SWOT analysis for a startup to consider web3 ecosystem

Rohit's Channel

·

Follow

Aug 8, 2022

--

Listen

Share

Strengths:

1. Easy to get early global customers
2. Easy to raise funds from global pool of investors
3. Easy international expansion and low cost of payment integrations

Weakness:

1. Lack of legal clarity on many parts of the world
2. Nascent developer tools, things break and get irrelevant quicker
3. Scams on new users onboarding is easy

Opportunities:

1. Blue ocean
2. Customers are ready to take risks and try things
3. Participation Incentives for early partners and customers
4. Global reach and low difficulty in expanding internationally
5. Traditional investors are allocating funds for exploring web3

Threats:

1. Risk of attacks and hacks on your product
2. Risk of idea being built faster by opponent
3. Geo-political risks of sentiments around crypto
4. Risk of getting irrelevant in few years
5. Sufficient decentralisation can overrun the founding teams