So here we won.
In this video, we will understand about four different types of business model in blockchain.
So at first we have utility token.
So if a blockchain technology is issuing these utility token, then that's their business model.
The second one is blockchain as a service aggregator.
So if a company is aggregating all these different types of blockchain technology on a single platform,
that's your base, also known as blockchain, as a service aggregator.
And third, we have core development platform so that we will understand about the core blockchain technology
like Etherium Solana or Polygon.
And in the end, you have your wallet and other services like DAO or Nfts.
Let's start with utility token.
And in this part we will understand what exactly is a utility token and why a company will issue it.
So as you know, blockchain is a distributed ledger technology and that requires consensus.
And that's why these companies will issue the token, because it's one of the mechanism to reward the
token miner or let's say, the token holder.
So let's say as a company, you are building a unique blockchain technology and you wanted to reward
the early adopter or all the people who have some trust and who believe in your technology.
In that case, you will simply issue a utility token and you will launch your ICO, also known as initial
coin offering, and you will give it to people at a discounted price.
Then people will hold it, or let's say they will use those token in the blockchain technology to do
an action, or if they wanted to sell those token after a few years, they can also do that.
And that's your token economy where all of the transaction that will happen in your blockchain technology
in the future will be facilitated by these utility token.
So in short, these companies will issue some token in their initial coin offering in all of these exchanges,
like Binance or Coinbase.
And if you hold this token, you end up making profit or sometimes people lose some money as well.
So these are risky investment and I will not recommend you to start buying some random token.
Now, one thing you need to keep in mind when you are looking at these different cryptocurrency project
or let's say these different types of utility token is the tokenomics.
So if you look at the tokenomics of two different cryptocurrency project, let's pick Ethereum and Solana.
So if you look at Ethereum, almost 85% of Etherium is there with public.
So people like you and me, 15% of Ethereum is hauled by the insider and 5% of Ethereum is sold by the
foundation.
On the other side, if you look at Solana, more than 48%.
Solana is owned by The Insider, and they gave more than 30% of these tokens to the community as well.
And they have distributed less than 5% of these tokens to the public.
And that's not really a good sign.
And that's why you will realize that people trust Ethereum more than Solana.
So that's your token economy.
Now, let's understand about the second type of business model.
That is your blockchain as a service aggregator, also known as base.
Now if you're into programming or let's say if you are a tech savvy person, I'm sure you have heard
of us.
It is also known as Amazon Web Service, and it's a cloud computing platform.
So if you are building a mobile app or let's say a software, you simply have to do an API call to AWS
and you can store all of your media assets in their S3 bucket and you can use their different product
using a simple API call.
So they have products like load balancer, content, delivery network.
So you can use a bunch of service of AWS with some simple API call.
Now, just like that, you also have a blockchain aggregator like Alchemy, and Alchemy will provide
you all of these different nod for a variety of blockchain.
So alchemy will simply act as a bridge between all of these different technology, like Etherium Solana
or Polygon.
And Alchemy will provide node to all of your defi or Dapps platform.
Now Defi stands for decentralized finance and dapps tend for decentralized apps.
So let's say if you are building an NFT marketplace like Opensea, or if you are building a decentralized
finance platform like R, V or divide X, or whether you're building a wallet or a gaming app or maybe
a web two or infra app, you can use these nodes provided by alchemy, and then you can do all of these
transactions across different blockchain, and that's your blockchain as a service aggregator.
Let's talk about the core development platform.
Now there is very less to explain in the core development platform.
So this basically contains all of the core blockchain technology like the Ethereum blockchain or the
Polygon blockchain or the Solana blockchain.
And you already understand that how exactly these blockchain technology work.
So you have a center and on the opposite side you have a receiver.
So let's say in case of Ethereum and Solana, you will build a smart contract and then you will deploy
that smart contract by paying a small gas fees.
And whatever logic and rules you have written in that smart contract, they will execute those rules
and it will and the transaction will be facilitated.
And that's your core development platform.
And in the end, you have your web wallet, so called Web3 wallet like Fantom and Metamask.
Now, apart from business model, if you wanted to understand more about blockchain technology, so
let's say you wanted to know more about digital signature or smart contract or Daos.
In that case, you can watch my 6 to 7 hour long course on blockchain.
Just tap on my profile and you can find a course on blockchain in that specific course.
I've explained everything from consensus mechanism to digital signature to smart contract to Nfts and
many other things.
So you can simply watch that course and then you will understand about blockchain.