The hype around Web3 and how it can transform the internet is increasing daily. Although the idea is so new, it presents many opportunities, especially for Web3 developers.
The demand for web3 developers is still hot right now and the average salary for a Web3 and Blockchain Developer is about155k. If you are a new blockchain developer and want to get your foot in the door, one of the best places to start is by building a blockchain project.
But knowing which blockchain project to start with can be challenging. Here are some simple blockchain projects for beginners and new web3 developers looking to build their portfolios.
1. Create a dApp
One of the best blockchain projects to create as a new web3 developer is a decentralized application or dApp. Unlike traditional applications, decentralized applications run on a distributed network and are not controlled by a single server.
In addition, creating a decentralized application requires the knowledge of smart contracts. These are self-executing computer protocols on the blockchain network. The programming language designed to allow developers to create these smart contracts is Solidity.
Once you’ve written the smart contract, the next step is to validate your code. This step is very important because once a smart contract has been deployed on the blockchain, you can’t modify it.
After this, you need to create build the front-end which is what the end-users will see when using the decentralized app. Connect the front-end to the smart contract, deploy your dApps and keep maintaining it.
2. Mint an NFT
Another place to put your web3 skills into practice is by minting an NFT. NFTs are non-fungible tokens which means that every asset created as an NFT is unique and cannot be replicated.
Having said that NFTs are unique digital assets on the blockchain that cannot be replicated, the first thing you need is a piece of artwork, song, or any other collectable you want to upload as an NFT.
Next, you need to choose a blockchain platform to mint your NFT. There are many of them but the ERC721 NFT standard on the Ethereum blockchain is the most common one. Write your NFT contract code, deploy the contract, verify on Etherscan and upload it on OpeanSea.
3. Create Your NFT Marketplace
If you’re looking for a more challenging blockchain project as a new web3 developer, you can create your own NFT Marketplace like OpenSea.
Although creating an NFT marketplace will take you a longer time than some other projects, it is a great way to familiarize yourself with the web3 ecosystem. It helps you explore many blockchain concepts and understand how they work.
So to build your own NFT marketplace, the first thing you need to do is choose a specific niche. Once you have chosen your niche, you need to design the project UI/UX design putting the end-users in mind here. Execute the design idea and test the final product to ensure it is running smoothly before you deploy.
4. Create a Decentralized Autonomous Organization (DAO)
Again, one of the best projects to build as a new web3 developer is a decentralized autonomous organization also known as DAO. A DAO is a member-owned decentralized community built on the blockchain using smart contracts to automate decision-making.
Building a DAO project helps you solidify your knowledge of blockchain and smart contracts and in addition, teaches you so many new concepts. Also, working on the voting features of a DAO can become very interesting for you if you’re a frontend developer.
5. Create an ERC20 Token
As a web3 developer, one of the blockchain projects you should build is implementing an ERC 20 token.
The ERC 20 is a technical standard used to implement tokens on the Ethereum blockchain. In other words, it means a set of rules that developers must follow when implementing a token on the Ethereum blockchain.
You can think of an ERC 20 token the same way as any other cryptocurrency such as Bitcoin or Litecoin. However, the major difference is that they are issued on the Ethereum network. And one of the reasons why you should create an ERC 20 token is that it would be the foundational base for many other projects you will build throughout your career.
6. Create an ERC 777 Token
While the ERC 20 is the most popular technical standard used to implement tokens on the Ethereum blockchain, it is not the only standard available. Another token you can create as a new web3 developer is an ERC 777 token.
How is this one different from the ERC 20 token?
ERC 777 is a token standard that improves on the existing ERC 20 standard in many ways. For instance, ERC 777 uses what is known as hooks to remove ambiguity around decimals, minting, and burning while staying backwards compatible with ERC 20 tokens.
As a developer, if you can implement an ERC 20 and ERC 777 standard, you are far ahead of many, and tackling future projects would become way easier for you.
7. Build a Decentralized Exchange
Although the main idea of cryptocurrencies is decentralization, most cryptocurrency transactions still go through centralized exchanges like Binance and Gemini. A decentralized exchange also known as DEX is a peer-to-peer marketplace where cryptocurrencies can be traded directly between buyers and sellers without the need for an intermediary.
Building a decentralized exchange is a great project to add to your portfolio as a web3 developer. Although implementing your own decentralized exchange seems like a complex project, you can always learn from decentralized exchanges like Uniswap or PancakeSwap which are open source.
8. Create a crowdfunding contract
Many cryptocurrencies have relied on crowdfunding in the past to raise money for their projects. Blockchain technology has made this process seamless by offering transparency and security and protecting both creators and donors in the process.
Smart contracts solve major problems associated with crowdfunding in many ways. They ease up the verification, eliminate third parties, and speed up the entire process. So an investor can put their money into a project during the fundraising stage. The smart contract secures the fund and is not released until predetermined conditions are met.
As a new web3 developer, you can write a crowdfunding contract that automates the investment, allocation of funds, and withdrawal.
9. Build a web3 browser on the blockchain
There is hardly anywhere you turn to on the internet today without reading about web3. But the internet as we know it today is still majorly centralized and most browsers are not ready for a decentralized web.
Since web3 is still a concept that has not been fully actualized, it is hard to tell what a web3 browser should look like. However, one can imagine a web3 browser offering web3 experiences such as having integrated cryptocurrency wallets, dApps, and operating on the blockchain.
Some browsers such as Opera are already taking bold steps by introducing browsers focused on the web3 which allows you to access your cryptocurrency directly from the browser without installing any extensions.
If you are still wondering where to start, you can build browsers with inbuild crypto activities and integrated wallets.
10. Create your own web3 wallet
Last but not least, as a new web3 developer, you can build your own web3 wallet. As interest in web3 heats up, more users would want to have a dedicated web3 wallet where they can store their digital assets and funds.
Although there are wallets that support web3 like Metamask, it is an interesting blockchain project you should consider.
CoinBuns.com content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying, or selling of cryptocurrencies and digital assets should be considered a high-risk investment and you are advised to do your own research before making any decisions.
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Aaron Boluwatife is a freelance content writer and SEO copywriter for Fintech, SaaS and Cryptocurrency websites. He helps businesses generate more traffic and sales through his knowledge of SEO and Copywriting,