Since Web3.0 is meant to operate via decentralized protocols, which are the foundation blocks of cryptocurrency technology and blockchain, there is a growing relationship between these three technologies.
• The internet of the future, Web3.0, aims to give power back to users and creators using decentralized blockchain technology.
• Web3.0 is facilitated by decentralized blockchain networks and cryptocurrencies associated with it.
• Cryptocurrencies and tokens are not just transforming finance and money but also how creators can form Internet-native organizations to create and share value.
• Though Web3 is still in its nascent stage, elements such as decentralized finance (DeFi), non-fungible tokens NFTs), and play-to-earn gaming have attracted attention.
Today, a lot of crypto projects are already building on Web3.0. Let’s look at the 12 best Web3.0 cryptocurrencies that investors can buy in 2022.
Ethereum is the king of decentralized finance(DeFi) and remains by far the blockchain home to the highest number of Web3.0 applications and non-fungible tokens(NFTs) to date. It leads any decentralized network on the number of smart contracts ever created.
Ranked the world’s No. 2 cryptocurrency after Bitcoin(BTC), the blockchain’s native coin, Ether (ETH) has a market cap of $ 251.1 billion.
One of the best virtual real estate (metaverse) platforms based on a blockchain, the Decentraland allows users to create, own, experience, and monetize digital content and application.
As a pure metaverse crypto, Decentraland’s native coin, MANA, continues to gain more value as patronage and user populations and transactions grow beyond 2022. Land payments and platform transactions are made using the MANA coin.
3. Helium (HNT)
It uses a unique proof-of-coverage(PoC) consensus mechanism that rewards users for contributing to validating transactions(mining) and ensuring network stability.
As more devices join the internet with Web3.0 growth, the Helium ecosystem would gain more users and thus increase in value as the network grows.
5. Filecoin (FIL)
Filecoin is a decentralized peer-to-peer storage network where users can earn the platform’s token by renting out space on their computers’ hard drives. One of the main benefits is its ability to store digital assets, such as art or music, behind non-fungible tokens.
Anyone can be a storage provider in Filecoin’s network, all you need is internet access and enough disk space. The more storage you provide to the Filecoin network, the more transaction fees, and tokens you can earn.
Flux is made to help developers create Web3.0 applications and deploy them on different networks simultaneously.
It can also be used to create decentralized projects. Flux offers an oracle design with an exclusively decentralized infrastructure that lets users access data on- and off-chain.
Theta is a decentralized blockchain network built specifically for video streaming. As a peer-to-peer network, Theta aims to facilitate video delivery for users with enterprise validator nodes from Google, Samsung, and other companies.
The blockchain’s native coin, THETA, is one of the best Web3.0 cryptos to buy right now because of its growing demand and wider adoption as Theta’s user base continues to grow.
8. The Graph(GRT)
The Graph is another good choice for investors looking for the best Web3.0 crypto to buy in 2022 as its usage expands with the next-generation internet’s growth.
It is an Ethereum-based indexing protocol used for organizing and querying data, and its native token, GRT, offers holders the opportunity to earn indexing rewards and query fees by staking their tokens.
Growing usage brings increasing popularity, and GRT’s value will increase as Web3.0 gains traction in 2022.
As the flagship protocol of Web3.0 Foundation, Polkadot has so far been a key innovation for the advancement of the next-generation internet.
Polkadot’s native coin, DOT, is one of the best Web3.0 cryptos to buy right now. The blockchain protocol enables cross-platform transfers of any data or digital assets. Also, it can be automatically upgraded at any time without the need for a hard fork to upgrade its features or remove bugs.
10. BitTorrent (BTT)
With more than 2 billion users and 200 million wallets, BitTorrent is a leading peer-to-peer file-sharing platform that has torrent client software for Mac, Android, Windows, and more.
It touts itself as “the world’s biggest distributed network” and provides secure streaming and downloading for torrent products.
Sia is a peer-to-peer digital platform where users can pay a host to rent their cloud storage space. The users’ data is encrypted in 30 segments, each of which is uploaded to a different host.
Sia’s developer, Skynet, has several Sia-based projects in the works, including cloud-based media streaming, content delivery, and file sharing.
12. Basic Attention Token(BAT)
BAT powers a blockchain-based digital advertising platform that delivers content through the Brave Browser.
Advertisers pay for their ad campaigns using BAT, and some of the BAT they pay is distributed to users as a reward for viewing ads. Also, the BAT environment protects users’ privacy.
Frequently Asked Questions(FAQs)
What are web3 coins?
Web3 or Web3.0 is the next phase of the internet, which is expected to be decentralized and powered by cryptocurrency-based economies. Web3.0 elements include decentralized finance (DeFi), non-fungible tokens (NFTs), and play-to-earn gaming, among others.
Are web3.0 coins a good investment?
Web3 coins, like any other cryptocurrencies, are highly volatile, which makes them risky assets. However, according to Ark Invest’s Big Ideas 2022 report, Web3.0 will boost direct online expenditures at an annual rate of 28%, from $1.4 trillion in 2022 to $12.5 trillion by 2030.
Considering the advent of Web3.0, the rise of Web3.0 cryptocurrencies is inevitable. Web3.0 tokens offer immense potential to shape the future of the internet.
Get involved in this exciting shift to Web3.0 by simply purchasing or staking Web3.0 cryptocurrencies. As always, remember to do your research before buying crypto, and don’t invest money you can’t afford to lose.
Crypto Tools: Essential Resources for Crypto Traders
Crypto tools are essential for anyone looking to navigate the complex world of cryptocurrency. With the rise of digital assets, it is becoming increasingly important to understand the various tools available for trading, analyzing, and securing your digital assets. From market indicators to crypto exchanges, these tools can help investors make informed decisions and maximize ...
CFD Forex Calculator: A Comprehensive Guide with Practical Examples
In the current fast-paced financial world, the foreign exchange (Forex) market has become one of the largest and most liquid markets globally. With the advent of online trading platforms and the increasing popularity of Contract for Difference (CFD) trading, retail traders now have the opportunity to speculate on currency price movements and potentially profit from ...
Understanding And Navigating Decentralized Exchanges (Dex)
A DEX is based on the concept of “disintermediation,” it refers to omitting mediators and enabling everyday people to transact businesses freely with their counterparts. A DEX does not guarantee the maintenance of users’ crypto assets. On the other hand, users always precisely control their funds in their digital wallets. Read on as we take ...