#34
Agathe Laurent Richard
@ CRYPTO TABOO | Launch Strategy, Marketing Management
Competitive analysis is a critical element in marketing, requiring a deep dive into the strategies, protocols, and business models of potential competitors, alongside a robust evaluation of your own business's strengths and weaknesses.
The transparency and immutability of blockchain technology provide web3 businesses with access to invaluable data, enabling thorough and precise analyses. In the ever-evolving web3 ecosystem, competition extends beyond traditional products and services to decentralized protocols and innovative economic models. The key to success lies in a deep understanding of the community.
A DeFi platform, for instance, could analyze competitor protocols on the blockchain to decipher their economic models. By pinpointing the strengths and weaknesses of its competitors, it can fine-tune its own protocol to better serve its community, thereby securing a competitive edge.
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1 年Analyzing the competition in the Web3 world is like navigating a vast blockchain ocean. ????