Blockchain powered mobile apps – dApps have started a trend of their own.
The technology that was brought into existence for revolutionizing the finance domain has not just found a place in multiple industries but has also now started giving a plethora of use cases on the mobile landscape.
The dApp market has grown to such an extent that entrepreneurs from across the globe and from across a range of different industries have started crowding the space, enterprise software development companies, blockchain development companies and others find answers to how much does Blockchain app development cost.
While you can find the answer on how to create a dApp in our Guide to Blockchain development, a relevant question to ask here is how do decentralized apps make money?
How Did I Come Up With the Idea of This Blog?
I was recently working on an app – Empire – a hotel booking app powered on Blockchain. At the time of the ideation of the application, I got this question thrown at me – How would my dApp make money?
Although, at the back of my understanding of the idea, I helped them with a few monetization models like – Subscription and Transaction fees, etc., I realized that there are not many people who know how to make money with Blockchain-powered top dApps. So, I decided to write a blog on the same topic.
But, before we get to that part, you can first read how non-decentralized applications make money for a better understanding.
Only after looking at how the traditional apps make money, you would fully be able to understand the impact of the different grounds that both app types stand on.
Now, let us look at some of the ways on how do decentralized apps make money.