Couple of Web 3.0 Startup/Business Ideas I like to discuss

[prp-e]

A few weeks ago, I explained that how I have lost my faith in Web 3.0 but in the time after making that topic, I just reviewed all of my ideas (I have a habit of writing my ideas in a notebook) and I tried to relate some of them to web 3. Most of the ideas I mention may have been existed before, but hey this is one man's ideas!

Before we start

If you like working on any of these ideas and you think you can help as a co-founder, feel free to DM me. I check this website almost everyday and read new topics. So I may spend a few more minutes to read and answer DMs as well!

A little bit of my background

Although I have introduced myself before, I have to say this May I became 30 and I have experience of coding in different languages since the age of 12. At the age of 15, I made my very first app and sold it to a local real estate agency (it was just a sales management system written in Delphi and used Access as database!).

Anyway, in March of 2023, I founded Mann-E which is an AI image generation platform. Since the day I launched Mann-E, there were suggestions for making it a web 3 based company but I never could find a good way to connect my business to web 3.

In this topic, I have ideas for a bunch of new company or startup ideas which can be easily integrated with web 3 (at least in my opinion) and I really need your thoughts on the topics as well.

Now, let's go and review the ideas.

Idea 1: Generative Metaverse

In my AI journey, I have came across some models for turning text prompt or image prompts into 3D files (mostly GLB files). So a place where people can get their hands on a piece of virtual land and design their monuments or houses with AI can be a cool idea.

Idea 2: Generate to Earn system

Okay, this is directly inspired by projects such as tapswap and Hamster Kombat but instead of making you busy with a Telegram mini app, you'll be busy by a website where you are generating images and by doing each generation you'll be rewarded. This idea came to my mind because in the whole path of my business of generative AI, I had struggles finding good data (mostly prompts to feed to different AI systems such as midjourney to generate a synthetic set of data). This way, you are providing the data for future AI systems and get a reward in form of a token.

But there is a problem here, who will invest on this idea? for example in previous idea, people may pay for 3D generation or may pay for the virtual land. How can we provide liquidity for the token proposed by this one? Community? Those "Blockchain Grant" systems? what? I really want to know this.

Idea 3: Bet on Sports Matches

I guess the whole game of bet/gamble in crypto space is much older than what I can think of. However, it was an idea in my mind.

Idea 4: Voting System

It can be a fraud-proof voting system with little to no cost compared to traditional voting systems in organizations of syndications. For examples Association of Digital Businesses in my country had an election and they had to rent a whole hotel for 3 days in order to host all people to vote on candidates from different cities/provinces. If a voting system exists, they just pay a small fee for creating a new vote and the whole voting thing will be done on the chain with zero chance of vote fraud.

Idea 5: A crypto bank where people can turn their crypto assets into real world assets

I see websites similar to this before, but the idea is cool. Imagine you buy iTunes gift cards or any other similar goods with your crypto assets!

Idea 6: OF but on chain

It seems controversial of course. But imagine a lot of people do not want a history of selling and buying that type of content in their credit card history. So why not making something on chain in order to help people have a safer place to buy and sell this type of content? Obviously it is more complex than it seems but this is the idea!

What do you think about these 6 ideas? I tried to sort them from the safest to the craziest. I also am waiting for your input on this as well.

[prp-e]

I posted exact same thing on r/web3 as well. It was a little surprising for me how that Generate to Earn concept became popular and after that, the voting system was something people really liked.
What are your opinions?

[prp-e]

Some people on reddit pointed DePINs, so I also found this (actually one of my colleagues did).

https://golem.network

Seems really promising. I really can be excited to know your opinions about it.

[markm]

Generative metaverse is something I have assumed for maybe entire decades, it is why I never worried about graphics and music for games; I always figured one day AI would be able like Star Trek holodecks to illustrate and sound-track text on the fly, not only able to turn any existing novel into a movie with the viewer's own preferences of which director's styles to use or which artist's or sculptor's style to use for people and places and things and what any monster whose appearance they have preferences about looks like and so on and so on and so on.

Hence my tendency to aim at text mode server leaving any illustrating or sound-effects or mood-music or background-music etc to the user's client based on the user's own preferences...

Play to earn of course also being part of the gestalt...


-MarkM-

[prp-e]

Generative metaverse is something I have assumed for maybe entire decades, it is why I never worried about graphics and music for games; I always figured one day AI would be able like Star Trek holodecks to illustrate and sound-track text on the fly, not only able to turn any existing novel into a movie with the viewer's own preferences of which director's styles to use or which artist's or sculptor's style to use for people and places and things and what any monster whose appearance they have preferences about looks like and so on and so on and so on.

Hence my tendency to aim at text mode server leaving any illustrating or sound-effects or mood-music or background-music etc to the user's client based on the user's own preferences...

Play to earn of course also being part of the gestalt...


-MarkM-

I'm glad that the idea of generative metaverse was a matter of your interest as well. It really can be a very nice workflow to generate 3D assets and use them to build on top of decentraland or any other similar existing metaverse!

[BenCodie]

Idea 1: Generative Metaverse

In my AI journey, I have came across some models for turning text prompt or image prompts into 3D files (mostly GLB files). So a place where people can get their hands on a piece of virtual land and design their monuments or houses with AI can be a cool idea.

This one is interesting. Does anything like this exist already?

Idea 2: Generate to Earn system

Okay, this is directly inspired by projects such as tapswap and Hamster Kombat but instead of making you busy with a Telegram mini app, you'll be busy by a website where you are generating images and by doing each generation you'll be rewarded. This idea came to my mind because in the whole path of my business of generative AI, I had struggles finding good data (mostly prompts to feed to different AI systems such as midjourney to generate a synthetic set of data). This way, you are providing the data for future AI systems and get a reward in form of a token.

But there is a problem here, who will invest on this idea? for example in previous idea, people may pay for 3D generation or may pay for the virtual land. How can we provide liquidity for the token proposed by this one? Community? Those "Blockchain Grant" systems? what? I really want to know this.

This is a good idea, and given your background it seems like one that you could pursue. Why not bootstrap over making it a token? You can make it a token though you might be discouraged if people do not pay any attention to it before an MVP, or without marketing (which commonly damages tokenomics of even the best of projects when trying to get marketing teams on board).

Idea 3: Bet on Sports Matches

I guess the whole game of bet/gamble in crypto space is much older than what I can think of. However, it was an idea in my mind.

Decentralizing gambling is long overdue. A lot of crypto gambling platforms are still centralized and causes massive issues on this forum (because it's harder to create a decentralized bitcoin game with a user experience as good as a centralized platform). This is a good idea, if the focus is decentralization.

Idea 4: Voting System

It can be a fraud-proof voting system with little to no cost compared to traditional voting systems in organizations of syndications. For examples Association of Digital Businesses in my country had an election and they had to rent a whole hotel for 3 days in order to host all people to vote on candidates from different cities/provinces. If a voting system exists, they just pay a small fee for creating a new vote and the whole voting thing will be done on the chain with zero chance of vote fraud.

DAOs already do this. More recent and evolved ones have eliminated a lot of the attack vectors as well. DAOs are progressing how entities are governed.

Idea 5: A crypto bank where people can turn their crypto assets into real world assets

I see websites similar to this before, but the idea is cool. Imagine you buy iTunes gift cards or any other similar goods with your crypto assets!

These kinds of websites exist, like BitRefill. With RWA (Real-world asset) Tokenization as well, other assets will be available to trade with Bitcoin and crypto in the near future too.

Idea 6: OF but on chain

It seems controversial of course. But imagine a lot of people do not want a history of selling and buying that type of content in their credit card history. So why not making something on chain in order to help people have a safer place to buy and sell this type of content? Obviously it is more complex than it seems but this is the idea!

Not a bad idea to have transactions on-chain...though probably not good to put the images/content of the people making life mistakes (my opinion) by using that platform to begin with.

[prp-e]

This one is interesting. Does anything like this exist already?

3D generation AI exists in both open source and closed source worlds and ironically, my team worked on one (soon to be open sourced) as well. The point is, it is only a generative tool and nothing more. It can be a much better tool if people can use those assets in some sort of game or virtual world.

This is a good idea, and given your background it seems like one that you could pursue. Why not bootstrap over making it a token? You can make it a token though you might be discouraged if people do not pay any attention to it before an MVP, or without marketing (which commonly damages tokenomics of even the best of projects when trying to get marketing teams on board).

This is what I spent the most time on. People visiting Mann-E and our paid models, are begging for free credits. Generating using a free model (to give us the data enough for the knowledge distillation on top of GPT Image or Midjourney) can result in being rewarded. And this is the exact same thing those tap to earn games did. I happened to have a talk with a developer from an Iranian CEX who worked on a similar game and they said they haven't developed/minted the token since they hit a certain threshold on user's activity.

This can be a good plan, and even a new way of verification of the user's activity. We have a platform. The user logs in, generates images and gets rewarded for each image. The reward (aside from in-site credits) can be used to calculate the amount of tokens they win on the air drop. And since this can grab a lot of attention, investors may be interested as well.

This whole process needs another topic where we can discuss Generate to Earn and Proof of Generation as well.

Decentralizing gambling is long overdue. A lot of crypto gambling platforms are still centralized and causes massive issues on this forum (because it's harder to create a decentralized bitcoin game with a user experience as good as a centralized platform). This is a good idea, if the focus is decentralization.

Based on what I've heard about bet platforms from my friends, reddit and messages on this forum, I guess I leave this one behind. Maybe someone else has the audacity to do that.

DAOs already do this. More recent and evolved ones have eliminated a lot of the attack vectors as well. DAOs are progressing how entities are governed.

I am familiar with DAO's, but I couldn't understand how a DAO is formed and how people can join it. I saw a youtube video where the person was explaining it is as easy as creating an NFT and just give special permissions to holders of that particular NFT on Discord or Telegram. And interestingly I found TON Vote while doing research on the topic of decentralized voting systems on TON ecosystem. But still, I don't really have any knowledge on how DAO's work, how to start one or something like that.

These kinds of websites exist, like BitRefill. With RWA (Real-world asset) Tokenization as well, other assets will be available to trade with Bitcoin and crypto in the near future too.

I personally encountered CoinGate and Lasso Finance and both are on ETH ecosystem. They really grabbed my attention, because they made buying Apple gift cards easy for me, they made it easy to charge my fal AI subscription and even get OpenAI premium subscription. Basically this can be a tool of freedom.

Anyway, a new idea sparked in my head, and I have to talk to a friend before just explaining it here  Jokes aside, I'm in the process of making it a well-crafted idea with the help of someone who has the legal knowledge for that kind of business.

Not a bad idea to have transactions on-chain...though probably not good to put the images/content of the people making life mistakes (my opinion) by using that platform to begin with.

Well, the only point a crypto based OF has is that it keeps the bank history of two parties (the creator and the consumer) clean of any controversial transaction history.

[prp-e]

If you guys have any ideas other than these, I'd be happy to hear about it.