Topic: How do people make money with this web3 (Read 321 times)

Yeah, he don't have a knowledge about it and that is why he is seeking for a help from someone else but unfortunately he was like being ignored. Well not anymore because he is already on the right place. I believe that many users on this forum are willing to help a newbie because they are once like that and they are thankful that they found this forum. Airdrops was indeed one of the source to make money in crypto and not all airdrops are from Web3's.

There are still other earning opportunities which are not from Web3's as well. Web3's are like a one-hit wonder. They can be highly profitable if we are lucky but they are also very risky as the chance for us to find a legit project is only slim, so we must be careful with them or much better to just choose a non-Web3 project.

Learning is a process and it's ultimate responsibility for us to understand the system and follow up with the basis. Making money from web3 is consider to be simple following the static appropriate measures, guiding one to enter prominent phase of hitting major profits in the space. The internet is open for everyone and we have equal chances to surf important information from the open source internet. Web3 is vast and we could easily access the phase, but complex hurdles on our path because the space have been designated to record losses and profits, so what side are you on?

Web3 is basically the next phase of the internet, where everything is decentralized and runs on blockchain technology. People are making money in different ways, like by buying and selling NFTs, investing in tokens early, or even participating in things like staking or earning through decentralized finance (DeFi). One quick way some people make money now is by getting involved in projects early and holding onto tokens or NFTs, hoping their value will increase.

This happens very frequently when it comes to assets that have something to do with technology, since at the beginning only the experts understand the terminology, but people begin to use it wrongly and scammers take advantage of it as the term no longer means what it used to mean, and it just becomes a term used to try to make it seem as if the project is involved on the latest trend.

However investing in any asset just for that reason alone is wrong, and if the OP does not adjust their mentality they are bound to invest in a scam, as web3, NFTs, meme coins and AI coins have been the rage for quite some time already and scammers are taking advantage of it.

I think the problem is that when you use a buzzword like web3, then it would not really make sense when it is not. I have seen plenty of projects that were not web3 at all, and yet still used that word to get more investors, it is just way to get attention. Same goes with meme projects as well, pepe this, doge that, whatever animal you can think of with "inu" at the end of it. It's just a way to use buzzwords to get the attention of the people.

I have seen ShibaAI, literally that is the name, just put two buzzwords together, it was labelled "AI version of SHIBA", and people put thousands of dollars into it as investment even before release at launch period. So buzzwords do work if you know how to do marketing, but they are terrible investments.

Web3 refers to a change in how we use the internet. A internet that is decentralized and works over a blockchain, it's token-based and permission-less and have no restriction and blockage by single authority. 
And any project calling them web3 project were a hot cake some months ago but there are no real consensus of what web3 actually is. The crypto starting from bitcoin is already a step towards it and It's an internet euphoria and might not be ever fully implementable.
Almost all of the old and new projects claim themselves working for the implementation of web3. The popular ones that are actually focused on web3 are projects like ICP.

so is this almost like ICO and IEO thing ? that you also need to invest but to choose the best
project depending on how much you also invested? like OP I am also curious about this and lucky that i come
across  this thread, will be reading and following this for further reviews because it looks interesting.
this is the problem most of the time , people are just looking for those who are winning
but what about the losers.

you don't understand about Web3, how can someone teach you how to make money with other ecosystems. you need to self-study, learn every crypto term, explore what will earn in crypto. You certainly know airdrop, you can use airdrop as a source of income for beginners. But many professional airdrop hunters earn thousands to hundreds of dollars. now there is no need to wait for other people's explanations about the meaning of web3 and others. use chatGPT and start asking questions, you will be given complete answers.

Dude, making money online is not an easy task! You can see those people but you can't see the blood and sweat in the background. So you also need to go through this process. No one will guide you here. In web3, you mostly need to invest money to earn more. But outside web3, there are ways to make money without investment as well. But no one is going to tell you about it.

So it's best for you to start using internet effectively to gather knowledge. Don't expect an easy answer. There's no step-by-step guide available on how to make money online or from Web3.

You have written well and you have missed out on the most important factor.

In crypto currency, either CEX, DEX, WEB3 or DEFI. You must not focus on just investing money; you must lay emphasis on investing your money "wisely" because that is the way to ensure profits roll in for you in the short run or long run.

The question ism what type of investor do you want to be?

Web3 is like giving control to the users. This is what we call being decentralized. You can make money from this using several services to other people. Which includes creating unique digital items, playing blockchain games, investing in cryptocurrencies, and participating in decentralized finance or DeFi.

You can join something created by others for making money or you can make a service where people can join and in the process you will be making more profits. All you need to do is learn the skill how to develop such services.

Mostly fomo imo. I've never really seen a web3 be something successful in the long run, most of them die out (at least in the case of NFTs/crypto games) after a couple of months due to the issue of either the project itself or the token due to receiving an influx of users crash down the price after a significant increase.

There are a couple of ways to make money off of it, investing is a coinflip in most cases, the other is creating the project for yourself. Naturally, this involves a lot of personnel and money so if you don't have both then I suggest not even thinking about it.

Do you want to focus on knowing Web3 or how your friends make money? If you just want to focus on knowing Web3, there have been lots of comments in this thread about Web3, apart from that, you might also be able to find out on the internet. If you just want to focus on knowing Web3, there have been lots of comments in this thread about Web3, apart from that, you might also be able to find out on the internet.

Don't blame them either but rather think that they are helping you to urge yourself into searching to find the answers to your question/s. And you must be thankful that nobody offers you some help because that might be a scammer.

Well, understanding how this project works is what you need. Asking for a simple way, that is actually easy to understand but the question is if we can make it right. Do the reading and searches first before investing - a piece of advice.
https://www.coindesk.com/learn/what-are-web3-cryptos/
https://beincrypto.com/learn/top-web3-projects/

Everything requires knowledge although maybe this Web3 technologies requires a little more knowledge than usual, because they are like an advanced implementation here in the crypto scene. Like for example, they require a special wallet or browser than can access the Web3 services.

But, I wouldn't really recommend Youtube if we want to learn about it, because there are many clickbaits there or deceiving videos, which are only created for the gain of that YouTuber. We are already/actually in the right place (here in Bitcointalk) if we want to learn Web3. Not only that, but the forum can also cater other topics about cryptos and Blockchain.

To be specific with web3, I can say what's common right now are Decentralized Finance (DeFi) platforms and NFT.
Most of these platforms are in web3 already. Other parts are investing into products with help of IDO, launchpads, which also already using web3.

It's good you asked this and it sincerely shows your willingness to learn. I would start from what I understand about this whole thing starting from Web1, Web2 and Web3.

The WEB1 is known as the generation of the internet, the first generation where users can only read and get information without the ability to exchange ideas or ask questions. This were mostly used in the old days like the newspapers and magazines.

The WEB2 IS more of being interactive between two sources on the  same internet where information and facts can be discussed through a medium, maybe through our social apps like the Facebook, Twitter, Instagram and so many of them.
So in this Web2 a medium is involved which partly have access to your privacy and can get details of your information without your consent. This is the second generation of the internet.


The WEB3 is built on a blockchain focusing more about cryptocurrencies where it is built on the internet with good privacy and well secured server. In this third generation of the internet, data and resources are not built on the internet through a medium where a person has access to your information, you have full control over everything you have on the internet.
Bitcoin is built on it's blockchain whereas no government is in control of it and cannot put an end to it. This shows the level of security and continuity of Bitcoin with an endless face.

After knowing this, it is the right time to begin investing in Bitcoin as there is no risk of loosing your money.

I assume you want to know about web3 and can get cryptocurrencies or altcoins with your smartphone? I often use metamask, because I often use it for altcoins, or other wallets, web3 for me is a combination of wallet and web in one bond, making it easier for you to access and connect, of course lightening your device, how to make money in terms of prominent through web3 I don't know yet, basically the browser is the same but this is reversed. When you use a browser you can install a wallet extension and the browser is more prominent, but on the contrary, when you use a wallet integrated with web3, you use the wallet as a powerhouse and web3 is integrated, of course what you have on your phone is the wallet app.

You want to collect airdrops or what participation? because I think web3 in a wallet is still under construction and I prefer a regular browser on my computer because storing assets I prefer not to just allow connections, but web3 you can try for traveling or free time if you want a device that is always around you to participate in the project. I also really admire web3 and it is better than wab2 because it is easier.

Web3 is broad, it's not simple to understand, not as the name sounds to the ear. There's nothing like simple way to explain crypto other than doing our findings ans applying for crypto related mentorship programs with sorting out prominent mentors in the space. I know it's challenging and difficult at first but with time, everything tends to become simple and easier for the newbie in question to understand. You're still very fresh and have no idea of how the market operates, we're in the system to become independent and utilized our time into solidable projects other than relaxing for projects that won't reach any promising phase.

Thanks for dropping this link, I hope it'll be helpful to me too, I'm yet to explore the potentials that is in web3, hopefully it interests me and I can also profit from it. I'm hearing that that you'd have to get in early for it to be profitable to you, anyways no need to ask more questions about it here, since I'm going to look it up, hopefully I'll get a headstart from there.