Uploaded on Apr 22, 2022
DApps–Blockchain-powered mobile applications have started a trend of their own. The technology not only revolutionized the finance domain but found a place in multiple industries and now started giving a plethora of use cases on the mobile landscape.
Dapp Development Services
Few ways on how blockchain Dapp development
can you to make money out of it
Decentralized application (Dapps) connects users and developers
directly by excluding the third party who hosts and manages the code
and user data.
Usually, there is no permission required for building a Dapp, and there
is no centralized group of people that can change the platform’s rules.
The backend programming code on Dapp development runs on a
decentralized peer-to-peer network, and the front-end code can be
written in any programming language that makes API calls to its
backend.
The Dapp market has grown to such an extent that entrepreneurs
from across the globe have started crowding the space, looking for
companies to develop Dapp and decided to make money out of it.
There are many things to be examined before entering the
decentralized space. Now let us look at few ways to make money with
your decentralized application in the market.
Ways to make money from Dapp
Charging transaction fees
The primary way to make money from a Dapp is by charging
transaction fees. Charging a transaction fee for every user for availing
of your services is the best profitable way with Dapps.
For instance, if person A purchases something from person B through
your platform. N% of the amount goes to the Dapp service provider,
100-N% goes to person B. The allocation of transaction fees totally
depends upon the service provider.
Subscription fees
To give access to specific features, you can ask your users to
subscribe or to be a premium member of your Dapp.
The subscription activation can be given as a period wisely. For
instance, users are allowed to access a particular feature X times.
Advertisements
This is one usual problem faced by all the users while performing the
trade. Either you can add the advertisements or terminate
advertisements. Anyway, both ways can make a profit. By adding an
ad, you can charge a fee from the advertisement company, and by
avoiding advertising, you can charge a fee from the user who wants to
get rid of it.
Donations
If your project is solving some world issue, you can simply add a
donate button on your application or share the link to entrepreneurs
around the globe to donate.
Referral marketing
Referral marketing can also be taken into consideration to make
money with an ethereum based decentralized application.
As the number of blockchain platforms is available on the internet, you
can promote their business by adding their website link, thereby
depending upon the website click, you get paid by them.
Final thoughts
These are some of the ways that blockchain Dapp development
company make money out of it. Before embracing dapp development
services, analyze the business model and strategies to get the best
outcomes from the Dapp development. If you are interested in
developing your own Dapp, get in touch with a leading Dapp
development company that understands blockchain technology and
decentralization and can help you provide a robust solution.
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