The cryptocurrency industry is nothing short of obsessed with reaching Web3, and while doing so will require a long time and a lot of development, the industry is feeling quite motivated. This led to the creation of countless Web3 projects that are either in development right now, or live already.
Of course, different projects are dedicating themselves to different ways of bringing forth Web3, while some are even developing Web3 services in expectation of the industry reaching this next stage of the internet. It is important to understand that these are mostly the projects that will reach their prime after the Web3 is established already, so while most of them are meant to be long-term investments, the hype surrounding them and their services has already had a positive effect on their prices.
Of course, the bear market is still affecting them as much as the rest of the crypto world, but despite this, there is great potential in this sector of the crypto industry, which is why we decided to create a list of projects for you to consider investing in right now. Those include the following.
The first on our list is Chainlink — a well-known and high-ranking project that developed a network of decentralized oracles. The oracles have a simple yet crucial role — they act as a bridge between the real world and the blockchain. Their job is to harness the real-world data and transfer it to the on-chain world, thus granting smart contract access to the information they need in order to self-execute when the time is right.
Without Chainlink, smart contracts would be isolated and they would never be able to reach their full potential, nor communicate with other chains and contracts, so the importance of this project is clear from the start.
To learn more visit our Investing in Chainlink guide.
Next, we have Filecoin, which is a decentralized storage system that aims to replace clouds and similar data storage systems offered by centralized companies. Filecoin allows users to keep their privacy, as well as the privacy of their data, by storing it in a decentralized way. That way, the file owners would be the only ones who can access and read the stored files, even though they will be stored across the network, split into multiple smaller pieces, and fully encrypted.
It is the next level of securing data by using the security of decentralized blockchains themselves, and it has all the makings of the future standard for secure file storage.
To learn more visit our Investing in Filecoin guide.
Arweave is also a decentralized storage network, and its goal is to offer indefinite storage of data. Essentially, the platform describes itself as a collectively owned hard drive that never forgets. The project is paying its miners using its native token, AR, to store the network information on their devices indefinitely.
The project aims to ensure the collective ability to store and share information between individuals, but also across time and new generations, which makes it the ultimate long-term investment.
To learn more visit our Investing in Arweave guide.
The fourth on our list is Siacoin, which is the native crypto of a blockchain-based, distributed, decentralized cloud storage platform, Sia. The project acts as a trustless, fully secure marketplace for cloud storage. The way it works is that it grants users who have extra unused storage the ability to contribute it and get paid in return.
Meanwhile, those who need storage can use the donated space in a 100% safe and secure way for them and their data alike. As you can see, storage protocols are quite numerous, which is perfectly sensible given the growing demand, and the fact that most of our information is already online, and even more will come in the future.
To learn more visit our Investing in Siacoin guide.
5. Router Protocol
The fifth on our list is Router Protocol, which is a cross chain liquidity aggregator platform that was created to provide bridging infrastructure between Layer 1 and Layer 2 blockchains. The project has just launched its bridging solution, Voyager, making it a separate entity and allowing its use for transferring data and money seamlessly between different chains.
Projects like Router Protocol are working directly towards establishing Web3, which is where their potential lies. Interoperability is the foundation upon which Web3 will be built, and so they are a crucial component of the internet of the future.
To learn more visit our Investing in Router Protocol guide.
Halfway down the list, we have Audius. This is a project that aims to tackle the problems of the music industry, primarily when it comes to intransparent music rights ownership and the fact that agencies that work in this industry are offering unfair deals to creators. For the most part, agencies tend to keep the majority of the money that music makes, using other people’s hard work and passion for music to get rich themselves.
Audius will allow artists to share their music with the community directly, and get paid for it. Furthermore, the project will also allow artists to create premium content and earn from the fans willing to pay to get it, thus cutting out the middle-men and making things cheaper for the fans, and more profitable for the artists at the same time.
To learn more visit our Investing in Audius guide.
7. The Graph
Up next, we have The Graph, which is an indexing protocol for querying data for networks such as Ethereum. It powers numerous applications and DeFi, as well as the broader Web3 ecosystem. The project allows anyone to build and publish open APIs, which are called subgraphs in its ecosystem. Apps can query these APIs through GraphQL, and use it to retrieve blockchain data.
It also has a hosted service in production that will make it easy for new developers to start building using The Graph, as well as a decentralized network that is approaching its launch.
To learn more visit our Investing in The Graph guide.
Moving on, we have Helium, which is a project developed to create an easy way for the Internet of Things (IoT) devices to connect to one another and easily communicate. Its mainnet offers all low-powered wireless devices to connect to one another, the internet, and the blockchain itself, thus feeding data directly to the on-chain ecosystem.
This can have huge implications, as it can allow devices like sensors to measure the quality of water, air, and other things in real-time, and provide this real-world data to smart contracts, applications, and services whose jobs depend on knowing such details. As such, Helium will be a crucial project for creating and operating smart cities and smart environments, in general.
To learn more visit our Investing in Helium guide.
In the ninth spot, we have Chromia, which is an open-source public blockchain that acts as a standalone L1 chain, as well as an EVM-compatible L2 enhancement for BSC and Ethereum. It was created to enhance the existing dApps, and to allow for the creation of the next-gen dApps by providing scalability, improved data handling, as well as customizable fee structures.
It uses its unique architecture and custom programming language called Rell, which was created to code and function in a similar way as SQL. That way, developers can leverage the security and immutability of blockchain while storing data and handling it with the efficiency of a relational database. While a bit more technical than other projects on the list, Chromia still plays an important role in the Web3 creation and handling, which is why it deserves a place on this list.
To learn more visit our Investing in Chromia guide.
The tenth on our list is a project called Civic, which is an identity management solution built on blockchain. The project allows individuals and businesses to use tools needed for controlling and protecting their personal identity information on-chain.
The platform wishes to change the way people think about identity verification. It grants users more control over their personal data and lets them access a wide range of services without the need to fork over excessive amounts of personal info and leave it out in the open for anyone to pick up and use. Plus, all of your sensitive data will be stored on your own mobile device, and you can simply authorize sharing any amount of it that you desire with a biometric signature using the Civic app.
To learn more visit our Investing in Civic guide.
Nearing the end of our list, we have Braintrust. This is the first-ever decentralized talent network that aims to offer a new and improved way of connecting skilled workers with the employers who require their services. The community would rely on Braintrust to find work for them, while companies would rely on the project’s system to offer them capable, hardworking individuals who are experts for the job.
And, since the community of knowledgeable workers and contributors earn ownership and control of Braintrust through its native BTRST token for their contributions to the network and for helping its growth — new talents and jobs alike have been coming to the network at major speeds.
To learn more visit our Investing in Braintrust guide.
The last on our list is Hive, a decentralized information sharing network that comes with an accompanying blockchain-based financial ledger built using the DPoS protocol. Hive can be used for sharing many different typed of information-sharing applications, including Myriad dApps, APIs, front-ends, and more.
It offers straightforward accessibility of data, transactions, and records, and the existing diversity and utility of information ensure that the ecosystem will always be welcoming to content creators, investors, consumers, and builders alike.
To learn more visit our Investing in Hive guide.
Web 3.0 is the future of the crypto and blockchain industries, but also much more than that — the future of the internet itself. As such, this is a very exciting period for everyone in the world, whether they are aware of it or not. For those who are, however, this period also opens up an opportunity to invest in projects that will lead to the rise of Web3, and go extremely big once the upgrade to the next version of the internet starts happening.
With that said, consider the projects above, and if you believe that they have the potential to go big — buy their tokens this July, and wait for their prices to reach the moon.