Cryptocurrencies are accelerating the upturn of Web 3.0. It is the decentralized blockchain networks Internet of the future built on decentralized blockchain networks. Web 3.0 is the new procreation of the internet. It is objected to becoming the decentralized virtual world genre.
Therefore, the network allows users to skillfully interface and combine regardless of panicking for the depositories that are data-defined. Web 3.0 endeavors for exposure hence, the users may gain boundless content, resources, and acquiescence. All those exposures will be available for all.
In the next section, we will explore top Web 3.0 crypto projects that are aspiring to create new technology to buy and gain potential profits.
Best Web 3.0 coins to invest in 2022
Before proceeding to one by one let’s see the list of tokens that we should consider to keep in our watchlist:
- Arweave (AR: $1.9B)
- Audius (AUDIO: $708M)
- Basic Attention Token (BAT: $1.3B)
- Bittorent (BTT: $2.3B)
- Filecoin (FIL: $3.7B)
- The Graph (GRT: $3.1B)
- Helium (HNT: $3.9B)
- Chainlink (LINK: $8.8B)
- Livepeer (LPT: $791M)
- Siacoin (SC: $615M)
What is Arweave?
Arweave is a decentralized repository network that allows users a permanent reserve for applications and data. In AR, the data will be reserved on a hard drive that is owned synchronously. No one will be able to overwrite the data which is a major convenience of AR structure.
How does Arweave work?
Arweave is a new technology utilizing a structure of the database to reserve data unavailable to overwrite or delete. It utilizes economics to incentivize people to save the data for a longer time period. The combination of Arweave makes either public or private data everlasting. Therefore, Arweave is also called ‘permaweb’.
What is Audius?
Audius is a music broadcast platform that draws a bead on reducing the significance of record label signing. Audius helps out the musicians allowing them to publish their music on it. It also supports fabricating a fan base. Performers get to open badges and artist tokens while staking Audius. Besides, fans provide voting power to performers they admire.
How does Audius work?
Audius eliminates the intermediary in the conventional music industry. It directly connects artists with their fans. Artists are the only owner of their music. Therefore, the artists make decisions about the monetization of their music on the platform. Artists are the one who determines whether to distribute their music completely free of cost. Moreover, artists may set custom charges for their fans if they want to unlock exclusive content.
Basic Attention Token (BAT)
What is BAT?
The basic attention token is a network established on blockchain technology. BAT draws a bead on to give security, integrity, and, proficiency in digital advertising via blockchain. It is the domestic token of the Brave which is an Ethereum based web browser. The cryptocurrency BAT is developed to be legitimately swapped by advertisers, users, and publishers.
How does BAT work?
BAT runs on a web browser named Brave, a free browser that proclaims to load 3-6 times speedier than competing offerings. Because if users opt-in to see advertisements then only BAT only presents them to the users. Besides, Brave utilizes the Brave Micropayments Ledger for tracking the BAT’s movement. The Ledger permits advertisers, readers, and publishers to penetrate into smart contracts for making payments among each other.
What is BitTorrent?
BitTorrent is the world’s first and most prominent decentralized peer-to-peer network. It was retrieved by the TRON Foundation. As per the official website of BitTorrent, it utilizes domestic coin BTT. Also, it is possible to gain BTT through seeding files.
How does BitTorrent work?
BitTorrent split the large files into pieces and send them over the internet in that format. Afterward, reconstruct those pieces into a single file to the receiver computer. If anyone downloads any file from the network will spontaneously be added to the distribution.
What is Filecoin?
Filecoin is a data storage network that is decentralized. In Filecoin, users may buy extra storage if needed or sell their extra storage. Moreover, it is the security and inducement & layer of the InterPlanetary File System (IPFS). In other words, it is an unused storage marketplace situated in consumers’ data centers and hardware.
How does Filecoin work?
Filecoin incorporates a blockchain and domestic cryptocurrency token (FIL). By storing files, the storage providers gain units of FIL. Moreover, to send and receive FIL, the blockchain of Filecoin registers the transactions alongside the proofs from storage providers over properly storing their files.
Pros & cons
Finally, there is plenty of changes are coming through blockchain technology. And, the internet is among the most remarkable zones depicting developments. Besides, a large number of occupants are attempting to explore the techniques of trading crypto. Therefore, Web 3.0 is intending to appear as the centerpiece of something in the major league that the technology industry has ever dreamed of.