Earn with dApps: A Complete Guide to Making Money

Decentralization can seem scary – we’re not used to living without a central power. However, it may just as well be our future.

Both enterprises and startups are asking how to make money with dApps. Considering the development and growing popularity of dApps, we’re not surprised here at ProCoders. The fear goes away as we see the benefits of such systems.

According to Onchainfx, over 90% of ETH transactions go through the IDEX exchange. This means there is vast potential for this business model.

ProCoders will tell you how to create a dApp and monetize it in this article. We will also examine the top 3 decentralized app ideas to make money. So if you’re looking to boost the financial potential of your project, this article is worth reading!

Market Size and dApps Future

The dApps market is expected to reach $368.25 billion by 2027 at a CAGR of 56.1% (Emergen Research). The main reasons for that are:

• the rising popularity of decentralized applications

• the increased adoption of dApps as a substitute for traditional applications

• blockchain technology has become more accessible over time

A large part of this accessibility comes from smart contracts. These are programmable contracts executed on a blockchain network. They make it easier for businesses and individuals to use dApps without technical knowledge.

The other major factor contributing to the growth of this market is that there are more specialists acquiring the necessary skills and making competition to those who are already for a long time in this field.

What are Decentralized Applications in Blockchain?

Decentralized applications, or dApps, are software types that run on a peer-to-peer network. This means that no single entity controls the application. Instead, application users control the system through their interactions with it.

dApps are built on top of blockchain technology. It creates a decentralized database that is shared among all users on the network. This means no central server where an individual or group can manipulate data.

Business Benefits From Concentrate on Decentralization?

Here are some ways decentralization can help your business:

Security and Transparency

Decentralized systems are more secure than centralized ones.

Why? They allow users to verify transactions independently. This means there is no single point of failure. No central authority, no central system. This means hackers cannot access your data or money if they want to steal it from you!

Cost-Effectiveness

You don’t need expensive hardware or software to run decentralized applications. All that’s needed:

• an internet connection

• a device with some computing power (e.g., a smartphone or laptop).

This makes dApps much cheaper than centralized alternatives. You don’t need a powerful server companies like Amazon Web Services or Microsoft to maintain.

Increased flexibility

With dApps, you can change how your software works to fit your needs. For example, if one feature doesn’t work out as well as expected, you can easily remove it without starting with another developer or re-write the code yourself. This makes dApps a great tool for developing new products quickly and cheaply so your company can adapt quickly to changing market conditions.

Enhanced Privacy

Decentralized systems allow users more control over their data. Their sensitive information isn’t stored on a central server, which could be breached.

This builds trust. Users decide what information to share and who to share it with. This strengthens privacy and reduces the risk of data misuse.

Global Accessibility

Decentralization eliminates geographical barriers, enabling businesses to reach users and customers worldwide. It’s particularly beneficial for applications that need to scale quickly across diverse markets without relying on localized infrastructure.

Encourages Innovation

Decentralized platforms foster an open environment for developers and businesses, encouraging experimentation and collaboration. This can lead to the creation of unique solutions and a more competitive edge in your industry.

Trustless Operations

With decentralization, apps operate without the need for trust in a single entity. It can be done with smart contracts. For example, blockchain-based systems use them to enforce agreements automatically.

Tokenization Opportunities

Decentralized platforms often use tokens for user participation and reward contributors. This can open new revenue streams and foster loyalty within a user base. This means your decentralized platform can become more appealing.

3 Best Decentralized App Ideas to Make Money

As a business owner, you want to earn benefits from your dApps after creating them. ProCoders have gathered for you 3 best dApps to make money:

Decentralized App Ideas	Description	Potential Earnings
Decentralized Marketplace	A platform that allows users to buy and sell goods and services without intermediaries, utilizing blockchain technology for secure and transparent trading.	Profit from transaction fees.
Decentralized Gaming Platform	A platform that allows users to play games and earn rewards, utilizing blockchain technology for secure and transparent management of player data and rewards.	Profit from fees and a percentage of player rewards.
Decentralized Social Network	A platform that allows users to connect and interact without intermediaries, utilizing blockchain technology for secure and transparent data management.	Profit from charging fees for premium services.

How to Make dApps?

Let ProCoders help you.

You can create a dApp easily by following these steps:

It’s easier than you think! You can create a dApp easily by following these steps:

1. Define your vision. The first step, even before the development, is making sure you have a full vision of the project. What does your dApp do? What problem does it solve? This will help you create a development roadmap and determine the tech stack suitable for the product.
   
2. Choose a blockchain platform. Some of the platforms to choose from are:
   • Ethereum
   • EOS
   • TRON
     
     Choose a platform that fits your requirements in scalability, security, and ease of development.
     
3. Gather a team. To create a dApp, you will need a team of:
   • developers
   • designers
   • project managers with experience in blockchain applications.
     
     Consider outstaffing or hiring a dedicated team to develop your dApp.
     
4. Develop a smart contract. Smart contracts define the rules and logic of your dApp, including”
   • management of transactions
   • token distribution
     
5. Build a user interface. Focus on building an easy-to-use and accessible interface. We at ProCoders recommend using React or Angular for the task.
   
6. Test and deploy. Thoroughly test your dApp to make sure it’s secure and functional. After testing, deploy your dApp to the chosen platform.
   
7. Launch and promote. Consider incentives such as bonuses or discounts to encourage early adopters. Continuously monitor and improve your dApp, gather feedback, and update your system regularly.

Recommended: How to Create a dApp with React?

How do dApps Make Money: Traditional Methods

There are many different types of monetization models for traditional apps. Each one serves various purposes and works with different types of applications. Here are some of the most common monetization models:

Free Version with In-App Purchases (IAP)

This model offers the app for free, allowing users to download and access basic functionality at no cost. Then, users can purchase:

• additional features

• content

• virtual goods within the app.

Commonly used in gaming apps, IAP monetization attracts a large user base and generates revenue from engaged users.

Freemium Model, Premium Functionality

The freemium model provides a free version of the app with limited features. Premium functionality can be unlocked through a one-time payment or subscription.

Subscription Model

The subscription model charges users a recurring fee. It can be a:

• weekly payment

• monthly payment

• annual payment

This model is widely used in:

• streaming apps

• fitness platforms

• SaaS tools

It offers a steady revenue stream for you and regular updates and support to your users.

Advertising Model

Apps generate revenue by displaying advertisements to users. This can include:

• banner ads

• video ads

• native ads

The effectiveness of this model increases with apps that have a large user base and high engagement.

Tip from ProCoders: To maximize revenue, incorporate targeting algorithms to display ads relevant to the user’s preferences.

Pay-to-Download

Users pay a one-time fee to download the app. This model is more common in niche markets or apps offering unique value, such as premium tools or games.

Because the payment is upfront, you have to make sure the app delivers exceptional quality and value. This minimizes negative reviews that can hurt its visibility in app stores.

Affiliate Marketing

Apps earn revenue by promoting third-party products or services through affiliate links. This is often used in e-commerce or recommendation-based apps, where the app suggests relevant products to users. Successful affiliate marketing relies on carefully selected partnerships that align with the app’s niche, ensuring the promoted products resonate with the audience.

Sponsorship Model

Businesses partner with you to fund the app in exchange for branding or visibility. This can work well for apps targeting specific audiences.

A great example is a fitness app partnering with health product brands. The sponsorship model often includes:

• branded content

• co-marketing campaigns

They benefit both the sponsor and the app by increasing reach and engagement.

Data Monetization

Some apps generate revenue by anonymizing and selling user data to third parties, such as marketers or researchers. Of course, within legal limits. To address privacy concerns, developers often use encryption and comply with regulations like GDPR or CCPA. Hence, users will know about data collection and sharing.

Paywall for Content

Users can access limited free content, but premium or exclusive content is locked behind a paywall. This model is common in news apps, streaming platforms, and educational apps. Developers often use a “freemium” approach, offering enough free content to attract users while showcasing the added value of paid content to encourage subscriptions.

Crowdfunding/Donations

Apps rely on users’ voluntary contributions to sustain development. You can use platforms like Patreon or Kickstarter for that.

This works well for high-quality apps with a loyal and supportive user base. You can provide backers with perks or exclusive content. This will create a sense of community and encourage ongoing support.

How to Make Money with dApps: Decentralized Options

When monetizing your dApps, you can use a few traditional methods. These include in-app purchases, advertising, and subscription models. However, dApps also provide unique monetization opportunities.

• One such opportunity is through the use of smart contracts. They automate payments and revenue sharing. This can help you earn revenue from your dApp and avoid manual transaction management.

• Another unique opportunity is using decentralized finance (DeFi) protocols. They let you earn revenue through:
  • lending
  • borrowing
  • liquidity provision

• You can also monetize your dApp by issuing your own cryptocurrency or token. Put a smart price on it and users will purchase and use it within the dApp. This creates a whole ecosystem for functionality and profit.

How Can ProCoders Assist You with dApp Development?

ProCoders are ready to pick up your project at any stage of development. Whether you are at the beginning of the planning stage, in the middle, or your project has already been launched, and you need to support its work – we are ready to provide you with our services.

Our team can help you with thorough dApp development thanks to the Discovery phase and Staff Augmentation. The Discovery phase is the first step in the development planning. It’s about creating the roadmap, studying your project, and its features, planning the development stages, and estimating them in terms of time and costs. After that, you can hire your own in-house team or use our Staff Augmentation or Dedicated Team services to proceed with the successful work.

ProCoders have a whole base of developers and other necessary staff to help you create the best dApp. Our talents are highly experienced in developing these applications, are easy to integrate into the work.

Conclusion

So, how do dApp developers make money?

DApps are valuable players in the crypto economy. They procide a way to interact without intermediaries that is:

• secure

• cost-effective

• flexible

Decentralization has many benefits for businesses, and dApps offer a variety of monetization strategies.

Our top three dApp ideas for making money are:

• a decentralized marketplace

• a gaming platform

• a social network

Creating your own dApp is easier than you think, and our team at ProCoders can help you every step of the way. Our experienced dApp developers can help you monetize your dApp through:

• smart contracts

• DeFi protocols

• issuing your own token

Let us help you make money with your project!