We develop ideas

With a win-win mindset we deliver business and technology transformation from start to finish, leveraging agile methodologies, proven customer collaboration frameworks, engineering excellence tools, hybrid teams.

Our achievements
100+
In-house developers
40k+
Working hours
170+
Projects done
5
Average team size
90%
Of employees got Master's Degree
17%
Annual growth
Clients
bugatti
respect
corum
ultra
monero
ambrosus
ALIGNMENT
bittrex
Ministry of Education and Science of Ukraine
microsoft
fastaction
starter
Surlogs
iqx
irbis
khnue
armani
vegaplast
bugatti
respect
corum
ultra
monero
ambrosus
Projects

Designed and developed from scratch

Ambrosus
Can be accessed after signing NDA

Designed and developed from scratch

Sally
Can be accessed after signing NDA

Designed and developed from scratch

Starter
Can be accessed after signing NDA

Designed and developed from scratch

iQx
Can be accessed after signing NDA

Designed and developed from scratch

Respect
Can be accessed after signing NDA

Designed and developed from scratch

Irbis
Can be accessed after signing NDA
What makes us so unique?

Offshore Software Product Development Company

When you needs top-notch software development services it is of the highest importance to apply to the right contractor. As usual, the choice for USA and European customers consists of two variants that are hiring local developers or the whole software development teams or applying for remote team/specialist’s services. The last options gains popularity right now. Let’s enclose its merits and define why are offshore software developers a good choice.

Offshore and Onshore Software Development: Some Facts and Differences

It seems logical to engage professional and reputable software development company. How can you define it suits goals and tasks you share? Both types of IT development services provider companies (we mean offshore and onshore ones) are represented in the US and it is necessary to know what differs one from another.

Onshore

A development company with an onshore status is officially legislated/licensed by the US government or EU community. It is a land-based agency providing software development services for US and EU customers. Among them you can find various service providers from top-notch to lower-class agencies among these onshore options.

Offshore

When talking about an offshore software development company, its location is not bounded to the US and it can work almost everywhere even thousands miles away from USA. In it, you can get outsource services from remote IT pros. As usual, these outsource service providers require more affordable rates than local ones. The efficiency and speed of their work are not lower than in US-based agencies.

The Merits of Hiring Offshore Developers

The popularity of applying for remote software development services increases, all customers are interested why applying for this kind of service is beneficial? Let’s check out all the benefits of hiring outsourced remote developers.

  • As usual, when applying for remote developers to hire, you can get all kinds of services in the field of software product development. There you can get a turnkey product like a custom mobile app for your business or a full-fledged web application. Besides, they also provide customers with the support and product maintenance so you can get their services even after the release of the product.
  • It is not necessary for you to look for pros in the various fields of software development. All these pros are already available for engagement. It is easy to collect a dedicated outsource team for your project whose efficiency will be higher than when hiring pros from various agencies or applying for freelancers’ services.
  • When comparing prices for an onshore company’s services with the same pack of services provided by an offshore software company, you’ll be surprised as remote pros can be hired for three times lower rates.
Some Tips for Choosing an Offshore (Outsource) Software Company?

No need to say, even among offshore outsource companies you can see both leaders and low-rated agencies where low-qualified or just newcomers among IT specialists are working. How to look for the most competent and creative team for your software development tasks? The answer is hidden in several tips we are glad to share with you.

  1. The country of residence of your future team members matters! Lots of offers come from India or South American countries. Yet IT pros from these countries often are not skilled enough. Besides, do not forget about the language barrier that will make the communication with outsource team a bit complicated. Instead, today the most skilled outsource pros are Ukrainians as there is a high enough IT educational level and almost all developers from Ukraine have no problem with English-speaking customers.
  2. The portfolio of projects is a must for each agency in general and every one of its specialists in particular. When you are going to hire a dedicated developer, you should be sure he has enough experience and skills in the development of a certain product.
  3. Check out customers’ reviews on each company you are interested in. Sometimes, even a brilliant portfolio is not a guarantee of high-quality services. So customers’ experience in cooperation with this or that outsource company may be useful for you.
Work with Unit Space: Remote Outsourcing Company

We can make your choice even easier! Just look at Unit Space, company that provides all types of services you may need. Our dedicated pros can cope with the bravest ideas you may have including the development of complex enterprise products or MVP of your idea.

Dedicated Ukrainian Team of Software Developers

We offer to hire highly skilled Ukrainian IT pros who are gathered in high-efficient teams and we do guarantee to our clients the following features of our services:

  • Paying attention to the tiniest part of the product,
  • Constant contact with the client,
  • The high level of competence of our specialists,
  • Selection of dedicated teams for your needs,
  • Good communication English skills for hassle-free interaction.
Impeccable Quality of The Product

What makes Unit Space so unique? That is the impeccably high quality of every software project we develop. We set only high industry standards and implement them in a full. We are checking the quality and polishing the idea to the ideal when doing each step on the roadmap of your project. Want to be ensured with this? We are happy to share our customers’ testimonials along with our portfolio to make you sure you’ve chosen the top one service provider for your goals.

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Core team
head_of_design

Max Selivanov

Lead Designer

Result oriented UI / UX product designer. Had experience in small studios as well as large-scale projects. Now stopped in Unit Space and shows his experience and attitude to details in each project. The main areas of work: mobile applications, dashboards, e-commerce design and fintech soltuions. Love wireframes and interactive prototypes, building flow and development of architectural solutions.

Vladislav Rudas

Vladislav Rudas

Founder & CEO

Experienced Chief Executive Officer with a demonstrated history of working in the different domains. Strategic-oriented, product mindset, data-based approach and creative vision. I understand that the best way to build our future is to help you build yours.

Alexander Dubinko

Alexander Dubinko

COO

Strategic thinking Change Manager with strong Organization and People Management skills. Wide experience on the edge of IT and Operations. Enjoying exploring daily issues of new technologies and passionate about being kept abreast of new developments.

lead_architecture

Alexander Kolesnykov

CTO

A highly skilled and experienced Solution Architect with an outstanding record of managing the design and delivery of large scale software technologies, complex organizational change and high business process improvements across multiple locations on budget and in time. Main Areas: FinTech & Blockchain, E-commerce, Real Estate and Logistic.

head_of_recruter

Kate Milashyna

Head of Recruitment

Experienced Talent Acquisition professional with 6+ years in recruitment and 3+ years in management, who maintains a positive attitude under pressure and welcomes the challenge and responsibility of producing quick results. Manages all phases of full-cycle recruiting and high-professional team of Recruiters and Talent Sourcers.

head_of_project_managment

Yuliia Sila

Head of Project Management

Expert in operation management and delivering projects on time, with the highest quality standards. Experienced in project and process auditing, project managing, and delivering, aligning business goals with technology solutions to drive process improvements, competitive advantage, and bottom-line gains.

head_of_design

Max Selivanov

Lead Designer

Result oriented UI / UX product designer. Had experience in small studios as well as large-scale projects. Now stopped in Unit Space and shows his experience and attitude to details in each project. The main areas of work: mobile applications, dashboards, e-commerce design and fintech soltuions. Love wireframes and interactive prototypes, building flow and development of architectural solutions.

Vladislav Rudas

Vladislav Rudas

Founder & CEO

Experienced Chief Executive Officer with a demonstrated history of working in the different domains. Strategic-oriented, product mindset, data-based approach and creative vision. I understand that the best way to build our future is to help you build yours.

Our Awards
Latest in Blog
28 Nov

If your retail business has an existing brick-and-mortar store, then you’re in luck. Creating a website to market your brand is much easier when you’ve got an established location. But what if you don’t have a physical store? How can you take your business to the next level with an e-commerce site? The answer: A website for your existing store. A website allows users to learn about your brand without having to meet you in person. An online presence also makes it easier for people who live far away from you to shop at your store and buy something from you again. Below, we’ll explore why making a website for your existing store is the perfect solution for businesses like yours, as well as some tips on how to get started right away.Going online: why you should make a website for an existing physical store?There are plenty of reasons why you would want to build an online presence for your existing store. Here are a few of the most important ones: Existing customers can shop from the comfort of their homes — People who have bought products from your store in the past, but couldn’t make it to the store again, can still purchase your products online. This increases the likelihood of them buying again.Customers who are trying your products for the first time can buy online, too — Customers can try out your products and decide if they like them without ever having to leave their house. This means a greater likelihood of repeat purchases. Expand your customer base to those who don’t live near you — Because your store is online, you can access a much larger customer base — even customers who live far from your store. This makes it easier to grow your business. Sell products through your website that you don’t have in your store — If you have a product line that is not available for in-store purchase, you can still sell it through your website. This is a great way to expand your product line.How a Website Supports an Existing StoreWhen building a website for your existing store, you want to ensure the site supports your in-store sales. This means the website should be designed in a way that’s consistent with your brand’s visual identity. It should also be easy to navigate and simple to use, much like your physical store. Websites that are designed this way make it easier for your current customers to navigate, while also making it easier for new customers to find you online. Another way to support your in-store sales is by offering same-day shipping. If someone purchases something from your online store and has it delivered to their home, this makes it much easier for them to shop with you again. They don’t have to wait weeks for their item to arrive, and they don’t have to worry about shipping costs, either. Same-day shipping is a great way to support your existing store sales, but it can be extremely difficult to pull off. If you want to achieve same-day shipping, you’ll probably need to partner with a third-party shipping organization, like DHL or FedEx.What to consider in web development for eCommerce sites?If you already have a physical store, but you’ve yet to launch an online presence, it’s important to partner with a professional web development firm. These firms specialize in creating online stores and come equipped with all the skills and expertise you need to make a successful website. Partnering with a web development firm will ensure that your online store is designed and built to support your in-store sales. It can help stand out from your competitors. A high-quality website designed by professionals will give your business an edge over other online retailers. Remember, though, that it will also put more pressure on you to deliver a high-quality product. If your website is designed beautifully, but your products fall short of customer expectations, your brand will suffer as a result.So, how much does it cost for web development for an eCommerce solution? We have summed up the approximate price in the table below.StagesTimeCost1UI/UX design280 hours$80002Front-end and back-end development640 hours$250003Testing240 hours$60004Creating technical documentation40 hours$1000Total1 200 hours (5 months)$40000‍If you want to build a successful eCommerce business, the first place to start is with a conversion-friendly website. According to HubSpot, businesses with high-quality websites get double the number of leads as those with low-quality sites. This website has to be an eCommerce site because it's important to be able to sell your products directly through your website. The perfect eCommerce website has three main components: user experience, design, and functionality. Let’s take a look at what makes the perfect eCommerce website and how to create one for your business.1. Safety & Security of a websiteIt's not just their computer that Internet users want to avoid catching a bug while browsing; they also want to avoid catching a bug while shopping online. Since you keep a lot of data about your products and customers on your eCommerce site, safety is a critical requirement. If you lose this information, you might permanently lose critical data or have your business put at risk. Your leads' contact information may be sold or stolen if you don't have SSL encryption on your site. Google, among other search engines, may flag your site as having a poor reputation if it's not well-secured. Google recently began displaying a warning to sites that lack an SSL certificate and an HTTPS connection. It's more than just a warning or a recommendation; visitors won't be able to access sites that lack these two components, and you might miss out on sales if your certificate has expired.2. User ExperienceThe first and most important aspect of creating the perfect eCommerce website is having a great user experience. A good user experience means that your website design, content, and flow will make it easy for your customer to find what they’re looking for. You’ll also want to make the payment process as easy as possible and avoid the annoying “terms and conditions” page on your website at all costs. A great user experience means that your eCommerce site will be easy to navigate, simple to use, and straightforward. This will not only help you avoid losing customers due to frustration, but it will boost your conversion rate as well. User experience is a big part of what makes an eCommerce site conversion-friendly and is the first thing you’ll want to consider when web development for an eCommerce website.3. Search box and faceted filtersEven if a website doesn't sell anything, people will still use the search box. An example of an advanced function is an image search, where users can send in a picture of an item they desire, and your search engine will attempt to find a similar item if not precisely the same one.Users who know what they want can be directed directly to it using a simple search, whereas those who aren't sure may need some inspiration based on browsing categories.4. Registration on a websiteIt's important to include guest checkouts in e-commerce website development and design. Some consumers appreciate it, while others like to register and store their personal information on the site. Guest checkouts are especially popular with consumers who want to buy products or services on the spot and pay for them. People who dislike lengthy registration forms are advised to avoid them. Customers who become regular customers are likely to register and benefit from repeat business benefits.5. Multiple payment optionsConsumers no longer feel comfortable settling for a single eCommerce payment option. Apple Pay, PayPal, and mobile wallets have changed the game. Ecommerce businesses must offer numerous payment alternatives to stay competitive. Nine out of ten consumers are quick to decide on a product because of its convenient and seamless payment options, which is why it's so critical that your eCommerce platform can work with multiple payment gateways.6. CMS integration and website speed optimizationWith a CMS, store and manage all your visual and written content, as well as your marketing materials, in one place. When you publish the website, changes will be automatically reflected. It can also enable you to respond rapidly to customer inquiries. You may use a free CMS such as OpenCart, or Magento. These open-source platforms can be integrated into site code.An eCommerce site development company may optimize your store to load faster, as this is one of Google's ranking criteria. According to Google's research, the bounce rate increases dramatically with every couple of seconds added to page load time.Let’s explore everything that you need to know, including the advantages and disadvantages of Shopify, WooCommerce, Custom CMS, and OpenCart.PlatformProsConsShopifyDoesn’t need any coding skills or design experienceAccess to a wide range of featuresUser-FriendlyAccess to many payment processorsMany available themesYou're limited in terms of design customizationIt can be expensivePayment processing and transaction feesNo access to email hostingNo access to marketing automationWooCommerceAdvanced features for larger online storesCustomer and store administrator accountThere is a ton of both free and paid WooCommerce themes availableThe setup process can be quite a pain for inexperienced usersYou won’t have central supportCustom CMSThe web developer will make all of your wishes come true if they’re doableIncreased securityYou can count on comprehensive documentation and support from the company that developsCustom website development can give you the power to rank your store higher on search enginesThe process of creating a custom CMS will take much longerOpenCartGives the option to create multiple users with different roles and privilegesGives the option of creating backups and restoring previous dataRun multiple shops from a single interfaceDoesn’t offer many templatesHas fewer plugins than other self-hosted platformsLimited features built-in and customer support7. Responsive web designAnother significant part of creating the perfect eCommerce website is having a great design. A great design can make all the difference between a customer choosing your site or one of your competitors. Having a great design on your website can boost your conversion rate by as much as 80% according to some estimates. An essential aspect of a great design is ensuring your website fits your brand’s identity. If your online shop looks completely different from your brand’s identity offline, you’ll lose your customers’ trust. You need to make sure that your online shop has the same visual style as your offline brand and products.8. Mobile functionality and optimizationYes, you need a great design for your eCommerce website, but it also needs to be functional. For example, if your website is too slow, it will be very hard to use and your conversion rate will suffer. If your website is hard to navigate, it might not be easy to find the products your customers are looking for. This can also hurt your conversion rate. You need to make sure that your eCommerce site is easy to use and functional. This will help your customers find what they’re looking for quickly and keep your conversion rate high. Another important aspect of having a functional website is having a good search feature. Without a good search feature, customers might have a hard time finding what they’re looking for. Having a bad search function can hurt your conversion rate.Don’t Forget About Mobile UsersAnother critical thing to consider when creating the perfect web development for an eCommerce website is that it needs to be easy for mobile users. These days, mobile users make up more than 50% of your website’s traffic. That number is only going to rise as more and more people use smartphones. If you want to boost your conversion rate, you need to make sure that your eCommerce site is easy to use on a mobile device. If your website is hard to navigate on a smartphone, your mobile visitors will likely leave your site. This can drastically lower your conversion rate. So, make sure that your eCommerce site is easy to use on a mobile device. You can do this by making sure your website content is simple. You can also make your website responsive, which means it will automatically adjust to fit the screen on any device. This is a great way to make sure that your features for the eCommerce site are easy to use on all devices.9. Social media integrationSocial media is one of the most important ways to connect with customers in today’s competitive eCommerce world. It allows you to build brand awareness, drive sales and engage with your audience for free. There are many types of social media sites, including Facebook, Twitter, TikTok, and Instagram. Each has its advantages and disadvantages.It’s influential to choose the right platform for your business. For example, a clothing store might be better off using Instagram because it’s more visual and allows you to post images that are easy to share online. A furniture shop, on the other hand, should probably stick with Facebook since it’s a more passive way to reach customers and build relationships. The right social media strategy will depend on your product and target audience.ConclusionBuilding a website for your existing store is a great way to stand out in a crowded online marketplace. It will also make it easier for you to access customers who live far away from your store. Once your site is online, it will be easier for you to deliver your products, accept online payments, and generate more sales in other ways, too.

31 Oct

In the fast-paced world of blockchain, keeping up with the latest trends can be challenging. To stay ahead of the game, many companies are starting to develop their blockchain solutions. But developing a new software solution is much more challenging than most people realize. To successfully launch your blockchain project and get your white paper read by potential users and investors, you need to first think strategically about why you’re launching it in the first place. After all, not every project needs its blockchain. Before diving into development details and coding phases, you should have a firm understanding of what issue you’re solving with an independent blockchain. Then, once you’ve settled on these details and outlined your scope — you can get started on developing your white paper!What is white paper?White paper is an in-depth document that explains your product, its features, how it works, and the benefits it can provide to users. This is one of the most effective ways to inform your audience about your blockchain project.A white paper can help you to achieve the following goals:Start a conversation with potential customers. Establish your brand as an expert in the blockchain industry. Help businesses and investors understand the value of your blockchain project. Create a clear outline of your business model and overall strategy. Provide transparency to potential token holders. Increase your traffic and leads through the website.A white paper is an effective tool to help spread awareness about your blockchain project. It allows you to explain your product in detail and create a solid foundation for your venture. A good white paper can help you connect with your audience, attract new customers, and even generate leads.Creating a Solid Foundation for your Blockchain ProjectBefore you create a white paper for your blockchain project, you have to understand its purpose. This document should explain why your product is necessary, what problem it solves, and how it works. You also need to provide a detailed overview of your team and why they’re qualified to deliver such a solution. You need to identify your target audience and explain how your project can benefit them. Several components make up a solid foundation for your blockchain project. They include: Problem and solution – Solution overview – Why blockchain – Team – Marketing strategy – Token distribution – Roadmap Conclusion Problem and solution — Before creating a white paper, try to analyze the issues that your product is solving. In this section, you have to explain why the concern is important to solve and how your product can solve it.Solution overview — Provide an overview of how your solution works. This includes the various stages of the process, how it integrates with other systems, and how it can benefit various stakeholders. Why blockchain — This is one of the most significant sections in your white paper because you have to explain why blockchain is necessary for your product. You may also include information about the benefits of using blockchain technology.Team — A strong team with experience in the industry is essential for any project to succeed. Having a team that is qualified, experienced, and believes in what they’re doing is crucial. You also need to explain why each member is essential to the development of your project. Marketing strategy — It is crucial to have a marketing strategy in place before you start promoting your new product. In this section, explain how you’re going to spread awareness about your blockchain project.Token distribution — Token distribution can play an important role in the success of your blockchain project. In this section, try to explain the various aspects of token distribution, including the type of token, the token supply, the token value, and the token exchange.Roadmap — The roadmap is a future-oriented representation of the project. In this section, try to outline your plans and how you’re going to achieve success.Conclusion — The conclusion provides a final summary of your product, including the advantages and disadvantages. It also explains how readers can benefit from your product.White paper writing tips:Define the goals of your white paper. When you know what you want to achieve with your white paper, it becomes easier to write it. Also, you may use this goal to evaluate the success of your white paper. Use different formats to engage readers. It is possible to write your white paper in an FAQ, an open letter to your customers, an interview with your team, or even an e-book.Create a narrative with a clear beginning, middle, and end. Your white paper should have a clear structure, with an interesting beginning and an engaging storyline.Include relevant information, graphs, and visuals. Your white paper should be easy to read, but it should also contain interesting facts and figures. Visuals will increase the engagement of your readers, so make sure to include them in your white paper.Tip 1: The best structure for white paperThere are many ways to structure your white paper, but one of the most effective is by using an inverted pyramid. An inverted pyramid starts with the summarized conclusion and gets more in-depth as you move down the document. An inverted pyramid also uses subheadings to break up the document into smaller sections for easier reading.Define your objectiveWith so many industries and topics to cover, it’s important to define your objective. The way your white paper is structured is meant to make sure that readers get a specific idea or message from your document. Your objective should be measurable and specific enough so that you can see how much progress you want to make toward reaching your goal. It shouldn’t be too general or specific so that you end up writing a document that’s much less impactful than you intended.What is your audience?This is the bread and butter of your white paper. What is your audience? What problem does your white paper solve? Why do your readers need your product or service? Weigh these questions carefully, because they will determine the type of audience that your white paper should be aimed at solving.Identify the topics you’ll coverFor each section of your white paper, identify the topics that you plan to cover. What are the main points of each section? Is each section of your paper structured to give potential readers a clear understanding of the topic and the implications of your research?Lay out your content in order of importanceAfter you’ve defined and selected your topics, it’s time to lay out your content in order of importance. Start with the easiest topics and work your way down the list. The hardest topics should be last. Whenever you have a choice between writing about two equally important topics, choose the one with the greater importance. This is critical because the more impactful your paper is, the more readers will remember and react to it.Summing upAt the end of your white paper, tie together your main points with a summary. This is the culmination of everything you’ve written in your paper and gives readers a quick overview of both the benefits of your product and the steps you plan to take to bring those benefits to fruition. Focus on one or two key benefits of your product or service, and then deliver concrete details about what your plan is for achieving those benefits. If you want to go even deeper, you can always publish a follow-up white paper.So what is the best way to structure a documentIt’s influential to remember that a white paper is meant to be read by one person at a time. If the structure of your paper is off, readers will likely lose interest very quickly if they have to slog through pages of unhelpful abstractions before they reach the point they were looking for. The best way to structure a white paper is to provide a summary of each of your major points, followed by a list of the actions you plan to take to realize those points. You can also break your paper up into smaller sections to make it easier to read and make use of the multiple levels of subheadings to break up your content into smaller chunks.Tip 2: The ideal length of a white paperLet’s face it: there are so many white paper topics floating around the internet these days that some of them begin to feel like spam. If you want your white paper to stand out as something special and not just another piece of content in your prospect’s inbox, you need to make it stand out from the rest. Why is Length Important?Although you may believe your white paper is incredibly compelling and that it offers a ton of value to your readers, if this is way too long, your prospect may not get through the entire thing. If it’s too long, you run the risk of losing them at the beginning, since they may not have the time or patience to read an entire long white paper. If your prospect is skimming your white paper because it’s too long, they probably aren’t getting the information they need. If they skim the paper, they probably aren’t getting the information they want. If they aren’t getting the information they want, there’s no reason for them to engage with you or your business. Length matters!How Long a White Paper Should Be?There’s no hard and fast rule for how long a white paper should be. As with most things in marketing, it depends on your goals and your target audience’s needs. To determine the ideal length for your paper, you first need to decide what the paper is trying to accomplish. For example, if your paper is intended to drive leads and build your mailing list, you may want it to include a call-to-action to sign up for your email list. If your paper is meant to educate your audience on the benefits of your product, service, or business model and why they should choose your product over others like it, then a white paper would be an excellent choice. If you’re not sure what type of paper you should write, you can always use a SWOT analysis.4 Advices to Help You Decide the Ideal Length for Your White PaperLead with the problem your paper solves — When you lead with the problems your audience faces, you let them know the value of your paper immediately and grab their attentionThink about the length of your product or service — If you’re creating a white paper to explain the benefits of your product, you want it to be long enough that you can thoroughly explain its features and uses. But you don’t want it to be too long, because no one wants to read a 10,000-word product description. Choose an appropriate format for your audience — While all white papers are about the same thing — the merits of your product or service — they are delivered in different formats.Ask yourself, “What do my readers need?” — If your paper is meant to educate your readers on a particular topic, then you want to make sure they get the information they need.3 Key Ingredients to Ensure a Great White Paper ExperienceCustomers must trust your brand and trust that the value of your paper will exceed the time and effort invested in reading it.Prospects must feel like they get value from your paper.Customers must feel compelled to share your papers with others.2 Recommendations for Excellent White PapersResearching the subject thoroughly — You want to make sure your paper is as accurate as possible. If you make erroneous claims or if your paper is full of errors, your readers will lose trust in your brand and your paper.Creating a visually appealing paper — Your paper should be formatted in a way that is easy to read and understand. It should also be visually appealing so to want to read it.Tip 3: Find an expert in the field of your white paperA well-executed white paper should also give you more visibility in the industry, as it creates new opportunities for you to get quoted and interviewed as an expert. However, most people struggle to find experts to interview for their white papers. You may ask: Where do I find these people? How can I get them to agree to be interviewed? Do they need something from me that would make them willing to participate? And if not, how can I initiate contact and pitch my idea for a white paper at the same time? Finding the right people to interview for your white paper is one of the hardest parts of this processNarrow down your topic before reaching out to potential expertsFirst, you have to make sure you are reaching out to the right people. This includes making sure the topic of your white paper is relevant and interesting to the people you reach out to. We’ve all heard the advice that you should follow your passion and find your true calling. While passion is undoubtedly important, keep in mind that to make a living with what you’re passionate about. In other words, you don’t want to spend your days working on something that only brings you joy. You want to spend your time on things that bring in money and provide value for other people as well. To find the right people to interview for your white paper, start by thinking about what problem your white paper will solve. What issue do you want to help people overcome? What question do you want to answer? This will narrow down the topic to something specific.Reach out to people you know firstThis is the first step in any kind of outreach campaign. It’s a great way to find experts to interview for your white paper because it allows you to reach out to people you know personally. This is the best option if you want to be certain that the person you interview is willing to be interviewed. Knowing each other already means that you don’t have to make a sales pitch or convince the person to participate. You can simply reach out to them and ask if they’d be willing to be interviewed for your white paper. If you want to increase your chances of getting a “yes”, make sure that you ask the person for help first. One way of doing this is by asking your friend to recommend someone who’d be a good fit for your white paper.Find the right people using a research toolIf you can’t find the right people to interview for your white paper by reaching out to your existing network, you can use a research tool to expand your search radius to include people who are less likely to know you. There are three main ways to find experts to interview for your white paper — via social media, search engines, and industry conferences. You can find potential experts on social media by searching for relevant hashtags and groups that you can join and start engaging with. You can also use a social media management tool to search for experts in your industry by typing their names into the search bar or choosing a “people” search type. The second way to find experts is by using search engines like Google. Use Google’s search operators to find people who are connected with your industry and would be willing to be interviewed for your white paper. Finally, try to get in touch with people through conferences. Conferences are a great way to get in touch with experts in your industry and learn from them. The search engine allows you to find conferences that are related to your industry.Ask current interviewees if they know others you can interviewIf you’ve reached out to people and pitched your idea for a white paper and are still struggling to find experts to interview for your white paper, there’s one thing you can do — ask your existing interviewees if they know people who would be a good fit for your white paper. This can be a great way to get in touch with potential experts who are also willing to be interviewed. There are two ways of doing this — you can ask your current interviewees upfront if they know anyone who would be a good fit for your white paper. Another option is to wait until you’re done interviewing and then reach out and ask your current interviewees if they know anyone else you should include in your white paper.Try using a services platform like Expert FinderIf you’ve tried everything we’ve discussed so far and are still struggling to find experts to interview for your white paper, there’s one last way you can find them — by using a service platform like Expert Finder. There are several online marketplaces where you can search for experts who specialize in a wide range of topics and are willing to be interviewed for your white paper. There are a few things you should keep in mind before you go ahead and use a services platform to find experts for your white paper. First, make sure you understand how the platform works. Get in touch with previous customers who can tell you how the process works. One thing to keep in mind is that not all platforms are created equally. Some are better than others, so pay attention to using a quality platform that has a good reputation and is easy to use.Use Google search and LinkedIn to find prospects yourselfThere’s one final thing you can do — use Google search and LinkedIn to find prospects yourself. This is the last thing you should try if you’ve tried all the other ways of finding experts and are still struggling to find them. If you use Google search, you can search for topics related to your white paper and then see who has written articles on these topics. You can then reach out to these people and pitch your idea for a white paper. You can also use LinkedIn to find potential experts to interview for your white paper. LinkedIn is a great place to find experts because it allows you to discover people who are interested in your topic and are willing to be interviewed for your white paper. To find potential experts, you have to first create your public profile. Then, use LinkedIn’s search and outreach features to search for people and pitch your idea for a white paper.Tip 4: Make in-depth research for the white paperA successful white paper relies on research techniques such as interviews, focus groups, surveys, document analysis, and user testing.Conduct interviewsInterviews are an excellent way to learn about your audience. With them, you can discuss your white paper topic in-depth and also get feedback on your product. To find people to interview, look for experts in your field and bloggers who have written about similar topics. You can also reach out to people who have commented on your content or are in your niche on social media. Make sure to ask them if they’d be willing to be interviewed. If they say yes, follow these tips to conduct a successful interview. Develop a script — Make sure you’re prepared with a list of questions. You don’t want to be thrown off if the interview takes a different direction. Interview in person — You’ll get better results if you interview in person rather than over the phone or with an online survey. Have guidelines for the interview — Let your interviewee know how long the interview will be, what the goal is, and what you’re hoping to get out of it. Write up a summary — After you’ve interviewed your guest, write up a summary of the interview. This is especially helpful if you’ve interviewed more than one person.Run a surveyAnother way to get feedback on your white paper topic is by conducting a survey. You can put your survey online or create a paper survey. You’ll want to make sure your survey is short and sweet. It should take no more than 5 minutes to complete. You might want to survey more than one group. If you’re surveying your current customers, you may want to survey both current customers and potential customers to get different perspectives.Do document analysisDocument analysis can be a great method for researching your white paper topic if you’re looking for reading material that’s already published. This method involves analyzing documents like studies, reports, industry statistics, economic forecasts, and other data that have already been compiled by experts. You can find your reading material by searching online or checking with your local library. Document analysis is especially helpful if you’re researching a topic that’s hard to find information on.Hold a focus groupA focus group is a great way to find out what your target audience is interested in and what they want to see in your white paper. You can either invite people to a face-to-face meeting or host an online meeting via platforms like Zoom. Once your group has been assembled, ask them questions about your white paper topic, your product, and what they’d like to see in it. You can also do some polling and ask members to rank items on a scale from 1-10 or 1-5.User test your white paper topicYou can also test your white paper topic by creating a prototype and user-testing it. This method is a great way to find out if your topic is interesting and useful. To do it, create a prototype of your white paper and get feedback from users. You can have someone participate in a moderated usability test or have them fill out a survey after reading your white paper prototype. You can also have someone read your white paper online and provide written feedback about what they liked and didn’t like.Wrapping upCreating a white paper is a challenging process. However, it’s a worthwhile effort that can help you build your brand and generate leads. Before you get started, make sure you’re prepared with a good topic and plenty of research to back it up. Create a plan for your research and stick to it, and you’ll have plenty of information to work with when it comes time to write your white paper.Tip 5: Existing templates for white papersIt is invaluable to base your ICO white paper on a template used in previous successful ICOs. Ethereum has been the biggest of the 10 most successful ICOs ever and therefore provides an excellent template.The ICO white paper is well written, so it should be the first ICO white paper template you consider. Remember, though, that these are just examples. Your white paper should stand out, so make it unique.Ethereum White PaperAlthough this paper is still an exceptional example of a white paper, it has become a much-copied format, so investors will not be as impressed as they were the first time around.Note how well this white paper is presented. It includes quick-access links to each of the appropriate sections, as well as all the details I have given above.The introduction is engaging and includes the clever use of dramatic language to lure customers. It defines the project and lists potential consumer groups. While listing various applications, it tantalizingly states, “among many others that we have not yet thought of.”Investors become hungry to invest in a platform after seeing the vision statement because they believe that the project managers understand their market well.Despite a large amount of information in this white paper, it is written quite well. The inclusion of diagrams, lists, and code helps readers to understand Ethereum and why it is such a good solution.The paper ends with links to additional information that helps to fill in any gaps that it did not have time to address.ICONOMI White PaperThe Ethereum white paper contains all the information an investor needs to decide whether to invest in an ICO project. However, some companies may find the volume of information too much to handle without any guarantee of ICO success.ICONOMI proved that it is possible to produce a white paper for an ICO with much less technical information included. Their 2016 ICO raised over $10.5 Million, becoming the 11th most successful ICO ever.It covers all the points listed in this article and entices investors by using dramatic language and examples. Because this project is of a different sort, much of the technical information has been removed (because this paper aims to list objectives and targets that the project expects to achieve).Before showing how a project meets market needs, the white paper establishes those needs. Throughout the paper, the project's unique advantages are reinforced so that investors are certain that this is the one that will succeed by the end.Tip 6: Enrich the visuals of a white paperDo you find that white papers are often overlooked and underutilized? Many businesses create them to help drive lead generation, but they’re not always as effective as they could be. White papers are one of the most common pieces of marketing content available today. However, they’ve also got some stiff competition. If your white paper isn’t cutting through the noise, it might be time to take a critical look at how you’ve crafted it so far. There are many ways to improve your white paper’s effectiveness by adding visual aids and other features that may not have occurred to you before.Define Your Audience and Why They Need Your ProductAt the outset of your white paper, before any of the meatier topics are discussed, you should identify the target audience of your white paper. It better tailors your message to this specific group of people, and you may craft a message that resonates with them. You can add a section where you outline who this audience is and what their pain points are. This will contextualize how your white paper can help them. If you don’t define who your white paper is for upfront, you risk losing your audience before you even get to the good stuff. The same goes for why your product or service exists. You need to clearly outline what problem it solves for your audience as well.The show, Don’t TellThis a common piece of advice given to budding writers, but one that also applies to white papers, shows, and doesn’t tell. This is especially important when you’re outlining the pain points of your target audience. You don’t have to write out a long paragraph explaining the pain points of your target audience. There are several other ways to show these pain points and make them more relatable. One way to show how your product solves a pain point is via data or examples. Provide statistics or examples of how your product has helped other customers in the past. Another way is to show how your product solves a problem practically, visually, or by using metaphors. Another great way to show, not tell, is to use infographics.Add Rich MediaRich media, like data, is another great way to show, not tell. Data is one of the most common types of rich media, but there are many others. You can add images, videos, graphs, and other types of visuals to your white paper. When you add rich media to your white paper, you’re giving your readers a more immersive experience. This helps them to better visualize the points you’re trying to make and remember your white paper more effectively. You can also add links to additional content or resources in your white paper, which will help to further your objectives for the paper and engage your readers.Use InfographicsAnother great way to add rich media to your white paper is by using infographics. An infographic is a visual representation of data or information that is often presented in a chart or graph format. You can use an infographic to break down complex data points or explain how your product works. Infographics are a common tool used in marketing because they’re highly effective. They’re a great way to add visuals to your white paper because they are often more memorable than other types of rich media like graphs or charts.And More!Lastly, you can use storytelling, interactive content, quizzes, polls, or other interactive elements to add more to your white paper. You can use these elements to help keep your readers engaged and help them better remember your white paper. Storytelling, interactive content, and polls are great ways to show how your product or service helps customers. With marketing content like white papers, you want to do everything in your power to make them as effective as possible. Using visuals and other elements in your white paper can help you to achieve this goal. White papers are an excellent way to drive lead generation. However, they’re not always as effective as they could be. These tips will help you improve your white paper and maximize its effectiveness so that you can reach more people and grow your business.Tip 7: Effective distribution of a white paperIn the age of social media, one negative tweet or Facebook post can destroy your company’s reputation almost instantly. This is why it’s so important to think outside the box when it comes to lead generation strategies. How you market your business, brand, and products will have a direct impact on how successful you are as a company.Why Lead With a White Paper?As we’ve already discussed, white papers are a great way to position yourself as an industry leader. Additionally, they have some other benefits:Informative: White papers offer readers a comprehensive overview of the challenges they face and how your product or service can help solve them.Long-form: White papers are long-form content and can run for thousands of words in length. This means readers can learn everything they need to know about your product/service in one place. Written by industry experts: When you write a white paper, you’re not just sharing your product/service, you’re also sharing your expertise and knowledge. This can help readers learn from your mistakes and avoid making costly errors themselves.High-value: Readers are attracted to white papers because they’re high-value pieces of content. When compared to other lead generation strategies, white papers provide a ton of value for very little effort.3 Easy Ways to Distribute Your White PaperThere are many ways to distribute your white paper. Some are more effective than others, though. Here are a few ways you can effectively distribute your white paper and increase your lead generation. Give a free copy away. One of the best ways to distribute your white paper is by giving it away for free. Why not do this by hosting a webinar, publishing a PDF on your website, or distributing it via email? When distributing your white paper for free, make sure it’s accessible to as many people as possible. Include it in your email marketing campaigns. Another excellent way to distribute your white paper is by including it in your email marketing campaigns. This will ensure your white paper reaches the inboxes of potentially thousands of people. Host a webinar and make it the focus. If you want to distribute your white paper and generate leads at the same time, consider hosting a webinar. Use the webinar as a vehicle for distributing your white paper and invite interested parties to download it during the call.Conclusion: what is the main goal of a white paper?A white paper is an important tool for any blockchain project. It can help you engage your audience, establish your brand as an expert in the industry, and create a clear outline of your business model and strategy. It’s essential to create a solid foundation for your project before writing a white paper. With the help of this article, you can understand how to write a white paper for your blockchain project. Now, it’s time to write an engaging and informative white paper for your project.

18 Oct

Blockchain is a game-changing technology that has the potential to disrupt many industries. It can help users trust each other and transact safely, without intermediaries. The ecosystem is still growing and evolving, which means there’s no single best framework for developing a blockchain app at this point in time. However, developers are choosing between two popular front-end frameworks for building blockchain apps: Angular or React. Which one should you use for your project? This blog post will explore some key differences between Angular and React with respect to these two approaches to building user interfaces.What is Angular?Angular is a front-end framework for building web applications in a declarative, two-way data-binding way. It offers a lot of functionality and is a very powerful tool; it’s also very popular and has a strong community and ecosystem. Angular is basically a set of components and a very opinionated way to structure an application. It has a lot of functionality out of the box: routing, modules, and so on. Basically, you can run an application out of the box. However, the downside is that you have to follow the structure that’s given to you. You have to use all the features. And, if you want to add custom functionality, you may need to rewrite some components.What is React?React is a view library that takes a single-page application approach. The view layer of a web application is the focus of React. React is often used with other libraries such as GraphQL and Redux for building single-page applications. The view library is very modular and focused on composability. If you want to write some custom functionality or add some features to your application, you can just write it as a separate piece of code and compose it with the existing components. This makes it easier to write new features because you don’t have to follow a specific structure or rewrite existing code.Angular vs. React Quick ComparisonLet’s take a look at how these two frameworks compare. The following are some key differences between Angular and React.Architecture & Ecosystem: This is one of the most important aspects to consider when choosing between Angular and React. React is a library, while Angular is a full-blown framework. This means that you get everything that comes with a full-blown framework with Angular — tools, documentation, and community support — but you have to add the view layer with React.Learning Curve: Both Angular and React take a bit of time to learn, but React’s single-page application approach makes it easier to master because you don’t have to learn to route. The overall learning curve for React is also typically steeper, but this is because the basic concepts are more difficult to grasp. Once you get the hang of things, however, React is definitely easier to use. It’s also worth noting that Angular is more opinionated while React is more open-ended, which gives you more flexibility.Performance: This depends on the app’s requirements and other factors like the data fetching strategy. Angular has a strong view of the application’s architecture, so it can render only the pieces of the page that are necessary. React, on the other hand, is a flexible library that lets you decide what to render, which means it can be slower at times.QA Testing: Since Angular is a full framework, it has testing tools built in. React has testing tools, but they are not built into the framework. You can expect to spend more time and effort testing apps built with React. Code Quality: Angular is a full-blown, opinionated framework, and React is a flexible view library. This means that you get more structure with Angular, which makes it easier to maintain and scale your application. React, on the other hand, is more flexible, but it’s easier to write bad code with it.Key FeaturesAngularReactBuilt-in support for AJAX, HTTP, and Observable are just a few of Angular’s highlightsReact’s key features include the ability to use third-party librariesIn line with current technologiesTime-SavingTypescript is a time-savingComposability and SimplicityCoding that is more clear and conciseFacebook is fully behind youError-handling support has been improvedImproved user experience and lightning-fast speedAngular CLI allows for seamless updatesMore rapid developmentValidation and formsOne-directional data binding provides code stabilityLocal CSS / shadow DOMComponents in ReactStrengths and weaknesses of Angular vs ReactEvery well-known application is capable of being balanced with the performance and features provided by this framework. Let's look at React vs Angular strengths and weaknesses.There are many advantages to using React.The development pace of React.js applications is relatively fast because developers can use the same development code snippet either on the client side or server side.The React code is modular and easy to maintain, which saves development time and business costs.It's straightforward to master and operate React with a prior fundamental understanding of JavaScript.The purpose of this language is to create performant and high-performing applications. Because of the DOM program and server-side rendering, complex applications will be high-speed and performant.The most significant benefit of React is that it provides reusable components, so developers don't have to write the same code again to achieve the same result.Angular provides several advantages.Angular's enhanced design structure enables developers to manage multiple components in an application. It is easy to identify functionality and purpose.AngularJS' dependency handling is one of its essential advantages. It provides supreme dependency injection.Angular's MVC structure makes for speedy app development, testing, and maintenance. Developers benefit from this speed as well.Angular offers unique code re-usability because once you finish developing a component or piece of code for a specific purpose, you can utilize it anywhere else for another purpose.You can use and write components anytime and anywhere with plug & play components.Angular allows you to manage the state of your app, which in turn allows you to manage the app's properties, permissions, and other state-related issues.There are several similarities between Angular and ReactThere are many similarities and differences between React and Angular, but before we look at those, let's take a moment to consider the commonalities.Designing buildingsComponents within Angular and React's component-based architectures can be endlessly recycled and reused.To be well-likedThere is an extensive community of developers and resources available for assistance with a faster and easier development process for SPAs using React or Angular.Multiple performances are performed at different timesPerformance is also crucial for both React and Angular. Whether the remaining performance is adequate depends on the user's perspective.Setting up a development environment and performing renderingAngular and React are popular front-end frameworks. Both are suitable for web and mobile application development, providing efficient client-side and server-side rendering.It's simple to updateAngular and React are both simple to update. On one hand, Angular uses the CLI, while React takes advantage of external libraries.Which one is faster: Angular or React?The performance of ReactJS is excellentWhile Angular has a virtual DOM, it is much smaller than React. As a result, Angular components take longer to render than React components. React uses a faster frame rate for its render and update methods. Angular uses dirty checking to update the DOM locks. Every time a component element is manipulated, the Chrome Dev Tools show that Angular updates the DOM.How fast AngularJS runsEvery binding is usually monitored in order to record all the modifications. Consequently, the loop continues until all the bound values and monitors are checked. This makes the process quite tedious. Although the explanation is straightforward- the more bindings you have, the more monitors are generated.Angular has improved tremendously with the latest release, Angular 14. Therefore, Angular is still superior to React. However, the disparity between angular and react remains significant.Performance in numbersIn this section, we compare how Angular and React perform different tasks. This shows us how each of these technologies will work.ActionAngularReactLoading10ms7msScripting173ms102msRendering3ms6msPainting2ms4msSystem73ms129msIdol3034ms3042msTotal3295ms3289msAngular and ReactJS Use CasesAlthough both Angular and React are popular front-end frameworks, their use cases are quite different. React is often used for building websites and developing web applications, while Angular is a popular choice for building mobile and progressive web apps (PWAs). Angular is based on the concept of a “SPA” (single page app), which is a specific implementation of a website where the entire site is rendered on a single page without the need to reload the page. Angular is widely used for building SPAs. React, on the other hand, is typically used for building websites where each page is refreshed automatically to display new content when a user clicks on a link. React is not designed for building SPAs, but it can be used to build hybrid apps and PWAs.QA Testing in Angular & ReactQA testing is one of the most important aspects of building quality software. In the context of front-end development, testing means writing code to check if your code is working as intended. Testing can be done in many ways, including both automated and manual testing. Automated testing is done with the help of code, and manual testing is done through visual means (such as clicking on buttons and checking if the desired result is achieved). Automated testing can be done with many programming languages, but it’s often done with JavaScript, which is the language used most commonly in Angular and Reacts. When it comes to testing, Angular and React are very different. React is a test-first framework, which means that the developers write their tests first, then write their code. This approach results in well-tested code that is easier to maintain. In contrast, Angular is more of an exploratory testing approach, where the developers write their tests after they’ve written their code. This means that their tests will be more difficult to maintain.A comparison between Angular and React testsIt's time to test that React app.React runs test suites continuously throughout development as part of its continuous testing process. Test runners such as Ava, Jest, and Mocha are included, which allow tests to be executed as the development process runs. Jest is highly compatible with a range of features including timers, mocked modules, and Jsdm support, which is why this is the case.Furthermore, Mocha adequately fulfills browser-specific demands, thus supporting realistic simulations.Enzyme is a React testing utility that allows you to assert, manipulate, and traverse your components' output. Enzyme's API is simple and concise, allowing you to describe what your component produces. Jest is a testing framework for React that allows you to test your code utilizing JavaScript. It's simple to get started with, but may be extensively customized. You may also integrate Enzyme into your existing test setup by using enzyme-to-jest or enzyme-to-karma.Testing an Angular application.The Angular testing framework is best utilized by writing tests before any code is written. Once tests are written, development becomes far more predictable and easier to maintain. By writing tests first, you can see if your code is functioning as intended and whether it addresses the issue.A comparison of Angular and React performanceSmaller bundle sizes load faster, resulting in higher rankings and conversion rates. The search engine downloads the bundle file immediately upon reaching your website, so it's important to optimize it.When you build an Angular SPA, the development utilities and unused modules are left out. Angular does not include the complete bundle of Angular frameworks in the user app. It performs additional optimizations via compressions and minifications after that, resulting in a large reduction in bundle size. Using a compiler when developing your SPA with Angular speeds up bundle file compilation. Therefore, you can rank your Angular application using the CLI production mode.You don’t get such options to optimize the bundle file with React. You get hints for components, but you must always check the size of your bundle.For Code Quality: Angular or React?Depending on what your main focus is, you need to choose the right tool. If you’re focused on code quality and maintainability, go with React. If you want a more straightforward workflow, go with Angular. It’s important to keep in mind that a lot of this decision depends on personal preference and what your team’s experience is with each technology. There are a few things that you can check to get a better idea of the code quality of each framework. The first thing to check is how extensively the framework is tested. The higher the test coverage, the better the code quality. Another thing to check is the size of the framework itself. The larger the framework, the more complex it usually is. If you have a large team that is distributed across different time zones, you might want to decide on a smaller framework such as React. On the other hand, if you’re building a small app that only has a few people working on it, you might want to choose Angular, which is larger and more complex. Another way to determine code quality is to take a look at the open source repos for each framework and see how well-written they are. This might not be the most scientific way to check, but it can give you a general idea of each framework’s code quality.Compare the maintainability of the codeThe purest deed in the bible of developers is having a standard practice of overall code maintainability. Organizing the complexity of code structures in different program files and managing the naming conventions is a demanding task.Writing clean code is important to React developers, but the process slows down production time. In any event, they can write precisely correct code that operates on small modules. React allows developers to split up their code in such a way that machines can utilize it. Using React enables developers to create reusable components, which, consequently, encourages code reusability. It allows them to create custom ReactJS components with unique names that are simple to render.Angular saves developers from creating mismanaged and disparate code by providing Maintainable JavaScript. Angular saves developers time by providing HTML extensions and component re-usability.Are Angular and React sufficient on their own, or do they require external libraries?React is a JS library that is best for UI development. Due to its versatility, additional libraries might be required to optimize state management, routing, and API interaction, such as Redux, React Router, or Helmet. Additional modules or libraries should be installed for data binding, component-based routing, project generation, form validation, or dependency injection, for example.All the features mentioned above, such as data binding, component-based routing, project generation, form validation, and dependency injection—can be accomplished using Angular's library. However, Angular is a comprehensive software development kit that does not require additional libraries.Maintainability of Code: Angular vs ReactAs we mentioned earlier, one of the big differences between Angular and React is that Angular is an end-to-end solution, while React is only a front-end solution. Angular, therefore, is more of a framework, while React is only a library. This means that if your blockchain app needs to connect to a database, you need to integrate a different framework like GraphQL. This means that you’ll have to do a lot of extra work to get all the different components working together. On the other hand, if you’re using Angular, you’ll get all of these components as part of the Angular framework. This can make Angular a more complicated solution because now everything is in one big code base. When you need to make changes to something, you’ll have to change it in many places. This can make the codebase harder to maintain. This is where React comes in. React is just a library, so you have a separate code base for each component. This makes it easier to update and maintain. This is especially important when your app is in production, and you need to make changes quickly. Another thing to keep in mind when choosing between Angular and React is that you’ll likely end up using a combination of both for your project. Almost no one uses just Angular or just React. A lot of people will use both together to build a single application.Angular and React are used for different purposesLarge-scale applications can be developed using AngularJS, but if you want to create a custom application with specific requirements, you should decide on ReactJS.Angular is widely usedAngular can be a great alternative if you're looking to build e-commerce platforms, real-time data applications, or user-generated content hubs. You can rely on PayPal for the most effective checkout system, Upwork for smooth functionality, Localities for an exceptional UI, Forbes, Nike, and HBO for example, for quality.A list of well-known React applicationsYou can select React if you want to construct Data Visualization Tools or Dashboards, Social Networks, Retail or E-commerce, or Cross-Platform Mobile Applications. The Netflix streaming platform performance and modularization, as well as the unique celebrity appearance version of The New York Times, are just a few examples.Angular and Blockchain: Pros and ConsLet’s start with Angular and its potential benefits when used to build a blockchain application.Angular’s Strengths Large Community — The first advantage of building a blockchain app with Angular is that it has a large community, which can help you find support, new ideas, and solutions to problems faster. Compared to React, you may find that you have more options for finding a team that knows how to use Angular, as well as more open positions for Angular developers.Superior Performance — Next to React, Angular is the most popular choice for large enterprise applications that are used by millions of users each day. It can easily handle complex, multithreaded data flows, which can be challenging to implement with React.Robust UI Libraries — Related to its enterprise-grade capabilities, Angular comes with robust UI libraries. This means that when you build a blockchain app with Angular, you can also take advantage of its pre-built UI components. This can make the design and development process more efficient, especially if you’re building an app with a team of designers and developers.Angular’s WeaknessesComplexity — Angular can help you build a blockchain app quickly and efficiently, but with its simplicity comes a certain level of complexity. It has a steep learning curve, especially if you’re new to the ecosystem, and can be challenging for beginners to get a grasp on.Poor SEO — Angular can help you build a blockchain app that’s rich in features, but it may not be the best option for you if you’re concerned about the app’s SEO. Because it’s so complex, it’s harder to write clean, easy-to-read code, which is significant for SEO ranking. Lack of Platform Standards — Because Angular is so widely used, there are very few standards regarding application architecture. This can lead to inconsistencies across teams and projects, making it harder to collaborate.React and Blockchain: Pros and ConsNext, let’s explore some key advantages of building a blockchain app with React.React’s StrengthsEase of Learning — React is a simple framework that can help you build a blockchain app quickly and efficiently. It’s straightforward enough to be easily digestible by beginners.Flexibility — React is one of the most flexible front-end frameworks you can use to build blockchain apps. It’s designed with the idea that each piece of functionality can be used and reused in many contexts. This means that whenever you need to make a change, it will be much easier to do so than with Angular.Excellent for Learning — Finally, if you’re just starting out with blockchain development, React is a great option for you. It has a very active community of developers, which can help you learn the ropes on your own.React’s WeaknessesPoor Performance — While React can be a great choice for basic blockchain apps, it’s not ideal for complex, enterprise-grade applications. The reason for this is that it can’t handle complex data flows; it’s not meant for that. Poor Documentation — If you’re building a blockchain app with React, you may encounter a few challenges along the way. This is because the documentation is not very detailed, especially for beginners who may get lost easily trying to learn it on their own.Lack of Tools — Another thing to consider when building a blockchain app with React is that it doesn’t have the same level of tools and pre-built UI components that Angular does.Which Framework to choose?Now that we’ve explored some key differences between Angular and React, we can ask — Which one should you use for your project?  This can vary depending on your exact needs and preferences. The following, then, is a list of factors to consider when making your decision:What is your project’s scope? What are the requirements for your app? What level of functionality does it need to have? What is your team’s skill set? What level of experience do your developers and designers have with the two frameworks? What are the project’s requirements? What is your application’s expected lifespan? Are you building a prototype or a product that needs to last for years?ConclusionThis concludes our discussion on Angular vs React. We hope that this has helped you understand the core differences between these two popular frameworks and what they offer. When deciding which framework to use for your next application, you should consider the factors outlined above and evaluate your unique project requirements. And when it comes to building blockchain apps, Angular and React both have their advantages and disadvantages. At the end of the day, it all comes down to your specific requirements and what works best for your project.

30 Sep

When beginning a new software project, there is a need to lay the groundwork for a successful outcome. The scope of project work, quality assurance standards, and other details manage expectations and reduce risks as much as possible beforehand.However, without having a clear idea of what your team needs to build and how it should be built, things can get messy pretty fast. It’s not enough just to have some vague ideas about what you want in the end. Also need to know how we get there from here — and that means having a detailed Software Requirements Specification (SRS) that covers every aspect of the final product.In this blog post, on how to write software requirements, we’ll look at why an SRS is important for any software project, and what makes up an effective SRS document. Whether you’re working on a brand-new project or simply want to make sure your next one goes smoothly from the beginning, this is the article for you!What Goes Into a Software Requirements Specification?An SRS is a collection of information that will guide the development of your product. The SRS can vary in format and length depending on how comprehensive the project is. An SRS document should outline your product's objectives, features, and functionality. It should also include information on how will reach those goals.The following are examples of essential items that go into an SRS.ObjectivesThe first item in any SRS is the objectives. The objectives list the reasons why your team is creating the product. It is important to be clear on these goals. Make sure that everybody on your team understands them. Often, objectives are written as a list of problems or issues, followed by a list of solutions. This is called a Problem/Opportunity/Solution (POS) format. The objectives should also include a clear statement of the project’s goals. Make sure that your team has agreed on the project’s goals.FeaturesThe next section in the SRS documents the project’s features. It will give a summary of what the feature does, who will use it, and why are you including it. These characteristics will also assist in writing better user stories.User StoriesUser stories are short descriptions that focus on a specific user and what they want to achieve. User stories are placed in the SRS as a way of defining the product’s features.The format of a user story is as follows: - As a role> I want some goal> So that some reason.The first two lines are known as the context. The third line is the goal. The fourth line is the reason why the user is trying to achieve the goal. Some people prefer to put the reason after the goal.Product WalkthroughThe product walkthrough is a description of how the product will work. It is often written as a series of steps that a user would go through to complete a particular task. You can also provide a visual representation of the product walkthrough as a series of flowcharts or diagramsResponsibilities of the Development TeamThe team that is responsible for developing the product is likely to change over time. However, the creation of an SRS means that have an agreed-upon standard for the level of information needed to create the product. This section of the SRS document outlines the responsibilities of each team member.Who needs software requirements specificationand whyStakeholdersDocument requirements discussed by the client and contractorInvestorsAssess the prospects of software to make investment decisionsDevelopersEstimate and plan developed according to the client's requirementsDesignersCreate mockups based on requirements and use cases from the SRSQA engineersTest the software against the client's requirements and business needsNontechnical employers Plan activities using the SRS as a full description of the softwareHow SRS Differs From A Brief And RFPBefore starting the development, you may create a development brief or a request for proposal (RFP). These documents may also be created. We want to make sure everything is clear because there are so many documents.What is a development brief — Before we begin developing software, our specialists interview you to obtain more information and use it as a starting point. A development brief is a simple description of your future plans and ideas.What is an RFP — When a client wants a development team to create a certain product, they usually create a request for a proposal (RFP). This is because the request clarifies many issues and specifies necessary details.In the case of an RFP, a brief is not necessary. What is an SRS document — Finally, an SRS document is an official approval for your project development that contains detailed technical and non-technical info about everything related to the project.SummaryThe summary is a one-sentence description of the product. It should provide a high-level overview of the product and its major components. Make sure that provide enough information in the summary to get the attention of other team members. The summary is often the first thing that people read when they open the SRS document. The SRS document is the main resource for developing the project. It is a living document that will change over time as the product is developed. The SRS is important because it keeps all stakeholders informed. It is a roadmap that guides the team through the SRS development process. The SRS is also a way of managing expectations. It helps to avoid misunderstandings since each person knows what is expected of them.Creating the Right Environment for Writing a software requirements specificationIn order to get the most out of SRS, you must establish the appropriate environment. First, make sure to have plenty of time to write your SRS. The document should be one of the first things to do when you start a new software project. The more time has, the better the SRS will be since it’s your chance to really understand your users, goals, and project scope.Here's a step-by-step guide to creating an SRS:Step 1: Define a User StoryStep 2: Estimate Time and Cost of TasksStep 3: Define What Activities You’ll Need to CompleteStep 4: Determine the Product FeaturesStep 1: Define a User StoryA user story is a sentence that describes a feature or functionality. It should give a general idea of how a user will interact with your product. User stories are critical to creating an SRS because they force you to focus on your user's needs. Your users aren’t going to care about how built the product. They just care about how it solves their problems. That’s why user stories are a good way to identify what needs to be included in an SRS.For example, if you’re building an app that lets users manage their finances, you might have a user story like this: Users can view their budget. This is a very basic user story. It doesn’t go into much detail about what that means. It’s okay for now. You can add more details when you’re creating your SRS.Including the User Experience in a Software Requirements SpecificationAs you write your user stories, include information about the user experience. Let’s use the budget example from above: Users can view their budget. The user experience can be added to your user stories. It can include information about the user interface elements that show the budget. It is possible to include information about how a user transitions from one screen to another.For example, if you’re managing your budget and decide that want to change the amount of money you’re spending on groceries, might have a transition like this: View the budget > Select the grocery category > Select the grocery amount > Confirm > Budget updated > Return to the budgetDescribing the UX in a Software Requirements SpecificationAdding details to your user stories can give more information about the experience. Let’s use the same example from above: Users can view their budget. There is also possible to add details about how a user experiences that functionality. This helps the team understand how the product will work. For example, if you want your product to allow users to view their budget, could describe how that works in the SRS.You are able to describe:how a user moves from the home screen to a screen that shows their budgethow the user would interact with the budget screenhow the budget screen would look and feelDescribing the UX in a Software Requirements SpecificationWhen creating an SRS, you’re defining a product. You’re defining the functionality and user experience of your product. That’s why it’s important to define your user stories. User stories concentrate your attention on your user's needs. It’s critical to include details about the user experience and user interface elements in your user stories. That way can better describe what you need to include in your SRS.Step 2: Estimate Time and Cost of TasksAn SRS is also a great place to break down the tasks expect to accomplish. It is possible to estimate how long each task will take. May wish to include a table or spreadsheet with estimated times and costs. This will help organize and track tasks. If you’re managing tasks on project management software, can include that information in the SRS as well.Define the scope of your software projectIt is crucial to have a grasp on the scope of the project as early as possible. Establishing a baseline for time and cost will be helped by this. In some cases, may need to create more detailed project plans to manage expectations around cost and timelines. When working with clients, may want to include a “scope of work” or “statement of work” to help clarify the details of the project.Create a feature listWhen creating a feature list, try to think about the “above-the-line” items. That are the items that are necessary to create the product. Be sure to leave room for “below-the-line” items. These items are not necessary to create the product, but may still be necessary for reasons like marketing. “Below-the-line” items may include designing logos, creating content, etc. Consider the following when creating a feature list:What are the features that are necessary to create the product? What are the “above-the-line” features?Which features are “below-the-line” items?Determine development team size and skill set requirementsThere are many factors that go into determining the size of your development team. Keep in mind that a larger team may mean more communication and collaboration, which can help avoid unnecessary rework. For example, if assign three people to create a single feature, the team members may need to communicate about the design and functionality of that feature. This may introduce additional time and costs due to rework or communication missteps.When determining the team size, consider the following:How many developers will be needed to create the product? What skill set do those developers need to have?What about other team members such as designers, project managers, and product owners?Define usability and user experience requirementsWhen defining usability and user experience requirements, think about the end user. How will the product be used? Is it intuitive to use? Is it easy to navigate? What are the “best practices” when it comes to design and functionality? Should consult with online resources for best practices in design and usability. May also want to reach out to designers in your network. They may be able to offer insight into design and functionality.Define software security and scalability requirementsSecurity features help protect the product, data, and users. This includes data encryption, data security, and authentication. What are the security requirements for the product? How will the data be secured? Will authentication be required? Scalability refers to how the product will perform and grow in terms of how many users are on the system and how much data it’s handling. What are the scalability requirements for the product? How many users are expected to use the product? What about data? Define requirements for quality assurance tasksQuality assurance, or QA is the process of testing the product to ensure it works as intended. There are different types of QA tasks, including functional, security, performance, and usability testing. When defining requirements for quality assurance tasks, consider the following:What types of testing are necessary for the product? What is the breakdown of testing tasks?Is there anything that should be done prior to testing?Estimate the cost of developing new featuresIf you’ve already determined the features and functions of the product, worth estimating the cost of developing those features. Estimate the cost of development tasks based on the type of work, team size, and hours worked. For example, developing a new feature may include tasks like research and design, coding, testing, and deployment. Research and design tasks may take 2-3 weeks. Coding might take another 2-3 weeks, depending on the type of product. Testing the product may take 1-2 weeks. And, the team may need another week to deploy the new feature. In total, the team may need 5-8 weeks to ship the feature. This may give an indication of the “effort” of the development. If the feature takes longer than expected, look at why it’s taking longer. This is an opportunity to identify roadblocks and mitigate risks.Step 3: Define What Activities You’ll Need to CompleteAn SRS is a lot like a recipe. Want to break down each task and create a list of ingredients that go into the final product. Can include the following information in your SRS to help break down what needs to complete.User Experience: How your users will interact with your product.Design: How your product will look.Development: What languages you’re using to build the product?Testing: How you will test the final product.Infrastructure: What type of hardware or software does your product need?User StoriesA user story is a written description of something a user needs to accomplish with your product. User stories describe a specific action a user takes with your product. They do not feature lists, which are the things your product will do. User stories are helpful because they focus on user needs, not what your product needs to do. User stories are written from the perspective of the user, not the product owner. User stories are short. They’re just a couple of sentences long, and they are written in the language of the user, not the product owner. They’re written from the perspective of the user, and they focus on a specific action a user needs to complete, like “As a subscriber, I want to be able to mark posts as read”.EstimaUse CasesQuaIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case is a series of steps that describes how the product works in a real-life situation. A use case is essentially a story about how a user sees your product in a real-life situation. It’s written in a format called an “As-If” template. It begins with the words “As if” and continues with a description of the real-life situation. Then it describes what the user wants to achieve, followed by what the product should do in response. This is essentially describing a story about how the product works in a real-life situation. In one example, a user logs into their account and marks a post as read. This is the action that the user takes. The user wants to mark a post as read because they’ve already read it. The product responds by marking the post as read. This is the action that the product takes in response to the user’s action.Software RequirementsQuaIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case is a series of steps that describes how the product works in a real-life situation. A use case is essentially a story aWhile use cases describe how a product works, software requirements describe what the product actually looks like. Software requirements are essentially the details that go into those use cases. It’s the ingredients that go into the recipe. For example, if a use case is “As a subscriber, I want to be able to mark posts as read,” a software requirement might be “Subscribers can mark posts as read by clicking on a button below each post.”Confirmed Software RequirementsList confirmed software requirements in your SRS. This is the software requirements list that you’ve researched and confirmed with your team. Might be using a new language or framework for the first time, in which case your SRS will include a list of confirmed software requirements to make sure everyone is on the same page.Risk AnalysisIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case Risk analysis helps identify anything that might go wrong with your product. Risk analysis includes details about each risk and ways to mitigate those risks. For example, might have a risk that a new language or framework doesn’t have as many tutorials for beginners as your current language. Can mitigate this risk by researching what needs to know about the new language upfront. May also risk that the product will be too complicated to build. Likewise, may mitigate this risk by simplifying your product as much as possible. By identifying possible risks and how to mitigate them, you’ll know how to prepare for anything that might go wrong. Use your risk analysis to identify things that could go wrong. This will help plan accordingly so that you’re prepared no matter what happens.Step 4: Determine the Product FeaturesThis is where really get into the nitty-gritty of what your product must do. Your SRS is a good place to list product features. These are your must-haves. They are what your users expect from your product. It’s good to have these in the SRS so that can refer back to them as build the product. Can avoid getting distracted by new ideas with this.The following can be included in your product features.User needs: Actions users will take with your product.User flow: How users will interact with your product.Use Cases: User tasks that happen while completing the user flowsA use case is a story that shows how a user will complete a task with your product. For example, a use case for an online photo-sharing app might be “A user uploads a photo and shares it with a friend.” This is just one example. Have multiple use cases for each user flow. One thing to keep in mind is that use cases aren’t just about what users will do, but what they will try to do. Might find that users have many ways of accomplishing the same tasks. Your use cases should include all of these different ways of doing things.Measures of Success: How you will know if your product is a successDefine what success looks like for your product. If you don’t know what you’re trying to achieve, won’t be able to see if you’ve achieved it.  Should do this for both your overall vision and for each feature. Examples of measuring the vision might include increasing brand awareness or increasing revenue. For each feature, it would be beneficial to know if the feature is used frequently or if it is user-friendly. You might also be interested in knowing if there are any issues with the feature.Product Risk Factors: The potential risks of building your productList the potential risks associated with building your product. Potential solutions can be listed if discover issues while creating the SRS. This will avoid getting stuck on issues. Are free to proceed when having a solution. Issues that aren’t critical to the SRS can move to the backlog.Your risk factors might include the following:Technical Limitations: Are there certain technologies that you can’t use? This can be due to availability, scalability, or cost.User Limitations: What is your user’s skill level? This can include both technical skills and knowledge about your product.Product Limitations: What features are non-negotiable for your product?Business Limitations: What must your product do or accomplish?Product Constraints: Limitations on building your productList the potential risks associated with building your product. Potential solutions can be listed if discover issues Constraints often limit the features or functionality of your product. This can include things like budget or deadlines. Could also consider constraints from the perspective of why something is limited. For example, might experience a financial constraint because of your budget. Might face a time constraint because of your product’s deadline. Your constraints should also include any limitations set by your stakeholders. This can include things like the product’s overall theme or design. May also have a business constraint if your company can’t afford certain items. Your SRS may not be what expect it to be. And that’s OK.  The goal is to get your product mapped out. Can refer back to your SRS as creating your product. By outlining your product's features, will be able to create a more effective plan for how to create your product. Can create a better timeline, a better budget, and a better product. This will avoid headaches and mistakes when creating a new product.Product Risk Factors: The potential risks of building your productIt is possible to know how long your product will take by creating a timeline. Break up your timeline into phases. Each phase is a different part of the process. For example, you might have the following phases:Research and Discovery: You can use this phase to create an SRS, find your product metrics, and create a product roadmap.Product Design and Development: This phase is where you create your mockups and design the user experience of your product.Product Testing and Launch: This phase is when you test your product with users and launch your product.Post-Launch: This is when you analyze your product metrics and make any necessary changes.Create a product roadmap: What will happen when and in what order?A product roadmap is a visual representation of what needs to be done and when. It will help with the timeline created in the previous section. The roadmap can be a visual image or document. Could enter this information into a spreadsheet or a project management tool like Asana.A product roadmap can include details such as the following:Product features: What features will your product have?Business drivers: What must your product do?Product owner: Who is responsible for each product feature?Order of tasks: What must happen first, second, third, etc.?Create a mockup: Design the user experience of your product.A mockup is a visual representation of what your product will look like. It’s a good idea to create a mockup for your product’s user experience. This can include the user interface, user journey, and functionality. Your mockup should include any data that the user will see. This can include things like menus, graphs, and charts. This will save time and money later. It will also help avoid mistakes that would be difficult to correct later.Create a product timeline: What does each phase look like?A product timeline is a visual representation of how long each phase will take. Your timeline should add each phase of your product’s creation. It should also consider the amount of time needed for each phase. This can regard things like research, design, and testing. This can also include the time it takes to communicate with your team members.Create a product budget: How much will the project cost?A product budget is a visual representation of how much your product will cost. Create a budget for each phase of your product. May also want to include things like the cost of hiring team members, equipment, or contractors. Furthermore, can find the cost of almost anything online, including software.A product budget can include details such as the following:Name of the product: What is the name of your product?Total project cost: How much does your project cost?Budget for each phase: What does each phase cost?Create a product risk analysis: What are the potential risks?A product risk analysis is a document that lists the potential risks of creating your product. Break them down by phase. Also, list ways to mitigate these risks or reduce their impact. This is similar to what we discussed in the product risk factors section of this tutorial.ConclusionsThe SRS process can be long and arduous. It’s important to set aside time and create a space where you can really explore your project. Your Software Requirements Specification is one of the most indispensable documents it can create. It’s the foundation of your product. If you don’t build your SRS correctly, the risk of building a product that has too many bugs is too expensive and doesn’t serve your users. This is why it should take the time to create great functional requirements. Your users and project will be better understood by it. It will also help identify any issues or challenges in your project, so it can solve them before they become problems.

14 Sep

A new generation of digital assets also comes with new ways of marketplaces. The native token will be traded on NFT marketplaces to unlock its potential and value. These are not just other intermediates between the individuals and final users, but projects in their own rights that can become critical partners for other platforms.A successful marketplace is an ecosystem with a huge number of users who want to use it. For example, think about how the eBay platform has been able to keep growing because users trust it and find it useful, so they keep coming back again and again. On the other hand, many failed marketplaces were unable to attract enough users from the very beginning due to missing value propositions. If you want your project to succeed, you need a solid plan for your marketplace from the very first stages of the development process.What is an NFT Marketplace?NFT marketplace is a centralized platform that allows users to trade digital assets. They are a new generation of marketplaces for digital assets, such as collectibles and virtual goods. Besides, unlike the majority of existing marketplaces, they have no intermediates between users. To understand the difference, think about the typical Amazon marketplace that links buyers and sellers and takes a certain percentage from each sale. In the case of NFT marketplaces, the Blockchain system validates ownership of the digital assets and transfers money, while the marketplaces themselves just organize the process. The most important issue that any marketplace has to solve is how to get people to come to it and start trading. NFT marketplaces solve this problem by creating a strong brand identity, offering a great user experience, and integrating with other platforms.It’s important to note that the term “NFT marketplace” doesn’t refer to a single kind of platform. Instead, it is a new type of digital marketplace that works differently from traditional e-commerce platforms. The key difference is that NFT marketplaces don’t use a centralized system where users buy and sell directly from one another. Instead, these marketplaces create a standardized system for tracking and managing items listed for sale. These items are referred to as non-fungible tokens or NFTs. The selection of tokens available for purchase can vary from day to day, as marketplaces receive new ones from a variety of sources.When you are ready to make a trade, you can search for the token you want to buy or sell. You can do that in two ways:— If you know the name of the token, you can search for it.— If you don’t know the name of the token, you can click on the “identify” button. When you do this, the marketplace will scan the token and tell you what it is. Once you find the token you want, you can make an offer. If the seller accepts your offer, you can complete the transaction. You can also place a token up for sale. When you do this, you can set the price and choose what type of payment you will accept. You’ll also have the option to create a custom description of the token. Anyone who wants to buy or sell virtual goods or collectibles will be able to use NFT marketplaces. People who are interested in selling their rare virtual goods or digital collectibles will enjoy the ease of use and low transaction fees that these platforms provide. Marketplaces that specialize in specific types of items (such as CryptoKitties) may attract a specific type of seller. However, there are other NFT marketplaces that offer a wide range of tokens for sale.Why Do You Need an NFT Marketplace?If you are a developer of a digital asset platform, why should you even think about whether to build a marketplace? It is a good question to ask before you launch the development process. The concept of NFT marketplaces is still new, and you might not know who your first partners will be. It is better to have a fallback plan and build the functionality of the platform, so you can easily switch to a marketplace later. Nowadays, many digital asset platforms that have just launched their services are looking for partners. If you have a marketplace, you can easily add new tokens to your platform and attract new users. Besides, you can create a win-win situation for your platform and a new marketplace at the same time.How to build an NFT marketplace from scratch with Solidity and EthereumThe first thing to do is to define what kind of NFT marketplace you want to create. Think of the functionalities that users and sellers need and the type of items you want to list. Next, decide what you want to call the marketplace: Auction House, Auction Site, or Trading Post. This will determine the smart contract code and the website layout. Once you have the description of your marketplace and the code written, you need to add a new DAPP with a marketplace inside it. This DAPP will be your central hub for all the items listed on your marketplace.Why do you need a decentralized NFT marketplace?All the benefits that centralized marketplaces provide can be found in decentralized counterparts. Still, there are many reasons why you should choose a decentralized solution. The main one is full control of the terms of service and dispute resolution. If one of your partners breaks the rules of your marketplace, you can easily kick them out, while with a decentralized marketplace, you can’t. The only option is to change the rules, either by voting or changing the code of the smart contract, which is not always possible. Another advantage of a decentralized marketplace is security. On centralized marketplaces, all the sensitive data of the marketplace and the users is stored on their servers. This information can be stolen or leaked, which has happened many times in the past. On decentralized marketplaces, the data stays on the blockchain, so it is much harder to hack.The benefits of building an NFT marketplace inside your DAPPThe first thing to do is to define what kind of NFT marketplace you want to create. Think of the functionalities that users and sellers need and the type of items you want to list. Next, decide what you want to call the marketplace: First, you can attract more users to your platform as you will be able to show some of the items for sale on your marketplace not only on your own website but also on other apps and websites that use the same DAPP. Second, you will get listed. There are lots of decentralized applications that don’t have their own marketplace and don’t plan to launch one. Your marketplace will be listed on many of these apps, which will make it more popular. Third, you will be able to test the marketplace functionality before you build an independent marketplace. The fourth and last benefit is that you will be able to save some time and money, as you can build the marketplace functionality inside your DAPP and won’t have to hire blockchain developers to do it.The benefits of providing your own NFT marketplace as a serviceThe main benefit is that you can earn money with it. If the marketplace is a service, you will charge a fee from the seller and/or a commission from the buyer. It will be especially helpful when the NFTs you list on your own marketplace are the ones you’ve created. You will be able to earn by using them to sell on other marketplaces. The secondary benefit is being able to learn how digital asset marketplaces work. You will be able to try different business models and see what works and what doesn’t.What is the cost of NFT development?The Global Non-fungible Token Market size is expected to reach $97.6 billion by 2028, rising at a market growth of 31.6% CAGR during the forecast period. Rapidly growing adoption stems from NFTs solving a major problem with digital assets: fungibility.Creating an NFT market platform with the most advanced features and security measures based on blockchain technology requires a lot of time and money. NFT Development Services start at $50000, and these amounts may vary depending on the customizations you desire.The thing that can have the biggest impact on the cost of NFT Marketplace Development is app complexity. This includes all of the features you want your application to have, in addition to third-party API integration support. Because of this, the cost of NFT App Development is also dependent on the amount you are paying your developers.To help you create an NFT exchange as seamlessly as possible, we have delineated its core features. We organize them into two categories: architectural features and third-party integrations.A market application, a mobile, or web application for buying and selling NFTs, is one of the fundamental architectural components. An InterPlanetary File System is required to store non-fungible data from distributed networks.A wallet is a tool for storing, exchanging and sending digital assets in addition to storing, exchanging, and sending digital assets.Architectural featuresSmart contracts can provide unique identifiers for each non-fungible token.NFT metadata includes the characteristics of every non-fungible asset on your platform.The foundation for your business will be the blockchain, which will keep track of all transactions.Third-party integrationsInfura.io. Use this service to access the Ethereum blockchain.Ethereum. It is the most popular blockchain integration in the world of NFT marketplaces.CoinMarketCap. It is a service for tracking prices in the cryptocurrency market.Recap of an MVP of NFT marketplace costs:StagesCostDiscovery Phase$5000- $12000Development$26000- $100000Q&A Testing$5000 - $10000Launch and Technical Documentation$0 - $2000How to Create a Successful NFT Marketplace?Creating a successful marketplace is not an easy task, and it requires careful planning. First of all, you should clearly understand the value you want to bring to the market and your target audience. You need to understand the needs of the potential customers, their problems, and how you can solve them. When you know who your users are and what they want, you can design a marketplace that meets their needs. Besides, it will make it easier to get them to come back again. When you design the marketplace, you need to figure out what features are essential and which ones can be omitted. The core features of any marketplace are the following:User Accounts — Users need to be able to sign up and log in to the platform, create an account, and have some way to manage their information.Product Catalog — This is what your marketplace is for, after all. Besides, your users need to be able to see and search through the available products.User Experience — User experience is one of the main success factors for a marketplace. It is even more important when all of the products are digital assets because people do not physically hold them in their hands.Payments — A marketplace without payments is not a marketplace at all, besides, they are the most essential feature of your platform.Crypto Trading — It is a great addition to many marketplaces, but it is not an essential functionality.Step 1: Define Your Marketplace’s PurposeA successful marketplace is one that actually solves a real problem for people. The first step is to understand the problem your marketplace aims to solve. Who has this problem? What is their situation? What are their expectations? Decide if you want to create a marketplace for physical or digital products. If you want to sell physical goods, you will have to deal with shipping and logistics, which are not easy tasks. If you want to sell digital goods, you will have to figure out a way to transfer ownership from one person to another, which is even more complicated. In addition, the price of the goods may fluctuate. If you want to sell both physical and digital goods, you will have to deal with two different concerns.Step 2: Understanding Your UsersAfter you understand the concern your marketplace aims to solve, you need to understand your users. Firstly, identify the target audience of your marketplace. What are their demographics? What are their purchasing habits? What are their expectations? What are their problems? You can get the answers to these questions by conducting surveys, running polls, and analyzing the statistics of a given industry. Create personas based on the data that you collect. Personas are fictional representations of your target audience. They will help you better understand your users’ needs and expectations.Step 3: Know the Basics Before You BuildAfter you have identified your target audience, you need to know what is essential for your marketplace to work. Ask yourself the following questions: What type of users do you want? What type of products do you want to sell? What is your pricing strategy? What payment methods do you want to accept? How will you deal with customer support? How will shipping work? If you want to accept cryptocurrencies, what cryptocurrencies do you want to support?Step 4: Build and Test with a Small AudienceWhen you build your marketplace, you will have to make a lot of decisions, but it is important to test with a small audience first. Find beta users and get their feedback. Beta users are people who are willing to try out the product before it gets released. They are similar to beta testers in software development. They will help you identify and fix bugs in your platform before you get a large audience. Besides, they can give you feedback on what they like and dislike about the product. Get feedback from beta users, and adapt your product accordingly. After you have tested the product with a small audience, you can proceed to the next step.Step 5: Get Feedback from UsersThe best way to create a successful marketplace is to get user feedback and use it to improve your product. You can conduct surveys to get feedback from the customers and use their insights to improve your product. Besides, social media is a great tool for getting feedback from users. You can post polls, images, and videos on your page, and you will get useful insights from the customers. Besides, it can also help you increase your brand awareness.Step 6: Grow Your AudienceThe best way to create a successful marketplace is to make sure it gets enough attention. Besides, you need to get people to use it and come back again. Getting new customers is hard, but it is even harder to keep them. It is better to focus on retaining the customers you already have. Besides, it is easier to get new customers if you already have a fanbase. There are different ways you can get more customers. You can create marketing campaigns and run ads on different platforms. You can also try influencer marketing. Besides, you can also invest in SEO and content marketing to get more customers organically.A new type of digital asset marketplace is popping up every now and then, and a lot of them fail. You can avoid making the same mistakes by following the six steps we have described above. If you design the marketplace based on the needs of your users and know the basics before you build, it will be easier to get more people to use it and come back again. Creating a successful marketplace is not an easy task, but it can bring great returns if you do it right.When to Use the NFT Marketplace Strategy?An NFT marketplace can be an excellent strategy for projects that want to integrate their platform with other ecosystems and raise their user base. The most obvious advantage of the NFT marketplace strategy is that it allows you to bring your platform to the market sooner than you would be able to if you were to build a more traditional marketplace from scratch. Another advantage of this strategy is that it allows you to partner with other platforms and expand the range of digital assets that are available on your platform. It also gives you the chance to offer your customers a wider selection of products, which may increase their level of satisfaction with your platform.How Does the NFT Marketplace Strategy Work?The NFT marketplace strategy is similar to the E-commerce strategy. However, in the case of an NFT marketplace, you don’t actually own any inventory. Instead, you simply provide a platform where users can trade digital assets. You may also offer some level of branding, customer service, or payment processing options. In order to make this work, you’ll need to partner with other platforms that have blockchain-based assets. You’ll then integrate the other platform into your own platform and allow users to exchange their tokens for your own tokens. This exchange of tokens is what allows your customer to use those assets within your own platform.The Pros and Cons of the NFT Marketplace StrategyProsConsNFT marketplaces allow you to increase the liquidity of your tokens by bringing tokens from other ecosystems onto your platform. This is easier than starting a platform from scratch.Integration with other blockchain-based platforms can be tricky. If you work with a partner with a reputation for being unprofessional or not delivering on its promises, it can be a problem for your entire platform.Using the NFT marketplace strategy, you can bring in partners that have existing user bases. This expands your customer base.Using the NFT marketplace strategy can have drawbacks such as diluting your token's ecosystem, making your tokens less valuable, or the customers being less likely to use your tokens.Early access to your platform is beneficial as it allows you to build up a user base before the platform goes live.Tips for Using the NFT Marketplace StrategyChoose partners carefully — In order to make the most of the NFT marketplace strategy, you’ll want to choose partners that are similarly focused on user satisfaction and ease of use. The last thing you want to do is bring a partner to your platform that might create confusion or inconvenience for your customers.Offer a wide variety of products — In order to make your NFT marketplace strategy successful, you’ll want to make sure that it offers a very wide selection of products. You don’t want your customers to be disappointed with the selection and decide to go to another platform.Keep the focus on your tokens — Even though you’ll have partners on your platform that use other tokens, you want to make sure that your platform is focused on your tokens. To do this, you may want to limit the time that partners can use their tokens within your platform.The NFT marketplace strategy is an excellent approach for projects that would like to integrate their token with other platforms and offer a wider selection of products to their customers. The main disadvantage of this strategy is that it can dilute your token’s ecosystem by bringing other tokens onto your platform. This means that you need to be extremely careful when choosing partners. With the right approach, an NFT marketplace can be an excellent way to expand your platform and bring it to a wider audience.ConclusionIf you want to succeed, you need to provide real value to your users. Digital assets are a promising direction in the world of online commerce. While the market is still young, it is a good idea to start developing your own marketplace today. When it comes, it will be easier to attract partners and integrate their tokens with your platform. At the same time, once you have partners, it will be easier to get other platforms to integrate with your marketplace.

28 Nov

If your retail business has an existing brick-and-mortar store, then you’re in luck. Creating a website to market your brand is much easier when you’ve got an established location. But what if you don’t have a physical store? How can you take your business to the next level with an e-commerce site? The answer: A website for your existing store. A website allows users to learn about your brand without having to meet you in person. An online presence also makes it easier for people who live far away from you to shop at your store and buy something from you again. Below, we’ll explore why making a website for your existing store is the perfect solution for businesses like yours, as well as some tips on how to get started right away.Going online: why you should make a website for an existing physical store?There are plenty of reasons why you would want to build an online presence for your existing store. Here are a few of the most important ones: Existing customers can shop from the comfort of their homes — People who have bought products from your store in the past, but couldn’t make it to the store again, can still purchase your products online. This increases the likelihood of them buying again.Customers who are trying your products for the first time can buy online, too — Customers can try out your products and decide if they like them without ever having to leave their house. This means a greater likelihood of repeat purchases. Expand your customer base to those who don’t live near you — Because your store is online, you can access a much larger customer base — even customers who live far from your store. This makes it easier to grow your business. Sell products through your website that you don’t have in your store — If you have a product line that is not available for in-store purchase, you can still sell it through your website. This is a great way to expand your product line.How a Website Supports an Existing StoreWhen building a website for your existing store, you want to ensure the site supports your in-store sales. This means the website should be designed in a way that’s consistent with your brand’s visual identity. It should also be easy to navigate and simple to use, much like your physical store. Websites that are designed this way make it easier for your current customers to navigate, while also making it easier for new customers to find you online. Another way to support your in-store sales is by offering same-day shipping. If someone purchases something from your online store and has it delivered to their home, this makes it much easier for them to shop with you again. They don’t have to wait weeks for their item to arrive, and they don’t have to worry about shipping costs, either. Same-day shipping is a great way to support your existing store sales, but it can be extremely difficult to pull off. If you want to achieve same-day shipping, you’ll probably need to partner with a third-party shipping organization, like DHL or FedEx.What to consider in web development for eCommerce sites?If you already have a physical store, but you’ve yet to launch an online presence, it’s important to partner with a professional web development firm. These firms specialize in creating online stores and come equipped with all the skills and expertise you need to make a successful website. Partnering with a web development firm will ensure that your online store is designed and built to support your in-store sales. It can help stand out from your competitors. A high-quality website designed by professionals will give your business an edge over other online retailers. Remember, though, that it will also put more pressure on you to deliver a high-quality product. If your website is designed beautifully, but your products fall short of customer expectations, your brand will suffer as a result.So, how much does it cost for web development for an eCommerce solution? We have summed up the approximate price in the table below.StagesTimeCost1UI/UX design280 hours$80002Front-end and back-end development640 hours$250003Testing240 hours$60004Creating technical documentation40 hours$1000Total1 200 hours (5 months)$40000‍If you want to build a successful eCommerce business, the first place to start is with a conversion-friendly website. According to HubSpot, businesses with high-quality websites get double the number of leads as those with low-quality sites. This website has to be an eCommerce site because it's important to be able to sell your products directly through your website. The perfect eCommerce website has three main components: user experience, design, and functionality. Let’s take a look at what makes the perfect eCommerce website and how to create one for your business.1. Safety & Security of a websiteIt's not just their computer that Internet users want to avoid catching a bug while browsing; they also want to avoid catching a bug while shopping online. Since you keep a lot of data about your products and customers on your eCommerce site, safety is a critical requirement. If you lose this information, you might permanently lose critical data or have your business put at risk. Your leads' contact information may be sold or stolen if you don't have SSL encryption on your site. Google, among other search engines, may flag your site as having a poor reputation if it's not well-secured. Google recently began displaying a warning to sites that lack an SSL certificate and an HTTPS connection. It's more than just a warning or a recommendation; visitors won't be able to access sites that lack these two components, and you might miss out on sales if your certificate has expired.2. User ExperienceThe first and most important aspect of creating the perfect eCommerce website is having a great user experience. A good user experience means that your website design, content, and flow will make it easy for your customer to find what they’re looking for. You’ll also want to make the payment process as easy as possible and avoid the annoying “terms and conditions” page on your website at all costs. A great user experience means that your eCommerce site will be easy to navigate, simple to use, and straightforward. This will not only help you avoid losing customers due to frustration, but it will boost your conversion rate as well. User experience is a big part of what makes an eCommerce site conversion-friendly and is the first thing you’ll want to consider when web development for an eCommerce website.3. Search box and faceted filtersEven if a website doesn't sell anything, people will still use the search box. An example of an advanced function is an image search, where users can send in a picture of an item they desire, and your search engine will attempt to find a similar item if not precisely the same one.Users who know what they want can be directed directly to it using a simple search, whereas those who aren't sure may need some inspiration based on browsing categories.4. Registration on a websiteIt's important to include guest checkouts in e-commerce website development and design. Some consumers appreciate it, while others like to register and store their personal information on the site. Guest checkouts are especially popular with consumers who want to buy products or services on the spot and pay for them. People who dislike lengthy registration forms are advised to avoid them. Customers who become regular customers are likely to register and benefit from repeat business benefits.5. Multiple payment optionsConsumers no longer feel comfortable settling for a single eCommerce payment option. Apple Pay, PayPal, and mobile wallets have changed the game. Ecommerce businesses must offer numerous payment alternatives to stay competitive. Nine out of ten consumers are quick to decide on a product because of its convenient and seamless payment options, which is why it's so critical that your eCommerce platform can work with multiple payment gateways.6. CMS integration and website speed optimizationWith a CMS, store and manage all your visual and written content, as well as your marketing materials, in one place. When you publish the website, changes will be automatically reflected. It can also enable you to respond rapidly to customer inquiries. You may use a free CMS such as OpenCart, or Magento. These open-source platforms can be integrated into site code.An eCommerce site development company may optimize your store to load faster, as this is one of Google's ranking criteria. According to Google's research, the bounce rate increases dramatically with every couple of seconds added to page load time.Let’s explore everything that you need to know, including the advantages and disadvantages of Shopify, WooCommerce, Custom CMS, and OpenCart.PlatformProsConsShopifyDoesn’t need any coding skills or design experienceAccess to a wide range of featuresUser-FriendlyAccess to many payment processorsMany available themesYou're limited in terms of design customizationIt can be expensivePayment processing and transaction feesNo access to email hostingNo access to marketing automationWooCommerceAdvanced features for larger online storesCustomer and store administrator accountThere is a ton of both free and paid WooCommerce themes availableThe setup process can be quite a pain for inexperienced usersYou won’t have central supportCustom CMSThe web developer will make all of your wishes come true if they’re doableIncreased securityYou can count on comprehensive documentation and support from the company that developsCustom website development can give you the power to rank your store higher on search enginesThe process of creating a custom CMS will take much longerOpenCartGives the option to create multiple users with different roles and privilegesGives the option of creating backups and restoring previous dataRun multiple shops from a single interfaceDoesn’t offer many templatesHas fewer plugins than other self-hosted platformsLimited features built-in and customer support7. Responsive web designAnother significant part of creating the perfect eCommerce website is having a great design. A great design can make all the difference between a customer choosing your site or one of your competitors. Having a great design on your website can boost your conversion rate by as much as 80% according to some estimates. An essential aspect of a great design is ensuring your website fits your brand’s identity. If your online shop looks completely different from your brand’s identity offline, you’ll lose your customers’ trust. You need to make sure that your online shop has the same visual style as your offline brand and products.8. Mobile functionality and optimizationYes, you need a great design for your eCommerce website, but it also needs to be functional. For example, if your website is too slow, it will be very hard to use and your conversion rate will suffer. If your website is hard to navigate, it might not be easy to find the products your customers are looking for. This can also hurt your conversion rate. You need to make sure that your eCommerce site is easy to use and functional. This will help your customers find what they’re looking for quickly and keep your conversion rate high. Another important aspect of having a functional website is having a good search feature. Without a good search feature, customers might have a hard time finding what they’re looking for. Having a bad search function can hurt your conversion rate.Don’t Forget About Mobile UsersAnother critical thing to consider when creating the perfect web development for an eCommerce website is that it needs to be easy for mobile users. These days, mobile users make up more than 50% of your website’s traffic. That number is only going to rise as more and more people use smartphones. If you want to boost your conversion rate, you need to make sure that your eCommerce site is easy to use on a mobile device. If your website is hard to navigate on a smartphone, your mobile visitors will likely leave your site. This can drastically lower your conversion rate. So, make sure that your eCommerce site is easy to use on a mobile device. You can do this by making sure your website content is simple. You can also make your website responsive, which means it will automatically adjust to fit the screen on any device. This is a great way to make sure that your features for the eCommerce site are easy to use on all devices.9. Social media integrationSocial media is one of the most important ways to connect with customers in today’s competitive eCommerce world. It allows you to build brand awareness, drive sales and engage with your audience for free. There are many types of social media sites, including Facebook, Twitter, TikTok, and Instagram. Each has its advantages and disadvantages.It’s influential to choose the right platform for your business. For example, a clothing store might be better off using Instagram because it’s more visual and allows you to post images that are easy to share online. A furniture shop, on the other hand, should probably stick with Facebook since it’s a more passive way to reach customers and build relationships. The right social media strategy will depend on your product and target audience.ConclusionBuilding a website for your existing store is a great way to stand out in a crowded online marketplace. It will also make it easier for you to access customers who live far away from your store. Once your site is online, it will be easier for you to deliver your products, accept online payments, and generate more sales in other ways, too.

31 Oct

In the fast-paced world of blockchain, keeping up with the latest trends can be challenging. To stay ahead of the game, many companies are starting to develop their blockchain solutions. But developing a new software solution is much more challenging than most people realize. To successfully launch your blockchain project and get your white paper read by potential users and investors, you need to first think strategically about why you’re launching it in the first place. After all, not every project needs its blockchain. Before diving into development details and coding phases, you should have a firm understanding of what issue you’re solving with an independent blockchain. Then, once you’ve settled on these details and outlined your scope — you can get started on developing your white paper!What is white paper?White paper is an in-depth document that explains your product, its features, how it works, and the benefits it can provide to users. This is one of the most effective ways to inform your audience about your blockchain project.A white paper can help you to achieve the following goals:Start a conversation with potential customers. Establish your brand as an expert in the blockchain industry. Help businesses and investors understand the value of your blockchain project. Create a clear outline of your business model and overall strategy. Provide transparency to potential token holders. Increase your traffic and leads through the website.A white paper is an effective tool to help spread awareness about your blockchain project. It allows you to explain your product in detail and create a solid foundation for your venture. A good white paper can help you connect with your audience, attract new customers, and even generate leads.Creating a Solid Foundation for your Blockchain ProjectBefore you create a white paper for your blockchain project, you have to understand its purpose. This document should explain why your product is necessary, what problem it solves, and how it works. You also need to provide a detailed overview of your team and why they’re qualified to deliver such a solution. You need to identify your target audience and explain how your project can benefit them. Several components make up a solid foundation for your blockchain project. They include: Problem and solution – Solution overview – Why blockchain – Team – Marketing strategy – Token distribution – Roadmap Conclusion Problem and solution — Before creating a white paper, try to analyze the issues that your product is solving. In this section, you have to explain why the concern is important to solve and how your product can solve it.Solution overview — Provide an overview of how your solution works. This includes the various stages of the process, how it integrates with other systems, and how it can benefit various stakeholders. Why blockchain — This is one of the most significant sections in your white paper because you have to explain why blockchain is necessary for your product. You may also include information about the benefits of using blockchain technology.Team — A strong team with experience in the industry is essential for any project to succeed. Having a team that is qualified, experienced, and believes in what they’re doing is crucial. You also need to explain why each member is essential to the development of your project. Marketing strategy — It is crucial to have a marketing strategy in place before you start promoting your new product. In this section, explain how you’re going to spread awareness about your blockchain project.Token distribution — Token distribution can play an important role in the success of your blockchain project. In this section, try to explain the various aspects of token distribution, including the type of token, the token supply, the token value, and the token exchange.Roadmap — The roadmap is a future-oriented representation of the project. In this section, try to outline your plans and how you’re going to achieve success.Conclusion — The conclusion provides a final summary of your product, including the advantages and disadvantages. It also explains how readers can benefit from your product.White paper writing tips:Define the goals of your white paper. When you know what you want to achieve with your white paper, it becomes easier to write it. Also, you may use this goal to evaluate the success of your white paper. Use different formats to engage readers. It is possible to write your white paper in an FAQ, an open letter to your customers, an interview with your team, or even an e-book.Create a narrative with a clear beginning, middle, and end. Your white paper should have a clear structure, with an interesting beginning and an engaging storyline.Include relevant information, graphs, and visuals. Your white paper should be easy to read, but it should also contain interesting facts and figures. Visuals will increase the engagement of your readers, so make sure to include them in your white paper.Tip 1: The best structure for white paperThere are many ways to structure your white paper, but one of the most effective is by using an inverted pyramid. An inverted pyramid starts with the summarized conclusion and gets more in-depth as you move down the document. An inverted pyramid also uses subheadings to break up the document into smaller sections for easier reading.Define your objectiveWith so many industries and topics to cover, it’s important to define your objective. The way your white paper is structured is meant to make sure that readers get a specific idea or message from your document. Your objective should be measurable and specific enough so that you can see how much progress you want to make toward reaching your goal. It shouldn’t be too general or specific so that you end up writing a document that’s much less impactful than you intended.What is your audience?This is the bread and butter of your white paper. What is your audience? What problem does your white paper solve? Why do your readers need your product or service? Weigh these questions carefully, because they will determine the type of audience that your white paper should be aimed at solving.Identify the topics you’ll coverFor each section of your white paper, identify the topics that you plan to cover. What are the main points of each section? Is each section of your paper structured to give potential readers a clear understanding of the topic and the implications of your research?Lay out your content in order of importanceAfter you’ve defined and selected your topics, it’s time to lay out your content in order of importance. Start with the easiest topics and work your way down the list. The hardest topics should be last. Whenever you have a choice between writing about two equally important topics, choose the one with the greater importance. This is critical because the more impactful your paper is, the more readers will remember and react to it.Summing upAt the end of your white paper, tie together your main points with a summary. This is the culmination of everything you’ve written in your paper and gives readers a quick overview of both the benefits of your product and the steps you plan to take to bring those benefits to fruition. Focus on one or two key benefits of your product or service, and then deliver concrete details about what your plan is for achieving those benefits. If you want to go even deeper, you can always publish a follow-up white paper.So what is the best way to structure a documentIt’s influential to remember that a white paper is meant to be read by one person at a time. If the structure of your paper is off, readers will likely lose interest very quickly if they have to slog through pages of unhelpful abstractions before they reach the point they were looking for. The best way to structure a white paper is to provide a summary of each of your major points, followed by a list of the actions you plan to take to realize those points. You can also break your paper up into smaller sections to make it easier to read and make use of the multiple levels of subheadings to break up your content into smaller chunks.Tip 2: The ideal length of a white paperLet’s face it: there are so many white paper topics floating around the internet these days that some of them begin to feel like spam. If you want your white paper to stand out as something special and not just another piece of content in your prospect’s inbox, you need to make it stand out from the rest. Why is Length Important?Although you may believe your white paper is incredibly compelling and that it offers a ton of value to your readers, if this is way too long, your prospect may not get through the entire thing. If it’s too long, you run the risk of losing them at the beginning, since they may not have the time or patience to read an entire long white paper. If your prospect is skimming your white paper because it’s too long, they probably aren’t getting the information they need. If they skim the paper, they probably aren’t getting the information they want. If they aren’t getting the information they want, there’s no reason for them to engage with you or your business. Length matters!How Long a White Paper Should Be?There’s no hard and fast rule for how long a white paper should be. As with most things in marketing, it depends on your goals and your target audience’s needs. To determine the ideal length for your paper, you first need to decide what the paper is trying to accomplish. For example, if your paper is intended to drive leads and build your mailing list, you may want it to include a call-to-action to sign up for your email list. If your paper is meant to educate your audience on the benefits of your product, service, or business model and why they should choose your product over others like it, then a white paper would be an excellent choice. If you’re not sure what type of paper you should write, you can always use a SWOT analysis.4 Advices to Help You Decide the Ideal Length for Your White PaperLead with the problem your paper solves — When you lead with the problems your audience faces, you let them know the value of your paper immediately and grab their attentionThink about the length of your product or service — If you’re creating a white paper to explain the benefits of your product, you want it to be long enough that you can thoroughly explain its features and uses. But you don’t want it to be too long, because no one wants to read a 10,000-word product description. Choose an appropriate format for your audience — While all white papers are about the same thing — the merits of your product or service — they are delivered in different formats.Ask yourself, “What do my readers need?” — If your paper is meant to educate your readers on a particular topic, then you want to make sure they get the information they need.3 Key Ingredients to Ensure a Great White Paper ExperienceCustomers must trust your brand and trust that the value of your paper will exceed the time and effort invested in reading it.Prospects must feel like they get value from your paper.Customers must feel compelled to share your papers with others.2 Recommendations for Excellent White PapersResearching the subject thoroughly — You want to make sure your paper is as accurate as possible. If you make erroneous claims or if your paper is full of errors, your readers will lose trust in your brand and your paper.Creating a visually appealing paper — Your paper should be formatted in a way that is easy to read and understand. It should also be visually appealing so to want to read it.Tip 3: Find an expert in the field of your white paperA well-executed white paper should also give you more visibility in the industry, as it creates new opportunities for you to get quoted and interviewed as an expert. However, most people struggle to find experts to interview for their white papers. You may ask: Where do I find these people? How can I get them to agree to be interviewed? Do they need something from me that would make them willing to participate? And if not, how can I initiate contact and pitch my idea for a white paper at the same time? Finding the right people to interview for your white paper is one of the hardest parts of this processNarrow down your topic before reaching out to potential expertsFirst, you have to make sure you are reaching out to the right people. This includes making sure the topic of your white paper is relevant and interesting to the people you reach out to. We’ve all heard the advice that you should follow your passion and find your true calling. While passion is undoubtedly important, keep in mind that to make a living with what you’re passionate about. In other words, you don’t want to spend your days working on something that only brings you joy. You want to spend your time on things that bring in money and provide value for other people as well. To find the right people to interview for your white paper, start by thinking about what problem your white paper will solve. What issue do you want to help people overcome? What question do you want to answer? This will narrow down the topic to something specific.Reach out to people you know firstThis is the first step in any kind of outreach campaign. It’s a great way to find experts to interview for your white paper because it allows you to reach out to people you know personally. This is the best option if you want to be certain that the person you interview is willing to be interviewed. Knowing each other already means that you don’t have to make a sales pitch or convince the person to participate. You can simply reach out to them and ask if they’d be willing to be interviewed for your white paper. If you want to increase your chances of getting a “yes”, make sure that you ask the person for help first. One way of doing this is by asking your friend to recommend someone who’d be a good fit for your white paper.Find the right people using a research toolIf you can’t find the right people to interview for your white paper by reaching out to your existing network, you can use a research tool to expand your search radius to include people who are less likely to know you. There are three main ways to find experts to interview for your white paper — via social media, search engines, and industry conferences. You can find potential experts on social media by searching for relevant hashtags and groups that you can join and start engaging with. You can also use a social media management tool to search for experts in your industry by typing their names into the search bar or choosing a “people” search type. The second way to find experts is by using search engines like Google. Use Google’s search operators to find people who are connected with your industry and would be willing to be interviewed for your white paper. Finally, try to get in touch with people through conferences. Conferences are a great way to get in touch with experts in your industry and learn from them. The search engine allows you to find conferences that are related to your industry.Ask current interviewees if they know others you can interviewIf you’ve reached out to people and pitched your idea for a white paper and are still struggling to find experts to interview for your white paper, there’s one thing you can do — ask your existing interviewees if they know people who would be a good fit for your white paper. This can be a great way to get in touch with potential experts who are also willing to be interviewed. There are two ways of doing this — you can ask your current interviewees upfront if they know anyone who would be a good fit for your white paper. Another option is to wait until you’re done interviewing and then reach out and ask your current interviewees if they know anyone else you should include in your white paper.Try using a services platform like Expert FinderIf you’ve tried everything we’ve discussed so far and are still struggling to find experts to interview for your white paper, there’s one last way you can find them — by using a service platform like Expert Finder. There are several online marketplaces where you can search for experts who specialize in a wide range of topics and are willing to be interviewed for your white paper. There are a few things you should keep in mind before you go ahead and use a services platform to find experts for your white paper. First, make sure you understand how the platform works. Get in touch with previous customers who can tell you how the process works. One thing to keep in mind is that not all platforms are created equally. Some are better than others, so pay attention to using a quality platform that has a good reputation and is easy to use.Use Google search and LinkedIn to find prospects yourselfThere’s one final thing you can do — use Google search and LinkedIn to find prospects yourself. This is the last thing you should try if you’ve tried all the other ways of finding experts and are still struggling to find them. If you use Google search, you can search for topics related to your white paper and then see who has written articles on these topics. You can then reach out to these people and pitch your idea for a white paper. You can also use LinkedIn to find potential experts to interview for your white paper. LinkedIn is a great place to find experts because it allows you to discover people who are interested in your topic and are willing to be interviewed for your white paper. To find potential experts, you have to first create your public profile. Then, use LinkedIn’s search and outreach features to search for people and pitch your idea for a white paper.Tip 4: Make in-depth research for the white paperA successful white paper relies on research techniques such as interviews, focus groups, surveys, document analysis, and user testing.Conduct interviewsInterviews are an excellent way to learn about your audience. With them, you can discuss your white paper topic in-depth and also get feedback on your product. To find people to interview, look for experts in your field and bloggers who have written about similar topics. You can also reach out to people who have commented on your content or are in your niche on social media. Make sure to ask them if they’d be willing to be interviewed. If they say yes, follow these tips to conduct a successful interview. Develop a script — Make sure you’re prepared with a list of questions. You don’t want to be thrown off if the interview takes a different direction. Interview in person — You’ll get better results if you interview in person rather than over the phone or with an online survey. Have guidelines for the interview — Let your interviewee know how long the interview will be, what the goal is, and what you’re hoping to get out of it. Write up a summary — After you’ve interviewed your guest, write up a summary of the interview. This is especially helpful if you’ve interviewed more than one person.Run a surveyAnother way to get feedback on your white paper topic is by conducting a survey. You can put your survey online or create a paper survey. You’ll want to make sure your survey is short and sweet. It should take no more than 5 minutes to complete. You might want to survey more than one group. If you’re surveying your current customers, you may want to survey both current customers and potential customers to get different perspectives.Do document analysisDocument analysis can be a great method for researching your white paper topic if you’re looking for reading material that’s already published. This method involves analyzing documents like studies, reports, industry statistics, economic forecasts, and other data that have already been compiled by experts. You can find your reading material by searching online or checking with your local library. Document analysis is especially helpful if you’re researching a topic that’s hard to find information on.Hold a focus groupA focus group is a great way to find out what your target audience is interested in and what they want to see in your white paper. You can either invite people to a face-to-face meeting or host an online meeting via platforms like Zoom. Once your group has been assembled, ask them questions about your white paper topic, your product, and what they’d like to see in it. You can also do some polling and ask members to rank items on a scale from 1-10 or 1-5.User test your white paper topicYou can also test your white paper topic by creating a prototype and user-testing it. This method is a great way to find out if your topic is interesting and useful. To do it, create a prototype of your white paper and get feedback from users. You can have someone participate in a moderated usability test or have them fill out a survey after reading your white paper prototype. You can also have someone read your white paper online and provide written feedback about what they liked and didn’t like.Wrapping upCreating a white paper is a challenging process. However, it’s a worthwhile effort that can help you build your brand and generate leads. Before you get started, make sure you’re prepared with a good topic and plenty of research to back it up. Create a plan for your research and stick to it, and you’ll have plenty of information to work with when it comes time to write your white paper.Tip 5: Existing templates for white papersIt is invaluable to base your ICO white paper on a template used in previous successful ICOs. Ethereum has been the biggest of the 10 most successful ICOs ever and therefore provides an excellent template.The ICO white paper is well written, so it should be the first ICO white paper template you consider. Remember, though, that these are just examples. Your white paper should stand out, so make it unique.Ethereum White PaperAlthough this paper is still an exceptional example of a white paper, it has become a much-copied format, so investors will not be as impressed as they were the first time around.Note how well this white paper is presented. It includes quick-access links to each of the appropriate sections, as well as all the details I have given above.The introduction is engaging and includes the clever use of dramatic language to lure customers. It defines the project and lists potential consumer groups. While listing various applications, it tantalizingly states, “among many others that we have not yet thought of.”Investors become hungry to invest in a platform after seeing the vision statement because they believe that the project managers understand their market well.Despite a large amount of information in this white paper, it is written quite well. The inclusion of diagrams, lists, and code helps readers to understand Ethereum and why it is such a good solution.The paper ends with links to additional information that helps to fill in any gaps that it did not have time to address.ICONOMI White PaperThe Ethereum white paper contains all the information an investor needs to decide whether to invest in an ICO project. However, some companies may find the volume of information too much to handle without any guarantee of ICO success.ICONOMI proved that it is possible to produce a white paper for an ICO with much less technical information included. Their 2016 ICO raised over $10.5 Million, becoming the 11th most successful ICO ever.It covers all the points listed in this article and entices investors by using dramatic language and examples. Because this project is of a different sort, much of the technical information has been removed (because this paper aims to list objectives and targets that the project expects to achieve).Before showing how a project meets market needs, the white paper establishes those needs. Throughout the paper, the project's unique advantages are reinforced so that investors are certain that this is the one that will succeed by the end.Tip 6: Enrich the visuals of a white paperDo you find that white papers are often overlooked and underutilized? Many businesses create them to help drive lead generation, but they’re not always as effective as they could be. White papers are one of the most common pieces of marketing content available today. However, they’ve also got some stiff competition. If your white paper isn’t cutting through the noise, it might be time to take a critical look at how you’ve crafted it so far. There are many ways to improve your white paper’s effectiveness by adding visual aids and other features that may not have occurred to you before.Define Your Audience and Why They Need Your ProductAt the outset of your white paper, before any of the meatier topics are discussed, you should identify the target audience of your white paper. It better tailors your message to this specific group of people, and you may craft a message that resonates with them. You can add a section where you outline who this audience is and what their pain points are. This will contextualize how your white paper can help them. If you don’t define who your white paper is for upfront, you risk losing your audience before you even get to the good stuff. The same goes for why your product or service exists. You need to clearly outline what problem it solves for your audience as well.The show, Don’t TellThis a common piece of advice given to budding writers, but one that also applies to white papers, shows, and doesn’t tell. This is especially important when you’re outlining the pain points of your target audience. You don’t have to write out a long paragraph explaining the pain points of your target audience. There are several other ways to show these pain points and make them more relatable. One way to show how your product solves a pain point is via data or examples. Provide statistics or examples of how your product has helped other customers in the past. Another way is to show how your product solves a problem practically, visually, or by using metaphors. Another great way to show, not tell, is to use infographics.Add Rich MediaRich media, like data, is another great way to show, not tell. Data is one of the most common types of rich media, but there are many others. You can add images, videos, graphs, and other types of visuals to your white paper. When you add rich media to your white paper, you’re giving your readers a more immersive experience. This helps them to better visualize the points you’re trying to make and remember your white paper more effectively. You can also add links to additional content or resources in your white paper, which will help to further your objectives for the paper and engage your readers.Use InfographicsAnother great way to add rich media to your white paper is by using infographics. An infographic is a visual representation of data or information that is often presented in a chart or graph format. You can use an infographic to break down complex data points or explain how your product works. Infographics are a common tool used in marketing because they’re highly effective. They’re a great way to add visuals to your white paper because they are often more memorable than other types of rich media like graphs or charts.And More!Lastly, you can use storytelling, interactive content, quizzes, polls, or other interactive elements to add more to your white paper. You can use these elements to help keep your readers engaged and help them better remember your white paper. Storytelling, interactive content, and polls are great ways to show how your product or service helps customers. With marketing content like white papers, you want to do everything in your power to make them as effective as possible. Using visuals and other elements in your white paper can help you to achieve this goal. White papers are an excellent way to drive lead generation. However, they’re not always as effective as they could be. These tips will help you improve your white paper and maximize its effectiveness so that you can reach more people and grow your business.Tip 7: Effective distribution of a white paperIn the age of social media, one negative tweet or Facebook post can destroy your company’s reputation almost instantly. This is why it’s so important to think outside the box when it comes to lead generation strategies. How you market your business, brand, and products will have a direct impact on how successful you are as a company.Why Lead With a White Paper?As we’ve already discussed, white papers are a great way to position yourself as an industry leader. Additionally, they have some other benefits:Informative: White papers offer readers a comprehensive overview of the challenges they face and how your product or service can help solve them.Long-form: White papers are long-form content and can run for thousands of words in length. This means readers can learn everything they need to know about your product/service in one place. Written by industry experts: When you write a white paper, you’re not just sharing your product/service, you’re also sharing your expertise and knowledge. This can help readers learn from your mistakes and avoid making costly errors themselves.High-value: Readers are attracted to white papers because they’re high-value pieces of content. When compared to other lead generation strategies, white papers provide a ton of value for very little effort.3 Easy Ways to Distribute Your White PaperThere are many ways to distribute your white paper. Some are more effective than others, though. Here are a few ways you can effectively distribute your white paper and increase your lead generation. Give a free copy away. One of the best ways to distribute your white paper is by giving it away for free. Why not do this by hosting a webinar, publishing a PDF on your website, or distributing it via email? When distributing your white paper for free, make sure it’s accessible to as many people as possible. Include it in your email marketing campaigns. Another excellent way to distribute your white paper is by including it in your email marketing campaigns. This will ensure your white paper reaches the inboxes of potentially thousands of people. Host a webinar and make it the focus. If you want to distribute your white paper and generate leads at the same time, consider hosting a webinar. Use the webinar as a vehicle for distributing your white paper and invite interested parties to download it during the call.Conclusion: what is the main goal of a white paper?A white paper is an important tool for any blockchain project. It can help you engage your audience, establish your brand as an expert in the industry, and create a clear outline of your business model and strategy. It’s essential to create a solid foundation for your project before writing a white paper. With the help of this article, you can understand how to write a white paper for your blockchain project. Now, it’s time to write an engaging and informative white paper for your project.

18 Oct

Blockchain is a game-changing technology that has the potential to disrupt many industries. It can help users trust each other and transact safely, without intermediaries. The ecosystem is still growing and evolving, which means there’s no single best framework for developing a blockchain app at this point in time. However, developers are choosing between two popular front-end frameworks for building blockchain apps: Angular or React. Which one should you use for your project? This blog post will explore some key differences between Angular and React with respect to these two approaches to building user interfaces.What is Angular?Angular is a front-end framework for building web applications in a declarative, two-way data-binding way. It offers a lot of functionality and is a very powerful tool; it’s also very popular and has a strong community and ecosystem. Angular is basically a set of components and a very opinionated way to structure an application. It has a lot of functionality out of the box: routing, modules, and so on. Basically, you can run an application out of the box. However, the downside is that you have to follow the structure that’s given to you. You have to use all the features. And, if you want to add custom functionality, you may need to rewrite some components.What is React?React is a view library that takes a single-page application approach. The view layer of a web application is the focus of React. React is often used with other libraries such as GraphQL and Redux for building single-page applications. The view library is very modular and focused on composability. If you want to write some custom functionality or add some features to your application, you can just write it as a separate piece of code and compose it with the existing components. This makes it easier to write new features because you don’t have to follow a specific structure or rewrite existing code.Angular vs. React Quick ComparisonLet’s take a look at how these two frameworks compare. The following are some key differences between Angular and React.Architecture & Ecosystem: This is one of the most important aspects to consider when choosing between Angular and React. React is a library, while Angular is a full-blown framework. This means that you get everything that comes with a full-blown framework with Angular — tools, documentation, and community support — but you have to add the view layer with React.Learning Curve: Both Angular and React take a bit of time to learn, but React’s single-page application approach makes it easier to master because you don’t have to learn to route. The overall learning curve for React is also typically steeper, but this is because the basic concepts are more difficult to grasp. Once you get the hang of things, however, React is definitely easier to use. It’s also worth noting that Angular is more opinionated while React is more open-ended, which gives you more flexibility.Performance: This depends on the app’s requirements and other factors like the data fetching strategy. Angular has a strong view of the application’s architecture, so it can render only the pieces of the page that are necessary. React, on the other hand, is a flexible library that lets you decide what to render, which means it can be slower at times.QA Testing: Since Angular is a full framework, it has testing tools built in. React has testing tools, but they are not built into the framework. You can expect to spend more time and effort testing apps built with React. Code Quality: Angular is a full-blown, opinionated framework, and React is a flexible view library. This means that you get more structure with Angular, which makes it easier to maintain and scale your application. React, on the other hand, is more flexible, but it’s easier to write bad code with it.Key FeaturesAngularReactBuilt-in support for AJAX, HTTP, and Observable are just a few of Angular’s highlightsReact’s key features include the ability to use third-party librariesIn line with current technologiesTime-SavingTypescript is a time-savingComposability and SimplicityCoding that is more clear and conciseFacebook is fully behind youError-handling support has been improvedImproved user experience and lightning-fast speedAngular CLI allows for seamless updatesMore rapid developmentValidation and formsOne-directional data binding provides code stabilityLocal CSS / shadow DOMComponents in ReactStrengths and weaknesses of Angular vs ReactEvery well-known application is capable of being balanced with the performance and features provided by this framework. Let's look at React vs Angular strengths and weaknesses.There are many advantages to using React.The development pace of React.js applications is relatively fast because developers can use the same development code snippet either on the client side or server side.The React code is modular and easy to maintain, which saves development time and business costs.It's straightforward to master and operate React with a prior fundamental understanding of JavaScript.The purpose of this language is to create performant and high-performing applications. Because of the DOM program and server-side rendering, complex applications will be high-speed and performant.The most significant benefit of React is that it provides reusable components, so developers don't have to write the same code again to achieve the same result.Angular provides several advantages.Angular's enhanced design structure enables developers to manage multiple components in an application. It is easy to identify functionality and purpose.AngularJS' dependency handling is one of its essential advantages. It provides supreme dependency injection.Angular's MVC structure makes for speedy app development, testing, and maintenance. Developers benefit from this speed as well.Angular offers unique code re-usability because once you finish developing a component or piece of code for a specific purpose, you can utilize it anywhere else for another purpose.You can use and write components anytime and anywhere with plug & play components.Angular allows you to manage the state of your app, which in turn allows you to manage the app's properties, permissions, and other state-related issues.There are several similarities between Angular and ReactThere are many similarities and differences between React and Angular, but before we look at those, let's take a moment to consider the commonalities.Designing buildingsComponents within Angular and React's component-based architectures can be endlessly recycled and reused.To be well-likedThere is an extensive community of developers and resources available for assistance with a faster and easier development process for SPAs using React or Angular.Multiple performances are performed at different timesPerformance is also crucial for both React and Angular. Whether the remaining performance is adequate depends on the user's perspective.Setting up a development environment and performing renderingAngular and React are popular front-end frameworks. Both are suitable for web and mobile application development, providing efficient client-side and server-side rendering.It's simple to updateAngular and React are both simple to update. On one hand, Angular uses the CLI, while React takes advantage of external libraries.Which one is faster: Angular or React?The performance of ReactJS is excellentWhile Angular has a virtual DOM, it is much smaller than React. As a result, Angular components take longer to render than React components. React uses a faster frame rate for its render and update methods. Angular uses dirty checking to update the DOM locks. Every time a component element is manipulated, the Chrome Dev Tools show that Angular updates the DOM.How fast AngularJS runsEvery binding is usually monitored in order to record all the modifications. Consequently, the loop continues until all the bound values and monitors are checked. This makes the process quite tedious. Although the explanation is straightforward- the more bindings you have, the more monitors are generated.Angular has improved tremendously with the latest release, Angular 14. Therefore, Angular is still superior to React. However, the disparity between angular and react remains significant.Performance in numbersIn this section, we compare how Angular and React perform different tasks. This shows us how each of these technologies will work.ActionAngularReactLoading10ms7msScripting173ms102msRendering3ms6msPainting2ms4msSystem73ms129msIdol3034ms3042msTotal3295ms3289msAngular and ReactJS Use CasesAlthough both Angular and React are popular front-end frameworks, their use cases are quite different. React is often used for building websites and developing web applications, while Angular is a popular choice for building mobile and progressive web apps (PWAs). Angular is based on the concept of a “SPA” (single page app), which is a specific implementation of a website where the entire site is rendered on a single page without the need to reload the page. Angular is widely used for building SPAs. React, on the other hand, is typically used for building websites where each page is refreshed automatically to display new content when a user clicks on a link. React is not designed for building SPAs, but it can be used to build hybrid apps and PWAs.QA Testing in Angular & ReactQA testing is one of the most important aspects of building quality software. In the context of front-end development, testing means writing code to check if your code is working as intended. Testing can be done in many ways, including both automated and manual testing. Automated testing is done with the help of code, and manual testing is done through visual means (such as clicking on buttons and checking if the desired result is achieved). Automated testing can be done with many programming languages, but it’s often done with JavaScript, which is the language used most commonly in Angular and Reacts. When it comes to testing, Angular and React are very different. React is a test-first framework, which means that the developers write their tests first, then write their code. This approach results in well-tested code that is easier to maintain. In contrast, Angular is more of an exploratory testing approach, where the developers write their tests after they’ve written their code. This means that their tests will be more difficult to maintain.A comparison between Angular and React testsIt's time to test that React app.React runs test suites continuously throughout development as part of its continuous testing process. Test runners such as Ava, Jest, and Mocha are included, which allow tests to be executed as the development process runs. Jest is highly compatible with a range of features including timers, mocked modules, and Jsdm support, which is why this is the case.Furthermore, Mocha adequately fulfills browser-specific demands, thus supporting realistic simulations.Enzyme is a React testing utility that allows you to assert, manipulate, and traverse your components' output. Enzyme's API is simple and concise, allowing you to describe what your component produces. Jest is a testing framework for React that allows you to test your code utilizing JavaScript. It's simple to get started with, but may be extensively customized. You may also integrate Enzyme into your existing test setup by using enzyme-to-jest or enzyme-to-karma.Testing an Angular application.The Angular testing framework is best utilized by writing tests before any code is written. Once tests are written, development becomes far more predictable and easier to maintain. By writing tests first, you can see if your code is functioning as intended and whether it addresses the issue.A comparison of Angular and React performanceSmaller bundle sizes load faster, resulting in higher rankings and conversion rates. The search engine downloads the bundle file immediately upon reaching your website, so it's important to optimize it.When you build an Angular SPA, the development utilities and unused modules are left out. Angular does not include the complete bundle of Angular frameworks in the user app. It performs additional optimizations via compressions and minifications after that, resulting in a large reduction in bundle size. Using a compiler when developing your SPA with Angular speeds up bundle file compilation. Therefore, you can rank your Angular application using the CLI production mode.You don’t get such options to optimize the bundle file with React. You get hints for components, but you must always check the size of your bundle.For Code Quality: Angular or React?Depending on what your main focus is, you need to choose the right tool. If you’re focused on code quality and maintainability, go with React. If you want a more straightforward workflow, go with Angular. It’s important to keep in mind that a lot of this decision depends on personal preference and what your team’s experience is with each technology. There are a few things that you can check to get a better idea of the code quality of each framework. The first thing to check is how extensively the framework is tested. The higher the test coverage, the better the code quality. Another thing to check is the size of the framework itself. The larger the framework, the more complex it usually is. If you have a large team that is distributed across different time zones, you might want to decide on a smaller framework such as React. On the other hand, if you’re building a small app that only has a few people working on it, you might want to choose Angular, which is larger and more complex. Another way to determine code quality is to take a look at the open source repos for each framework and see how well-written they are. This might not be the most scientific way to check, but it can give you a general idea of each framework’s code quality.Compare the maintainability of the codeThe purest deed in the bible of developers is having a standard practice of overall code maintainability. Organizing the complexity of code structures in different program files and managing the naming conventions is a demanding task.Writing clean code is important to React developers, but the process slows down production time. In any event, they can write precisely correct code that operates on small modules. React allows developers to split up their code in such a way that machines can utilize it. Using React enables developers to create reusable components, which, consequently, encourages code reusability. It allows them to create custom ReactJS components with unique names that are simple to render.Angular saves developers from creating mismanaged and disparate code by providing Maintainable JavaScript. Angular saves developers time by providing HTML extensions and component re-usability.Are Angular and React sufficient on their own, or do they require external libraries?React is a JS library that is best for UI development. Due to its versatility, additional libraries might be required to optimize state management, routing, and API interaction, such as Redux, React Router, or Helmet. Additional modules or libraries should be installed for data binding, component-based routing, project generation, form validation, or dependency injection, for example.All the features mentioned above, such as data binding, component-based routing, project generation, form validation, and dependency injection—can be accomplished using Angular's library. However, Angular is a comprehensive software development kit that does not require additional libraries.Maintainability of Code: Angular vs ReactAs we mentioned earlier, one of the big differences between Angular and React is that Angular is an end-to-end solution, while React is only a front-end solution. Angular, therefore, is more of a framework, while React is only a library. This means that if your blockchain app needs to connect to a database, you need to integrate a different framework like GraphQL. This means that you’ll have to do a lot of extra work to get all the different components working together. On the other hand, if you’re using Angular, you’ll get all of these components as part of the Angular framework. This can make Angular a more complicated solution because now everything is in one big code base. When you need to make changes to something, you’ll have to change it in many places. This can make the codebase harder to maintain. This is where React comes in. React is just a library, so you have a separate code base for each component. This makes it easier to update and maintain. This is especially important when your app is in production, and you need to make changes quickly. Another thing to keep in mind when choosing between Angular and React is that you’ll likely end up using a combination of both for your project. Almost no one uses just Angular or just React. A lot of people will use both together to build a single application.Angular and React are used for different purposesLarge-scale applications can be developed using AngularJS, but if you want to create a custom application with specific requirements, you should decide on ReactJS.Angular is widely usedAngular can be a great alternative if you're looking to build e-commerce platforms, real-time data applications, or user-generated content hubs. You can rely on PayPal for the most effective checkout system, Upwork for smooth functionality, Localities for an exceptional UI, Forbes, Nike, and HBO for example, for quality.A list of well-known React applicationsYou can select React if you want to construct Data Visualization Tools or Dashboards, Social Networks, Retail or E-commerce, or Cross-Platform Mobile Applications. The Netflix streaming platform performance and modularization, as well as the unique celebrity appearance version of The New York Times, are just a few examples.Angular and Blockchain: Pros and ConsLet’s start with Angular and its potential benefits when used to build a blockchain application.Angular’s Strengths Large Community — The first advantage of building a blockchain app with Angular is that it has a large community, which can help you find support, new ideas, and solutions to problems faster. Compared to React, you may find that you have more options for finding a team that knows how to use Angular, as well as more open positions for Angular developers.Superior Performance — Next to React, Angular is the most popular choice for large enterprise applications that are used by millions of users each day. It can easily handle complex, multithreaded data flows, which can be challenging to implement with React.Robust UI Libraries — Related to its enterprise-grade capabilities, Angular comes with robust UI libraries. This means that when you build a blockchain app with Angular, you can also take advantage of its pre-built UI components. This can make the design and development process more efficient, especially if you’re building an app with a team of designers and developers.Angular’s WeaknessesComplexity — Angular can help you build a blockchain app quickly and efficiently, but with its simplicity comes a certain level of complexity. It has a steep learning curve, especially if you’re new to the ecosystem, and can be challenging for beginners to get a grasp on.Poor SEO — Angular can help you build a blockchain app that’s rich in features, but it may not be the best option for you if you’re concerned about the app’s SEO. Because it’s so complex, it’s harder to write clean, easy-to-read code, which is significant for SEO ranking. Lack of Platform Standards — Because Angular is so widely used, there are very few standards regarding application architecture. This can lead to inconsistencies across teams and projects, making it harder to collaborate.React and Blockchain: Pros and ConsNext, let’s explore some key advantages of building a blockchain app with React.React’s StrengthsEase of Learning — React is a simple framework that can help you build a blockchain app quickly and efficiently. It’s straightforward enough to be easily digestible by beginners.Flexibility — React is one of the most flexible front-end frameworks you can use to build blockchain apps. It’s designed with the idea that each piece of functionality can be used and reused in many contexts. This means that whenever you need to make a change, it will be much easier to do so than with Angular.Excellent for Learning — Finally, if you’re just starting out with blockchain development, React is a great option for you. It has a very active community of developers, which can help you learn the ropes on your own.React’s WeaknessesPoor Performance — While React can be a great choice for basic blockchain apps, it’s not ideal for complex, enterprise-grade applications. The reason for this is that it can’t handle complex data flows; it’s not meant for that. Poor Documentation — If you’re building a blockchain app with React, you may encounter a few challenges along the way. This is because the documentation is not very detailed, especially for beginners who may get lost easily trying to learn it on their own.Lack of Tools — Another thing to consider when building a blockchain app with React is that it doesn’t have the same level of tools and pre-built UI components that Angular does.Which Framework to choose?Now that we’ve explored some key differences between Angular and React, we can ask — Which one should you use for your project?  This can vary depending on your exact needs and preferences. The following, then, is a list of factors to consider when making your decision:What is your project’s scope? What are the requirements for your app? What level of functionality does it need to have? What is your team’s skill set? What level of experience do your developers and designers have with the two frameworks? What are the project’s requirements? What is your application’s expected lifespan? Are you building a prototype or a product that needs to last for years?ConclusionThis concludes our discussion on Angular vs React. We hope that this has helped you understand the core differences between these two popular frameworks and what they offer. When deciding which framework to use for your next application, you should consider the factors outlined above and evaluate your unique project requirements. And when it comes to building blockchain apps, Angular and React both have their advantages and disadvantages. At the end of the day, it all comes down to your specific requirements and what works best for your project.

30 Sep

When beginning a new software project, there is a need to lay the groundwork for a successful outcome. The scope of project work, quality assurance standards, and other details manage expectations and reduce risks as much as possible beforehand.However, without having a clear idea of what your team needs to build and how it should be built, things can get messy pretty fast. It’s not enough just to have some vague ideas about what you want in the end. Also need to know how we get there from here — and that means having a detailed Software Requirements Specification (SRS) that covers every aspect of the final product.In this blog post, on how to write software requirements, we’ll look at why an SRS is important for any software project, and what makes up an effective SRS document. Whether you’re working on a brand-new project or simply want to make sure your next one goes smoothly from the beginning, this is the article for you!What Goes Into a Software Requirements Specification?An SRS is a collection of information that will guide the development of your product. The SRS can vary in format and length depending on how comprehensive the project is. An SRS document should outline your product's objectives, features, and functionality. It should also include information on how will reach those goals.The following are examples of essential items that go into an SRS.ObjectivesThe first item in any SRS is the objectives. The objectives list the reasons why your team is creating the product. It is important to be clear on these goals. Make sure that everybody on your team understands them. Often, objectives are written as a list of problems or issues, followed by a list of solutions. This is called a Problem/Opportunity/Solution (POS) format. The objectives should also include a clear statement of the project’s goals. Make sure that your team has agreed on the project’s goals.FeaturesThe next section in the SRS documents the project’s features. It will give a summary of what the feature does, who will use it, and why are you including it. These characteristics will also assist in writing better user stories.User StoriesUser stories are short descriptions that focus on a specific user and what they want to achieve. User stories are placed in the SRS as a way of defining the product’s features.The format of a user story is as follows: - As a role> I want some goal> So that some reason.The first two lines are known as the context. The third line is the goal. The fourth line is the reason why the user is trying to achieve the goal. Some people prefer to put the reason after the goal.Product WalkthroughThe product walkthrough is a description of how the product will work. It is often written as a series of steps that a user would go through to complete a particular task. You can also provide a visual representation of the product walkthrough as a series of flowcharts or diagramsResponsibilities of the Development TeamThe team that is responsible for developing the product is likely to change over time. However, the creation of an SRS means that have an agreed-upon standard for the level of information needed to create the product. This section of the SRS document outlines the responsibilities of each team member.Who needs software requirements specificationand whyStakeholdersDocument requirements discussed by the client and contractorInvestorsAssess the prospects of software to make investment decisionsDevelopersEstimate and plan developed according to the client's requirementsDesignersCreate mockups based on requirements and use cases from the SRSQA engineersTest the software against the client's requirements and business needsNontechnical employers Plan activities using the SRS as a full description of the softwareHow SRS Differs From A Brief And RFPBefore starting the development, you may create a development brief or a request for proposal (RFP). These documents may also be created. We want to make sure everything is clear because there are so many documents.What is a development brief — Before we begin developing software, our specialists interview you to obtain more information and use it as a starting point. A development brief is a simple description of your future plans and ideas.What is an RFP — When a client wants a development team to create a certain product, they usually create a request for a proposal (RFP). This is because the request clarifies many issues and specifies necessary details.In the case of an RFP, a brief is not necessary. What is an SRS document — Finally, an SRS document is an official approval for your project development that contains detailed technical and non-technical info about everything related to the project.SummaryThe summary is a one-sentence description of the product. It should provide a high-level overview of the product and its major components. Make sure that provide enough information in the summary to get the attention of other team members. The summary is often the first thing that people read when they open the SRS document. The SRS document is the main resource for developing the project. It is a living document that will change over time as the product is developed. The SRS is important because it keeps all stakeholders informed. It is a roadmap that guides the team through the SRS development process. The SRS is also a way of managing expectations. It helps to avoid misunderstandings since each person knows what is expected of them.Creating the Right Environment for Writing a software requirements specificationIn order to get the most out of SRS, you must establish the appropriate environment. First, make sure to have plenty of time to write your SRS. The document should be one of the first things to do when you start a new software project. The more time has, the better the SRS will be since it’s your chance to really understand your users, goals, and project scope.Here's a step-by-step guide to creating an SRS:Step 1: Define a User StoryStep 2: Estimate Time and Cost of TasksStep 3: Define What Activities You’ll Need to CompleteStep 4: Determine the Product FeaturesStep 1: Define a User StoryA user story is a sentence that describes a feature or functionality. It should give a general idea of how a user will interact with your product. User stories are critical to creating an SRS because they force you to focus on your user's needs. Your users aren’t going to care about how built the product. They just care about how it solves their problems. That’s why user stories are a good way to identify what needs to be included in an SRS.For example, if you’re building an app that lets users manage their finances, you might have a user story like this: Users can view their budget. This is a very basic user story. It doesn’t go into much detail about what that means. It’s okay for now. You can add more details when you’re creating your SRS.Including the User Experience in a Software Requirements SpecificationAs you write your user stories, include information about the user experience. Let’s use the budget example from above: Users can view their budget. The user experience can be added to your user stories. It can include information about the user interface elements that show the budget. It is possible to include information about how a user transitions from one screen to another.For example, if you’re managing your budget and decide that want to change the amount of money you’re spending on groceries, might have a transition like this: View the budget > Select the grocery category > Select the grocery amount > Confirm > Budget updated > Return to the budgetDescribing the UX in a Software Requirements SpecificationAdding details to your user stories can give more information about the experience. Let’s use the same example from above: Users can view their budget. There is also possible to add details about how a user experiences that functionality. This helps the team understand how the product will work. For example, if you want your product to allow users to view their budget, could describe how that works in the SRS.You are able to describe:how a user moves from the home screen to a screen that shows their budgethow the user would interact with the budget screenhow the budget screen would look and feelDescribing the UX in a Software Requirements SpecificationWhen creating an SRS, you’re defining a product. You’re defining the functionality and user experience of your product. That’s why it’s important to define your user stories. User stories concentrate your attention on your user's needs. It’s critical to include details about the user experience and user interface elements in your user stories. That way can better describe what you need to include in your SRS.Step 2: Estimate Time and Cost of TasksAn SRS is also a great place to break down the tasks expect to accomplish. It is possible to estimate how long each task will take. May wish to include a table or spreadsheet with estimated times and costs. This will help organize and track tasks. If you’re managing tasks on project management software, can include that information in the SRS as well.Define the scope of your software projectIt is crucial to have a grasp on the scope of the project as early as possible. Establishing a baseline for time and cost will be helped by this. In some cases, may need to create more detailed project plans to manage expectations around cost and timelines. When working with clients, may want to include a “scope of work” or “statement of work” to help clarify the details of the project.Create a feature listWhen creating a feature list, try to think about the “above-the-line” items. That are the items that are necessary to create the product. Be sure to leave room for “below-the-line” items. These items are not necessary to create the product, but may still be necessary for reasons like marketing. “Below-the-line” items may include designing logos, creating content, etc. Consider the following when creating a feature list:What are the features that are necessary to create the product? What are the “above-the-line” features?Which features are “below-the-line” items?Determine development team size and skill set requirementsThere are many factors that go into determining the size of your development team. Keep in mind that a larger team may mean more communication and collaboration, which can help avoid unnecessary rework. For example, if assign three people to create a single feature, the team members may need to communicate about the design and functionality of that feature. This may introduce additional time and costs due to rework or communication missteps.When determining the team size, consider the following:How many developers will be needed to create the product? What skill set do those developers need to have?What about other team members such as designers, project managers, and product owners?Define usability and user experience requirementsWhen defining usability and user experience requirements, think about the end user. How will the product be used? Is it intuitive to use? Is it easy to navigate? What are the “best practices” when it comes to design and functionality? Should consult with online resources for best practices in design and usability. May also want to reach out to designers in your network. They may be able to offer insight into design and functionality.Define software security and scalability requirementsSecurity features help protect the product, data, and users. This includes data encryption, data security, and authentication. What are the security requirements for the product? How will the data be secured? Will authentication be required? Scalability refers to how the product will perform and grow in terms of how many users are on the system and how much data it’s handling. What are the scalability requirements for the product? How many users are expected to use the product? What about data? Define requirements for quality assurance tasksQuality assurance, or QA is the process of testing the product to ensure it works as intended. There are different types of QA tasks, including functional, security, performance, and usability testing. When defining requirements for quality assurance tasks, consider the following:What types of testing are necessary for the product? What is the breakdown of testing tasks?Is there anything that should be done prior to testing?Estimate the cost of developing new featuresIf you’ve already determined the features and functions of the product, worth estimating the cost of developing those features. Estimate the cost of development tasks based on the type of work, team size, and hours worked. For example, developing a new feature may include tasks like research and design, coding, testing, and deployment. Research and design tasks may take 2-3 weeks. Coding might take another 2-3 weeks, depending on the type of product. Testing the product may take 1-2 weeks. And, the team may need another week to deploy the new feature. In total, the team may need 5-8 weeks to ship the feature. This may give an indication of the “effort” of the development. If the feature takes longer than expected, look at why it’s taking longer. This is an opportunity to identify roadblocks and mitigate risks.Step 3: Define What Activities You’ll Need to CompleteAn SRS is a lot like a recipe. Want to break down each task and create a list of ingredients that go into the final product. Can include the following information in your SRS to help break down what needs to complete.User Experience: How your users will interact with your product.Design: How your product will look.Development: What languages you’re using to build the product?Testing: How you will test the final product.Infrastructure: What type of hardware or software does your product need?User StoriesA user story is a written description of something a user needs to accomplish with your product. User stories describe a specific action a user takes with your product. They do not feature lists, which are the things your product will do. User stories are helpful because they focus on user needs, not what your product needs to do. User stories are written from the perspective of the user, not the product owner. User stories are short. They’re just a couple of sentences long, and they are written in the language of the user, not the product owner. They’re written from the perspective of the user, and they focus on a specific action a user needs to complete, like “As a subscriber, I want to be able to mark posts as read”.EstimaUse CasesQuaIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case is a series of steps that describes how the product works in a real-life situation. A use case is essentially a story about how a user sees your product in a real-life situation. It’s written in a format called an “As-If” template. It begins with the words “As if” and continues with a description of the real-life situation. Then it describes what the user wants to achieve, followed by what the product should do in response. This is essentially describing a story about how the product works in a real-life situation. In one example, a user logs into their account and marks a post as read. This is the action that the user takes. The user wants to mark a post as read because they’ve already read it. The product responds by marking the post as read. This is the action that the product takes in response to the user’s action.Software RequirementsQuaIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case is a series of steps that describes how the product works in a real-life situation. A use case is essentially a story aWhile use cases describe how a product works, software requirements describe what the product actually looks like. Software requirements are essentially the details that go into those use cases. It’s the ingredients that go into the recipe. For example, if a use case is “As a subscriber, I want to be able to mark posts as read,” a software requirement might be “Subscribers can mark posts as read by clicking on a button below each post.”Confirmed Software RequirementsList confirmed software requirements in your SRS. This is the software requirements list that you’ve researched and confirmed with your team. Might be using a new language or framework for the first time, in which case your SRS will include a list of confirmed software requirements to make sure everyone is on the same page.Risk AnalysisIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case Risk analysis helps identify anything that might go wrong with your product. Risk analysis includes details about each risk and ways to mitigate those risks. For example, might have a risk that a new language or framework doesn’t have as many tutorials for beginners as your current language. Can mitigate this risk by researching what needs to know about the new language upfront. May also risk that the product will be too complicated to build. Likewise, may mitigate this risk by simplifying your product as much as possible. By identifying possible risks and how to mitigate them, you’ll know how to prepare for anything that might go wrong. Use your risk analysis to identify things that could go wrong. This will help plan accordingly so that you’re prepared no matter what happens.Step 4: Determine the Product FeaturesThis is where really get into the nitty-gritty of what your product must do. Your SRS is a good place to list product features. These are your must-haves. They are what your users expect from your product. It’s good to have these in the SRS so that can refer back to them as build the product. Can avoid getting distracted by new ideas with this.The following can be included in your product features.User needs: Actions users will take with your product.User flow: How users will interact with your product.Use Cases: User tasks that happen while completing the user flowsA use case is a story that shows how a user will complete a task with your product. For example, a use case for an online photo-sharing app might be “A user uploads a photo and shares it with a friend.” This is just one example. Have multiple use cases for each user flow. One thing to keep in mind is that use cases aren’t just about what users will do, but what they will try to do. Might find that users have many ways of accomplishing the same tasks. Your use cases should include all of these different ways of doing things.Measures of Success: How you will know if your product is a successDefine what success looks like for your product. If you don’t know what you’re trying to achieve, won’t be able to see if you’ve achieved it.  Should do this for both your overall vision and for each feature. Examples of measuring the vision might include increasing brand awareness or increasing revenue. For each feature, it would be beneficial to know if the feature is used frequently or if it is user-friendly. You might also be interested in knowing if there are any issues with the feature.Product Risk Factors: The potential risks of building your productList the potential risks associated with building your product. Potential solutions can be listed if discover issues while creating the SRS. This will avoid getting stuck on issues. Are free to proceed when having a solution. Issues that aren’t critical to the SRS can move to the backlog.Your risk factors might include the following:Technical Limitations: Are there certain technologies that you can’t use? This can be due to availability, scalability, or cost.User Limitations: What is your user’s skill level? This can include both technical skills and knowledge about your product.Product Limitations: What features are non-negotiable for your product?Business Limitations: What must your product do or accomplish?Product Constraints: Limitations on building your productList the potential risks associated with building your product. Potential solutions can be listed if discover issues Constraints often limit the features or functionality of your product. This can include things like budget or deadlines. Could also consider constraints from the perspective of why something is limited. For example, might experience a financial constraint because of your budget. Might face a time constraint because of your product’s deadline. Your constraints should also include any limitations set by your stakeholders. This can include things like the product’s overall theme or design. May also have a business constraint if your company can’t afford certain items. Your SRS may not be what expect it to be. And that’s OK.  The goal is to get your product mapped out. Can refer back to your SRS as creating your product. By outlining your product's features, will be able to create a more effective plan for how to create your product. Can create a better timeline, a better budget, and a better product. This will avoid headaches and mistakes when creating a new product.Product Risk Factors: The potential risks of building your productIt is possible to know how long your product will take by creating a timeline. Break up your timeline into phases. Each phase is a different part of the process. For example, you might have the following phases:Research and Discovery: You can use this phase to create an SRS, find your product metrics, and create a product roadmap.Product Design and Development: This phase is where you create your mockups and design the user experience of your product.Product Testing and Launch: This phase is when you test your product with users and launch your product.Post-Launch: This is when you analyze your product metrics and make any necessary changes.Create a product roadmap: What will happen when and in what order?A product roadmap is a visual representation of what needs to be done and when. It will help with the timeline created in the previous section. The roadmap can be a visual image or document. Could enter this information into a spreadsheet or a project management tool like Asana.A product roadmap can include details such as the following:Product features: What features will your product have?Business drivers: What must your product do?Product owner: Who is responsible for each product feature?Order of tasks: What must happen first, second, third, etc.?Create a mockup: Design the user experience of your product.A mockup is a visual representation of what your product will look like. It’s a good idea to create a mockup for your product’s user experience. This can include the user interface, user journey, and functionality. Your mockup should include any data that the user will see. This can include things like menus, graphs, and charts. This will save time and money later. It will also help avoid mistakes that would be difficult to correct later.Create a product timeline: What does each phase look like?A product timeline is a visual representation of how long each phase will take. Your timeline should add each phase of your product’s creation. It should also consider the amount of time needed for each phase. This can regard things like research, design, and testing. This can also include the time it takes to communicate with your team members.Create a product budget: How much will the project cost?A product budget is a visual representation of how much your product will cost. Create a budget for each phase of your product. May also want to include things like the cost of hiring team members, equipment, or contractors. Furthermore, can find the cost of almost anything online, including software.A product budget can include details such as the following:Name of the product: What is the name of your product?Total project cost: How much does your project cost?Budget for each phase: What does each phase cost?Create a product risk analysis: What are the potential risks?A product risk analysis is a document that lists the potential risks of creating your product. Break them down by phase. Also, list ways to mitigate these risks or reduce their impact. This is similar to what we discussed in the product risk factors section of this tutorial.ConclusionsThe SRS process can be long and arduous. It’s important to set aside time and create a space where you can really explore your project. Your Software Requirements Specification is one of the most indispensable documents it can create. It’s the foundation of your product. If you don’t build your SRS correctly, the risk of building a product that has too many bugs is too expensive and doesn’t serve your users. This is why it should take the time to create great functional requirements. Your users and project will be better understood by it. It will also help identify any issues or challenges in your project, so it can solve them before they become problems.

14 Sep

A new generation of digital assets also comes with new ways of marketplaces. The native token will be traded on NFT marketplaces to unlock its potential and value. These are not just other intermediates between the individuals and final users, but projects in their own rights that can become critical partners for other platforms.A successful marketplace is an ecosystem with a huge number of users who want to use it. For example, think about how the eBay platform has been able to keep growing because users trust it and find it useful, so they keep coming back again and again. On the other hand, many failed marketplaces were unable to attract enough users from the very beginning due to missing value propositions. If you want your project to succeed, you need a solid plan for your marketplace from the very first stages of the development process.What is an NFT Marketplace?NFT marketplace is a centralized platform that allows users to trade digital assets. They are a new generation of marketplaces for digital assets, such as collectibles and virtual goods. Besides, unlike the majority of existing marketplaces, they have no intermediates between users. To understand the difference, think about the typical Amazon marketplace that links buyers and sellers and takes a certain percentage from each sale. In the case of NFT marketplaces, the Blockchain system validates ownership of the digital assets and transfers money, while the marketplaces themselves just organize the process. The most important issue that any marketplace has to solve is how to get people to come to it and start trading. NFT marketplaces solve this problem by creating a strong brand identity, offering a great user experience, and integrating with other platforms.It’s important to note that the term “NFT marketplace” doesn’t refer to a single kind of platform. Instead, it is a new type of digital marketplace that works differently from traditional e-commerce platforms. The key difference is that NFT marketplaces don’t use a centralized system where users buy and sell directly from one another. Instead, these marketplaces create a standardized system for tracking and managing items listed for sale. These items are referred to as non-fungible tokens or NFTs. The selection of tokens available for purchase can vary from day to day, as marketplaces receive new ones from a variety of sources.When you are ready to make a trade, you can search for the token you want to buy or sell. You can do that in two ways:— If you know the name of the token, you can search for it.— If you don’t know the name of the token, you can click on the “identify” button. When you do this, the marketplace will scan the token and tell you what it is. Once you find the token you want, you can make an offer. If the seller accepts your offer, you can complete the transaction. You can also place a token up for sale. When you do this, you can set the price and choose what type of payment you will accept. You’ll also have the option to create a custom description of the token. Anyone who wants to buy or sell virtual goods or collectibles will be able to use NFT marketplaces. People who are interested in selling their rare virtual goods or digital collectibles will enjoy the ease of use and low transaction fees that these platforms provide. Marketplaces that specialize in specific types of items (such as CryptoKitties) may attract a specific type of seller. However, there are other NFT marketplaces that offer a wide range of tokens for sale.Why Do You Need an NFT Marketplace?If you are a developer of a digital asset platform, why should you even think about whether to build a marketplace? It is a good question to ask before you launch the development process. The concept of NFT marketplaces is still new, and you might not know who your first partners will be. It is better to have a fallback plan and build the functionality of the platform, so you can easily switch to a marketplace later. Nowadays, many digital asset platforms that have just launched their services are looking for partners. If you have a marketplace, you can easily add new tokens to your platform and attract new users. Besides, you can create a win-win situation for your platform and a new marketplace at the same time.How to build an NFT marketplace from scratch with Solidity and EthereumThe first thing to do is to define what kind of NFT marketplace you want to create. Think of the functionalities that users and sellers need and the type of items you want to list. Next, decide what you want to call the marketplace: Auction House, Auction Site, or Trading Post. This will determine the smart contract code and the website layout. Once you have the description of your marketplace and the code written, you need to add a new DAPP with a marketplace inside it. This DAPP will be your central hub for all the items listed on your marketplace.Why do you need a decentralized NFT marketplace?All the benefits that centralized marketplaces provide can be found in decentralized counterparts. Still, there are many reasons why you should choose a decentralized solution. The main one is full control of the terms of service and dispute resolution. If one of your partners breaks the rules of your marketplace, you can easily kick them out, while with a decentralized marketplace, you can’t. The only option is to change the rules, either by voting or changing the code of the smart contract, which is not always possible. Another advantage of a decentralized marketplace is security. On centralized marketplaces, all the sensitive data of the marketplace and the users is stored on their servers. This information can be stolen or leaked, which has happened many times in the past. On decentralized marketplaces, the data stays on the blockchain, so it is much harder to hack.The benefits of building an NFT marketplace inside your DAPPThe first thing to do is to define what kind of NFT marketplace you want to create. Think of the functionalities that users and sellers need and the type of items you want to list. Next, decide what you want to call the marketplace: First, you can attract more users to your platform as you will be able to show some of the items for sale on your marketplace not only on your own website but also on other apps and websites that use the same DAPP. Second, you will get listed. There are lots of decentralized applications that don’t have their own marketplace and don’t plan to launch one. Your marketplace will be listed on many of these apps, which will make it more popular. Third, you will be able to test the marketplace functionality before you build an independent marketplace. The fourth and last benefit is that you will be able to save some time and money, as you can build the marketplace functionality inside your DAPP and won’t have to hire blockchain developers to do it.The benefits of providing your own NFT marketplace as a serviceThe main benefit is that you can earn money with it. If the marketplace is a service, you will charge a fee from the seller and/or a commission from the buyer. It will be especially helpful when the NFTs you list on your own marketplace are the ones you’ve created. You will be able to earn by using them to sell on other marketplaces. The secondary benefit is being able to learn how digital asset marketplaces work. You will be able to try different business models and see what works and what doesn’t.What is the cost of NFT development?The Global Non-fungible Token Market size is expected to reach $97.6 billion by 2028, rising at a market growth of 31.6% CAGR during the forecast period. Rapidly growing adoption stems from NFTs solving a major problem with digital assets: fungibility.Creating an NFT market platform with the most advanced features and security measures based on blockchain technology requires a lot of time and money. NFT Development Services start at $50000, and these amounts may vary depending on the customizations you desire.The thing that can have the biggest impact on the cost of NFT Marketplace Development is app complexity. This includes all of the features you want your application to have, in addition to third-party API integration support. Because of this, the cost of NFT App Development is also dependent on the amount you are paying your developers.To help you create an NFT exchange as seamlessly as possible, we have delineated its core features. We organize them into two categories: architectural features and third-party integrations.A market application, a mobile, or web application for buying and selling NFTs, is one of the fundamental architectural components. An InterPlanetary File System is required to store non-fungible data from distributed networks.A wallet is a tool for storing, exchanging and sending digital assets in addition to storing, exchanging, and sending digital assets.Architectural featuresSmart contracts can provide unique identifiers for each non-fungible token.NFT metadata includes the characteristics of every non-fungible asset on your platform.The foundation for your business will be the blockchain, which will keep track of all transactions.Third-party integrationsInfura.io. Use this service to access the Ethereum blockchain.Ethereum. It is the most popular blockchain integration in the world of NFT marketplaces.CoinMarketCap. It is a service for tracking prices in the cryptocurrency market.Recap of an MVP of NFT marketplace costs:StagesCostDiscovery Phase$5000- $12000Development$26000- $100000Q&A Testing$5000 - $10000Launch and Technical Documentation$0 - $2000How to Create a Successful NFT Marketplace?Creating a successful marketplace is not an easy task, and it requires careful planning. First of all, you should clearly understand the value you want to bring to the market and your target audience. You need to understand the needs of the potential customers, their problems, and how you can solve them. When you know who your users are and what they want, you can design a marketplace that meets their needs. Besides, it will make it easier to get them to come back again. When you design the marketplace, you need to figure out what features are essential and which ones can be omitted. The core features of any marketplace are the following:User Accounts — Users need to be able to sign up and log in to the platform, create an account, and have some way to manage their information.Product Catalog — This is what your marketplace is for, after all. Besides, your users need to be able to see and search through the available products.User Experience — User experience is one of the main success factors for a marketplace. It is even more important when all of the products are digital assets because people do not physically hold them in their hands.Payments — A marketplace without payments is not a marketplace at all, besides, they are the most essential feature of your platform.Crypto Trading — It is a great addition to many marketplaces, but it is not an essential functionality.Step 1: Define Your Marketplace’s PurposeA successful marketplace is one that actually solves a real problem for people. The first step is to understand the problem your marketplace aims to solve. Who has this problem? What is their situation? What are their expectations? Decide if you want to create a marketplace for physical or digital products. If you want to sell physical goods, you will have to deal with shipping and logistics, which are not easy tasks. If you want to sell digital goods, you will have to figure out a way to transfer ownership from one person to another, which is even more complicated. In addition, the price of the goods may fluctuate. If you want to sell both physical and digital goods, you will have to deal with two different concerns.Step 2: Understanding Your UsersAfter you understand the concern your marketplace aims to solve, you need to understand your users. Firstly, identify the target audience of your marketplace. What are their demographics? What are their purchasing habits? What are their expectations? What are their problems? You can get the answers to these questions by conducting surveys, running polls, and analyzing the statistics of a given industry. Create personas based on the data that you collect. Personas are fictional representations of your target audience. They will help you better understand your users’ needs and expectations.Step 3: Know the Basics Before You BuildAfter you have identified your target audience, you need to know what is essential for your marketplace to work. Ask yourself the following questions: What type of users do you want? What type of products do you want to sell? What is your pricing strategy? What payment methods do you want to accept? How will you deal with customer support? How will shipping work? If you want to accept cryptocurrencies, what cryptocurrencies do you want to support?Step 4: Build and Test with a Small AudienceWhen you build your marketplace, you will have to make a lot of decisions, but it is important to test with a small audience first. Find beta users and get their feedback. Beta users are people who are willing to try out the product before it gets released. They are similar to beta testers in software development. They will help you identify and fix bugs in your platform before you get a large audience. Besides, they can give you feedback on what they like and dislike about the product. Get feedback from beta users, and adapt your product accordingly. After you have tested the product with a small audience, you can proceed to the next step.Step 5: Get Feedback from UsersThe best way to create a successful marketplace is to get user feedback and use it to improve your product. You can conduct surveys to get feedback from the customers and use their insights to improve your product. Besides, social media is a great tool for getting feedback from users. You can post polls, images, and videos on your page, and you will get useful insights from the customers. Besides, it can also help you increase your brand awareness.Step 6: Grow Your AudienceThe best way to create a successful marketplace is to make sure it gets enough attention. Besides, you need to get people to use it and come back again. Getting new customers is hard, but it is even harder to keep them. It is better to focus on retaining the customers you already have. Besides, it is easier to get new customers if you already have a fanbase. There are different ways you can get more customers. You can create marketing campaigns and run ads on different platforms. You can also try influencer marketing. Besides, you can also invest in SEO and content marketing to get more customers organically.A new type of digital asset marketplace is popping up every now and then, and a lot of them fail. You can avoid making the same mistakes by following the six steps we have described above. If you design the marketplace based on the needs of your users and know the basics before you build, it will be easier to get more people to use it and come back again. Creating a successful marketplace is not an easy task, but it can bring great returns if you do it right.When to Use the NFT Marketplace Strategy?An NFT marketplace can be an excellent strategy for projects that want to integrate their platform with other ecosystems and raise their user base. The most obvious advantage of the NFT marketplace strategy is that it allows you to bring your platform to the market sooner than you would be able to if you were to build a more traditional marketplace from scratch. Another advantage of this strategy is that it allows you to partner with other platforms and expand the range of digital assets that are available on your platform. It also gives you the chance to offer your customers a wider selection of products, which may increase their level of satisfaction with your platform.How Does the NFT Marketplace Strategy Work?The NFT marketplace strategy is similar to the E-commerce strategy. However, in the case of an NFT marketplace, you don’t actually own any inventory. Instead, you simply provide a platform where users can trade digital assets. You may also offer some level of branding, customer service, or payment processing options. In order to make this work, you’ll need to partner with other platforms that have blockchain-based assets. You’ll then integrate the other platform into your own platform and allow users to exchange their tokens for your own tokens. This exchange of tokens is what allows your customer to use those assets within your own platform.The Pros and Cons of the NFT Marketplace StrategyProsConsNFT marketplaces allow you to increase the liquidity of your tokens by bringing tokens from other ecosystems onto your platform. This is easier than starting a platform from scratch.Integration with other blockchain-based platforms can be tricky. If you work with a partner with a reputation for being unprofessional or not delivering on its promises, it can be a problem for your entire platform.Using the NFT marketplace strategy, you can bring in partners that have existing user bases. This expands your customer base.Using the NFT marketplace strategy can have drawbacks such as diluting your token's ecosystem, making your tokens less valuable, or the customers being less likely to use your tokens.Early access to your platform is beneficial as it allows you to build up a user base before the platform goes live.Tips for Using the NFT Marketplace StrategyChoose partners carefully — In order to make the most of the NFT marketplace strategy, you’ll want to choose partners that are similarly focused on user satisfaction and ease of use. The last thing you want to do is bring a partner to your platform that might create confusion or inconvenience for your customers.Offer a wide variety of products — In order to make your NFT marketplace strategy successful, you’ll want to make sure that it offers a very wide selection of products. You don’t want your customers to be disappointed with the selection and decide to go to another platform.Keep the focus on your tokens — Even though you’ll have partners on your platform that use other tokens, you want to make sure that your platform is focused on your tokens. To do this, you may want to limit the time that partners can use their tokens within your platform.The NFT marketplace strategy is an excellent approach for projects that would like to integrate their token with other platforms and offer a wider selection of products to their customers. The main disadvantage of this strategy is that it can dilute your token’s ecosystem by bringing other tokens onto your platform. This means that you need to be extremely careful when choosing partners. With the right approach, an NFT marketplace can be an excellent way to expand your platform and bring it to a wider audience.ConclusionIf you want to succeed, you need to provide real value to your users. Digital assets are a promising direction in the world of online commerce. While the market is still young, it is a good idea to start developing your own marketplace today. When it comes, it will be easier to attract partners and integrate their tokens with your platform. At the same time, once you have partners, it will be easier to get other platforms to integrate with your marketplace.

28 Nov

If your retail business has an existing brick-and-mortar store, then you’re in luck. Creating a website to market your brand is much easier when you’ve got an established location. But what if you don’t have a physical store? How can you take your business to the next level with an e-commerce site? The answer: A website for your existing store. A website allows users to learn about your brand without having to meet you in person. An online presence also makes it easier for people who live far away from you to shop at your store and buy something from you again. Below, we’ll explore why making a website for your existing store is the perfect solution for businesses like yours, as well as some tips on how to get started right away.Going online: why you should make a website for an existing physical store?There are plenty of reasons why you would want to build an online presence for your existing store. Here are a few of the most important ones: Existing customers can shop from the comfort of their homes — People who have bought products from your store in the past, but couldn’t make it to the store again, can still purchase your products online. This increases the likelihood of them buying again.Customers who are trying your products for the first time can buy online, too — Customers can try out your products and decide if they like them without ever having to leave their house. This means a greater likelihood of repeat purchases. Expand your customer base to those who don’t live near you — Because your store is online, you can access a much larger customer base — even customers who live far from your store. This makes it easier to grow your business. Sell products through your website that you don’t have in your store — If you have a product line that is not available for in-store purchase, you can still sell it through your website. This is a great way to expand your product line.How a Website Supports an Existing StoreWhen building a website for your existing store, you want to ensure the site supports your in-store sales. This means the website should be designed in a way that’s consistent with your brand’s visual identity. It should also be easy to navigate and simple to use, much like your physical store. Websites that are designed this way make it easier for your current customers to navigate, while also making it easier for new customers to find you online. Another way to support your in-store sales is by offering same-day shipping. If someone purchases something from your online store and has it delivered to their home, this makes it much easier for them to shop with you again. They don’t have to wait weeks for their item to arrive, and they don’t have to worry about shipping costs, either. Same-day shipping is a great way to support your existing store sales, but it can be extremely difficult to pull off. If you want to achieve same-day shipping, you’ll probably need to partner with a third-party shipping organization, like DHL or FedEx.What to consider in web development for eCommerce sites?If you already have a physical store, but you’ve yet to launch an online presence, it’s important to partner with a professional web development firm. These firms specialize in creating online stores and come equipped with all the skills and expertise you need to make a successful website. Partnering with a web development firm will ensure that your online store is designed and built to support your in-store sales. It can help stand out from your competitors. A high-quality website designed by professionals will give your business an edge over other online retailers. Remember, though, that it will also put more pressure on you to deliver a high-quality product. If your website is designed beautifully, but your products fall short of customer expectations, your brand will suffer as a result.So, how much does it cost for web development for an eCommerce solution? We have summed up the approximate price in the table below.StagesTimeCost1UI/UX design280 hours$80002Front-end and back-end development640 hours$250003Testing240 hours$60004Creating technical documentation40 hours$1000Total1 200 hours (5 months)$40000‍If you want to build a successful eCommerce business, the first place to start is with a conversion-friendly website. According to HubSpot, businesses with high-quality websites get double the number of leads as those with low-quality sites. This website has to be an eCommerce site because it's important to be able to sell your products directly through your website. The perfect eCommerce website has three main components: user experience, design, and functionality. Let’s take a look at what makes the perfect eCommerce website and how to create one for your business.1. Safety & Security of a websiteIt's not just their computer that Internet users want to avoid catching a bug while browsing; they also want to avoid catching a bug while shopping online. Since you keep a lot of data about your products and customers on your eCommerce site, safety is a critical requirement. If you lose this information, you might permanently lose critical data or have your business put at risk. Your leads' contact information may be sold or stolen if you don't have SSL encryption on your site. Google, among other search engines, may flag your site as having a poor reputation if it's not well-secured. Google recently began displaying a warning to sites that lack an SSL certificate and an HTTPS connection. It's more than just a warning or a recommendation; visitors won't be able to access sites that lack these two components, and you might miss out on sales if your certificate has expired.2. User ExperienceThe first and most important aspect of creating the perfect eCommerce website is having a great user experience. A good user experience means that your website design, content, and flow will make it easy for your customer to find what they’re looking for. You’ll also want to make the payment process as easy as possible and avoid the annoying “terms and conditions” page on your website at all costs. A great user experience means that your eCommerce site will be easy to navigate, simple to use, and straightforward. This will not only help you avoid losing customers due to frustration, but it will boost your conversion rate as well. User experience is a big part of what makes an eCommerce site conversion-friendly and is the first thing you’ll want to consider when web development for an eCommerce website.3. Search box and faceted filtersEven if a website doesn't sell anything, people will still use the search box. An example of an advanced function is an image search, where users can send in a picture of an item they desire, and your search engine will attempt to find a similar item if not precisely the same one.Users who know what they want can be directed directly to it using a simple search, whereas those who aren't sure may need some inspiration based on browsing categories.4. Registration on a websiteIt's important to include guest checkouts in e-commerce website development and design. Some consumers appreciate it, while others like to register and store their personal information on the site. Guest checkouts are especially popular with consumers who want to buy products or services on the spot and pay for them. People who dislike lengthy registration forms are advised to avoid them. Customers who become regular customers are likely to register and benefit from repeat business benefits.5. Multiple payment optionsConsumers no longer feel comfortable settling for a single eCommerce payment option. Apple Pay, PayPal, and mobile wallets have changed the game. Ecommerce businesses must offer numerous payment alternatives to stay competitive. Nine out of ten consumers are quick to decide on a product because of its convenient and seamless payment options, which is why it's so critical that your eCommerce platform can work with multiple payment gateways.6. CMS integration and website speed optimizationWith a CMS, store and manage all your visual and written content, as well as your marketing materials, in one place. When you publish the website, changes will be automatically reflected. It can also enable you to respond rapidly to customer inquiries. You may use a free CMS such as OpenCart, or Magento. These open-source platforms can be integrated into site code.An eCommerce site development company may optimize your store to load faster, as this is one of Google's ranking criteria. According to Google's research, the bounce rate increases dramatically with every couple of seconds added to page load time.Let’s explore everything that you need to know, including the advantages and disadvantages of Shopify, WooCommerce, Custom CMS, and OpenCart.PlatformProsConsShopifyDoesn’t need any coding skills or design experienceAccess to a wide range of featuresUser-FriendlyAccess to many payment processorsMany available themesYou're limited in terms of design customizationIt can be expensivePayment processing and transaction feesNo access to email hostingNo access to marketing automationWooCommerceAdvanced features for larger online storesCustomer and store administrator accountThere is a ton of both free and paid WooCommerce themes availableThe setup process can be quite a pain for inexperienced usersYou won’t have central supportCustom CMSThe web developer will make all of your wishes come true if they’re doableIncreased securityYou can count on comprehensive documentation and support from the company that developsCustom website development can give you the power to rank your store higher on search enginesThe process of creating a custom CMS will take much longerOpenCartGives the option to create multiple users with different roles and privilegesGives the option of creating backups and restoring previous dataRun multiple shops from a single interfaceDoesn’t offer many templatesHas fewer plugins than other self-hosted platformsLimited features built-in and customer support7. Responsive web designAnother significant part of creating the perfect eCommerce website is having a great design. A great design can make all the difference between a customer choosing your site or one of your competitors. Having a great design on your website can boost your conversion rate by as much as 80% according to some estimates. An essential aspect of a great design is ensuring your website fits your brand’s identity. If your online shop looks completely different from your brand’s identity offline, you’ll lose your customers’ trust. You need to make sure that your online shop has the same visual style as your offline brand and products.8. Mobile functionality and optimizationYes, you need a great design for your eCommerce website, but it also needs to be functional. For example, if your website is too slow, it will be very hard to use and your conversion rate will suffer. If your website is hard to navigate, it might not be easy to find the products your customers are looking for. This can also hurt your conversion rate. You need to make sure that your eCommerce site is easy to use and functional. This will help your customers find what they’re looking for quickly and keep your conversion rate high. Another important aspect of having a functional website is having a good search feature. Without a good search feature, customers might have a hard time finding what they’re looking for. Having a bad search function can hurt your conversion rate.Don’t Forget About Mobile UsersAnother critical thing to consider when creating the perfect web development for an eCommerce website is that it needs to be easy for mobile users. These days, mobile users make up more than 50% of your website’s traffic. That number is only going to rise as more and more people use smartphones. If you want to boost your conversion rate, you need to make sure that your eCommerce site is easy to use on a mobile device. If your website is hard to navigate on a smartphone, your mobile visitors will likely leave your site. This can drastically lower your conversion rate. So, make sure that your eCommerce site is easy to use on a mobile device. You can do this by making sure your website content is simple. You can also make your website responsive, which means it will automatically adjust to fit the screen on any device. This is a great way to make sure that your features for the eCommerce site are easy to use on all devices.9. Social media integrationSocial media is one of the most important ways to connect with customers in today’s competitive eCommerce world. It allows you to build brand awareness, drive sales and engage with your audience for free. There are many types of social media sites, including Facebook, Twitter, TikTok, and Instagram. Each has its advantages and disadvantages.It’s influential to choose the right platform for your business. For example, a clothing store might be better off using Instagram because it’s more visual and allows you to post images that are easy to share online. A furniture shop, on the other hand, should probably stick with Facebook since it’s a more passive way to reach customers and build relationships. The right social media strategy will depend on your product and target audience.ConclusionBuilding a website for your existing store is a great way to stand out in a crowded online marketplace. It will also make it easier for you to access customers who live far away from your store. Once your site is online, it will be easier for you to deliver your products, accept online payments, and generate more sales in other ways, too.

31 Oct

In the fast-paced world of blockchain, keeping up with the latest trends can be challenging. To stay ahead of the game, many companies are starting to develop their blockchain solutions. But developing a new software solution is much more challenging than most people realize. To successfully launch your blockchain project and get your white paper read by potential users and investors, you need to first think strategically about why you’re launching it in the first place. After all, not every project needs its blockchain. Before diving into development details and coding phases, you should have a firm understanding of what issue you’re solving with an independent blockchain. Then, once you’ve settled on these details and outlined your scope — you can get started on developing your white paper!What is white paper?White paper is an in-depth document that explains your product, its features, how it works, and the benefits it can provide to users. This is one of the most effective ways to inform your audience about your blockchain project.A white paper can help you to achieve the following goals:Start a conversation with potential customers. Establish your brand as an expert in the blockchain industry. Help businesses and investors understand the value of your blockchain project. Create a clear outline of your business model and overall strategy. Provide transparency to potential token holders. Increase your traffic and leads through the website.A white paper is an effective tool to help spread awareness about your blockchain project. It allows you to explain your product in detail and create a solid foundation for your venture. A good white paper can help you connect with your audience, attract new customers, and even generate leads.Creating a Solid Foundation for your Blockchain ProjectBefore you create a white paper for your blockchain project, you have to understand its purpose. This document should explain why your product is necessary, what problem it solves, and how it works. You also need to provide a detailed overview of your team and why they’re qualified to deliver such a solution. You need to identify your target audience and explain how your project can benefit them. Several components make up a solid foundation for your blockchain project. They include: Problem and solution – Solution overview – Why blockchain – Team – Marketing strategy – Token distribution – Roadmap Conclusion Problem and solution — Before creating a white paper, try to analyze the issues that your product is solving. In this section, you have to explain why the concern is important to solve and how your product can solve it.Solution overview — Provide an overview of how your solution works. This includes the various stages of the process, how it integrates with other systems, and how it can benefit various stakeholders. Why blockchain — This is one of the most significant sections in your white paper because you have to explain why blockchain is necessary for your product. You may also include information about the benefits of using blockchain technology.Team — A strong team with experience in the industry is essential for any project to succeed. Having a team that is qualified, experienced, and believes in what they’re doing is crucial. You also need to explain why each member is essential to the development of your project. Marketing strategy — It is crucial to have a marketing strategy in place before you start promoting your new product. In this section, explain how you’re going to spread awareness about your blockchain project.Token distribution — Token distribution can play an important role in the success of your blockchain project. In this section, try to explain the various aspects of token distribution, including the type of token, the token supply, the token value, and the token exchange.Roadmap — The roadmap is a future-oriented representation of the project. In this section, try to outline your plans and how you’re going to achieve success.Conclusion — The conclusion provides a final summary of your product, including the advantages and disadvantages. It also explains how readers can benefit from your product.White paper writing tips:Define the goals of your white paper. When you know what you want to achieve with your white paper, it becomes easier to write it. Also, you may use this goal to evaluate the success of your white paper. Use different formats to engage readers. It is possible to write your white paper in an FAQ, an open letter to your customers, an interview with your team, or even an e-book.Create a narrative with a clear beginning, middle, and end. Your white paper should have a clear structure, with an interesting beginning and an engaging storyline.Include relevant information, graphs, and visuals. Your white paper should be easy to read, but it should also contain interesting facts and figures. Visuals will increase the engagement of your readers, so make sure to include them in your white paper.Tip 1: The best structure for white paperThere are many ways to structure your white paper, but one of the most effective is by using an inverted pyramid. An inverted pyramid starts with the summarized conclusion and gets more in-depth as you move down the document. An inverted pyramid also uses subheadings to break up the document into smaller sections for easier reading.Define your objectiveWith so many industries and topics to cover, it’s important to define your objective. The way your white paper is structured is meant to make sure that readers get a specific idea or message from your document. Your objective should be measurable and specific enough so that you can see how much progress you want to make toward reaching your goal. It shouldn’t be too general or specific so that you end up writing a document that’s much less impactful than you intended.What is your audience?This is the bread and butter of your white paper. What is your audience? What problem does your white paper solve? Why do your readers need your product or service? Weigh these questions carefully, because they will determine the type of audience that your white paper should be aimed at solving.Identify the topics you’ll coverFor each section of your white paper, identify the topics that you plan to cover. What are the main points of each section? Is each section of your paper structured to give potential readers a clear understanding of the topic and the implications of your research?Lay out your content in order of importanceAfter you’ve defined and selected your topics, it’s time to lay out your content in order of importance. Start with the easiest topics and work your way down the list. The hardest topics should be last. Whenever you have a choice between writing about two equally important topics, choose the one with the greater importance. This is critical because the more impactful your paper is, the more readers will remember and react to it.Summing upAt the end of your white paper, tie together your main points with a summary. This is the culmination of everything you’ve written in your paper and gives readers a quick overview of both the benefits of your product and the steps you plan to take to bring those benefits to fruition. Focus on one or two key benefits of your product or service, and then deliver concrete details about what your plan is for achieving those benefits. If you want to go even deeper, you can always publish a follow-up white paper.So what is the best way to structure a documentIt’s influential to remember that a white paper is meant to be read by one person at a time. If the structure of your paper is off, readers will likely lose interest very quickly if they have to slog through pages of unhelpful abstractions before they reach the point they were looking for. The best way to structure a white paper is to provide a summary of each of your major points, followed by a list of the actions you plan to take to realize those points. You can also break your paper up into smaller sections to make it easier to read and make use of the multiple levels of subheadings to break up your content into smaller chunks.Tip 2: The ideal length of a white paperLet’s face it: there are so many white paper topics floating around the internet these days that some of them begin to feel like spam. If you want your white paper to stand out as something special and not just another piece of content in your prospect’s inbox, you need to make it stand out from the rest. Why is Length Important?Although you may believe your white paper is incredibly compelling and that it offers a ton of value to your readers, if this is way too long, your prospect may not get through the entire thing. If it’s too long, you run the risk of losing them at the beginning, since they may not have the time or patience to read an entire long white paper. If your prospect is skimming your white paper because it’s too long, they probably aren’t getting the information they need. If they skim the paper, they probably aren’t getting the information they want. If they aren’t getting the information they want, there’s no reason for them to engage with you or your business. Length matters!How Long a White Paper Should Be?There’s no hard and fast rule for how long a white paper should be. As with most things in marketing, it depends on your goals and your target audience’s needs. To determine the ideal length for your paper, you first need to decide what the paper is trying to accomplish. For example, if your paper is intended to drive leads and build your mailing list, you may want it to include a call-to-action to sign up for your email list. If your paper is meant to educate your audience on the benefits of your product, service, or business model and why they should choose your product over others like it, then a white paper would be an excellent choice. If you’re not sure what type of paper you should write, you can always use a SWOT analysis.4 Advices to Help You Decide the Ideal Length for Your White PaperLead with the problem your paper solves — When you lead with the problems your audience faces, you let them know the value of your paper immediately and grab their attentionThink about the length of your product or service — If you’re creating a white paper to explain the benefits of your product, you want it to be long enough that you can thoroughly explain its features and uses. But you don’t want it to be too long, because no one wants to read a 10,000-word product description. Choose an appropriate format for your audience — While all white papers are about the same thing — the merits of your product or service — they are delivered in different formats.Ask yourself, “What do my readers need?” — If your paper is meant to educate your readers on a particular topic, then you want to make sure they get the information they need.3 Key Ingredients to Ensure a Great White Paper ExperienceCustomers must trust your brand and trust that the value of your paper will exceed the time and effort invested in reading it.Prospects must feel like they get value from your paper.Customers must feel compelled to share your papers with others.2 Recommendations for Excellent White PapersResearching the subject thoroughly — You want to make sure your paper is as accurate as possible. If you make erroneous claims or if your paper is full of errors, your readers will lose trust in your brand and your paper.Creating a visually appealing paper — Your paper should be formatted in a way that is easy to read and understand. It should also be visually appealing so to want to read it.Tip 3: Find an expert in the field of your white paperA well-executed white paper should also give you more visibility in the industry, as it creates new opportunities for you to get quoted and interviewed as an expert. However, most people struggle to find experts to interview for their white papers. You may ask: Where do I find these people? How can I get them to agree to be interviewed? Do they need something from me that would make them willing to participate? And if not, how can I initiate contact and pitch my idea for a white paper at the same time? Finding the right people to interview for your white paper is one of the hardest parts of this processNarrow down your topic before reaching out to potential expertsFirst, you have to make sure you are reaching out to the right people. This includes making sure the topic of your white paper is relevant and interesting to the people you reach out to. We’ve all heard the advice that you should follow your passion and find your true calling. While passion is undoubtedly important, keep in mind that to make a living with what you’re passionate about. In other words, you don’t want to spend your days working on something that only brings you joy. You want to spend your time on things that bring in money and provide value for other people as well. To find the right people to interview for your white paper, start by thinking about what problem your white paper will solve. What issue do you want to help people overcome? What question do you want to answer? This will narrow down the topic to something specific.Reach out to people you know firstThis is the first step in any kind of outreach campaign. It’s a great way to find experts to interview for your white paper because it allows you to reach out to people you know personally. This is the best option if you want to be certain that the person you interview is willing to be interviewed. Knowing each other already means that you don’t have to make a sales pitch or convince the person to participate. You can simply reach out to them and ask if they’d be willing to be interviewed for your white paper. If you want to increase your chances of getting a “yes”, make sure that you ask the person for help first. One way of doing this is by asking your friend to recommend someone who’d be a good fit for your white paper.Find the right people using a research toolIf you can’t find the right people to interview for your white paper by reaching out to your existing network, you can use a research tool to expand your search radius to include people who are less likely to know you. There are three main ways to find experts to interview for your white paper — via social media, search engines, and industry conferences. You can find potential experts on social media by searching for relevant hashtags and groups that you can join and start engaging with. You can also use a social media management tool to search for experts in your industry by typing their names into the search bar or choosing a “people” search type. The second way to find experts is by using search engines like Google. Use Google’s search operators to find people who are connected with your industry and would be willing to be interviewed for your white paper. Finally, try to get in touch with people through conferences. Conferences are a great way to get in touch with experts in your industry and learn from them. The search engine allows you to find conferences that are related to your industry.Ask current interviewees if they know others you can interviewIf you’ve reached out to people and pitched your idea for a white paper and are still struggling to find experts to interview for your white paper, there’s one thing you can do — ask your existing interviewees if they know people who would be a good fit for your white paper. This can be a great way to get in touch with potential experts who are also willing to be interviewed. There are two ways of doing this — you can ask your current interviewees upfront if they know anyone who would be a good fit for your white paper. Another option is to wait until you’re done interviewing and then reach out and ask your current interviewees if they know anyone else you should include in your white paper.Try using a services platform like Expert FinderIf you’ve tried everything we’ve discussed so far and are still struggling to find experts to interview for your white paper, there’s one last way you can find them — by using a service platform like Expert Finder. There are several online marketplaces where you can search for experts who specialize in a wide range of topics and are willing to be interviewed for your white paper. There are a few things you should keep in mind before you go ahead and use a services platform to find experts for your white paper. First, make sure you understand how the platform works. Get in touch with previous customers who can tell you how the process works. One thing to keep in mind is that not all platforms are created equally. Some are better than others, so pay attention to using a quality platform that has a good reputation and is easy to use.Use Google search and LinkedIn to find prospects yourselfThere’s one final thing you can do — use Google search and LinkedIn to find prospects yourself. This is the last thing you should try if you’ve tried all the other ways of finding experts and are still struggling to find them. If you use Google search, you can search for topics related to your white paper and then see who has written articles on these topics. You can then reach out to these people and pitch your idea for a white paper. You can also use LinkedIn to find potential experts to interview for your white paper. LinkedIn is a great place to find experts because it allows you to discover people who are interested in your topic and are willing to be interviewed for your white paper. To find potential experts, you have to first create your public profile. Then, use LinkedIn’s search and outreach features to search for people and pitch your idea for a white paper.Tip 4: Make in-depth research for the white paperA successful white paper relies on research techniques such as interviews, focus groups, surveys, document analysis, and user testing.Conduct interviewsInterviews are an excellent way to learn about your audience. With them, you can discuss your white paper topic in-depth and also get feedback on your product. To find people to interview, look for experts in your field and bloggers who have written about similar topics. You can also reach out to people who have commented on your content or are in your niche on social media. Make sure to ask them if they’d be willing to be interviewed. If they say yes, follow these tips to conduct a successful interview. Develop a script — Make sure you’re prepared with a list of questions. You don’t want to be thrown off if the interview takes a different direction. Interview in person — You’ll get better results if you interview in person rather than over the phone or with an online survey. Have guidelines for the interview — Let your interviewee know how long the interview will be, what the goal is, and what you’re hoping to get out of it. Write up a summary — After you’ve interviewed your guest, write up a summary of the interview. This is especially helpful if you’ve interviewed more than one person.Run a surveyAnother way to get feedback on your white paper topic is by conducting a survey. You can put your survey online or create a paper survey. You’ll want to make sure your survey is short and sweet. It should take no more than 5 minutes to complete. You might want to survey more than one group. If you’re surveying your current customers, you may want to survey both current customers and potential customers to get different perspectives.Do document analysisDocument analysis can be a great method for researching your white paper topic if you’re looking for reading material that’s already published. This method involves analyzing documents like studies, reports, industry statistics, economic forecasts, and other data that have already been compiled by experts. You can find your reading material by searching online or checking with your local library. Document analysis is especially helpful if you’re researching a topic that’s hard to find information on.Hold a focus groupA focus group is a great way to find out what your target audience is interested in and what they want to see in your white paper. You can either invite people to a face-to-face meeting or host an online meeting via platforms like Zoom. Once your group has been assembled, ask them questions about your white paper topic, your product, and what they’d like to see in it. You can also do some polling and ask members to rank items on a scale from 1-10 or 1-5.User test your white paper topicYou can also test your white paper topic by creating a prototype and user-testing it. This method is a great way to find out if your topic is interesting and useful. To do it, create a prototype of your white paper and get feedback from users. You can have someone participate in a moderated usability test or have them fill out a survey after reading your white paper prototype. You can also have someone read your white paper online and provide written feedback about what they liked and didn’t like.Wrapping upCreating a white paper is a challenging process. However, it’s a worthwhile effort that can help you build your brand and generate leads. Before you get started, make sure you’re prepared with a good topic and plenty of research to back it up. Create a plan for your research and stick to it, and you’ll have plenty of information to work with when it comes time to write your white paper.Tip 5: Existing templates for white papersIt is invaluable to base your ICO white paper on a template used in previous successful ICOs. Ethereum has been the biggest of the 10 most successful ICOs ever and therefore provides an excellent template.The ICO white paper is well written, so it should be the first ICO white paper template you consider. Remember, though, that these are just examples. Your white paper should stand out, so make it unique.Ethereum White PaperAlthough this paper is still an exceptional example of a white paper, it has become a much-copied format, so investors will not be as impressed as they were the first time around.Note how well this white paper is presented. It includes quick-access links to each of the appropriate sections, as well as all the details I have given above.The introduction is engaging and includes the clever use of dramatic language to lure customers. It defines the project and lists potential consumer groups. While listing various applications, it tantalizingly states, “among many others that we have not yet thought of.”Investors become hungry to invest in a platform after seeing the vision statement because they believe that the project managers understand their market well.Despite a large amount of information in this white paper, it is written quite well. The inclusion of diagrams, lists, and code helps readers to understand Ethereum and why it is such a good solution.The paper ends with links to additional information that helps to fill in any gaps that it did not have time to address.ICONOMI White PaperThe Ethereum white paper contains all the information an investor needs to decide whether to invest in an ICO project. However, some companies may find the volume of information too much to handle without any guarantee of ICO success.ICONOMI proved that it is possible to produce a white paper for an ICO with much less technical information included. Their 2016 ICO raised over $10.5 Million, becoming the 11th most successful ICO ever.It covers all the points listed in this article and entices investors by using dramatic language and examples. Because this project is of a different sort, much of the technical information has been removed (because this paper aims to list objectives and targets that the project expects to achieve).Before showing how a project meets market needs, the white paper establishes those needs. Throughout the paper, the project's unique advantages are reinforced so that investors are certain that this is the one that will succeed by the end.Tip 6: Enrich the visuals of a white paperDo you find that white papers are often overlooked and underutilized? Many businesses create them to help drive lead generation, but they’re not always as effective as they could be. White papers are one of the most common pieces of marketing content available today. However, they’ve also got some stiff competition. If your white paper isn’t cutting through the noise, it might be time to take a critical look at how you’ve crafted it so far. There are many ways to improve your white paper’s effectiveness by adding visual aids and other features that may not have occurred to you before.Define Your Audience and Why They Need Your ProductAt the outset of your white paper, before any of the meatier topics are discussed, you should identify the target audience of your white paper. It better tailors your message to this specific group of people, and you may craft a message that resonates with them. You can add a section where you outline who this audience is and what their pain points are. This will contextualize how your white paper can help them. If you don’t define who your white paper is for upfront, you risk losing your audience before you even get to the good stuff. The same goes for why your product or service exists. You need to clearly outline what problem it solves for your audience as well.The show, Don’t TellThis a common piece of advice given to budding writers, but one that also applies to white papers, shows, and doesn’t tell. This is especially important when you’re outlining the pain points of your target audience. You don’t have to write out a long paragraph explaining the pain points of your target audience. There are several other ways to show these pain points and make them more relatable. One way to show how your product solves a pain point is via data or examples. Provide statistics or examples of how your product has helped other customers in the past. Another way is to show how your product solves a problem practically, visually, or by using metaphors. Another great way to show, not tell, is to use infographics.Add Rich MediaRich media, like data, is another great way to show, not tell. Data is one of the most common types of rich media, but there are many others. You can add images, videos, graphs, and other types of visuals to your white paper. When you add rich media to your white paper, you’re giving your readers a more immersive experience. This helps them to better visualize the points you’re trying to make and remember your white paper more effectively. You can also add links to additional content or resources in your white paper, which will help to further your objectives for the paper and engage your readers.Use InfographicsAnother great way to add rich media to your white paper is by using infographics. An infographic is a visual representation of data or information that is often presented in a chart or graph format. You can use an infographic to break down complex data points or explain how your product works. Infographics are a common tool used in marketing because they’re highly effective. They’re a great way to add visuals to your white paper because they are often more memorable than other types of rich media like graphs or charts.And More!Lastly, you can use storytelling, interactive content, quizzes, polls, or other interactive elements to add more to your white paper. You can use these elements to help keep your readers engaged and help them better remember your white paper. Storytelling, interactive content, and polls are great ways to show how your product or service helps customers. With marketing content like white papers, you want to do everything in your power to make them as effective as possible. Using visuals and other elements in your white paper can help you to achieve this goal. White papers are an excellent way to drive lead generation. However, they’re not always as effective as they could be. These tips will help you improve your white paper and maximize its effectiveness so that you can reach more people and grow your business.Tip 7: Effective distribution of a white paperIn the age of social media, one negative tweet or Facebook post can destroy your company’s reputation almost instantly. This is why it’s so important to think outside the box when it comes to lead generation strategies. How you market your business, brand, and products will have a direct impact on how successful you are as a company.Why Lead With a White Paper?As we’ve already discussed, white papers are a great way to position yourself as an industry leader. Additionally, they have some other benefits:Informative: White papers offer readers a comprehensive overview of the challenges they face and how your product or service can help solve them.Long-form: White papers are long-form content and can run for thousands of words in length. This means readers can learn everything they need to know about your product/service in one place. Written by industry experts: When you write a white paper, you’re not just sharing your product/service, you’re also sharing your expertise and knowledge. This can help readers learn from your mistakes and avoid making costly errors themselves.High-value: Readers are attracted to white papers because they’re high-value pieces of content. When compared to other lead generation strategies, white papers provide a ton of value for very little effort.3 Easy Ways to Distribute Your White PaperThere are many ways to distribute your white paper. Some are more effective than others, though. Here are a few ways you can effectively distribute your white paper and increase your lead generation. Give a free copy away. One of the best ways to distribute your white paper is by giving it away for free. Why not do this by hosting a webinar, publishing a PDF on your website, or distributing it via email? When distributing your white paper for free, make sure it’s accessible to as many people as possible. Include it in your email marketing campaigns. Another excellent way to distribute your white paper is by including it in your email marketing campaigns. This will ensure your white paper reaches the inboxes of potentially thousands of people. Host a webinar and make it the focus. If you want to distribute your white paper and generate leads at the same time, consider hosting a webinar. Use the webinar as a vehicle for distributing your white paper and invite interested parties to download it during the call.Conclusion: what is the main goal of a white paper?A white paper is an important tool for any blockchain project. It can help you engage your audience, establish your brand as an expert in the industry, and create a clear outline of your business model and strategy. It’s essential to create a solid foundation for your project before writing a white paper. With the help of this article, you can understand how to write a white paper for your blockchain project. Now, it’s time to write an engaging and informative white paper for your project.

18 Oct

Blockchain is a game-changing technology that has the potential to disrupt many industries. It can help users trust each other and transact safely, without intermediaries. The ecosystem is still growing and evolving, which means there’s no single best framework for developing a blockchain app at this point in time. However, developers are choosing between two popular front-end frameworks for building blockchain apps: Angular or React. Which one should you use for your project? This blog post will explore some key differences between Angular and React with respect to these two approaches to building user interfaces.What is Angular?Angular is a front-end framework for building web applications in a declarative, two-way data-binding way. It offers a lot of functionality and is a very powerful tool; it’s also very popular and has a strong community and ecosystem. Angular is basically a set of components and a very opinionated way to structure an application. It has a lot of functionality out of the box: routing, modules, and so on. Basically, you can run an application out of the box. However, the downside is that you have to follow the structure that’s given to you. You have to use all the features. And, if you want to add custom functionality, you may need to rewrite some components.What is React?React is a view library that takes a single-page application approach. The view layer of a web application is the focus of React. React is often used with other libraries such as GraphQL and Redux for building single-page applications. The view library is very modular and focused on composability. If you want to write some custom functionality or add some features to your application, you can just write it as a separate piece of code and compose it with the existing components. This makes it easier to write new features because you don’t have to follow a specific structure or rewrite existing code.Angular vs. React Quick ComparisonLet’s take a look at how these two frameworks compare. The following are some key differences between Angular and React.Architecture & Ecosystem: This is one of the most important aspects to consider when choosing between Angular and React. React is a library, while Angular is a full-blown framework. This means that you get everything that comes with a full-blown framework with Angular — tools, documentation, and community support — but you have to add the view layer with React.Learning Curve: Both Angular and React take a bit of time to learn, but React’s single-page application approach makes it easier to master because you don’t have to learn to route. The overall learning curve for React is also typically steeper, but this is because the basic concepts are more difficult to grasp. Once you get the hang of things, however, React is definitely easier to use. It’s also worth noting that Angular is more opinionated while React is more open-ended, which gives you more flexibility.Performance: This depends on the app’s requirements and other factors like the data fetching strategy. Angular has a strong view of the application’s architecture, so it can render only the pieces of the page that are necessary. React, on the other hand, is a flexible library that lets you decide what to render, which means it can be slower at times.QA Testing: Since Angular is a full framework, it has testing tools built in. React has testing tools, but they are not built into the framework. You can expect to spend more time and effort testing apps built with React. Code Quality: Angular is a full-blown, opinionated framework, and React is a flexible view library. This means that you get more structure with Angular, which makes it easier to maintain and scale your application. React, on the other hand, is more flexible, but it’s easier to write bad code with it.Key FeaturesAngularReactBuilt-in support for AJAX, HTTP, and Observable are just a few of Angular’s highlightsReact’s key features include the ability to use third-party librariesIn line with current technologiesTime-SavingTypescript is a time-savingComposability and SimplicityCoding that is more clear and conciseFacebook is fully behind youError-handling support has been improvedImproved user experience and lightning-fast speedAngular CLI allows for seamless updatesMore rapid developmentValidation and formsOne-directional data binding provides code stabilityLocal CSS / shadow DOMComponents in ReactStrengths and weaknesses of Angular vs ReactEvery well-known application is capable of being balanced with the performance and features provided by this framework. Let's look at React vs Angular strengths and weaknesses.There are many advantages to using React.The development pace of React.js applications is relatively fast because developers can use the same development code snippet either on the client side or server side.The React code is modular and easy to maintain, which saves development time and business costs.It's straightforward to master and operate React with a prior fundamental understanding of JavaScript.The purpose of this language is to create performant and high-performing applications. Because of the DOM program and server-side rendering, complex applications will be high-speed and performant.The most significant benefit of React is that it provides reusable components, so developers don't have to write the same code again to achieve the same result.Angular provides several advantages.Angular's enhanced design structure enables developers to manage multiple components in an application. It is easy to identify functionality and purpose.AngularJS' dependency handling is one of its essential advantages. It provides supreme dependency injection.Angular's MVC structure makes for speedy app development, testing, and maintenance. Developers benefit from this speed as well.Angular offers unique code re-usability because once you finish developing a component or piece of code for a specific purpose, you can utilize it anywhere else for another purpose.You can use and write components anytime and anywhere with plug & play components.Angular allows you to manage the state of your app, which in turn allows you to manage the app's properties, permissions, and other state-related issues.There are several similarities between Angular and ReactThere are many similarities and differences between React and Angular, but before we look at those, let's take a moment to consider the commonalities.Designing buildingsComponents within Angular and React's component-based architectures can be endlessly recycled and reused.To be well-likedThere is an extensive community of developers and resources available for assistance with a faster and easier development process for SPAs using React or Angular.Multiple performances are performed at different timesPerformance is also crucial for both React and Angular. Whether the remaining performance is adequate depends on the user's perspective.Setting up a development environment and performing renderingAngular and React are popular front-end frameworks. Both are suitable for web and mobile application development, providing efficient client-side and server-side rendering.It's simple to updateAngular and React are both simple to update. On one hand, Angular uses the CLI, while React takes advantage of external libraries.Which one is faster: Angular or React?The performance of ReactJS is excellentWhile Angular has a virtual DOM, it is much smaller than React. As a result, Angular components take longer to render than React components. React uses a faster frame rate for its render and update methods. Angular uses dirty checking to update the DOM locks. Every time a component element is manipulated, the Chrome Dev Tools show that Angular updates the DOM.How fast AngularJS runsEvery binding is usually monitored in order to record all the modifications. Consequently, the loop continues until all the bound values and monitors are checked. This makes the process quite tedious. Although the explanation is straightforward- the more bindings you have, the more monitors are generated.Angular has improved tremendously with the latest release, Angular 14. Therefore, Angular is still superior to React. However, the disparity between angular and react remains significant.Performance in numbersIn this section, we compare how Angular and React perform different tasks. This shows us how each of these technologies will work.ActionAngularReactLoading10ms7msScripting173ms102msRendering3ms6msPainting2ms4msSystem73ms129msIdol3034ms3042msTotal3295ms3289msAngular and ReactJS Use CasesAlthough both Angular and React are popular front-end frameworks, their use cases are quite different. React is often used for building websites and developing web applications, while Angular is a popular choice for building mobile and progressive web apps (PWAs). Angular is based on the concept of a “SPA” (single page app), which is a specific implementation of a website where the entire site is rendered on a single page without the need to reload the page. Angular is widely used for building SPAs. React, on the other hand, is typically used for building websites where each page is refreshed automatically to display new content when a user clicks on a link. React is not designed for building SPAs, but it can be used to build hybrid apps and PWAs.QA Testing in Angular & ReactQA testing is one of the most important aspects of building quality software. In the context of front-end development, testing means writing code to check if your code is working as intended. Testing can be done in many ways, including both automated and manual testing. Automated testing is done with the help of code, and manual testing is done through visual means (such as clicking on buttons and checking if the desired result is achieved). Automated testing can be done with many programming languages, but it’s often done with JavaScript, which is the language used most commonly in Angular and Reacts. When it comes to testing, Angular and React are very different. React is a test-first framework, which means that the developers write their tests first, then write their code. This approach results in well-tested code that is easier to maintain. In contrast, Angular is more of an exploratory testing approach, where the developers write their tests after they’ve written their code. This means that their tests will be more difficult to maintain.A comparison between Angular and React testsIt's time to test that React app.React runs test suites continuously throughout development as part of its continuous testing process. Test runners such as Ava, Jest, and Mocha are included, which allow tests to be executed as the development process runs. Jest is highly compatible with a range of features including timers, mocked modules, and Jsdm support, which is why this is the case.Furthermore, Mocha adequately fulfills browser-specific demands, thus supporting realistic simulations.Enzyme is a React testing utility that allows you to assert, manipulate, and traverse your components' output. Enzyme's API is simple and concise, allowing you to describe what your component produces. Jest is a testing framework for React that allows you to test your code utilizing JavaScript. It's simple to get started with, but may be extensively customized. You may also integrate Enzyme into your existing test setup by using enzyme-to-jest or enzyme-to-karma.Testing an Angular application.The Angular testing framework is best utilized by writing tests before any code is written. Once tests are written, development becomes far more predictable and easier to maintain. By writing tests first, you can see if your code is functioning as intended and whether it addresses the issue.A comparison of Angular and React performanceSmaller bundle sizes load faster, resulting in higher rankings and conversion rates. The search engine downloads the bundle file immediately upon reaching your website, so it's important to optimize it.When you build an Angular SPA, the development utilities and unused modules are left out. Angular does not include the complete bundle of Angular frameworks in the user app. It performs additional optimizations via compressions and minifications after that, resulting in a large reduction in bundle size. Using a compiler when developing your SPA with Angular speeds up bundle file compilation. Therefore, you can rank your Angular application using the CLI production mode.You don’t get such options to optimize the bundle file with React. You get hints for components, but you must always check the size of your bundle.For Code Quality: Angular or React?Depending on what your main focus is, you need to choose the right tool. If you’re focused on code quality and maintainability, go with React. If you want a more straightforward workflow, go with Angular. It’s important to keep in mind that a lot of this decision depends on personal preference and what your team’s experience is with each technology. There are a few things that you can check to get a better idea of the code quality of each framework. The first thing to check is how extensively the framework is tested. The higher the test coverage, the better the code quality. Another thing to check is the size of the framework itself. The larger the framework, the more complex it usually is. If you have a large team that is distributed across different time zones, you might want to decide on a smaller framework such as React. On the other hand, if you’re building a small app that only has a few people working on it, you might want to choose Angular, which is larger and more complex. Another way to determine code quality is to take a look at the open source repos for each framework and see how well-written they are. This might not be the most scientific way to check, but it can give you a general idea of each framework’s code quality.Compare the maintainability of the codeThe purest deed in the bible of developers is having a standard practice of overall code maintainability. Organizing the complexity of code structures in different program files and managing the naming conventions is a demanding task.Writing clean code is important to React developers, but the process slows down production time. In any event, they can write precisely correct code that operates on small modules. React allows developers to split up their code in such a way that machines can utilize it. Using React enables developers to create reusable components, which, consequently, encourages code reusability. It allows them to create custom ReactJS components with unique names that are simple to render.Angular saves developers from creating mismanaged and disparate code by providing Maintainable JavaScript. Angular saves developers time by providing HTML extensions and component re-usability.Are Angular and React sufficient on their own, or do they require external libraries?React is a JS library that is best for UI development. Due to its versatility, additional libraries might be required to optimize state management, routing, and API interaction, such as Redux, React Router, or Helmet. Additional modules or libraries should be installed for data binding, component-based routing, project generation, form validation, or dependency injection, for example.All the features mentioned above, such as data binding, component-based routing, project generation, form validation, and dependency injection—can be accomplished using Angular's library. However, Angular is a comprehensive software development kit that does not require additional libraries.Maintainability of Code: Angular vs ReactAs we mentioned earlier, one of the big differences between Angular and React is that Angular is an end-to-end solution, while React is only a front-end solution. Angular, therefore, is more of a framework, while React is only a library. This means that if your blockchain app needs to connect to a database, you need to integrate a different framework like GraphQL. This means that you’ll have to do a lot of extra work to get all the different components working together. On the other hand, if you’re using Angular, you’ll get all of these components as part of the Angular framework. This can make Angular a more complicated solution because now everything is in one big code base. When you need to make changes to something, you’ll have to change it in many places. This can make the codebase harder to maintain. This is where React comes in. React is just a library, so you have a separate code base for each component. This makes it easier to update and maintain. This is especially important when your app is in production, and you need to make changes quickly. Another thing to keep in mind when choosing between Angular and React is that you’ll likely end up using a combination of both for your project. Almost no one uses just Angular or just React. A lot of people will use both together to build a single application.Angular and React are used for different purposesLarge-scale applications can be developed using AngularJS, but if you want to create a custom application with specific requirements, you should decide on ReactJS.Angular is widely usedAngular can be a great alternative if you're looking to build e-commerce platforms, real-time data applications, or user-generated content hubs. You can rely on PayPal for the most effective checkout system, Upwork for smooth functionality, Localities for an exceptional UI, Forbes, Nike, and HBO for example, for quality.A list of well-known React applicationsYou can select React if you want to construct Data Visualization Tools or Dashboards, Social Networks, Retail or E-commerce, or Cross-Platform Mobile Applications. The Netflix streaming platform performance and modularization, as well as the unique celebrity appearance version of The New York Times, are just a few examples.Angular and Blockchain: Pros and ConsLet’s start with Angular and its potential benefits when used to build a blockchain application.Angular’s Strengths Large Community — The first advantage of building a blockchain app with Angular is that it has a large community, which can help you find support, new ideas, and solutions to problems faster. Compared to React, you may find that you have more options for finding a team that knows how to use Angular, as well as more open positions for Angular developers.Superior Performance — Next to React, Angular is the most popular choice for large enterprise applications that are used by millions of users each day. It can easily handle complex, multithreaded data flows, which can be challenging to implement with React.Robust UI Libraries — Related to its enterprise-grade capabilities, Angular comes with robust UI libraries. This means that when you build a blockchain app with Angular, you can also take advantage of its pre-built UI components. This can make the design and development process more efficient, especially if you’re building an app with a team of designers and developers.Angular’s WeaknessesComplexity — Angular can help you build a blockchain app quickly and efficiently, but with its simplicity comes a certain level of complexity. It has a steep learning curve, especially if you’re new to the ecosystem, and can be challenging for beginners to get a grasp on.Poor SEO — Angular can help you build a blockchain app that’s rich in features, but it may not be the best option for you if you’re concerned about the app’s SEO. Because it’s so complex, it’s harder to write clean, easy-to-read code, which is significant for SEO ranking. Lack of Platform Standards — Because Angular is so widely used, there are very few standards regarding application architecture. This can lead to inconsistencies across teams and projects, making it harder to collaborate.React and Blockchain: Pros and ConsNext, let’s explore some key advantages of building a blockchain app with React.React’s StrengthsEase of Learning — React is a simple framework that can help you build a blockchain app quickly and efficiently. It’s straightforward enough to be easily digestible by beginners.Flexibility — React is one of the most flexible front-end frameworks you can use to build blockchain apps. It’s designed with the idea that each piece of functionality can be used and reused in many contexts. This means that whenever you need to make a change, it will be much easier to do so than with Angular.Excellent for Learning — Finally, if you’re just starting out with blockchain development, React is a great option for you. It has a very active community of developers, which can help you learn the ropes on your own.React’s WeaknessesPoor Performance — While React can be a great choice for basic blockchain apps, it’s not ideal for complex, enterprise-grade applications. The reason for this is that it can’t handle complex data flows; it’s not meant for that. Poor Documentation — If you’re building a blockchain app with React, you may encounter a few challenges along the way. This is because the documentation is not very detailed, especially for beginners who may get lost easily trying to learn it on their own.Lack of Tools — Another thing to consider when building a blockchain app with React is that it doesn’t have the same level of tools and pre-built UI components that Angular does.Which Framework to choose?Now that we’ve explored some key differences between Angular and React, we can ask — Which one should you use for your project?  This can vary depending on your exact needs and preferences. The following, then, is a list of factors to consider when making your decision:What is your project’s scope? What are the requirements for your app? What level of functionality does it need to have? What is your team’s skill set? What level of experience do your developers and designers have with the two frameworks? What are the project’s requirements? What is your application’s expected lifespan? Are you building a prototype or a product that needs to last for years?ConclusionThis concludes our discussion on Angular vs React. We hope that this has helped you understand the core differences between these two popular frameworks and what they offer. When deciding which framework to use for your next application, you should consider the factors outlined above and evaluate your unique project requirements. And when it comes to building blockchain apps, Angular and React both have their advantages and disadvantages. At the end of the day, it all comes down to your specific requirements and what works best for your project.

30 Sep

When beginning a new software project, there is a need to lay the groundwork for a successful outcome. The scope of project work, quality assurance standards, and other details manage expectations and reduce risks as much as possible beforehand.However, without having a clear idea of what your team needs to build and how it should be built, things can get messy pretty fast. It’s not enough just to have some vague ideas about what you want in the end. Also need to know how we get there from here — and that means having a detailed Software Requirements Specification (SRS) that covers every aspect of the final product.In this blog post, on how to write software requirements, we’ll look at why an SRS is important for any software project, and what makes up an effective SRS document. Whether you’re working on a brand-new project or simply want to make sure your next one goes smoothly from the beginning, this is the article for you!What Goes Into a Software Requirements Specification?An SRS is a collection of information that will guide the development of your product. The SRS can vary in format and length depending on how comprehensive the project is. An SRS document should outline your product's objectives, features, and functionality. It should also include information on how will reach those goals.The following are examples of essential items that go into an SRS.ObjectivesThe first item in any SRS is the objectives. The objectives list the reasons why your team is creating the product. It is important to be clear on these goals. Make sure that everybody on your team understands them. Often, objectives are written as a list of problems or issues, followed by a list of solutions. This is called a Problem/Opportunity/Solution (POS) format. The objectives should also include a clear statement of the project’s goals. Make sure that your team has agreed on the project’s goals.FeaturesThe next section in the SRS documents the project’s features. It will give a summary of what the feature does, who will use it, and why are you including it. These characteristics will also assist in writing better user stories.User StoriesUser stories are short descriptions that focus on a specific user and what they want to achieve. User stories are placed in the SRS as a way of defining the product’s features.The format of a user story is as follows: - As a role> I want some goal> So that some reason.The first two lines are known as the context. The third line is the goal. The fourth line is the reason why the user is trying to achieve the goal. Some people prefer to put the reason after the goal.Product WalkthroughThe product walkthrough is a description of how the product will work. It is often written as a series of steps that a user would go through to complete a particular task. You can also provide a visual representation of the product walkthrough as a series of flowcharts or diagramsResponsibilities of the Development TeamThe team that is responsible for developing the product is likely to change over time. However, the creation of an SRS means that have an agreed-upon standard for the level of information needed to create the product. This section of the SRS document outlines the responsibilities of each team member.Who needs software requirements specificationand whyStakeholdersDocument requirements discussed by the client and contractorInvestorsAssess the prospects of software to make investment decisionsDevelopersEstimate and plan developed according to the client's requirementsDesignersCreate mockups based on requirements and use cases from the SRSQA engineersTest the software against the client's requirements and business needsNontechnical employers Plan activities using the SRS as a full description of the softwareHow SRS Differs From A Brief And RFPBefore starting the development, you may create a development brief or a request for proposal (RFP). These documents may also be created. We want to make sure everything is clear because there are so many documents.What is a development brief — Before we begin developing software, our specialists interview you to obtain more information and use it as a starting point. A development brief is a simple description of your future plans and ideas.What is an RFP — When a client wants a development team to create a certain product, they usually create a request for a proposal (RFP). This is because the request clarifies many issues and specifies necessary details.In the case of an RFP, a brief is not necessary. What is an SRS document — Finally, an SRS document is an official approval for your project development that contains detailed technical and non-technical info about everything related to the project.SummaryThe summary is a one-sentence description of the product. It should provide a high-level overview of the product and its major components. Make sure that provide enough information in the summary to get the attention of other team members. The summary is often the first thing that people read when they open the SRS document. The SRS document is the main resource for developing the project. It is a living document that will change over time as the product is developed. The SRS is important because it keeps all stakeholders informed. It is a roadmap that guides the team through the SRS development process. The SRS is also a way of managing expectations. It helps to avoid misunderstandings since each person knows what is expected of them.Creating the Right Environment for Writing a software requirements specificationIn order to get the most out of SRS, you must establish the appropriate environment. First, make sure to have plenty of time to write your SRS. The document should be one of the first things to do when you start a new software project. The more time has, the better the SRS will be since it’s your chance to really understand your users, goals, and project scope.Here's a step-by-step guide to creating an SRS:Step 1: Define a User StoryStep 2: Estimate Time and Cost of TasksStep 3: Define What Activities You’ll Need to CompleteStep 4: Determine the Product FeaturesStep 1: Define a User StoryA user story is a sentence that describes a feature or functionality. It should give a general idea of how a user will interact with your product. User stories are critical to creating an SRS because they force you to focus on your user's needs. Your users aren’t going to care about how built the product. They just care about how it solves their problems. That’s why user stories are a good way to identify what needs to be included in an SRS.For example, if you’re building an app that lets users manage their finances, you might have a user story like this: Users can view their budget. This is a very basic user story. It doesn’t go into much detail about what that means. It’s okay for now. You can add more details when you’re creating your SRS.Including the User Experience in a Software Requirements SpecificationAs you write your user stories, include information about the user experience. Let’s use the budget example from above: Users can view their budget. The user experience can be added to your user stories. It can include information about the user interface elements that show the budget. It is possible to include information about how a user transitions from one screen to another.For example, if you’re managing your budget and decide that want to change the amount of money you’re spending on groceries, might have a transition like this: View the budget > Select the grocery category > Select the grocery amount > Confirm > Budget updated > Return to the budgetDescribing the UX in a Software Requirements SpecificationAdding details to your user stories can give more information about the experience. Let’s use the same example from above: Users can view their budget. There is also possible to add details about how a user experiences that functionality. This helps the team understand how the product will work. For example, if you want your product to allow users to view their budget, could describe how that works in the SRS.You are able to describe:how a user moves from the home screen to a screen that shows their budgethow the user would interact with the budget screenhow the budget screen would look and feelDescribing the UX in a Software Requirements SpecificationWhen creating an SRS, you’re defining a product. You’re defining the functionality and user experience of your product. That’s why it’s important to define your user stories. User stories concentrate your attention on your user's needs. It’s critical to include details about the user experience and user interface elements in your user stories. That way can better describe what you need to include in your SRS.Step 2: Estimate Time and Cost of TasksAn SRS is also a great place to break down the tasks expect to accomplish. It is possible to estimate how long each task will take. May wish to include a table or spreadsheet with estimated times and costs. This will help organize and track tasks. If you’re managing tasks on project management software, can include that information in the SRS as well.Define the scope of your software projectIt is crucial to have a grasp on the scope of the project as early as possible. Establishing a baseline for time and cost will be helped by this. In some cases, may need to create more detailed project plans to manage expectations around cost and timelines. When working with clients, may want to include a “scope of work” or “statement of work” to help clarify the details of the project.Create a feature listWhen creating a feature list, try to think about the “above-the-line” items. That are the items that are necessary to create the product. Be sure to leave room for “below-the-line” items. These items are not necessary to create the product, but may still be necessary for reasons like marketing. “Below-the-line” items may include designing logos, creating content, etc. Consider the following when creating a feature list:What are the features that are necessary to create the product? What are the “above-the-line” features?Which features are “below-the-line” items?Determine development team size and skill set requirementsThere are many factors that go into determining the size of your development team. Keep in mind that a larger team may mean more communication and collaboration, which can help avoid unnecessary rework. For example, if assign three people to create a single feature, the team members may need to communicate about the design and functionality of that feature. This may introduce additional time and costs due to rework or communication missteps.When determining the team size, consider the following:How many developers will be needed to create the product? What skill set do those developers need to have?What about other team members such as designers, project managers, and product owners?Define usability and user experience requirementsWhen defining usability and user experience requirements, think about the end user. How will the product be used? Is it intuitive to use? Is it easy to navigate? What are the “best practices” when it comes to design and functionality? Should consult with online resources for best practices in design and usability. May also want to reach out to designers in your network. They may be able to offer insight into design and functionality.Define software security and scalability requirementsSecurity features help protect the product, data, and users. This includes data encryption, data security, and authentication. What are the security requirements for the product? How will the data be secured? Will authentication be required? Scalability refers to how the product will perform and grow in terms of how many users are on the system and how much data it’s handling. What are the scalability requirements for the product? How many users are expected to use the product? What about data? Define requirements for quality assurance tasksQuality assurance, or QA is the process of testing the product to ensure it works as intended. There are different types of QA tasks, including functional, security, performance, and usability testing. When defining requirements for quality assurance tasks, consider the following:What types of testing are necessary for the product? What is the breakdown of testing tasks?Is there anything that should be done prior to testing?Estimate the cost of developing new featuresIf you’ve already determined the features and functions of the product, worth estimating the cost of developing those features. Estimate the cost of development tasks based on the type of work, team size, and hours worked. For example, developing a new feature may include tasks like research and design, coding, testing, and deployment. Research and design tasks may take 2-3 weeks. Coding might take another 2-3 weeks, depending on the type of product. Testing the product may take 1-2 weeks. And, the team may need another week to deploy the new feature. In total, the team may need 5-8 weeks to ship the feature. This may give an indication of the “effort” of the development. If the feature takes longer than expected, look at why it’s taking longer. This is an opportunity to identify roadblocks and mitigate risks.Step 3: Define What Activities You’ll Need to CompleteAn SRS is a lot like a recipe. Want to break down each task and create a list of ingredients that go into the final product. Can include the following information in your SRS to help break down what needs to complete.User Experience: How your users will interact with your product.Design: How your product will look.Development: What languages you’re using to build the product?Testing: How you will test the final product.Infrastructure: What type of hardware or software does your product need?User StoriesA user story is a written description of something a user needs to accomplish with your product. User stories describe a specific action a user takes with your product. They do not feature lists, which are the things your product will do. User stories are helpful because they focus on user needs, not what your product needs to do. User stories are written from the perspective of the user, not the product owner. User stories are short. They’re just a couple of sentences long, and they are written in the language of the user, not the product owner. They’re written from the perspective of the user, and they focus on a specific action a user needs to complete, like “As a subscriber, I want to be able to mark posts as read”.EstimaUse CasesQuaIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case is a series of steps that describes how the product works in a real-life situation. A use case is essentially a story about how a user sees your product in a real-life situation. It’s written in a format called an “As-If” template. It begins with the words “As if” and continues with a description of the real-life situation. Then it describes what the user wants to achieve, followed by what the product should do in response. This is essentially describing a story about how the product works in a real-life situation. In one example, a user logs into their account and marks a post as read. This is the action that the user takes. The user wants to mark a post as read because they’ve already read it. The product responds by marking the post as read. This is the action that the product takes in response to the user’s action.Software RequirementsQuaIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case is a series of steps that describes how the product works in a real-life situation. A use case is essentially a story aWhile use cases describe how a product works, software requirements describe what the product actually looks like. Software requirements are essentially the details that go into those use cases. It’s the ingredients that go into the recipe. For example, if a use case is “As a subscriber, I want to be able to mark posts as read,” a software requirement might be “Subscribers can mark posts as read by clicking on a button below each post.”Confirmed Software RequirementsList confirmed software requirements in your SRS. This is the software requirements list that you’ve researched and confirmed with your team. Might be using a new language or framework for the first time, in which case your SRS will include a list of confirmed software requirements to make sure everyone is on the same page.Risk AnalysisIf you’ve already determined the features and functions of the product, worth estimating the cost of A use case Risk analysis helps identify anything that might go wrong with your product. Risk analysis includes details about each risk and ways to mitigate those risks. For example, might have a risk that a new language or framework doesn’t have as many tutorials for beginners as your current language. Can mitigate this risk by researching what needs to know about the new language upfront. May also risk that the product will be too complicated to build. Likewise, may mitigate this risk by simplifying your product as much as possible. By identifying possible risks and how to mitigate them, you’ll know how to prepare for anything that might go wrong. Use your risk analysis to identify things that could go wrong. This will help plan accordingly so that you’re prepared no matter what happens.Step 4: Determine the Product FeaturesThis is where really get into the nitty-gritty of what your product must do. Your SRS is a good place to list product features. These are your must-haves. They are what your users expect from your product. It’s good to have these in the SRS so that can refer back to them as build the product. Can avoid getting distracted by new ideas with this.The following can be included in your product features.User needs: Actions users will take with your product.User flow: How users will interact with your product.Use Cases: User tasks that happen while completing the user flowsA use case is a story that shows how a user will complete a task with your product. For example, a use case for an online photo-sharing app might be “A user uploads a photo and shares it with a friend.” This is just one example. Have multiple use cases for each user flow. One thing to keep in mind is that use cases aren’t just about what users will do, but what they will try to do. Might find that users have many ways of accomplishing the same tasks. Your use cases should include all of these different ways of doing things.Measures of Success: How you will know if your product is a successDefine what success looks like for your product. If you don’t know what you’re trying to achieve, won’t be able to see if you’ve achieved it.  Should do this for both your overall vision and for each feature. Examples of measuring the vision might include increasing brand awareness or increasing revenue. For each feature, it would be beneficial to know if the feature is used frequently or if it is user-friendly. You might also be interested in knowing if there are any issues with the feature.Product Risk Factors: The potential risks of building your productList the potential risks associated with building your product. Potential solutions can be listed if discover issues while creating the SRS. This will avoid getting stuck on issues. Are free to proceed when having a solution. Issues that aren’t critical to the SRS can move to the backlog.Your risk factors might include the following:Technical Limitations: Are there certain technologies that you can’t use? This can be due to availability, scalability, or cost.User Limitations: What is your user’s skill level? This can include both technical skills and knowledge about your product.Product Limitations: What features are non-negotiable for your product?Business Limitations: What must your product do or accomplish?Product Constraints: Limitations on building your productList the potential risks associated with building your product. Potential solutions can be listed if discover issues Constraints often limit the features or functionality of your product. This can include things like budget or deadlines. Could also consider constraints from the perspective of why something is limited. For example, might experience a financial constraint because of your budget. Might face a time constraint because of your product’s deadline. Your constraints should also include any limitations set by your stakeholders. This can include things like the product’s overall theme or design. May also have a business constraint if your company can’t afford certain items. Your SRS may not be what expect it to be. And that’s OK.  The goal is to get your product mapped out. Can refer back to your SRS as creating your product. By outlining your product's features, will be able to create a more effective plan for how to create your product. Can create a better timeline, a better budget, and a better product. This will avoid headaches and mistakes when creating a new product.Product Risk Factors: The potential risks of building your productIt is possible to know how long your product will take by creating a timeline. Break up your timeline into phases. Each phase is a different part of the process. For example, you might have the following phases:Research and Discovery: You can use this phase to create an SRS, find your product metrics, and create a product roadmap.Product Design and Development: This phase is where you create your mockups and design the user experience of your product.Product Testing and Launch: This phase is when you test your product with users and launch your product.Post-Launch: This is when you analyze your product metrics and make any necessary changes.Create a product roadmap: What will happen when and in what order?A product roadmap is a visual representation of what needs to be done and when. It will help with the timeline created in the previous section. The roadmap can be a visual image or document. Could enter this information into a spreadsheet or a project management tool like Asana.A product roadmap can include details such as the following:Product features: What features will your product have?Business drivers: What must your product do?Product owner: Who is responsible for each product feature?Order of tasks: What must happen first, second, third, etc.?Create a mockup: Design the user experience of your product.A mockup is a visual representation of what your product will look like. It’s a good idea to create a mockup for your product’s user experience. This can include the user interface, user journey, and functionality. Your mockup should include any data that the user will see. This can include things like menus, graphs, and charts. This will save time and money later. It will also help avoid mistakes that would be difficult to correct later.Create a product timeline: What does each phase look like?A product timeline is a visual representation of how long each phase will take. Your timeline should add each phase of your product’s creation. It should also consider the amount of time needed for each phase. This can regard things like research, design, and testing. This can also include the time it takes to communicate with your team members.Create a product budget: How much will the project cost?A product budget is a visual representation of how much your product will cost. Create a budget for each phase of your product. May also want to include things like the cost of hiring team members, equipment, or contractors. Furthermore, can find the cost of almost anything online, including software.A product budget can include details such as the following:Name of the product: What is the name of your product?Total project cost: How much does your project cost?Budget for each phase: What does each phase cost?Create a product risk analysis: What are the potential risks?A product risk analysis is a document that lists the potential risks of creating your product. Break them down by phase. Also, list ways to mitigate these risks or reduce their impact. This is similar to what we discussed in the product risk factors section of this tutorial.ConclusionsThe SRS process can be long and arduous. It’s important to set aside time and create a space where you can really explore your project. Your Software Requirements Specification is one of the most indispensable documents it can create. It’s the foundation of your product. If you don’t build your SRS correctly, the risk of building a product that has too many bugs is too expensive and doesn’t serve your users. This is why it should take the time to create great functional requirements. Your users and project will be better understood by it. It will also help identify any issues or challenges in your project, so it can solve them before they become problems.

14 Sep

A new generation of digital assets also comes with new ways of marketplaces. The native token will be traded on NFT marketplaces to unlock its potential and value. These are not just other intermediates between the individuals and final users, but projects in their own rights that can become critical partners for other platforms.A successful marketplace is an ecosystem with a huge number of users who want to use it. For example, think about how the eBay platform has been able to keep growing because users trust it and find it useful, so they keep coming back again and again. On the other hand, many failed marketplaces were unable to attract enough users from the very beginning due to missing value propositions. If you want your project to succeed, you need a solid plan for your marketplace from the very first stages of the development process.What is an NFT Marketplace?NFT marketplace is a centralized platform that allows users to trade digital assets. They are a new generation of marketplaces for digital assets, such as collectibles and virtual goods. Besides, unlike the majority of existing marketplaces, they have no intermediates between users. To understand the difference, think about the typical Amazon marketplace that links buyers and sellers and takes a certain percentage from each sale. In the case of NFT marketplaces, the Blockchain system validates ownership of the digital assets and transfers money, while the marketplaces themselves just organize the process. The most important issue that any marketplace has to solve is how to get people to come to it and start trading. NFT marketplaces solve this problem by creating a strong brand identity, offering a great user experience, and integrating with other platforms.It’s important to note that the term “NFT marketplace” doesn’t refer to a single kind of platform. Instead, it is a new type of digital marketplace that works differently from traditional e-commerce platforms. The key difference is that NFT marketplaces don’t use a centralized system where users buy and sell directly from one another. Instead, these marketplaces create a standardized system for tracking and managing items listed for sale. These items are referred to as non-fungible tokens or NFTs. The selection of tokens available for purchase can vary from day to day, as marketplaces receive new ones from a variety of sources.When you are ready to make a trade, you can search for the token you want to buy or sell. You can do that in two ways:— If you know the name of the token, you can search for it.— If you don’t know the name of the token, you can click on the “identify” button. When you do this, the marketplace will scan the token and tell you what it is. Once you find the token you want, you can make an offer. If the seller accepts your offer, you can complete the transaction. You can also place a token up for sale. When you do this, you can set the price and choose what type of payment you will accept. You’ll also have the option to create a custom description of the token. Anyone who wants to buy or sell virtual goods or collectibles will be able to use NFT marketplaces. People who are interested in selling their rare virtual goods or digital collectibles will enjoy the ease of use and low transaction fees that these platforms provide. Marketplaces that specialize in specific types of items (such as CryptoKitties) may attract a specific type of seller. However, there are other NFT marketplaces that offer a wide range of tokens for sale.Why Do You Need an NFT Marketplace?If you are a developer of a digital asset platform, why should you even think about whether to build a marketplace? It is a good question to ask before you launch the development process. The concept of NFT marketplaces is still new, and you might not know who your first partners will be. It is better to have a fallback plan and build the functionality of the platform, so you can easily switch to a marketplace later. Nowadays, many digital asset platforms that have just launched their services are looking for partners. If you have a marketplace, you can easily add new tokens to your platform and attract new users. Besides, you can create a win-win situation for your platform and a new marketplace at the same time.How to build an NFT marketplace from scratch with Solidity and EthereumThe first thing to do is to define what kind of NFT marketplace you want to create. Think of the functionalities that users and sellers need and the type of items you want to list. Next, decide what you want to call the marketplace: Auction House, Auction Site, or Trading Post. This will determine the smart contract code and the website layout. Once you have the description of your marketplace and the code written, you need to add a new DAPP with a marketplace inside it. This DAPP will be your central hub for all the items listed on your marketplace.Why do you need a decentralized NFT marketplace?All the benefits that centralized marketplaces provide can be found in decentralized counterparts. Still, there are many reasons why you should choose a decentralized solution. The main one is full control of the terms of service and dispute resolution. If one of your partners breaks the rules of your marketplace, you can easily kick them out, while with a decentralized marketplace, you can’t. The only option is to change the rules, either by voting or changing the code of the smart contract, which is not always possible. Another advantage of a decentralized marketplace is security. On centralized marketplaces, all the sensitive data of the marketplace and the users is stored on their servers. This information can be stolen or leaked, which has happened many times in the past. On decentralized marketplaces, the data stays on the blockchain, so it is much harder to hack.The benefits of building an NFT marketplace inside your DAPPThe first thing to do is to define what kind of NFT marketplace you want to create. Think of the functionalities that users and sellers need and the type of items you want to list. Next, decide what you want to call the marketplace: First, you can attract more users to your platform as you will be able to show some of the items for sale on your marketplace not only on your own website but also on other apps and websites that use the same DAPP. Second, you will get listed. There are lots of decentralized applications that don’t have their own marketplace and don’t plan to launch one. Your marketplace will be listed on many of these apps, which will make it more popular. Third, you will be able to test the marketplace functionality before you build an independent marketplace. The fourth and last benefit is that you will be able to save some time and money, as you can build the marketplace functionality inside your DAPP and won’t have to hire blockchain developers to do it.The benefits of providing your own NFT marketplace as a serviceThe main benefit is that you can earn money with it. If the marketplace is a service, you will charge a fee from the seller and/or a commission from the buyer. It will be especially helpful when the NFTs you list on your own marketplace are the ones you’ve created. You will be able to earn by using them to sell on other marketplaces. The secondary benefit is being able to learn how digital asset marketplaces work. You will be able to try different business models and see what works and what doesn’t.What is the cost of NFT development?The Global Non-fungible Token Market size is expected to reach $97.6 billion by 2028, rising at a market growth of 31.6% CAGR during the forecast period. Rapidly growing adoption stems from NFTs solving a major problem with digital assets: fungibility.Creating an NFT market platform with the most advanced features and security measures based on blockchain technology requires a lot of time and money. NFT Development Services start at $50000, and these amounts may vary depending on the customizations you desire.The thing that can have the biggest impact on the cost of NFT Marketplace Development is app complexity. This includes all of the features you want your application to have, in addition to third-party API integration support. Because of this, the cost of NFT App Development is also dependent on the amount you are paying your developers.To help you create an NFT exchange as seamlessly as possible, we have delineated its core features. We organize them into two categories: architectural features and third-party integrations.A market application, a mobile, or web application for buying and selling NFTs, is one of the fundamental architectural components. An InterPlanetary File System is required to store non-fungible data from distributed networks.A wallet is a tool for storing, exchanging and sending digital assets in addition to storing, exchanging, and sending digital assets.Architectural featuresSmart contracts can provide unique identifiers for each non-fungible token.NFT metadata includes the characteristics of every non-fungible asset on your platform.The foundation for your business will be the blockchain, which will keep track of all transactions.Third-party integrationsInfura.io. Use this service to access the Ethereum blockchain.Ethereum. It is the most popular blockchain integration in the world of NFT marketplaces.CoinMarketCap. It is a service for tracking prices in the cryptocurrency market.Recap of an MVP of NFT marketplace costs:StagesCostDiscovery Phase$5000- $12000Development$26000- $100000Q&A Testing$5000 - $10000Launch and Technical Documentation$0 - $2000How to Create a Successful NFT Marketplace?Creating a successful marketplace is not an easy task, and it requires careful planning. First of all, you should clearly understand the value you want to bring to the market and your target audience. You need to understand the needs of the potential customers, their problems, and how you can solve them. When you know who your users are and what they want, you can design a marketplace that meets their needs. Besides, it will make it easier to get them to come back again. When you design the marketplace, you need to figure out what features are essential and which ones can be omitted. The core features of any marketplace are the following:User Accounts — Users need to be able to sign up and log in to the platform, create an account, and have some way to manage their information.Product Catalog — This is what your marketplace is for, after all. Besides, your users need to be able to see and search through the available products.User Experience — User experience is one of the main success factors for a marketplace. It is even more important when all of the products are digital assets because people do not physically hold them in their hands.Payments — A marketplace without payments is not a marketplace at all, besides, they are the most essential feature of your platform.Crypto Trading — It is a great addition to many marketplaces, but it is not an essential functionality.Step 1: Define Your Marketplace’s PurposeA successful marketplace is one that actually solves a real problem for people. The first step is to understand the problem your marketplace aims to solve. Who has this problem? What is their situation? What are their expectations? Decide if you want to create a marketplace for physical or digital products. If you want to sell physical goods, you will have to deal with shipping and logistics, which are not easy tasks. If you want to sell digital goods, you will have to figure out a way to transfer ownership from one person to another, which is even more complicated. In addition, the price of the goods may fluctuate. If you want to sell both physical and digital goods, you will have to deal with two different concerns.Step 2: Understanding Your UsersAfter you understand the concern your marketplace aims to solve, you need to understand your users. Firstly, identify the target audience of your marketplace. What are their demographics? What are their purchasing habits? What are their expectations? What are their problems? You can get the answers to these questions by conducting surveys, running polls, and analyzing the statistics of a given industry. Create personas based on the data that you collect. Personas are fictional representations of your target audience. They will help you better understand your users’ needs and expectations.Step 3: Know the Basics Before You BuildAfter you have identified your target audience, you need to know what is essential for your marketplace to work. Ask yourself the following questions: What type of users do you want? What type of products do you want to sell? What is your pricing strategy? What payment methods do you want to accept? How will you deal with customer support? How will shipping work? If you want to accept cryptocurrencies, what cryptocurrencies do you want to support?Step 4: Build and Test with a Small AudienceWhen you build your marketplace, you will have to make a lot of decisions, but it is important to test with a small audience first. Find beta users and get their feedback. Beta users are people who are willing to try out the product before it gets released. They are similar to beta testers in software development. They will help you identify and fix bugs in your platform before you get a large audience. Besides, they can give you feedback on what they like and dislike about the product. Get feedback from beta users, and adapt your product accordingly. After you have tested the product with a small audience, you can proceed to the next step.Step 5: Get Feedback from UsersThe best way to create a successful marketplace is to get user feedback and use it to improve your product. You can conduct surveys to get feedback from the customers and use their insights to improve your product. Besides, social media is a great tool for getting feedback from users. You can post polls, images, and videos on your page, and you will get useful insights from the customers. Besides, it can also help you increase your brand awareness.Step 6: Grow Your AudienceThe best way to create a successful marketplace is to make sure it gets enough attention. Besides, you need to get people to use it and come back again. Getting new customers is hard, but it is even harder to keep them. It is better to focus on retaining the customers you already have. Besides, it is easier to get new customers if you already have a fanbase. There are different ways you can get more customers. You can create marketing campaigns and run ads on different platforms. You can also try influencer marketing. Besides, you can also invest in SEO and content marketing to get more customers organically.A new type of digital asset marketplace is popping up every now and then, and a lot of them fail. You can avoid making the same mistakes by following the six steps we have described above. If you design the marketplace based on the needs of your users and know the basics before you build, it will be easier to get more people to use it and come back again. Creating a successful marketplace is not an easy task, but it can bring great returns if you do it right.When to Use the NFT Marketplace Strategy?An NFT marketplace can be an excellent strategy for projects that want to integrate their platform with other ecosystems and raise their user base. The most obvious advantage of the NFT marketplace strategy is that it allows you to bring your platform to the market sooner than you would be able to if you were to build a more traditional marketplace from scratch. Another advantage of this strategy is that it allows you to partner with other platforms and expand the range of digital assets that are available on your platform. It also gives you the chance to offer your customers a wider selection of products, which may increase their level of satisfaction with your platform.How Does the NFT Marketplace Strategy Work?The NFT marketplace strategy is similar to the E-commerce strategy. However, in the case of an NFT marketplace, you don’t actually own any inventory. Instead, you simply provide a platform where users can trade digital assets. You may also offer some level of branding, customer service, or payment processing options. In order to make this work, you’ll need to partner with other platforms that have blockchain-based assets. You’ll then integrate the other platform into your own platform and allow users to exchange their tokens for your own tokens. This exchange of tokens is what allows your customer to use those assets within your own platform.The Pros and Cons of the NFT Marketplace StrategyProsConsNFT marketplaces allow you to increase the liquidity of your tokens by bringing tokens from other ecosystems onto your platform. This is easier than starting a platform from scratch.Integration with other blockchain-based platforms can be tricky. If you work with a partner with a reputation for being unprofessional or not delivering on its promises, it can be a problem for your entire platform.Using the NFT marketplace strategy, you can bring in partners that have existing user bases. This expands your customer base.Using the NFT marketplace strategy can have drawbacks such as diluting your token's ecosystem, making your tokens less valuable, or the customers being less likely to use your tokens.Early access to your platform is beneficial as it allows you to build up a user base before the platform goes live.Tips for Using the NFT Marketplace StrategyChoose partners carefully — In order to make the most of the NFT marketplace strategy, you’ll want to choose partners that are similarly focused on user satisfaction and ease of use. The last thing you want to do is bring a partner to your platform that might create confusion or inconvenience for your customers.Offer a wide variety of products — In order to make your NFT marketplace strategy successful, you’ll want to make sure that it offers a very wide selection of products. You don’t want your customers to be disappointed with the selection and decide to go to another platform.Keep the focus on your tokens — Even though you’ll have partners on your platform that use other tokens, you want to make sure that your platform is focused on your tokens. To do this, you may want to limit the time that partners can use their tokens within your platform.The NFT marketplace strategy is an excellent approach for projects that would like to integrate their token with other platforms and offer a wider selection of products to their customers. The main disadvantage of this strategy is that it can dilute your token’s ecosystem by bringing other tokens onto your platform. This means that you need to be extremely careful when choosing partners. With the right approach, an NFT marketplace can be an excellent way to expand your platform and bring it to a wider audience.ConclusionIf you want to succeed, you need to provide real value to your users. Digital assets are a promising direction in the world of online commerce. While the market is still young, it is a good idea to start developing your own marketplace today. When it comes, it will be easier to attract partners and integrate their tokens with your platform. At the same time, once you have partners, it will be easier to get other platforms to integrate with your marketplace.

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