Web3 is the name given to a new iteration of the World Wide Web that entails concepts like decentralization, blockchain, metaverse and the like. While in web2, data and content were controlled by centralized entities, web3 is decentralized and free from the clutches of central authorities. Although the term web3 was coined by Ethereum’s co-founder Gavin Wood in 2014, it gained prominence in 2021 when venture capital firms, renowned technology companies and crypto enthusiasts started talking about it.
Advocates of web3 say that this decentralized version of the web will bring greater privacy, security and scalability to the table. With blockchain technology slowly hitting the mainstream, more businesses are willing to invest in web3 projects. If you also want to tap into blockchain’s potential and look for a company to undertake web3 development work for you, then you are at the right place. This article offers a guide on selecting the best web3 development company for your business needs. Read on-
Expertise
Web3 is a vast space with extensive work in domains like NFTs, metaverse, DeFi and the like. So, it’s important to enquire about the areas of expertise of your shortlisted companies. Many web3 development companies focus on diverse web3 areas, and others only work on specialized areas like gaming. Whether you choose a company with multi-domain expertise or one with a single focus area, it’s important to ensure the company knows its stuff well.
Experience
If you don’t know how to assess a company based on its expertise, it’s important to ensure the company has at least 10 years of relevant experience. An experienced company will most likely have the domain knowledge needed to build robust web3 solutions. They will also understand your project’s nitty-gritty better than a new player in the market. It’s always easier to get your job done by a company with adequate experience in building web3 projects.
Work portfolio
No matter how experienced or expert a web3 development company is, it has probably only worked with startups and smaller companies if it doesn’t have an impressive portfolio to show you where renowned brands feature as clients. Talk to your service provider and find out more about their achievements. A company that has achieved a lot will proactively inform you about its past successes and achievements.
The team
A web3 development company’s website acts as a mirror that reflects its true image. Go through the company’s official website thoroughly before proceeding and sealing a deal with them. Find out about their mission, vision, price plans and people. Although every aspect of a web3 development company is important, the people in it make the biggest difference. Starting from the developers who will work on your project to the management members who will deal with you, everyone’s attitude towards your project will eventually matter. And that is why it’s important to ensure you are working with knowledgeable people you can completely rely on.
End-to-end development
Does your chosen company offer end-to-end web3 development? It’s important to find this out. After all, you wouldn’t want your project to change hands unnecessarily. A company offering end-to-end web3 development services would take care of your project from its inception to releasing the final product.
Endnote
Web3 development is an extremely in-demand area of software development. Understandably, there is a growing number of companies offering web3 development services, which has made selecting an appropriate company for one’s needs extremely difficult. This article offers a quick guide to all those who need guidance in this regard. The tips dished out above are effective, time-tested, and hence, perfect for your business regardless of its size.