# Ghost Chains to Goldmines: How to Create Web3 Products That People Want

Source: https://www.coindesk.com/opinion/2024/08/14/ghost-chains-to-goldmines-how-to-create-web3-products-that-people-want
Kiwi News: https://news.kiwistand.com/stories/Ghost-Chains-to-Goldmines-How-to-Create-Web3-Products-That-People-Want?index=0x66c331d3202fcce50a534d74e1b3e6d12a54563ba3b88ee587d0509bcd4522857aa3b965
Submitted by ccarella.eth on 2024-08-19 UTC, 1 upvote, 0 comments

## Summary

Azeem Khan argues that the Web3 incentive structure works against building useful products, and that blockchains, not builders, bear primary responsibility for the stagnation. He says a typical grant of $50,000, or occasionally $150,000, is not enough to build and scale an application, while VCs favor infrastructure investments that can yield token-launch returns. As a result, builders often become "grant mercenaries" who build copy-paste applications across chains. Khan proposes aligning blockchains, builders, VCs and centralized exchanges so that chains attract useful applications, builders secure venture funding, and tokens launch successfully.