Community Matters in Web3

[Jujuboy]

Community is one of the key elements that Web3 is built on. Many projects have seen success thanks in large part to strong community support.

Being part of a community also brings a sense of direction and shared purpose. Even as a member of this forum, I’ve picked up valuable insights just from reading others’ posts some of which helped me avoid costly mistakes.

What communities have you been part of, and what was your experience like?

[hugeblack]

Most administrators of these communities treat members as additional revenue. The more followers you have, the more revenue you generate from advertising. Therefore, you'll often find engaging content at the expense of accurate or technical information. The opposite is true for technical communities, which are closed and have zero tolerance for any low-quality posts. Therefore, you'll need to join multiple communities and unsubscribe from those focused on generating revenue.

[TomPluz]

A big, strong community backing up a certain project is always a necessary ingredient for success for all planforms not just in Web3...it is even so important in memecoins that without it that project can be doomed to fail or just be unforgettable one. However, a strong community is just an aspect there should be more because eventually hypes will die down and if the foundation is not credible then it would just die a natural death. Right now, I am not really a part of any community except maybe this forum but I am still doing some airdrops and bounties so maybe that counts. And yes someone here is pointing out that a supporting community can be a big source of revenue where ads can be shown...and this alone has become the bread and butter of many projects and for them it would not matter a lot if they will fail into the future since they already accumulated money for their own purposes.

[tabas]

Community is one of the key elements that Web3 is built on. Many projects have seen success thanks in large part to strong community support.

Being part of a community also brings a sense of direction and shared purpose. Even as a member of this forum, I’ve picked up valuable insights just from reading others’ posts some of which helped me avoid costly mistakes.

What communities have you been part of, and what was your experience like?

There are too many crypto communities right now. The influencers have their own communities as well, giveaways and information are spread throughout. That is why being part of one is a good indication that you're learning more in the web3. There is so much to learn and to meet here if you are the type of person that wants to grow also with the community. You only need to be open with the opportunities and learning from time to time.

[bitterguy28]

Community is one of the key elements that Web3 is built on. Many projects have seen success thanks in large part to strong community support.

communities help sustain a project it is the one thing that prevents a project from steepingly dropping as long as there are people who believes in the project it can still continue to develop and improve and even gets good value over time

Being part of a community also brings a sense of direction and shared purpose. Even as a member of this forum, I’ve picked up valuable insights just from reading others’ posts some of which helped me avoid costly mistakes.

yeah i have learned so much from this forum and i have also gotten so much insights from the members not only about crypto but even in different industries and sometimes just in life in general too

[0t3p0t]

Most administrators of these communities treat members as additional revenue. The more followers you have, the more revenue you generate from advertising. Therefore, you'll often find engaging content at the expense of accurate or technical information. The opposite is true for technical communities, which are closed and have zero tolerance for any low-quality posts. Therefore, you'll need to join multiple communities and unsubscribe from those focused on generating revenue.

This. The more traffic users create in a specific community the more advertisers are most likely to invest just like crypto forums AltcoinTalk and BitcoinTalk which I like and of course depending on my hobby and interests I could join many more.

[Cantsay]

That is why being part of one is a good indication that you're learning more in the web3. There is so much to learn and to meet here if you are the type of person that wants to grow also with the community. You only need to be open with the opportunities and learning from time to time.

Being a part of a community doesn’t necessarily means that you’re learning - I have been a part of several communities and I have some communities where they tend to use their members to generate money for themselves than what they give in return so their main focus is what they can get off their community members rather than what impact they can make in the lives of their members.

It’s important to choose the right community if you really want to learn and also be a active member - there are people who just join communities and they’ll start sampling it everywhere that I’m in this community and that community but in reality they haven’t done anything in that community; they are more like an additional number to the group subscription.

[hugeblack]

This. The more traffic users create in a specific community the more advertisers are most likely to invest just like crypto forums AltcoinTalk and BitcoinTalk which I like and of course depending on my hobby and interests I could join many more.

There is a difference between communities like AltcoinTalk and BitcoinTalk and those communities (whether Twitter, Discord, Reddit, Telegram) where the goal is to increase the number of views regardless of their quality (as long as they are real users), but forum growth is much more complex than that.

[ZAINmalik75]

Community is one of the key elements that Web3 is built on. Many projects have seen success thanks in large part to strong community support.

Being part of a community also brings a sense of direction and shared purpose. Even as a member of this forum, I’ve picked up valuable insights just from reading others’ posts some of which helped me avoid costly mistakes.

What communities have you been part of, and what was your experience like?

This is not a web3 community so you first have to learn what a web3 community is there everyone is anonymous, not even the founder can locate the person, they all are contributing to the forum, they are making on chain transactions, we can consider bitcointalk a web3 but still that is centralized like this one but in my opinion a person's privacy is safer there.

This community has also taught be great things, and we can still consider it a web3 community because it do have some of the web3 community features, but not all.

[yhiaali3]

This entire industry is built on communities. Any project that wants to succeed must promote and spread widely. Therefore, we have many communities, both general communities that discuss the industry in general and specific to specific projects.

Of course, during my work in cryptocurrencies, I joined many communities. Although some of them are solely concerned with promoting, without providing any real benefit or content, others are excellent, and I benefited greatly from the positive experiences and exchange of information and ideas during my time there.

[NotATether]

We cannot overstate the importance of being part of a crypto community (at least two!) because not only will you learn a bunch of stuff and avoid common mistakes, you can actually help other people avoid the same mistakes.

[yhiaali3]

I'm also not a huge fan of NFTs, not because they aren't good in concept, but because they've been misused, as usual. While the concept was innovative in the crypto world, it deviated from its intended meaning and was used to sell junk and trivial graphics.

In any case, I'm not surprised by the subsequent closure of this market and others, as it was widely expected that this trend would end soon. I believe we'll soon see the end of the memecoins trend, as such trends create a temporary bubble that then fades away, leaving strong projects to survive.

[KryptoBull]

I'm also not a huge fan of NFTs, not because they aren't good in concept, but because they've been misused, as usual. While the concept was innovative in the crypto world, it deviated from its intended meaning and was used to sell junk and trivial graphics.

In any case, I'm not surprised by the subsequent closure of this market and others, as it was widely expected that this trend would end soon. I believe we'll soon see the end of the memecoins trend, as such trends create a temporary bubble that then fades away, leaving strong projects to survive.

I think we are still using Web3 frequently, that's when we connect our wallets to protocols like UniSwap and PancakeSwap; however, the Web3 trend hasn't really come back to the market this season.

NFTs were also mentioned in the Web3 trend. Many people used to say that NFTs would represent a user's identity in Web3. Unfortunately, this is no longer popular. The future of NFTs strongly depends on the Web3 trend and other trends like GameFi, SocialFi, and MoveFi.

[yhiaali3]

NFTs were also mentioned in the Web3 trend. Many people used to say that NFTs would represent a user's identity in Web3. Unfortunately, this is no longer popular. The future of NFTs strongly depends on the Web3 trend and other trends like GameFi, SocialFi, and MoveFi.

Yes, unfortunately, that's true. Perhaps this is off-topic, but NFTs have lost their appeal for some time and have begun to fade due to low demand and people's shift away from them to other trends like memecoins.

Yesterday, I heard news about a major NFT market shutting down due to business failures. This is an indication that people are no longer interested in this type of thing, even though they were initially paying millions of dollars for a ridiculous NFT not long ago.

[Ojima-ojo]

Whatever project that is aimed at generating revenue is charged with the duty to generate engagement because the more engagement the members accumulate the more revenue it is for the project therefore on certain occasions, you will tend to build a strong and vibrant community based on the actual engagement and revenue that comes in from such a community, same goes with every affiliate marketing programs.