Web 3.0 is a new phenomenon of the internet that strives to be the decentralized version of the virtual world. Users may communicate and collaborate intelligently via this network, without having to bother about central and data-specific repositories.
A lot of things are changing as a result of blockchain technology. The internet is one of the most unique areas where growth is expected to be made. While the majority of the world’s population is attempting to innovate new ways to invest in blockchain and cryptocurrency, Web 3.0 is going to emerge as the foundation of something much larger than the IT industry could have envisioned.
Web 3.0 strives for transparency, and users will see an abundance of resources, content, and agreements that are open to everybody. Web 3.0 tokens are decentralized projects that will employ smart contracts to automate online transactions. So, here is a list of the best Web 3.0 cryptocurrencies that are striving to build new technology and should be purchased before 2022.
Helium (HNT)
Helium is a decentralized blockchain-powered network for IoT devices that utilizes a global network of low-energy wireless hotspots to broadcast data through radio waves to be recorded in the blockchain. The network uses a new algorithm, known as the proof-of-coverage consensus, to validate that the hotspots are providing legitimate wireless coverage.
Flux (FLUX)
Flux aims to provide the groundwork for the developers to build out this new iteration of the web. 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.
Filecoin (FIL)
Filecoin is like the filing cabinet for Web 3.0. It is a decentralized storage network that serves as a secure alternative to centralized cloud storage and a passive way of making money. Filecoin can be used to store almost any type of data, be it audio files, videos, still images, or text. It also claims to be secure enough to store more sensitive information like private company information and records.
Polkadot (DOT)
Polkadot is one of the most popular cryptocurrencies in the global market, but investors might not know that it is actually a Web 3.0 project. The network is known for seeking scalability and compared to Ether, it ranks higher when it comes to charging low fees and offering fast speeds. Because of its top-ranking position and gradual rose in market value, DOT can stand as the market leader, and head the decentralized internet sector.
Kusama (KSM)
Investing in Kusama is like taking a detour via Polkadot. Kusama was set and carried out due to its proven records for the success of parachains. Developers can use this crypto to solve various problems related to their projects. Just like DOT, developers compete to get a spot on the Kusama network through parachain auctions. Experts consider Kusama is a profitable short-term investment as the network is older and stronger.
Livepeer (LPT)
Livepeer is a decentralized video streaming network built on the Ethereum blockchain. The protocol provides cost-effective broadcast and streaming services directly at the Web 3.0 video stack layer. The Livepeer protocol defines the secure and most cost-effective participation of the various actors in the streaming ecosystem. It mainly addresses two goals- distribution of real-time video and encouraging network participants.
BitTorrent (BTT)
BitTorrent is the first torrent tracker and the most potent peer-to-peer network in the world. Large files are divided into fragments and transmitted over the web in a fragmented form, merging into one whole on the recipient’s computer. Everyone who downloads the file from the network automatically becomes a part of the distribution.
Ocean Protocol (OCEAN)
OCEAN is another crypto that offers all the tools needed to build a Web 3.0 solution. The token makes one of the best investments for those looking to invest in a Web 3.0 token with much potential. The protocol has developed several tools needed to develop Web 3.0 applications. The protocol also focuses on decentralizing the concept of data sharing on the internet, which offers access and transparency when handling data.
Kadena (KDA)
Kadena is a scalable PoW layer-one blockchain protocol that claims to be capable of processing up to 480,000 transactions per second (TPS), thanks to the use of use braided chains. Unlike the top PoW cryptocurrency Bitcoin, Kadena offers smart contract capabilities similar to those in Ethereum.
ZCash (ZEC)
ZCash is one of the first privacy-built cryptocurrencies, which was developed by a group of scientists from John Hopkins, MIT, and other eminent academic and scientific institutions. Interestingly, this privacy coin was originally built on the Bitcoin codebase with the only difference of being a privacy feature option.
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
VinceH
Coincu Ventures
The crypto industry campaign spent $135 million supporting over 50 U.S. election candidates in 2024,…
Major investors are heavily purchasing specific tokens they think have great development potential when huge…
Crypto is still shaking up the financial world, and the latest players in this space…
Discover why BlockDAG (BDAG) is emerging as a strong competitor to Kaspa (KAS) with its…
With financial inclusion and customer-first on top of mind, founded in 2018, BitMart is a…
Finding the best crypto to join right now can feel like searching for a gem…
This website uses cookies.