Key Take-Aways

Essential points to remember about business model canvas for Web3

  • Be specific about your target audience: Avoid broad definitions and drill down into detailed demographics and psychographics.

  • Focus on solving real problems: Your primary goal should be providing value to users, not creating a speculative token.

  • Consider multiple stakeholders: In Web3, your "customers" may include token holders, community members, and contributors.

  • Plan for revenue from day one: Even with an evolving business model, you need to consider sustainability strategies early.

  • Validate before building: Talk to potential users and understand their needs before developing extensive features.

  • Iterate based on feedback: Use the canvas as a living document that evolves as you learn more about your market.

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