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Blockchain technology is changing a lot of things, and one of the areas where blockchain technology is expected to record major gains is the internet. The internet is moving towards blockchain, and the same way that blockchain changed the financial system is the same way that is expected to change the internet.
The rise of decentralized finance (DeFi) is contributing to the growth of Web 3.0. In essence, Web 3.0 will do the same thing for the internet that DeFi does for the financial sector.
Now that DeFi has gained massively in just a few years imagine the gains that Web 3.0 will achieve, given that blockchain technology is already a popular concept that many people are looking towards to create a space for themselves in the future of technology.
Projects developing web 3.0 solutions are already receiving attention in the market. Investing in Web 3.0 cryptos is the only way investors can stay ahead of the technological revolution.
Web 1.0 was the first version of the internet. Web 2.0 kicked in with the launch of Google, Amazon and other tech giants that we now know. Web 3.0 seeks to take away the power of these corporations' power and give this power back to the people.
Web 3.0 will come into play over the next few years because of how blockchain is becoming mainstream. On the blockchain, decentralization is made possible by the use of smart contracts, and this automates transactions. As people seek control over their internet usage, Web 3.0 is expected to be a major hit once it comes into the market.
If you want to invest in Web 3.0 cryptocurrencies, below are the top choices in the market.
1) Helium Network (HNT)
The first move towards decentralization is decentralizing access to the internet. Access to the internet has become like a basic need, and people are now having a hard time without accessing the internet.
The Helium Network steps in to ensure that the internet can be accessed by everyone in the world. It seeks to make the internet accessible like other services such as healthcare and shelter.
Helium offers a web service solution developed to compete with giants in the market such as Verizon. It uses blockchain technology and has set up physical hotspots that allow users to gain access to physical hotspots globally.
Users on the Helium Network can buy the hardware hotspot and store this internet in a building such as an apartment. If a user outside of this apartment wants to gain access to the wireless network, they can reach out and connect to the hotspot at their convenience, which allows everyone to have internet access.
When others connect to the internet, the hardware owner benefits greatly, as they will earn NFT coins. Therefore, coverage providers get incentives to deploy this hardware in areas with high traffic.
The end-users of this hotspot will receive rewards when they participate more in the network and increase its popularity. Because of this, the Helium network can be a lucrative venture for many players in the internet sector.
In terms of development, the Helium network development is also working to ensure that it remains competitive among other Web 3.0 projects. It is working on developing a fleet of 5G compatible hotspots to offer fast connection speeds.
To learn more visit our Investing in Helium guide.
2) Flux (FLUX)
Helium is seeking to offer basic access to the internet with its list of product offerings. FLUX also ranks among the top web 3.0 cryptos you can invest in. The Flux network seeks to create a new generation of the web.
Currently, the metaverse is booming, and one of the projects making notable gains in the area is The Sandbox. The Sandbox is the leading metaverse project, and it has created a strong name in the market. Therefore, you can compare Flux to The Sandbox in project development.
Users can create Web 3.0 applications and decentralized projects on the Flux network. The project is made possible by FluxOS, a decentralized operating system that has been specifically created for Flux users.
Flux operates through blockchain as a service (BaaS). This is quite different because it allows internet users and companies to use FluxOS and cloud computing services. The network offers several use cases for its services, including data aggregation regarding Web 3.0.
BaaS is similar to what Amazon Web Services (AWS) offers. Moreover, the Flux network also runs through a proof-of-work consensus that is becoming rare in the blockchain sector. Users use new data blocks to mine FLUX tokens using graphics processing units (GPUs). This is similar to how the Bitcoin network operates, and it affects the prices of FLUX tokens.
To learn more visit our How to Buy FLUX guide.
3) Filecoin (FIL)
The other thing on the list is Filecoin. Filecoin is a filing system that can be used for Web 3.0. The Filecoin network acts as a decentralized storage network developed to be a safe alternative to cloud-based storage services.
Filecoin wants users on the network to have control over the storage of their devices. The Filecoin network seeks to store data virtually, whether an audio file, video, text, or static imagery.
The Filecoin network also claims to be more secure for critical data. Therefore, it can come in handy to store company information and datasets. Operating on the blockchain network uses cryptography, which keeps the files secure.
Besides storing data, the network also makes data retrieval east. The network uses geographical data to link users and providers. When you store data on the network, the Filecoin network will look for a nearby provider to make data easily accessible.
To learn more visit our Investing in Filecoin guide.
4) Ocean Protocol (OCEAN)
The other protocol that offers all the tools needed to build a Web 3 solution is the Ocean Protocol. Its native token, OCEAN, makes one of the best investments for those looking to invest in a Web 3.0 token with much potential.
The Ocean Protocol has developed the tools needed to develop Web3 applications. The protocol focuses on Decentralizing the concept of data sharing on the internet, which offers access and transparency when handling data.
The Ocean Protocol is achieving much growth, given that the network is also working in developing its stablecoin, which will be similar to DAI. This stablecoin aims to bring stability to the Ocean Protocol and make transactions on the network easier. This could contribute to the further growth of the network.
The OCEAN protocol is well-established in the Web 3.0 data economy. Its ecosystem is rapidly growing, making it one of the ideal bets for 2022. With the growth of Web 3.0 and the potential of this technology in the future, the network and its native token could record major gains in the future.
The historical performance of this token is also something that you can reckon with, given that it has been on a notable uptrend. If it continues making notable developments, it could be headed towards an even bigger uptrend, making it one of the Web 3.0 tokens that you should definitely consider investing in.
To learn more visit our Investing in Ocean Protocol guide.
5) Polkadot (DOT)
If you have been in the crypto market for a long, you have definitely come across Polkadot. However, many do not know that Polkadot is actually a Web 3.0 crypto. The network is known for seeking scalability and compared to Ethereum, it ranks highly when it comes to achieving scalability by charging low fees and offering fast speeds.
Polkadot has a market capitalization of more than $42 billion, but it also ranks as one of the top ten tokens in the market. Because of its top-ranking position in the cryptocurrency market, it stands to be a leader in the market, and it could head the decentralized internet sector.
One of the things that the Polkadot network is known for is the parachains auction. Parachains is a sharding technique on the network that aims to make this network scalable by giving it fast speeds and making it a Web 3.0 solution that you should most definitely consider.
Moreover, the Parachains auction is running and is expected to continue for several months. Therefore, it makes for good crypto to invest in for short and long terms.
Moreover, the Polkadot development team is also popular to ensure that the network ranks highly in the market. The network takes care of the developments in the market, so it is expected to take over the market.
To learn more visit our Investing in Polkadot guide.
Web 3.0 is believed to be a major gamechanger in bringing the internet into the blockchain. Similar to the growth of DeFi, Web 3.0 is also expected to make major gains, as people seek to have more control over how they use the internet.
Above are some of the top Web 3.0 cryptocurrencies in the market. However, as Web 3.0 becomes more popular, more projects and coins in the field will sprout, leading to more investment choices. Nevertheless, what remains certain is that Web 3.0 will be a big part of the future.