If you keep up with blockchain trends then the DApps (Decentralized Applications) must not be a new term for you.
Over the past few years, the use cases of DApps have increased significantly. Today, we can see several businesses leveraging this advancement for cross-border transactions and tracking goods moving across the globe. Thus, the DApp market has expanded in very little time. As a result, businesses of all types and sizes are looking for the top decentralized app development companies.
While still learning how to use DApps in the most beneficial way, businesses have started to make money with their decentralized apps. Let’s look at some ways entrepreneurs use DApps to make money.
● Crowdsale and token launch
One of the primary routes that companies use to make money using DApp is the revenue model. It involves bootstrapping a particular project via crowdsale, followed by a token launch.
Before you take this route, keep in mind the prime functionality of your DApp, easy access to the network, and profit distribution among token holders.
● Advertisements
It is not only a new but also the least used revenue model in DApps. However, by adding the advertisement to your list of monetization strategies, you can find ways to make more.
● Premium
Like centralized gaming apps, you can also get monetization functionality added to your DApp. It allows your gamers to improve their game by purchasing the premium functionality with digital currency instead of winning the levels.
● Transaction fees
Another model that you can consider for your DApp is charging transaction fees. For example, you can keep a certain amount for availing of your services. It is one of the best ways you can use to make money with a decentralized app.
● Subscription
Adding a subscription or membership model to your DApp allows you to make sure the function is available only to the subscribers or members.
● Digital goods
If you are wondering how to create digital goods, you should look at how Ethereum apps use this monetization model to make money, for example, CryptoKitties.
● Donations
Is your DApp project based on any social cause or resolving world issues? If yes, then you can add a donation button on your app.
● Referral marketing
After significant success of referral marketing in e-commerce app, it can be used for Ethereum-based DApps to make money.
The bottom line
These are some of the DApps monetization models that you may consider to make money using your decentralized application. If you already have DApp, it’s time to add revenue models and enjoy maximum profits. On the other hand, to get your DApp, hire a reliable decentralized application development service provider.
