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        <title>Jeremy Olken</title>
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            <title><![CDATA[Exploring Web3 Business Models by Creating One]]></title>
            <link>https://paragraph.com/@jeremyolken/exploring-web3-business-models-by-creating-one</link>
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            <pubDate>Tue, 12 Oct 2021 01:50:10 GMT</pubDate>
            <description><![CDATA[🚢 Ship30for30 (3/30) tldr: I’m exploring web3 business models by creating one for golf.xyz, a decentralized application that allows golfers to track their handicap. I recently enrolled in a program called Ship30for30. The goal is to ship 30 essays in 30 days. These are short, ~250 words, and designed to help you think concisely and get into a habit of publishing daily. The program recommends that you use a tool called Typeshare. Typeshare is a simple to use, social blogging tool. It’s nice. ...]]></description>
            <content:encoded><![CDATA[<p>🚢 <strong>Ship30for30</strong> (3/30)</p><p>tldr: I’m exploring web3 business models by creating one for golf.xyz, a decentralized application that allows golfers to track their handicap.</p><p>I recently enrolled in a program called Ship30for30. The goal is to ship 30 essays in 30 days. These are short, ~250 words, and designed to help you think concisely and get into a habit of publishing daily. The program recommends that you use a tool called Typeshare. Typeshare is a simple to use, social blogging tool. It’s nice. But today I wanted to post a picture, and it wouldn’t let me do that. So here I am. Every once in a while, I’ll compile <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://typeshare.co/g/jeremyolken">my shorter thoughts</a> into a longer form piece here.</p><h2 id="h-background" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Background</h2><p>Originally, I wanted to explore technology, culture, and the implications of web3. It hit me that it might be easier to do so through the lens of a specific business. I thought for a minute and realized that there aren’t many mature web3 native consumer businesses. So, instead of analyzing one, let’s build one over the course of 30 days.</p><p>Not all centralized services will be replaced by decentralized ones, but there are certain characteristics that make some of them prime for disruption. Tracking your golf handicap certainly fits the mold and we’ll dive deeper into why in a further piece.</p><p>With that said, we’re going to create golf.xyz, a dApp and DAO tool that allows golfers to track their handicaps. Maybe we’ll even bring it to life.</p><h2 id="h-the-inspiration" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">The Inspiration</h2><p>The idea was inspired by Chris Dixon’s, <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://cdixon.org/2015/01/31/come-for-the-tool-stay-for-the-network">Come for the tool, stay for the network</a>. In it, he lays out a strategy for bootstrapping a network by “attracting users with a single-player tool and then, over time, get them to participate in a network”. The tool provides initial utility, gathering a critical mass of users, and the network helps to shape the product and create long-term value.</p><h2 id="h-where-were-going" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Where we’re going</h2><p>Over the next 27 days, we’re going to build out the business model and dev plans for golf.xyz. In the process, we’re going to explore all aspects of the web3 and golf ecosystems. Based on the functionality of our application, here’s a rough outline.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/6c09daf5251738014744596a8aae3bbc55d1e0022e2aff4a6c4b6836dfa7f10b.jpg" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Within each of those sections, I’ll give a brief overview and discuss what the implications are on golf.xyz. Most of these will happen in shorter form on my <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://typeshare.co/g/jeremyolken">Typeshare blog</a>. Once I feel there’s enough to fill in a comprehensive piece of the puzzle, I’ll come back here.</p><p>In 27 days, I’ll have a fully baked plan and might even launch a crowdfund to get this thing off the ground. I’ll dive into why you would want to be a part of that crowdfund when we talk about NFTs.</p><h2 id="h-speaking-of-nfts" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Speaking of NFTs</h2><p>If you’re a golfer, you know how important having a handicap is. It allows you to play in sanctioned tournaments, establishes your strokes gained in league play, and serves as a way to identify yourself among other players.</p><p>With golf.xyz, you will be able to display your handicap in the comfort of your wallet. And that’s just the start. Holding the Handicap NFT acts as your entrance into the world of golf in web3. This isn’t so crazy when you realize that your current handicap, held by local golf clubs, allows you to play in leagues and tournaments.</p><p>And that’s just the surface-level implications. There’s so much to explore and I’m excited to dive in. See you all in a few days.</p>]]></content:encoded>
            <author>jeremyolken@newsletter.paragraph.com (Jeremy Olken)</author>
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