- Where can you find Web 3.0 crypto coins?
- How do you define Web 3.0?
- What is the best coin to buy right now that will give you a 10X to 20X return on investment?
We see something new in the crypto market every day, such as DeFi, NFT, Metaverse, and Web3.0. The growth is remarkable in these projects. In addition, several coins are part of Web3.0.
The tech has been drastically changing the landscape of financial markets. It is a future technology catching the attention of individuals and institutions alike. Now or then, investors and traders need to dig the best Web 3.0 projects to invest in. Below, you’ll find all the facts and figures to answer these questions.
Best Web 3.0 projects to watch right now
Web 3.0 intends to use decentralized protocols, the foundation blocks of cryptography and blockchain. As a result, these three technologies will grow closer together.
Web 3.0 refers to the third generation of the internet, where apps and websites will process information considerably more user-friendly. The success of Web 3.0 will rely on technologies such as Big Data, machine learning, and decentralized ledgers.
How much would you earn if you invested in such projects one year ago?
The crypto sector, in general, had a successful year in 2021. October 2021 marked the highest point in the history of crypto market capitalization when it reached $3 trillion.
In addition to the coins themselves, other crypto elements such as non-fungible tokens (NFTs), the Metaverse, and Web 3.0 also experienced significant growth and adoption. Throughout this series, you will gain an understanding of the expanding crypto space and its elements as we step into 2022.
Below are five cryptos you can buy in 2022, taking this into account.
Helium (HNT)
One of the most prominent Web 3.0 cryptocurrency projects, Helium, aims to connect everyone to the internet.
Helium offers a service that competes with internet service providers like Verizon Wireless and AT&T. Users gain access to wireless internet everywhere by combining blockchain technology with physical hotspots. These systems can be bought and installed in apartments. Other Helium users can find hotspots outside the building and connect to them without leaving Helium.
Why does it have the potential to grow?
Hardware owners will significantly benefit from this method of connecting. Each time they connect with another user, they will receive HNT tokens. The use of hardware in busy areas is therefore encouraged. The network will also reward better for growing and gaining popularity as more people join the network. Validators and hotspot providers see HNT as a lucrative opportunity, increasing the number of hotspots available for end-users.
Filecoin (FIL)
You can buy an excess storage network and sell it on this decentralized storage network. Also, it acts as a security and incentive layer for the InterPlanetary File System. Finally, it consists of an online marketplace for unused storage available on consumer hardware and data centers.
Traditional cloud services providers such as Amazon Web Services (AWS) and Microsoft Azure offer centralized servers and IP addresses for user data. A blockchain-based content structure, Filecoin, reduces redundancy and increases efficiency by utilizing hash-addressed content structures.
Why does it have the potential to grow?
Filecoin works on the Ethereum blockchain. It allows developers to interact with Ethereum smart contracts and access Ethereum blockchain data.
The Filecoin network uses FIL for its native cryptography. You can use the money to pay miners for storage/distribution of data and information retrieval. In addition, the FIL is used as collateral to guarantee minimum service levels.
Flux (FLUX)
As part of the Web 3.0 revolution, FLUX is among the top cryptos you can invest in. With Flux, you can create a new generation of websites.
Many projects appear in the Metaverse right now, and one of them is The Sandbox. There is no doubt that The Sandbox is the leading Metaverse project in the market. In this respect, Flux could be compared to the Sandbox.
The Flux platform allows users to build decentralized applications and Web 3.0 services. This project has been enabled by FluxOS, a decentralized operating system designed specifically for users of Flux.
Why does it have the potential to grow?
The platform provides blockchain as a service. FluxOS, a cloud computing service, is accessible to internet users and companies through this platform. Its services enable several use cases, such as data aggregation about Web 3.0.
The concept of BaaS is similar to that of Amazon Web Services. The Flux network operates similarly to the Bitcoin network, and the price of Flux tokens is affected by this. The Flux network is also based on a consensus mechanism called proof-of-work, rare in the blockchain sector. Users use graphics processors (GPUs) to mine FLUX tokens from new data blocks.
Theta (THETA)
Theta’s video streaming platform rewards its users for sharing excess computing and bandwidth. Co-founder of YouTube, Steve Chen predicts that Theta will disrupt the online video industry similarly to how YouTube did in 2005.
Theta’s low-cost video delivery solves the problem of delivering video to specific regions worldwide. It doesn’t sacrifice quality, either. It is essential to Theta that everyone has access to high-quality streaming.
Why does it have the potential to grow?
Theta Fuel tokens are awarded to users who share their computing resources and bandwidth. Platform governance is connected to the regular Theta token. Moreover, Theta is an open-source platform that allows community members to innovate. Proof of stake and multilevel Byzantine fault tolerance (BFT) are used to secure the network. THETA’s current market cap is $2.56 billion. It is priced at $3.26.
Chainlink (LINK)
Blockchain network Chainlink, based on Ethereum, is a decentralized network. By utilizing an Oracle network, access is granted to offline data (outside the blockchain) by utilizing an Oracle network, combining conventional data with a decentralized environment.
Chainlink gives smart contracts access to information not contained within the blockchain. You can receive data from smart contracts in this way, including payment information, temperature data from a sensor, and even football scores.
Why does it have the potential to grow?
Several large data providers and node operators feed information to the smart contracts in the Chainlink network. In addition, LINK, the blockchain’s native token, can be used as a revenue source by node operators in the network.
Currently, it has a market cap of over $13 billion, making it the most prominent Web 3.0 coin.
Final thoughts
A decentralized version of the virtual world is one of the goals of Web 3.0. This generation of the internet aims to increase the number of online applications and the utility of the web. Web 3.0 describes what the web of the near future might look like. Essentially, social media platforms, marketplaces, search engines, and other platforms will be built on the blockchain and enabled by cryptocurrencies in the era of Web 3.0.
At the moment, Web 3.0 has introduced new coins, and we see more development, so we can expect many potentially strong crypto coins to appear in the coming days, replacing some cash in this list.