How to Create a WEB3 Platform? Roadmap of WEB3 Development

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 bond between Web3 and blockchain

Web3 networks will function only by employing decentralized protocols like blockchain, smart contracts, cryptocurrency, 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:

• Decentralization: storing data in a blockchain. Web3 solutions store data in a blockchain. It grants access from any device. One does not need intermediaries for specific tasks since computers process everything in a decentralized way.
• Autonomy: self-executing smart contracts. Web3 application can establish the action algorithms and self-execute them; thus, it lowers the need for banks, attorneys, government, or other intermediaries.
• Censoring resistance: content cannot be deleted. Everything written in Web 3.0 can’t be deleted or stopped by any party, making it a more reliable environment for users who want to share their data without fear of losing control.
• Secure messaging: messages cannot be hacked. The concept provides secure messaging through blockchain; hence, the users shall not worry that cybercriminals can steal their conversation or essential information.
• Fraud protection: the transaction can’t be falsified. The other benefit of Web3 is that third parties can’t alter the transactions, which makes Web3 solutions more secure.
• It does not require permission: access cannot be limited. Web3 solutions are independent since smart contracts automatically execute the transactions. In other words, you do not need to pay significant money to access the required services.

The roadmap of Web3 solution development

Developing a Web3 project like a cryptocurrency wallet, NFT platform, or a 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:

• The business analyst studies the topicality, the competitors, their pros and cons, and whether there will be a demand for the offer;
• The marketer helps to understand what product the users will like, how to differentiate yourself from the competitors, how to enter the market and make money;
• The designers describe what should the interface look like for the users to like and use it;
• The programmers outline how to develop it in code.

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.

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:

• Registration. The registration process for a cryptocurrency wallet involves creating a crypto address or recovering (linking) an old one. Some wallets, e.g., BlueWallet, require selecting the type of the account: standard, storage, or Lightning. Depending on the type, the DApp will function as a regular wallet, highly-effective storage, or a wallet for lightning transacting in the Bitcoin’s network. In the future, this stage will involve identity verification (regulators from the USA and EU start requiring it).
• Exchange, conversion coefficient. The most straightforward variation of a cryptocurrency wallet allows receiving and sending digital assets. It is something like MetaMask. More advanced wallets allow exchanging tokens or show the exchange rate of all tokens in the portfolio, the price of the coins, for example, in fiat, dollars, euros, or pounds.
• Asset management (payments). This function allows the users to buy and sell cryptocurrency within their wallet application. This function must be as intuitive and straightforward as possible so that even a beginner in cryptocurrency is confident using the application for various purposes. Adding QR codes will make it even easier to use, and a listing of favorite addresses for recurring operations will make the transactions faster.
• Linking a banking account. Allowing the users to connect a credit/debit card, PayPal, Google Pay, Apple Pay account, or any other payment system will enhance the user experience. Often, it will help to buy and sell cryptocurrency faster, without the need to state the payment details.
• Push notifications. It is an optional yet still an essential function if you want to create a comfortable Web3 wallet. The messages will inform the users about payment requests, balance changes, approved transactions, security dangers, system updates, etc. The notification will redirect the users back to the application.
• NFT support. Another optional feature is NFT support. NFTs are now one of the industry's trends, so storing them is in demand. More precisely, it requires supporting the following standards ERC721, ERC1155, BEP-721, BEP-1155, TRC-721, dGoods, Composables.
• Security.  For the users, it is crucial to have 2FA, fingerprint or face authentication, hardware wallet support, TTL, and Seed phrase. Protection is vital for the Web3 platform from DDoS, SSRF, CSRF, HPP, etc.

Here is the functionality for the administrator:

• Instrument panel. This tab helps the administrators trace the system's condition, the number of active users, transaction volume (per second, hour, day), the number of transactions, new messages, current issues, etc.
• User management. The administrators use this tab to trace the users’ status, change, add, delete, freeze, or recover accounts. Furthermore, this tab should have a chat with users.
• Managing the payment system. Here, the administrator can add or delete payment systems. Also, some adjustments can be made concerning the minimum transaction size for purchasing cryptocurrency for fiat currencies.
• Managing the fees. This tab allows the administrators to add, delete, or alter fees for crypto and fiat transactions. Likewise, this tab allows the size and frequency of referral program payments.
• Managing the content. Your administrators require tools to change, add, and delete texts, images, animations, and other content within your platform's user interface.
• Marketing and advertisement. While developing a Web3 wallet, you can add a function to show advertisements via notifications and banners. If there is this function, the administrators will need tools to manage it.
• API documentation. These are the integrations with other services.

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.

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:

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:

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

• Smart contracts: Ethereum Virtual Machine or BSC.
• SQL databases: MySQL, PostgreSQL, MariaDB, MS SQL, Oracle.
• DevOps: GitLab CI, TeamCity, GoCD Jenkins, WS CodeBuild, Terraform.
• NoSQL databases: MongoDB, Cassandra, DynamoDB.
• Search engines: Apache Solr, Elasticsearch.
• Programming languages: Java, PHP, Python.
• Frameworks: Spring, Symphony, Flask.
• Cache: Redis, Memcached.

Technology stack for frontend Web3 solution development:

• Programming languages for web: Angular.JS, React.JS, and Vue.JS.
• Programming languages for App: Java, Kotlin для Android и Swift для iOS.
• Architecture: MVVM for Android and MVC, MVP, MVVM, VIPER for iOS.
• IDE: Android Studio and Xcode for iOS.
• SDK: Android SDK and iOS SDK.

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).

Step 8: product support

The last step involves teaching the staff to work with the product and establishing the support team.

The expanses on developing an NFT wallet

How to Create a WEB3 Platform? Roadmap of WEB3 Development key takeaways:

1. What is the Web 3.0?
2. The bond between Web3 and blockchain
3. The roadmap of Web3 solution development
4. Step 1: opening phase
5. Step 2: defining the functions
6. Step 3: architecture development
7. Step 4: UX/UI design development
8. Step 5: writing the code for the application
9. Step 6: testing the product
10. Step 7: deployment, release
11. Step 8: product support
12. The expanses on developing an NFT wallet