Client: CYBAVO (owned by Circle)
Publication Date: Jun 26, 2023
Blog: Since December 2019
As the digital landscape evolves, Web3 is becoming increasingly complex, with customers requiring more decentralized bells and whistles to need to chime in rhythm to entice online users to migrate from Web2 to a more secure, private, and user-centric Internet experience.
For startups and even established businesses venturing into the Web3 space, choosing the right service provider is crucial. It requires a holistic understanding of the robust needs and challenges that your business will face as it grows and scales in an ever-changing digital environment.
This Web3 guide provides an introductory toolkit of services to look for in a Web3 service provider, using CYBAVO as a case study.
What Are the Core Web3 Services I Need?
Web3 services encompass a range of solutions designed to facilitate the development, deployment, and management of decentralized applications (dApps) and blockchain networks.
The world of Web3 is constantly iterating and breaking new ground, finding new use cases that free us from the confines and middlemen that have bloated Web2 services and driven up their costs while diluting their efficiency over the years.
It’s important to understand the core Web3 needs that any reputable Web3 provider must meet. At a core level, this is the infrastructure that is required:
Let’s take a closer look at what each web3 service entails.
Service 1: Digital Asset Custody
A Web3 project lives and dies by how well it protects its and its customers’ digital assets. While blockchain technology is trustless in nature, with no need for intermediaries, your customers’ faith in you is not and hinges strongly on your credentials and…