Group 1 - The development costs of Web3 projects are highly variable and influenced by factors such as project type, complexity, technology stack, team location, size, and experience [1][3][4] - Different types of Web3 projects have significant differences in development difficulty and costs, with estimates ranging from tens of thousands to millions of dollars depending on the project type [4][8] - The estimated cost ranges for various project types include: - Simple DApps/NFT platforms: $30,000 to $150,000 - DeFi protocols: $150,000 to $500,000 - Web3 games/Metaverse projects: starting from $100,000 to several million dollars - Blockchain/sidechain development: typically starting from several million dollars [4][8] Group 2 - The main components of Web3 project development costs include: - Development phases such as MVP/basic features (30%-40% of costs), advanced features/optimizations (20%-30%), security audits (10%-30%), and deployment/testing (5%-10%) [9] - A typical development cycle lasts between 3 to 6 months and involves a team of 4-8 members [8][9] - The costs associated with security audits can range from $10,000 to over $100,000, depending on the complexity of the smart contracts and the reputation of the auditing firm [9] Group 3 - The daily rates for different development teams vary significantly: - Freelancers in Asia/Eastern Europe: $300 to $800 per day - Regular development teams in Asia/Eastern Europe: $5,000 to $15,000 per month per person - Specialized Web3 development agencies in North America/Western Europe: $10,000 to $30,000 per month per person [5][6][7] - It is crucial for projects to prepare detailed functional requirement documents (PRD) and smart contract design documents before starting to ensure accurate quotes and timelines [10]