If network effects are provided to you for free (Nostr provides), which ideas are now, suddenly, viable business models?
Discussion
I'm too much of a simpleton to understand this question.
Can you elaborate a bit more Vitor? You mean how to monetize network effect on nostr?
Network effects is where most startups spend their venture capital money.. it's extremely expensive...
Which means that probably a 1000s ideas were discarded simply because VCs could not foot the bill.
Can you monetize image hosting with LN micropaiments? Would tyat be something that benefots from the network effect? Or you think more like the network effect from an ap like Amethyst in particular?
schooling
private tutoring
VR tourism
and what not
The truth.
not only that, many in here have the means to invest 👀
Bitcoinization of commerce through Nostr. Each vendor with an account.
It enables bloat free internet resources of all kinds. It eliminates the need for visiting ad, tracker & JS ridden websites just to find a piece of information (like a recipe). Instead nostr + LN can create a bloat free information economy.
This means we can make the internet a fun & wholesome place again. A network of sovereign individuals.
Vitor, you and your team are creating a very good app, the question of how to monetize it is not trivial, you are aware that competition is around the corner therefore timing for the right strategy is key
Things that your could consider:
1. Create a premium version with original badges and additional premium features like editable messages , TOR connectivity, editable filters to block trolls and reduce spam and a fancy original gift keyboard, you could charge a one time amount for life, Threema is doing that successfully. The business case will provide you with enough information to price it correctly. Threema has only one version and is paid, I don't believe that would work with Amethysts, but that is just my opinion..
Risk management; if your features on the premium version are low quality and low cost to replicate a competitor could beat you in quality and time to market. Additionally, having two versions will anger some users, weight that in.
2. Use the Signal model, donors... and consider charging for high quality badges series , that should be a trivial business case
Risk management, since you will have competitors this business case may not show great promise but with the right donors you will be running fine for years, the badges should be high quality and impregnated with your logo
3. The verification business model ,with a two layer model price. Purple free, Blue Premiun with the added features, one charge for life or year membership similar to Twitter
Hopefully you will find more ways to monetize. Your app is excellent, I for one would buy a premium version if the features offer TOR connectivity and editable filters to nuke trolls and reduce spam with list management. Paid relays IMO are non sense, if I wanted a company to filter what I read I use Twitter or any other corporate social network
The question was really not about the app, it was more about the amazing entrepreneurs building on nostr right now.. so many new ideas...
Please work on groups for nostr, it would be great to have groups similar to those on Facebook 😁
Stacking sats becomes viable bussines model 😅
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