Are you a developer looking to start a business in Web3 but don’t know where to start? In this post, we will discuss seven promising business concepts that are profitable in Web3 in 2023. First, we will start with bad business ideas, which are anything that has a token in it, such as an ICO, where you want to sell a token to others to make a lot of money. These ideas were valid in the past, but in 2023, with a lot of regulations, doing this may lead you to jail, and the demand for that is low. Now here are the seven promising business concepts that are profitable in Web3 in 2023: 1. Web3 consulting: 💼 This is the easiest business to start if you have basic Web3 skills. You can sell your skills as a Web3 developer to companies that need it. You can start by targeting small customers and small projects and gradually expand your business as you gain more experience. 2. Smart contract auditing: 🔐 This is currently one of the best niches for Web3 consulting. With the explosion of the Web3 space, there is a high demand for smart contract auditing. You can start by participating in security contests for smart contracts to gain experience and then gradually expand your business. 3. Decentralized applications (dApps): 📱 dApps are one of the most popular concepts in Web3. If you have a good idea for a dApp, you can develop it and earn money by selling it or through token sales. 4. Non-fungible tokens (NFTs): 🎨 NFTs are digital assets that are unique and cannot be replicated. If you have a talent for art, music, or any other creative field, you can create NFTs and sell them. 5. Decentralized finance (DeFi): 💰 DeFi is one of the fastest-growing segments in Web3. You can develop DeFi protocols or provide liquidity to existing protocols and earn money through fees. 6. Web3 infrastructure: 🌐 With the growth of Web3, there is a high demand for infrastructure services such as hosting, storage, and bandwidth. You can provide these services and earn money through subscriptions or pay-per-use models. 7. Web3 education: 🎓 As more people are getting interested in Web3, there is a high demand for education and training. You can provide online courses, workshops, or mentorship programs and earn money through subscriptions or fees. These are some of the promising business concepts that can be profitable in Web3 in 2023. However, it is important to note that the Web3 space is constantly evolving, and new opportunities may arise in the future.