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19 December 2022

How to Create a WEB3 Platform? Roadmap of WEB3 Development

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The world is rapidly moving towards the next big thing in technology — Web 3.0. It is a new age of the Internet, where users will manage their data, AI will process the queries like humans, and the information will be stored and processed in a distributed network. It is not a futuristic idea, and it is happening right now. There are more and more Web3 projects available. This article will tell you how to launch your Web3 project to take advantage of this trend and get max benefits for your business.

What is the Web 3.0?

Web3 is an upcoming Internet development where programs and websites perceive and process information intelligently like humans. Such innovative technologies as artificial intelligence, neural networks, blockchain, spatial computations, Big Data, VR/AR, etc., will help it become true. The new Internet will look like a video game with brilliant assistants. They will understand and fulfill human desires, just like fiction novels or films.

Mark Zuckerberg intends to create a parallel world in his metaverse. However, the metaverse is more about VR, AR, and spatial interfaces, while Web 3.0 deals with artificial intelligence and decentralization. In other terms, Web 3.0 and metaverse are relatively equal notions.

The evolution of the Internet. The comparison of Web1, Web2, and Web3. Source.

The bond between Web3 and blockchain

Web3 networks will function only by employing decentralized protocols like blockchain, smart contracts, cryptocurrency, the Internet of Things, and DApps. Hence, we expect a significant symbiotic relationship between Web3 and these protocols. Furthermore, smart contracts will make them automatic, compatible, and able to integrate with other industries.

Web3 technologies will guarantee the functioning of mainly all processes, starting with microtransactions and censor-free information storing to total management changes on all entrepreneurship levels. Shortly, Web3 and blockchain pairs will become a new source of power.

Here are the prime Web3 and blockchain combination solutions:

The roadmap of Web3 solution development

Developing a Web3 project like a cryptocurrency wallet, NFT platform, or decentralized application is a complicated process that includes several steps. Here is a detailed description.

Step 1: Opening phase

Developing a Web3 solution, just like any other startup or IT product, starts with an opening phase. You should define the project’s concept at this stage and analyze the market, the target audience, and the competitors. It allows forecasting the perspectives of the niche, understanding the requirements of your target audience, and the advantages/disadvantages of your competitors. According to the data, a business analyst compiles the criteria for your upcoming project's design and functionality that allows the developers to estimate the approximate volume of the work, necessary budget, and technological stack.

To put it another way, the first thing before launching a Web3 solution development is clearly understanding what you want to develop. The clearer the understanding, the easier it will be for the developers to implement your idea. You can define the requirements independently or hire dedicated specialists (business analysts, marketers, programmers, designers, financiers, etc.).

Regularly the process goes the following way, during a briefing, you explain your idea and the business aims you want to achieve. Next:

Step 2: Defining the functions

At this stage, the development team defines what function to add. The list of operations depends on the project. The lists of functions for a cryptocurrency wallet and a decentralized exchange are entirely different. Furthermore, the list of functions also depends on how you will enter the market, and it can be an MVP (Minimum viable product) or a complete product launch that offers all functions to the clients right after the release.

The difference between an MVP and a fully functional product. Source.

Also, it is crucial to consider the users' roles within the product. The typical roles are end-users and administrators. However, there are a few more roles. For example, if you want to develop an NFT marketplace, the positions will be buyers and sellers. If you create a cryptocurrency, regular users, miners/validators, and developers will improve the code and add new functions.

To provide you with an example, let us look at the list of functions for cryptocurrencies.

Here is the functionality of a wallet for the end-user:

Here is the functionality for the administrator:

Step 3: Architecture development

The next step in developing the Web3-platform is the creation of the information architecture for the future project. Usually, this diagram shows the system's main components and their relationship. It is often the future user interface screens and transitions between them.

A diagram is needed to study and optimize user flows and actions to achieve the desired goals, such as buying cryptocurrency. It is believed that the simpler the path, the better the user experience and the more appealing the user interface of the website or application.

Typically, business analysts and UX/UI designers create this architecture. A programmer or other specialist can also join them if they need their advice on some issue. For example, now it is necessary to involve lawyers in creating crypto-projects to help comply with the rules and regulations of regulators and laws on the storage and distribution of user data.

An example of an informational architecture of a Web3 platform. Source.

Step 4: UX/UI design development

Based on the information gathered in the first stages, the list of functions, and information architecture, designers create a user interface design for your Web solution. It should be a clean, simple, and pleasing look, and it should comply with industry standards (there should be a familiar button design and familiar section names) and current design trends. In addition, the design should comply with the recommendations of platform vendors. For example, in the case of an iOS app, it is necessary to comply with the Human Interface Guidelines, while Android — Delivers high-quality apps.

The development of a user interface design itself usually consists of several steps. The first is a simple sketch of the future interface, which displays the screens and what they should be in a very simplified form. Such a sketch is usually called a low-fidelity wireframe. Here's what it might look like:

An example of a low-fidelity wireframe. Source.

Next, these sketches are coordinated with the customer, and if everything is OK, the designers use them to create high-precision wireframes. These are much more accurate sketches of the user interface design as it will be presented to the end-users. Here's what they might look like:

High-fidelity wireframes of a wallet. Source.

If the client also approves these sketches, then animated prototypes of the user interface design are usually created, where all the animations and transitions work, but the application functions themselves do not. Prototypes are needed to test the application design on the target audience and raise funding in the early stages of development. Here's what they look like:

Step 5: Writing the code for the application

Once the functionality has been defined, the information architecture has been built, and the user interface design has been created, the programmers take over and implement all this in the code. Developers need to choose the technology stack that best suits the task at hand to do this. It is usually divided into a stack for the server (back-end) and the interface (front-end).

Technology stack for backend Web3 solution development

Technology stack for frontend Web3 solution development:

Step 6: Testing the product

QA specialists do the testing. They check the code of the created product for errors and compliance with the specifications. In addition, functionality, usability, and performance are also tested. If the Web3 solution contains smart contracts, they also need to be tested internally and with the help of independent auditors such as Certik and Techrate.

Step 7: Deployment, release

When your Web solution is created and tested, it is deployed to your company's local servers or the cloud (AWS, Azure, Google). If it is a mobile app, it is added to the App Store, Google Play, and Amazon App Store listings (this does not contradict site rules).
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