Blockchain technology is the upcoming revolution in the technology world. Internet is one of the fastest areas where technology is being used. As per the current trend, people are willing to invest in blockchain and crypto. But, Web 3.0 will be the new breed of the internet that will become the decentralized version of the virtual world. This new version of the internet will allow people to interact and collaborate without the need to worry about central and data-specific repositories.
Web 3.0 will bring transparency and users can explore endless resources, content, and agreements accessible to all. Web 3.0 will allow apps and websites to process data in a human-like way. Technologies like big data, machine learning, and decentralized ledgers will help Web 3.0 grow. In this article, we will talk about the top web 3.0 cryptocurrencies that will boom in 2022.
Top 10 Web 3.0 Cryptocurrencies to Invest in 2022
Ethereum is one of the best Web 3.0 coins to buy and hold forever. It is because the cryptocurrency locates at the heart of the Web 3.0 ecosystem. Additionally, many of the leading Web 3.0 projects are built on top of the Ethereum blockchain. It can be a wide range of decentralized finance networks, Metaverse coins, DApps, and much more. Moreover, web 3.0 allows anyone to create and deploy smart contracts. Ethereum is more related to smart contract agreements than any other crypto project. It is the second-largest coin in terms of market capitalization after Bitcoin. It was launched in 2015 and it is one of the best-performing cryptocurrencies in recent years.
Helium is a decentralized network powered by blockchain for the Internet of Things (IoT), devices using the proof-of-coverage algorithm. With Helium, users can build decentralized wireless infrastructure on any scale, allowing low-power devices to communicate with each other and transmit data over a network made up of nodes called hotspots, each of which covers a certain portion of the network. The hotspots also serve as miners. Network users who buy or build a hotspot both operate the network’s nodes and mine HNT, which is the Helium network’s native cryptocurrency.
- Chain Link
LINK is a blockchain abstraction layer that enables universally connected smart contracts. Chainlink has the ideal combination of a viable project with an excellent team behind it and the resources necessary to further its development. The best part: Chainlink has a strong community of supporters, who see it as a viable platform for oracle services. Chainlink’s native coin, LINK, has seen increased demand recently and beat Shiba Inu as the most widely traded and held cryptocurrency by the largest holders of ether.
Filecoin is a decentralized storage network or decentralized cloud storage. It seeks to replace traditional cloud storage services with a blockchain-based network that enables participants to earn tokens by renting out their unused disk space. Filecoin can store any kind of data, including videos, photos, and text. The project’s team claims its platform is secure enough to store more sensitive information like private company information and records. Filecoin was founded by Juan Benet, who also created IPFS — the InterPlanetary File System — which serves as the underlying technology for Filecoin.
Flux is a platform that aims to help developers create applications and deploy them on different networks at the same time. It can also be used to create decentralized projects. Flux offers an oracle design with an exclusively decentralized infrastructure that lets users access data on- and off-chain. With the help of Flux, users can develop Web 3.0 applications and decentralized projects and then deploy them across various networks. This becomes especially efficient with the help of FluxOS—a decentralized operating system made just for Flux users. It also offers blockchain-as-a-service (BaaS), which is very similar to SaaS.
Audius is a decentralized music-streaming platform that aligns the interests of artists, fans, and node operators by rewarding them with its native token. The token can be used for governance and staking while also incentivizing artists’ earnings. Audius also rewards its creators by featuring their music in the weekly trending lists.
- Basic Attention Token
The Web 3.0 ecosystem is changing the way we interact with technology. One sector that many market commentators believe will be revolutionized by this new technology is digital marketing. Users are inundated with advertisements when browsing their favorite websites – many of which are completely irrelevant to our needs and interests. Moreover, although marketing agencies pay websites to display their ads, none of this revenue drips down to those that view the respective material. And this is where Basic Attention Token is looking to change the status quo. This top-rated project – through its Brave Browser, allows users to earn crypto coins for viewing ads. Most importantly, these ads are relevant to the user in question – in terms of products and services that are likely to be of interest. From the perspective of digital marketing agencies, Basic Attention Token ensures that advertising funds are being used appropriately. You can benefit from the growth of Basic Attention Token by purchasing its BAT crypto coin.
The Web 3.0 project ecosystem is becoming more and more fragmented, with a large number of projects offering solutions to real-world problems but without any interoperability between them. This can hinder the growth of the Web 3.0 ecosystem. Cosmos is a protocol that solves this ongoing issue of blockchain interoperability by enabling different blockchains to connect and communicate with one another. For instance, as Bitcoin and Ethereum are independent of one another, there is no way for the two blockchains to share data. This can be achieved when going through the Cosmos protocol, allowing all crypto coins in the market – whether that’s Decentraland or Uniswap – to communicate with each respective blockchain network via Cosmos.
Tron is a blockchain-based decentralized protocol that aims to build a free, global digital content entertainment system. The project was created by Justin Sun in 2017 and is based in China. It could play a major role in the future of Web 3.0, not least because it puts the content back into the hands of its rightful owner—the creator. That is to say, in its current form, content creators—whether that’s in the form of videos, songs, or articles—are required to go through third parties to market their material. This means giving up a large chunk of any revenue that the respective content generates. For instance, when videos are posted on YouTube, the platform will take a sizable percentage of the advertising revenue that the content makes. This is where Tron comes in as it allows creators to market their content directly to audiences and receive most or all advertising revenue generated from their work.
Metaverse is an emerging concept that has grown exponentially in the past year. The long-term concept of the Metaverse is to bridge the gap between digital and the real world via virtual reality. At the forefront of this is Decentraland, one of the best metaverse coins, which is home to a hugely popular gaming world that allows users to invest in digital land plots. These land plots can then be used to build real estate projects—which cover anything from apartments and villas to shopping malls and casinos—that have already sold for millions of dollars. This demonstrates that the Web 3.0 ecosystem already has a proof of concept.
The advent of Web 3.0, along with the support for its concepts by a growing number of individuals, makes the rise of Web 3.0 cryptocurrencies inevitable. The advent of Web 3.0 is built on the concepts of greater utility, openness, and decentralization. Since the proponents of these concepts are increasing with every passing day, the higher support for them could result in Web 3.0 tokens becoming lucrative investments. However, cryptocurrency is still a highly speculative investment. Do your homework before you invest and don’t invest money you can’t afford to lose.