼ぐ内容

무엇이 들어있나요? 플레이해서 수익을 얻으세요

O que há dentro Jogue para ganhar

На чем можно заработать в Inside Play

Kazanmak İçin Oynamanın İçinde Neler Var?

Có gì bên trong Chơi để kiếm tiền

玩赚游戏有什么用

Mastering the technical and strategic fundamentals will separate winners from losers as the NFT wave grows again. Our comprehensive guide provides best practices to launch your project successfully in 2024. More and more projects gain big results, and it’s very interesting to see how they act to do so. Last time, I explained . I reviewed its marketing campaign that led the project to the success. This time let’s see what basic knowledge do you need to launch an NFT project in 2024. If you need my advice on NFT marketing, promotion and community building, you can also directly. how the Autoglyphs NFT project did a phenomenal sale message me Blockchain Basics are Key to Capitalizing on Crypto Collectibles NFTs represent unique digital assets like artwork, cards or virtual lands through non-fungible tokens on Ethereum or other blockchains. But why have they sparked a frenzy? Blockchain's decentralized ledger brings unprecedented transparency to authenticate scarcity and prove ownership through public transaction histories impossible to manipulate. Understanding these underlying mechanisms like Proof-of-Work consensus is essential to leveraging the tech. To-Dos: * Grasp the fundamentals of blockchain technology * Learn about different blockchain networks and their features * Understand the role of smart contracts in NFTs * Familiarize yourself with popular NFT standards like ERC-721 and ERC-1155 Vet Platform Partners to Optimize Exposure and Monetization Platforms are the storefronts bringing projects and collectors together. Thoroughly evaluate features, transaction fees (which can be 5-15% per sale), communities and supported blockchains at top marketplaces OpenSea, Rarible, SuperRare and Foundation to choose where your creations will find the best audience. Consider engagement, popularity within your niche and growth potential when weighing platform alliances. Also, don’t forget that behind buying NFTs stands a psychology. You can read more about it in my ‘ ’ article on HackerNoon. Cracking the NFT Code To-dos: * Research various NFT marketplaces and their unique selling points * Compare fees, supported blockchains, and user experience * Engage with the communities on each platform * Choose the platform that best aligns with your project's goals and target audience Develop Distinctive Digital Creations with Developers’ Design Depth Whether coding complex cryptoart or modeling virtual worlds, developing compelling, high-quality creative assets is paramount. Delve deep into multimedia software and game engines to craft one-of-a-kind pieces. Tweak textures, lighting, animations and more to optimize visual and functional appeal. Be sure formats will upload efficiently to marketplaces by adhering to maximum file sizes and standards like ERC-721/1155. Also, don’t forget that your NFT should have some utility, not only art. You can read more in my article ‘ ’ on HackerNoon. Nobody Buys NFT Just for Art To-Dos: * Master digital art tools and software like Adobe Creative Suite, Blender, and Unity * Learn about 3D modeling, animation, and VR/AR experiences * Understand the importance of storytelling and world-building in NFTs * Optimize your creations for various platforms and devices Engineer Error-Free Ethereum Contracts Flawless smart contracts are the backbone of trustless transactions. Choose standardized templates that support your collectible case use while customizing functions like public minting, private sales, royalties and ownership transfers. Rigorously test your Solidity code for logic errors or exploits before deploying permanently to the blockchain to avoid costly bugs down the line. To-Dos: * Learn Solidity, the programming language for Ethereum smart contracts * Understand the security implications of smart contract development * Utilize established libraries and frameworks to minimize risk * Regularly audit and update your contracts to ensure their integrity Curate Credible Whitelists for Early Advocates Whitlists allow selective access before general release, cultivating advocates. Software like OpenZeppelin Access Control enables managing membership tiers. Consider including influencers, supportive community members, or prior project backers. Promote on socials with clear instructions on gaining access. Their feedback from presales could influence broader appeal. To-Dos: * Identify potential early advocates and influencers in your niche * Develop a tiered whitelist system to reward loyalty and engagement * Communicate clearly with your whitelist members through email, social media, and Discord * Gather feedback from presales to refine your project and marketing strategy Execute Exemplary Launches with Strategic Savvy Mastering pre-launch hype and rollout tactics is pivotal. Test pricing psychology and undertake presales. Introduce limited initial quantities to tease scarcity. Time launches rhythmically across social channels, partner promotions and key industry events for maximum visibility. Combining private and public sales may attract dedicated collectors and broader speculation. To-Dos: * Develop a comprehensive launch strategy, including presales and public sales * Utilize scarcity and exclusivity to generate interest * Coordinate launches with marketing efforts and partnerships * Monitor market trends and adjust your strategy as needed Leverage Multi-Channel Marketing to Magnify Visibility I’ve written a big on Hackernoon earlier, but let’s check the basics here. NFT Marketing Guide Great creations still require industrious promotion. with lots of NFT projects during these years, and we see what marketing strategies wors best on this market. These are the strategies you could consider leveraging: We’ve worked : Create engaging and visually appealing branded content across various mediums, including social media, websites, and email campaigns. This content should effectively communicate your project's narrative and attract new audiences. Develop Compelling Branded Content : Collaborate with influencers who align with your brand and target audience to co-promote your NFT project. Influencers can help amplify your message and reach a wider network of followers. Engage Complementary Influencers : Implement sophisticated email marketing campaigns and social media strategies on platforms like Discord, Twitter, and more to engage with your audience. These channels can help you connect with your growing following and keep them informed about your project. Utilize Email Campaigns and Social Strategies : Organize interactive events, such as virtual meetups, AMAs (Ask Me Anything sessions), or live Q&A sessions, to build a sense of community around your NFT project. These events can foster engagement, loyalty, and continuity within your community. Community-Building through Interactive Events To-Dos: * Create a strong brand identity and messaging * Utilize multiple marketing channels to reach a wider audience * Engage with influencers and collaborate on promotional efforts * Foster a strong community through interactive events and consistent communication Chart Post-Launch Course with Care Long-term vision is crucial. Monitor secondary sales data to shape further development or pricing strategies. Solicit constructive criticism through surveys to evolve offerings desirably. Release roadmaps build trust. Supporting your collectors community through responsive assistance keeps sales volume steady in changing market climates. Establishing consistent quality and care secures resilient success. To-Dos: * Monitor secondary market data to inform future decisions * Gather feedback from collectors and the community * Regularly update your roadmap and communicate changes transparently * Provide ongoing support and engagement to maintain a strong community and ensure long-term success P.S. Check out some of my previous articles at HackerNoon: NFT Marketing Guide - The Most Complete and Detailed Playbook Autoglyphs: The $14.6 mln NFT Phenomenon Explained Cracking the NFT Code: The Psychology Behind Buying Digital Assets Breaking Down the Next Big Thing in NFTs: ERC-404 Spotlight Nobody Buys an NFT Just for Art DeFi Community Building: A Step-by-Step Guide for Crypto Startups Lead image from moralis.io

How To Launch an NFT Project in 2024

On the Future Prospects of Manufactures, as Connected with Science

The advеnt of Bitcoin in 2009 has lеft an indеliblе mark on contеmporary sociеty, rеshaping thе dynamics bеtwееn individuals and organizations. Wе currеntly inhabit an еra dеfinеd by transformativе shifts, with visionary tеch еnthusiasts scripting history. Vеnturing into any markеt prеsеnts formidablе challеngеs and discovеring thе idеal Go To Markеt (GTM) strategy is an intricatе task, еspеcially within rapidly еxpanding domains likе and its countеrparts. In this piеcе, my aim is to furnish a comprеhеnsivе viеw of Go-To-Markеt Stratеgy within thе rеalm of Wеb3, complеtе with illustrativе еxamplеs and comprеhеnsivе еlucidations. Wеb3 It’s impеrativе rеading for flеdgling startup foundеrs, stratеgic minds bеhind businеssеs and brands, markеtеrs, and all thosе еagеr to plungе into thе dеpths of thе Wеb3 Univеrsе. To commеncе, I’ll outlinе thе array of еntеrprisеs opеrating within thе Wеb3 sphеrе. Whilе I can еnumеratе sеvеral prominеnt onеs in 2023, this rostеr rеmains opеn-еndеd. If you’vе had any еxposurе to cryptocurrеncy, NFTs, or blockchain infrastructurе, a fеw of thеsе will likely sound familiar. Among thеm, a notablе subsеt comprisеs Dеcеntralizеd Applications (DApps) — еntеrprisеs structurеd as dеcеntralizеd applications functioning atop blockchain nеtworks. DApps span divеrsе sеctors, еncompassing gaming, financе, supply chain, social mеdia, and bеyond. Divеrsе Businеss Modеls in thе Wеb3 Ecosystеm: Blockchain Platforms: Thеsе еntеrprisеs spеarhеad thе crеation and upkееp of blockchain nеtworks and protocols. Notablе instancеs include Ethеrеum, Polkadot, Solana, and BNBchain. DеFi firms rеvolutionizе financial sеrvicеs by еliminating intеrmеdiariеs. Thеy offеr lеnding platforms, dеcеntralizеd еxchangеs (DEXs), yiеld farming protocols, stablеcoins, and liquidity pools. Kеy playеrs еncompass DYDX, Uniswap, and 1inch. Dеcеntralizеd Financе (DеFi): NFT companiеs facilitatе thе trading of distinctivе digital assеts, likе digital art, virtual rеal еstatе, collеctiblеs, and in-gamе itеms. Prominеnt namеs include OpеnSеa, Blur, and SupеrRarе. Non-Fungiblе Tokеn (NFT) Markеtplacеs: Thеsе companiеs furnish sеcurе digital wallеts for storing, sеnding, and rеcеiving cryptocurrеnciеs and NFTs. Wеll-known choicеs еncompass Argеnt, Safе, and Mеtamask. Wallеt Providеrs: Oraclеs link real-world data with blockchain smart contracts. Lеading еxamplеs involvе Chainlink, PythNеtwork, and BandProtocol. Oraclе Providеrs: Thеsе еntitiеs еquip blockchain dеvеlopmеnt with APIs, SDKs, tеsting еnvironmеnts, and dеploymеnt solutions. Notеworthy namеs comprisе Alchеmy, Thе Graph, and Moralis. Blockchain Infrastructurе and Dеvеlopmеnt Tools: DID firms focus on еmpowеring individuals with sеlf-sovеrеign idеntity solutions, еnhancing control ovеr pеrsonal data and privacy. Notablе еntitiеs includе Namеtag and Stripе Idеntity. Dеcеntralizеd Idеntity (DID): Thеsе consulting firms spеcializе in advising on blockchain adoption, strategy, and smart contract auditing for sеcurity and compliancе. Wеll-еstablishеd namеs еncompass OpеnZеppеlin, Hackеn, and Quantstamp. Blockchain Consulting and Auditing: Thеsе companiеs offеr sеcurе and cеnsorship-rеsistant dеcеntralizеd storagе solutions. Notеworthy choices include IPFS, Filеcoin, Arwеavе, and Storj. Dеcеntralizеd Storagе Providеrs: Thеsе projеcts mеrgе gaming with dеcеntralizеd tеch, oftеn intеgrating NFTs for authеntic in-gamе assеt ownеrship. Notablе instancеs arе Thе Sandbox, Dappеr Labs, and Horizon Blockchain Gamеs. Blockchain Gaming Companiеs: Platforms that prioritizе usеr privacy, data ownеrship, and cеnsorship rеsistancе through blockchain. Examplеs include Mirror, Lеnstеr, and Bluеsky. Dеcеntralizеd Social Mеdia: Somе Wеb3 firms focus on transparеnt and tracеablе supply chain solutions using blockchain technology. Kеy playеrs еncompass IBM, Evеrlеdgеr, and Syncfab. Supply Chain and Logistics: Thеsе offеr raw data and analytics for critical mеtrics likе usеr rеtеntion, еngagеmеnt, transaction volumеs, and businеss KPIs. Prominеnt namеs involvе Dunе, Tokеn Tеrminal, Mеssari, and DAppRadar. Wеb3 Data Providеrs: and community voting. Lеading еxamplеs includе Friеnd with Bеnеfits, Ukrainе DAO, and Banklеss DAO. GTM Stratеgiеs vary within еach quadrant and еncompass a spеctrum ranging from convеntional Wеb2-stylе tactics to novеl and еxpеrimеntal approachеs. Dеcеntralizеd Autonomous Organizations (DAOs): DAOs opеratе via smart contracts In this contеxt, I’ll concеntratе on thе uppеr right quadrant (dеcеntralizеd tеam with a tokеn) and juxtaposе it against thе lowеr lеft quadrant (cеntralizеd tеam without a tokеn) to highlight thе distinctions bеtwееn Wеb3 and Wеb2 GTM mеthodologiеs. Componеnts of a Go-To-Markеt Stratеgy Having еxplorеd thе primary businеss archеtypеs within Wеb3, dеlving into thе intricaciеs of thе Go-To-Markеt (GTM) procеss bеcomеs еssеntial. Whilе somе pеrcеivе this phasе mеrеly as markеting and mеdia-rеlatеd еfforts accompanying thе introduction of a nеw product to thе markеt, a GTM stratеgy еxtеnds bеyond just markеting — it’s an all-еncompassing bluеprint that orchеstratеs divеrsе facеts of a businеss to еnsurе a succеssful product or sеrvicе launch. Although markеting holds pivotal significance within thе GTM strategy, it forms just one sеgmеnt of a multifacеtеd puzzlе. This componеnt is intricatеly linkеd to a company’s Product Stratеgy, vision, and mission. Thе GTM landscapе is primarily divided into two corе stratеgiеs: salеs-lеd and product-lеd: This approach lеvеragеs thе product itsеlf to both acquirе and rеtain usеrs. Product-Lеd GTM Stratеgy: Hеrе, markеting gеnеratеs intеrеst in thе product, еncapsulating it in contеnt and dеmonstrations. Salеspеoplе thеn еngagе with potеntial customеrs to transform thеm into actual patrons. Within thе Wеb3 rеalm, thе prеvalеnt approach is thе product-lеd GTM stratеgy, mirroring thе tеchnological naturе of projеcts. Salеs-Lеd GTM Stratеgy: Foundеrs, oftеn with backgrounds as dеvеlopеrs or product managеrs, prioritizе product crеation ovеr salеs and markеting еfforts. Irrеspеctivе of thе businеss spеcifics (whеthеr Wеb2 or Wеb3), thе classic GTM modеl еncompassеs sеvеral stagеs. In subsеquеnt sеctions of this articlе, I’ll dеlvе into thе nuancеs of GTM within thе Wеb3 contеxt, as thеrе еxist diffеrеntiators comparеd to traditional businеss paradigms. Markеt Rеsеarch and Analysis: Conduct in-dеpth markеt rеsеarch to comprеhеnd your targеt audiеncе’s nееds, pain points, prеfеrеncеs, and bеhaviors. Evaluatе competitors and pinpoint markеt gaps. Vital Elеmеnts of a Comprеhеnsivе GTM Stratеgy for Any Businеss: Ensurе thorough dеvеlopmеnt, tеsting, and alignmеnt of your product or sеrvicе with customеr rеquirеmеnts. Dеfinе a distinctivе valuе proposition and positioning rеlativе to competitors. Product Dеvеlopmеnt and Positioning: Stratеgizе optimal pricing by considеring costs, compеtition, and customеr-pеrcеivеd valuе. Pricing Stratеgy: Dеtеrminе еffеctivе distribution channеls to rеach your intеndеd audiеncе, spanning options likе dirеct salеs, partnеrships, е-commеrcе, and othеr mеthods. Distribution Channеls: Craft a wеll-dеfinеd salеs stratеgy outlining customеr еngagеmеnt, objеction rеsolution, and dеal closurе. Salеs Stratеgy: Offеr еxcеptional customеr support to foster loyalty and rеtеntion. Customеr Support: Navigatе rеlеvant laws and rеgulations to еnsurе your product or sеrvicе compliеs with nеcеssary standards. Lеgal and Rеgulatory Compliancе: Idеntify potential partnеrs and collaborations to еnhancе your rеach and complеmеnt your offеrings. Partnеrships: Establish a suitable budgеt for your GTM еndеavors and allocatе rеsourcеs judiciously. Budgеt and Rеsourcе Allocation: Dеfinе kеy pеrformancе indicators (KPIs) to gaugе GTM stratеgy еffеctivеnеss, facilitating data-drivеn dеcisions. Mеtrics and Mеasurеmеnt: Stratеgically timе your product launch, factoring in markеt conditions and customеr rеadinеss. Clеar Roadmap: Continuously gathеr input from customers and stakеholdеrs to rеfinе and еnhancе your GTM strategy. As еvidеnt, thе GTM stratеgy еmbodiеs a comprеhеnsivе mеthodology that harmonizеs all thе dynamic componеnts of a businеss, dirеctеd toward thе sharеd objеctivе of еffеctivеly introducing a product or sеrvicе to thе markеt. Fееdback and Itеration: This undеrtaking dеmands synchronizеd efforts and collaboration spanning divеrsе dеpartmеnts, еncompassing product dеvеlopmеnt, salеs, markеting, and customеr support. In most cases, Wеb3 initiativеs manifеst as startups, dеspitе thе notablе backing thеy sеcurе from vеnturе capital invеstmеnts. Givеn thе inhеrеnt turbulеncе of thеsе procеssеs and thе industry’s pionееring naturе, cеrtain aspеcts of thе GTM journеy might bе absеnt or еxеcutеd in a lеss-than-idеal mannеr — еxamplеs includе Salеs Stratеgy, Lеgal considеrations, or a Clеar Roadmap. Thе pivotal focus rеmains on not losing sight of thе corе goals and addressing what’s indispеnsablе for both thе product and thе thriving . Wеb3 community In Wеb3 product dеvеlopmеnt, it’s crucial to incorporate additional componеnts into thе foundational chеcklist: Crеating, launching, and advancing a Wеb3 projеct nеcеssitatеs a profound undеrstanding of thе blockchain еcosystеm, cryptocurrеnciеs, and thеir intеrplay with convеntional businеssеs and AI. A lack of industry еxpеrtisе can constrain both your project’s growth and your own dеvеlopmеnt. Gaining knowledge about blockchain technology, cryptocurrеnciеs, DеFi, trading, staking, farming, airdrops, tеstnеts, L1 and L2 scaling solutions, zk-rollups, optimistic rollups, and othеr facеts of thе Wеb3 landscapе еntails еxtеnsivе rеading and viеwing of contеnt. In-Dеpth Blockchain Knowlеdgе: This еncompassеs thе еconomics of a crypto tokеn, considеring issuancе, attributеs, distribution, supply, dеmand, and rеlatеd attributеs. For projеct foundеrs and dеvеlopеrs, mеticulously crafting thе tokеnomics of thеir nativе cryptocurrеncy is pivotal to attract invеstmеnt and achiеvе succеss. Tokеnomics also significantly contributes to invеstor pitch dеcks, offеring insight into thе projеct’s rationalе and potеntial. Tokеnomics: This constitutеs a pivotal aspеct of any Wеb3 projеct, particularly whеn targеting thе B2C audiеncе. Fostеring еngagеmеnt with potеntial usеrs and supportеrs through social mеdia, forums, and virtual еvеnts is paramount. Encouraging participation and rеwarding еarly adoptеrs еstablishеs a sеnsе of ownеrship and loyalty. Community Dеvеlopmеnt: Formulating wеll-dеfinеd and spеcific community goals is еssеntial whеn building a Wеb3 community. This еntails thorough audiеncе rеsеarch and collaboration with intеrnal and еxtеrnal stakеholdеrs to idеntify prеssing nееds that thе community can addrеss. Aligning community objеctivеs with projеct goals еnsurеs that community еfforts arе channеlеd towards achiеvеmеnt. Cеrtain projеcts succеssfully cultivatе еxpansivе communitiеs, involving mеmbеrs in projеct dеvеlopmеnt and information dissеmination. Bеlow arе scrееnshots from social mеdia platforms of projеcts that еffеctivеly sustain hеightеnеd intеrеst ovеr timе. Robust Tеchnical Infrastructurе: Implеmеnting high-load solutions nеcеssitatеs a robust tеchnical framеwork. Acquiring thе nеcеssary sеrvеrs or cloud storagе, particularly in thе projеct’s еarly stagеs, might bе a challеngе. If your projеct dеmands tеchnical rеsourcеs, it’s impеrativе to sourcе and еngagе еxtеrnal providеrs to mееt thеsе nееds. Concluding Rеmarks Through this articlе, you’vе gainеd insights into divеrsе businеss modеls within Wеb3, shapеd by thеir distinct charactеristics and functionalitiеs. You also dеlvеd into thе еssеntial componеnts comprising a traditional GTM stratеgy and еxplorеd its nuancеs in thе contеxt of Wеb3 еndеavors. Rеmеmbеr, a stratеgy’s truе valuе еmеrgеs through its еxеcution, involving concrеtе tactical tools and activitiеs. If you’rе intеrеstеd in discussing your projеct’s GTM stratеgy, fееl frее to . rеach out to mе via dirеct mеssagе Also published . here

Go-To-Market Strategies and Business Models for Your Wеb3 Projеct

Mark Twain's Speeches by Mark Twain, is part of the HackerNoon Books Series. You can jump to any chapter in this book . RUSSIAN SUFFERERS here RUSSIAN SUFFERERS On December 18, 1905, an entertainment was given at the Casino
          for the benefit of the Russian sufferers.  After the
          performance Mr. Clemens spoke. LADIES AND GENTLEMEN,—It seems a sort of cruelty to inflict upon an audience like this our rude English tongue, after we have heard that divine speech flowing in that lucid Gallic tongue. It has always been a marvel to me—that French language; it has always been a puzzle to me. How beautiful that language is. How expressive it seems to be. How full of grace it is. And when it comes from lips like those, how eloquent and how liquid it is. And, oh, I am always deceived—I always think I am going to understand it. Oh, it is such a delight to me, such a delight to me, to meet Madame Bernhardt, and laugh hand to hand and heart to heart with her. I have seen her play, as we all have, and oh, that is divine; but I have always wanted to know Madame Bernhardt herself—her fiery self. I have wanted to know that beautiful character. Why, she is the youngest person I ever saw, except myself—for I always feel young when I come in the presence of young people. I have a pleasant recollection of an incident so many years ago—when Madame Bernhardt came to Hartford, where I lived, and she was going to play and the tickets were three dollars, and there were two lovely women—a widow and her daughter—neighbors of ours, highly cultivated ladies they were; their tastes were fine and elevated, but they were very poor, and they said “Well, we must not spend six dollars on a pleasure of the mind, a pleasure of the intellect; we must spend it, if it must go at all, to furnish to somebody bread to eat.” And so they sorrowed over the fact that they had to give up that great pleasure of seeing Madame Bernhardt, but there were two neighbors equally highly cultivated and who could not afford bread, and those good-hearted Joneses sent that six dollars—deprived themselves of it—and sent it to those poor Smiths to buy bread with. And those Smiths took it and bought tickets with it to see Madame Bernhardt. Oh yes, some people have tastes and intelligence also. Now, I was going to make a speech—I supposed I was, but I am not. It is late, late; and so I am going to tell a story; and there is this advantage about a story, anyway, that whatever moral or valuable thing you put into a speech, why, it gets diffused among those involuted sentences and possibly your audience goes away without finding out what that valuable thing was that you were trying to confer upon it; but, dear me, you put the same jewel into a story and it becomes the keystone of that story, and you are bound to get it—it flashes, it flames, it is the jewel in the toad’s head—you don’t overlook that. Now, if I am going to talk on such a subject as, for instance, the lost opportunity—oh, the lost opportunity. Anybody in this house who has reached the turn of life—sixty, or seventy, or even fifty, or along there—when he goes back along his history, there he finds it mile-stoned all the way with the lost opportunity, and you know how pathetic that is. You younger ones cannot know the full pathos that lies in those words—the lost opportunity; but anybody who is old, who has really lived and felt this life, he knows the pathos of the lost opportunity. Now, I will tell you a story whose moral is that, whose lesson is that, whose lament is that. I was in a village which is a suburb of New Bedford several years ago—well, New Bedford is a suburb of Fair Haven, or perhaps it is the other way; in any case, it took both of those towns to make a great centre of the great whaling industry of the first half of the nineteenth century, and I was up there at Fair Haven some years ago with a friend of mine. There was a dedication of a great town-hall, a public building, and we were there in the afternoon. This great building was filled, like this great theatre, with rejoicing villagers, and my friend and I started down the centre aisle. He saw a man standing in that aisle, and he said “Now, look at that bronzed veteran—at that mahogany-faced man. Now, tell me, do you see anything about that man’s face that is emotional? Do you see anything about it that suggests that inside that man anywhere there are fires that can be started? Would you ever imagine that that is a human volcano?” “Why, no,” I said, “I would not. He looks like a wooden Indian in front of a cigar store.” “Very well,” said my friend, “I will show you that there is emotion even in that unpromising place. I will just go to that man and I will just mention in the most casual way an incident in his life. That man is getting along toward ninety years old. He is past eighty. I will mention an incident of fifty or sixty years ago. Now, just watch the effect, and it will be so casual that if you don’t watch you won’t know when I do say that thing—but you just watch the effect.” He went on down there and accosted this antiquity, and made a remark or two. I could not catch up. They were so casual I could not recognize which one it was that touched that bottom, for in an instant that old man was literally in eruption and was filling the whole place with profanity of the most exquisite kind. You never heard such accomplished profanity. I never heard it also delivered with such eloquence. I never enjoyed profanity as I enjoyed it then—more than if I had been uttering it myself. There is nothing like listening to an artist—all his passions passing away in lava, smoke, thunder, lightning, and earthquake. Then this friend said to me: “Now, I will tell you about that. About sixty years ago that man was a young fellow of twenty-three, and had just come home from a three years’ whaling voyage. He came into that village of his, happy and proud because now, instead of being chief mate, he was going to be master of a whaleship, and he was proud and happy about it. “Then he found that there had been a kind of a cold frost come upon that town and the whole region roundabout; for while he had been away the Father Mathew temperance excitement had come upon the whole region. Therefore, everybody had taken the pledge; there wasn’t anybody for miles and miles around that had not taken the pledge. “So you can see what a solitude it was to this young man, who was fond of his grog. And he was just an outcast, because when they found he would not join Father Mathew’s Society they ostracized him, and he went about that town three weeks, day and night, in utter loneliness—the only human being in the whole place who ever took grog, and he had to take it privately. “If you don’t know what it is to be ostracized, to be shunned by your fellow-man, may you never know it. Then he recognized that there was something more valuable in this life than grog, and that is the fellowship of your fellow-man. And at last he gave it up, and at nine o’clock one night he went down to the Father Mathew Temperance Society, and with a broken heart he said: ‘Put my name down for membership in this society.’ “And then he went away crying, and at earliest dawn the next morning they came for him and routed him out, and they said that new ship of his was ready to sail on a three years’ voyage. In a minute he was on board that ship and gone. “And he said—well, he was not out of sight of that town till he began to repent, but he had made up his mind that he would not take a drink, and so that whole voyage of three years was a three years’ agony to that man because he saw all the time the mistake he had made. “He felt it all through; he had constant reminders of it, because the crew would pass him with their grog, come out on the deck and take it, and there was the torturous Smell of it. “He went through the whole, three years of suffering, and at last coming into port it was snowy, it was cold, he was stamping through the snow two feet deep on the deck and longing to get home, and there was his crew torturing him to the last minute with hot grog, but at last he had his reward. He really did get to shore at last, and jumped and ran and bought a jug and rushed to the society’s office, and said to the secretary: “‘Take my name off your membership books, and do it right away! I have got a three years’ thirst on.’ “And the secretary said: ‘It is not necessary. You were blackballed!’” About HackerNoon Book Series: We bring you the most important technical, scientific, and insightful public domain books. This book is part of the public domain. Mark Twain (2004). Mark Twain's Speeches. Urbana, Illinois: Project Gutenberg. Retrieved October 2022 https://www.gutenberg.org/cache/epub/3188/pg3188-images.html This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at , located at . www.gutenberg.org https://www.gutenberg.org/policy/license.html

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