The capitalization of the global cryptocurrency market reached $3 trillion in 2021 and has many opportunities for further growth. After metaversion took over the Internet, Web 3.0 has become one of the new “buzz words” in the cryptosphere. While Web 1.0 and Web 2.0 helped grow the Internet world, Web 3.0 has become bolder by focusing on decentralization, giving users the freedom to control their data. But what exactly is Web 3.0?
What is Web 3.0?
Web 3.0 is one of the new buzzwords for the next major evolution of the Internet. Web 1.0 existed from 1990 to 2004 when most websites were static and built by businesses. During this stage, people who saw an opportunity bought domain names to later sell them at higher prices to businesses in need of those domains.
Web 2.0 is the era of user-generated content and social media. Users began to interact and communicate with each other through social networks such as blogs, vlogs and social networks, which eventually became mainstream. The evolution has led to an increase in content creation, where most of the data is controlled by a small group of tech giants like Google, Microsoft and Facebook. It also raised the question of is the user's privacy safe?
As the Internet evolves, Web 3.0 focuses on decentralization based on the concept of peer-to-peer Internet solutions where users control how their data is used. Web 3.0 is expected to increase data transparency and accessibility of blockchain-based content, especially as many applications and services are starting to operate on blockchain technology, metaversion, and artificial intelligence (AI). The use of this technology will help eliminate the need for a central authority to store data and maintain security through distributed consensus. Essentially, Web 3.0 aims to put more control back in the hands of the people, the users, instead of big companies.
How Web 3.0 and Metaverse Are Compatible
Web 3.0 boasts that user experience and scalability go a long way in supporting the user experience. For Web 3.0 to be truly functional, it must achieve three main characteristics - decentralization, scalability, and security. The interaction of Web 3.0 and Metaverse can be seen through the implementation of NFTs, in which users interact with each other using virtual reality technology, and Web 3.0 helps facilitate trading and communication.
Since Web 3.0 is a set of applications on a decentralized platform, interoperability can be achieved by combining applications with the concept of a metaverse. For instance, Decentraland Mana introduced an open connection for a global network of users to manage a shared virtual world by buying and selling digital real estate. To get started, users need to purchase a LAND to determine ownership of the land representing their digital real estate. MANA is used to facilitate the purchase of LAND and goods in Decentraland. The marketplace allows members to exchange LAND tokens and also facilitates interaction between users to make trades for in-game items.
Ultimately, the decentralized internet is a key component of the metaverse because it is less restrictive than centralized applications. In the case of centralized applications, permissions must be requested to ensure interaction.
Top 10 Web 3.0 Tokens
Kusama is a scalable open source blockchain network. Its specialized blockchains are built on top of the framework Substrate. Kusama provides blockchain developers with a platform to be creative and quickly bring innovative ideas to life. The network adheres to the concept of breaking the status quo and returning power to the users. Gavin Wood, Ethereum co-founder and founder Polkadot, created by Kusama.
The network token, KSM, allows voting in governance referendums, appointing validators, validating the network, and linking parasails. The current price of KSM ranges between $170 and $374, with a market value of $1,4 billion. walletınvest is predicts that KSM will reach $2026 by 4,581.970.
Theta is a video streaming platform that rewards users for sharing their extra bandwidth and computing resources. Steve Chen, co-founder of YouTube, says Theta will disrupt the online video industry, just like YouTube did in 2005, albeit in a different way. Theta solves the problem of delivering video to certain regions of the world by reducing costs. However, the quality is not reduced. Theta believes it is important to provide high quality streaming for everyone.
Users are rewarded Theta Fuel token (TFUEL) when they share their bandwidth and computing resources. The Theta Regular Token (THETA) is associated with platform governance. Another advantage of Theta is that it is an open source platform, which allows the community to innovate. Proof of Stake is used to secure the network (PoS) and multilayer Byzantine fault tolerance (BFT). THETA is currently priced at $2,56 and has a market value of $2,56 billion.
Arweave is a decentralized storage network that allows you to permanently store data and applications. Your data is stored on a collectively owned hard drive that is never forgotten. One advantage of this architecture is that no one can overwrite your data. Additional issues that Arweave addresses are 404s, degrading web apps, and stealth editing. If you help support the Arweave permaweb, you will be rewarded with AR tokens. Arweave is community owned and operated. Other ways to earn rewards include renting additional storage space and creating apps for the network.
Arweave is currently priced at $33 and has a market value of just over $1 billion. The network uses blockweave technology, a type of blockchain that links a new block not only to the previous block, but also to a random additional previous block. The network received funding from Coinbase Ventures, Andreessen Horowitz and Union Square Ventures.
If you want to support the decentralized internet, SC is the Web 3.0 coin you'll be interested in. Sia provides another option for data storage. This platform stores your data in the cloud through a decentralized network and allows you to control your private encryption keys. Sia is more affordable than other cloud storage providers, with 1TB of files only costing $1-$2 per month. Siacoin is a cryptocurrency that the platform uses to pay hosters for providing additional hard disk space for data storage. You can acquire SC through mining and trading. Its current price is about $0,0092 and the market value is $0,46 billion.
Flux is a scalable, decentralized cloud infrastructure (not to be confused with other companies of the same name). This cloud software offers products that rival tech giants like Amazon Web Services with the benefits of decentralization. Developers using Flux can create, manage, host servers, and run Web 3.0 applications on multiple servers at competitive speeds. The Flux blockchain is used for governance, parallel assets, and the economy.
Flux also offers an operating system with decentralized features called FluxOS. Anyone can run a platform node and you are rewarded - along with GPU miners - at a 50/50 ratio. Cryptocurrency Flux is turning into Web 3.0 thanks to a recent partnership with tech giants Nvidia to develop it. The partnership gives Flux the opportunity to gain exclusive access to Nvidia's engineers and marketers who will support the continued evolution of the decentralized internet. FLUX is currently priced at $1,46 and market capitalization – $327 million
Since Ocean Protocol provides the tools you need to build Web 3.0 applications, this coin is worth looking into if you want to invest in this area. Ocean Protocol also decentralizes data exchange and access on the Internet. OCEAN token rates buy and sell data, and regulate community funding. It is designed to increase as usage grows. The supply of the token is also spread out over time to encourage long-term stability and near-term growth. The current price of OCEAN is $0,5775 and the market value is $354 million.
This platform is designed to ensure the operation of global financial systems. Kadena provides more secure smart contracts, innovative energy efficiency and PoS security. Unlike many other platforms that consume more power as network demand increases, Kadena continues to use the same amount. Since it uses woven chains, it can process up to 480 transactions per second.
Transactions per second (GST) is the number of transactions that the blockchain network can process every second, or the number of ...
(TPS). As new chains are added, the protocol scales up to higher processing power.
KDA is the token used to process transactions on the Kadena blockchain. In total, there is one billion KDA, which will be mined for 120 years. The cost of one KDA is currently $5,21, while the market value of Kadena is $870 million.
Music lovers will be interested audius. It is a music streaming platform that aims to minimize the need to sign a record label. Musicians can publish their music and build a fan base on Audius. When artists stake on AUDIO, they can unlock badges and artist tokens and get voting rights from their fans.
The AUDIO token provides community-owned control and exclusive access to features. It also helps keep the network secure. Artists supporting Audius include deadmau5, 3LAU, Rezz and The Stafford Brothers. This platform provides high quality audio streaming at 320 kbps. AUDIO is currently priced at $0,8232 and has a market value of over $424,5 million.
root is a decentralized open source platform for collaborating on code. Smart contracts are used to manage access control, and ownership can be shared using multisigs. People can use the RAD token to sponsor projects and participate in governance. RAD is currently selling for $5 and has a market value of $131 million. Radicle is playing an important role in the development of the Web 3.0 space, with over 1 projects already published.
Mission syntropy – solve problems in the Web 3.0 space, making the decentralized Internet even more secure and beneficial for users. Examples of areas she focuses on are security, governance, privacy, reliability, performance, and resource efficiency.
Web 2.0 relies on third parties for security, such as security certificates and trusted authorities. Syntropy eliminates the third party from the data encryption process. The Syntropy Token (NOIA) provides network connectivity. At the time of this writing, the price of the token is just over $0,13 with a market cap of $68,5 million, making it a great early entry opportunity.
Some of the best opportunities in the cryptocurrency market in 2022 and beyond are Web 3.0 coins, metaverse coins, and NFTs. Technology is expanding into the decentralized internet and increasingly includes artificial intelligence and virtual reality. Blockchain technology is also becoming more and more popular.
We believe the 10 coins listed above are the top 10 tokens to invest in if you want to support Web 3.0 and the cryptocurrency market while giving yourself a chance to make a profit.