https://twitter.com/rahulphenomenon
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Evaluating Web3 Projects
The web3 movement has captured everyone’s attention. When a space has attention, money soon follows. 2020 and 2021 saw a historic bull-run for many major crypto assets. Both venture and retail capital flowing into this space has exploded. Several major institutions have also started to support crypto assets. This influx of investor money has attracted a lot of builders to this space. Unfortunately, it has also attracted a lot of scammers and people making empty promises. A saying often quoted...
Third web: tools to build the next evolution of the internet
Thirdweb is one of the web3 startups that I am most excited about. Their platform is now in closed beta and everyone I know that has used it has loved it. In this post I cover what thirdweb does, why it is important, and what are some cool things that they can do in the future. It's a bit of a long read so feel free to skip around.Thirdweb's early access NFT. It ran out very quickly.I use some web3 specific terminology. If you are not familiar with what web3 is, I highly recommend l...
Consumer Products in Web3
In this post, we’re going to talk about what consumer products might look like in the world of web3. The last two decades saw the rise of consumer internet platforms. The internet disrupted incumbents across industries and gave birth to products and business models that did not exist before it. Today, many of the companies started during this period have achieved near-monopoly status. Facebook/Meta products dominate how we communicate. Uber gave birth to and dominates the gig economy. AirBnB,...
Evaluating Web3 Projects
The web3 movement has captured everyone’s attention. When a space has attention, money soon follows. 2020 and 2021 saw a historic bull-run for many major crypto assets. Both venture and retail capital flowing into this space has exploded. Several major institutions have also started to support crypto assets. This influx of investor money has attracted a lot of builders to this space. Unfortunately, it has also attracted a lot of scammers and people making empty promises. A saying often quoted...
Third web: tools to build the next evolution of the internet
Thirdweb is one of the web3 startups that I am most excited about. Their platform is now in closed beta and everyone I know that has used it has loved it. In this post I cover what thirdweb does, why it is important, and what are some cool things that they can do in the future. It's a bit of a long read so feel free to skip around.Thirdweb's early access NFT. It ran out very quickly.I use some web3 specific terminology. If you are not familiar with what web3 is, I highly recommend l...
Consumer Products in Web3
In this post, we’re going to talk about what consumer products might look like in the world of web3. The last two decades saw the rise of consumer internet platforms. The internet disrupted incumbents across industries and gave birth to products and business models that did not exist before it. Today, many of the companies started during this period have achieved near-monopoly status. Facebook/Meta products dominate how we communicate. Uber gave birth to and dominates the gig economy. AirBnB,...
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PS. Thirdweb is in early access. Head over to their Discord and say “I am here for the cookies” to get the link to the portal
Go to the dashboard. Connect to your wallet.
2. Choose a testnet. Testnets are ways to test out your smart contracts without incurring any cost. You need eth on the testnet that you chose, you can get some for free here.
3. Create a project by clicking on the button on “Create Project” button in the right sidebar. Enter a name and description. You will be prompted to approve a transaction. Open up your wallet and approve it.
4. Choose the token module. This will let you easily define a token in the ERC20 standard. The ERC20 standard is how tokens on Ethereum are defined
5. Customize the name and symbol of your token. The symbol is what will be visible almost everywhere(such as BTC for Bitcoin). You will have to confirm 2 transactions.
5. Right now your wallet it the token’s admin. This means you can do anything you want with the token contract- you can mint unlimited tokens, transfer them to whomever you want, etc. Typically this control is given to a governance contract. For now you can leave the permissions as it is.
6. Just like that you have created a token! Feel free to mint some of your new tokens and transfer them over to your wallet.
To see the tokens in your wallet you will need to import it. In Metamask you should click on “Import tokens” at the end of your token list. Paste your contract address (the address under the token name in your thirdweb dashboard) and Metamask will automatically pull the other details.
You can even use this contract address to see your token in etherscan (specific to the testnet you used) and DEXs like Uniswap! (Although actually giving liquidity is a bit more complex).
PS. Thirdweb is in early access. Head over to their Discord and say “I am here for the cookies” to get the link to the portal
Go to the dashboard. Connect to your wallet.
2. Choose a testnet. Testnets are ways to test out your smart contracts without incurring any cost. You need eth on the testnet that you chose, you can get some for free here.
3. Create a project by clicking on the button on “Create Project” button in the right sidebar. Enter a name and description. You will be prompted to approve a transaction. Open up your wallet and approve it.
4. Choose the token module. This will let you easily define a token in the ERC20 standard. The ERC20 standard is how tokens on Ethereum are defined
5. Customize the name and symbol of your token. The symbol is what will be visible almost everywhere(such as BTC for Bitcoin). You will have to confirm 2 transactions.
5. Right now your wallet it the token’s admin. This means you can do anything you want with the token contract- you can mint unlimited tokens, transfer them to whomever you want, etc. Typically this control is given to a governance contract. For now you can leave the permissions as it is.
6. Just like that you have created a token! Feel free to mint some of your new tokens and transfer them over to your wallet.
To see the tokens in your wallet you will need to import it. In Metamask you should click on “Import tokens” at the end of your token list. Paste your contract address (the address under the token name in your thirdweb dashboard) and Metamask will automatically pull the other details.
You can even use this contract address to see your token in etherscan (specific to the testnet you used) and DEXs like Uniswap! (Although actually giving liquidity is a bit more complex).
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