Blockchain-powered mobile apps – Ethereum DApps Development have started a trend
of their own.
The technology that was brought into existence for revolutionizing the finance domain has not just found a place in multiple industries but has also now started giving a plethora of use cases on the mobile landscape.
How Do Decentralized Apps Make Money?
The answer to how to monetize a dApp take entrepreneurs
through many routes, let us look at what those most traveled on roads are:
- Crowdsale and Token Launch
The foremost dApp business and revenue model to consider is
to bootstrap a project through crowd sale and back it with a token.
- Transaction Fees
Another model that is present in almost all the guides on the
monetization of dApps is charging transaction fees. Charging users for availing themselves of your service can be one of the most profitable ways to make money by developing
dapps.
This is how one of the most popular ways to monetize your
Ethereum dApps work –
A purchases something from B on your platform
X% of the amount goes to you – the service provider
100 – X% then goes to B
- Premium
Taking cues from the traditional, non-decentralized gaming
apps, you can add the monetization functionality in your app to answer the
investors’ persistent question on how to make money with dapps.
- Subscription
You can easily add a membership or subscription element in
the contract to ensure that the function has only been called upon by
subscribers or premium members.
The time frame of this subscription can be:
Usage-based – The users would only be allowed to call
function X times
Time-based – Users would be allowed to call in a function
till X time passes
- Advertisements
While still a very new/ less used blockchain business and
monetization model, advertisements do in fact find a place in the answer to how
decentralized app development makes money.
- Donations
If your dApp project is out to solve some world issue or to
function around some social cause, you can put a donate button on your
application or website or can even pass its link around to social entrepreneurs
to donate.
- Create Digital Goods
What CryptoKitties did is that they developed generation 0
kitties and gave them to the platform users to keep as a collectible. By making
the kitties functional and unique and viral trending, they were able to attract
users to put their money in the digital good.
- Referral Marketing
Referral marketing that has proven to be behind e-commerce
app success can also be taken into consideration to make money with Ethereum
based decentralized applications. In fact, there are a number of
Blockchain-powered platforms on the internet today that give you a link to
their website to promote. And depending on the clicks or traffic you are able
to send their way, you get paid by them.
So, here are the eight best-decentralized apps business models and strategies you can look ahead to enjoy maximum outcomes from dApp development.
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