How to master WEB3 in 2024 (Complete Roadmap and Syllabus)

Summary

This video offers a comprehensive guide to learning web3 and blockchain development, structured into four parts. It begins with an industry overview, addressing use cases and monetization, then delves into the web3 cohort syllabus for self-study. The speaker emphasizes building ambitious projects for effective learning. The syllabus covers blockchain basics, wallet creation, and understanding transactions, leading to developing full-stack applications. It progresses to smart contract development on Ethereum and Solana, exploring tools, syntax, and practical deployment. The course aims to equip learners with the skills to build and understand decentralized applications, covering both foundational and advanced topics.

Takeaways

• 📚 The video is structured into four parts: an industry overview, a comprehensive syllabus for learning web3, free resources, and project ideas.
• 💼 To excel in any industry, including web3, the speaker suggests building ambitious projects that are currently profitable in the market.
• 🚀 The video emphasizes the importance of understanding blockchains, layer one and layer two protocols, and their applications in web3 development.
• 💰 Web3 applications, such as wallets, decentralized exchanges, and NFT marketplaces, generate revenue primarily through swap fees and transaction fees.
• 👨‍💻 For web3 developers, the majority of time is spent on client-side tasks, such as JavaScript, web2 backends, and frontend development, with a smaller portion dedicated to blockchain-specific tasks like smart contracts.
• 🔑 The video introduces foundational concepts like private and public keys, transactions, and wallets, which are crucial for beginners in web3.
• 🛠️ The syllabus covers a wide range of topics from basic blockchain understanding to advanced concepts like creating smart contracts and decentralized applications.
• 🌐 The course aims to take learners from a 0 to 1 understanding of web3, focusing on client-side logic and interactions with blockchains, to a 1 to 100 expertise where they can build and deploy their own smart contracts.
• 💡 The speaker provides practical advice on learning web3 by building projects and understanding the jargon, which is beneficial for both personal growth and professional interviews.
• 🆓 The video concludes with a list of free resources for learning web3, including courses, documentation, and video tutorials, encouraging self-driven learning.

Q & A

What are the four parts the video is divided into?

The video is divided into four parts: 1) An overview of the web3 industry, use cases, and whether it's a scam or has legitimate use cases; 2) A complete syllabus of the web3 cohort for self-study; 3) Discussion of project ideas for building along with the video or independently; and 4) A basic overview of the industry and the definition of ambitious projects in the context of learning web3.

What is the importance of building ambitious projects when learning web3?

Building ambitious projects is important for learning web3 because it provides high context and practical understanding. Ambitious projects are those that are currently making money in the industry, such as AI models or applications like image generation tools. By understanding how these projects are built, learners can gain a deeper and more practical knowledge of the technology.

What are layer zero protocols in blockchain technology?

Layer zero protocols are frameworks that allow the creation of layer one blockchains. They facilitate the process of building your own blockchains, hence they are called 'layer zero'. Examples mentioned are Cosmos and Karot, which are protocols that enable the development of new blockchains.

How do wallets in web3 make money?

Wallets in web3 make money primarily through swap fees. When users swap cryptocurrencies within the wallet, a portion of the transaction fee is taken by the wallet provider. For instance, Phantom and Metamask earn money this way, as they facilitate the swapping of assets and charge a fee for the service.

What is the role of decentralized exchanges (DEX) in web3?

Decentralized exchanges (DEX) in web3 allow users to swap crypto assets directly from their own wallets without a centralized authority. They make money via swap fees, similar to wallets, and provide the underlying logic for the swaps that wallets initiate. Examples of DEXs include Uniswap on Ethereum and Orca on Solana.

What is the significance of layer two (L2) blockchains in scaling solutions?

Layer two (L2) blockchains offer scaling solutions by handling transactions off the main chain (layer one) and then rolling up the compressed transactions to the main chain at intervals. This approach allows for faster and cheaper transactions while still benefiting from the security of the main chain like Ethereum.

How do NFT marketplaces make money?

NFT marketplaces make money through swap fees charged on every transaction involving the buying or selling of NFTs. The marketplace facilitates the trade and earns a fee for the service. OpenSea on Ethereum and Magic Eden on Solana are examples of popular NFT marketplaces.

What skills does a web3 developer need to focus on according to the video?

A web3 developer should focus on client-side JavaScript, understanding web2 backends, front-end development, RPC calls, and deploying to production. Additionally, learning blockchain-specific languages like Solidity for Ethereum or Rust for Solana is crucial for writing smart contracts.

What is the recommended approach to learning web3 as outlined in the video?

The recommended approach to learning web3 is to focus on building projects that integrate web3 technologies into web2 applications, understand the client-side logic deeply, and gradually move into more complex concepts like smart contracts and blockchain indexing. The video suggests starting with 0 to 1 concepts before moving onto the 1 to 100 level of complexity.

What are some free resources mentioned in the video for learning web3 development?

Free resources mentioned in the video for learning web3 development include Alchemy's Solidity course, Solana's Program Library, and various online tutorials and courses such as those found on sold.dev. Additionally, the video creator's own channel offers free videos on rust, Solana wallet adapters, and complete web3 boot camps.