DApp Development: The Next Gold Rush?
Over the past few months, I have had the pleasure of working on a DApp called thisorthat.io built on the Ethereum network. It has been an absolute blast. I have had so much fun building the smart contracts as well as the React front-end interface.
I truly believe there is a huge future here, and it can be especially lucrative for developers/startup teams. If you look at Dapp Radar, you can see that many of the top DApps have less than 1,000 DAU (daily active users). If you consider how much money is being made, crypto-users end up being much more valuable than users on any other platform.
Take for example, Crypto Kitties. It's basically a mix of Beanie Babies and Tamagatchis. According to DApp Radar, 380 ETH (or $255K USD) has moved through their platform in the past 7 days with only 652 daily active users!!!. This is absolutely insane.
It's not all sunshine and rainbows though. After spending 80+ hours working on a crypto-centric app, I believe I have some insight into some pain points that will need to be solved before these types of apps are to be widely adopted.
In my next post, I will discuss some of the hurdles preventing DApps from going mainstream. There is so much room for improvement and innovation in this space, I feel that all devs should be looking at crypto like we looked at mobile dev in 2008.
To the moon!