Risk: Moderate

Starting a Blockchain and Web3 Application Development Services side hustle from scratch can be risky for someone who can't afford to lose money. The potential losses include money spent on training, tools, and marketing, as well as time and energy invested in learning and building a client base. Beginners may spend money on courses or software without seeing immediate returns. Startup costs, ranging from $500 to $2000 for training and software, might not pay off if clients are hard to acquire. Online discussions highlight instances of people failing to profit due to high competition and lack of experience.