Top 10 web 3.0 coins for better investment 2023
In 2021, the total market capitalization of cryptocurrencies will reach $3 trillion, which is far from the limit. After the Metaverse began to invade the Internet, the word Web 3.0 entered the lexicon of new words. The earlier Web 1.0 and Web 2.0 fueled the growth of the Internet, but Web 3.0 has larger goals and a strong focus on decentralization, giving users control over their data. What is web 3.0? And what are the top 10 web 3.0 coins for the best investment 2023?
What is web 3.0?
[Note: Although the terms Web 3.0 and Web 3 have different origins, they are often confused. In this article, we’ll use the first term.]
Web 3.0 is a new concept that marks the next stage in the evolution of the Internet. Web 1.0 was around from 1990 to 2004 when most websites were static and built by various commercial companies. People saw the potential of Web 1.0 and started buying domain names and later selling them at higher prices to other companies.
Web 2.0 was the era of user-generated content and social media. Users began to communicate with each other through social networks, blogs, and vlogs, which eventually became mainstream. The development has led to an increase in the amount of content and to the fact that most of the data is controlled by a small group of tech giants such as Google, Microsoft and Facebook. This raised the issue of user privacy.
The Internet continues to evolve: Web 3.0 focuses on decentralization based on the concept of peer-to-peer Internet solutions, where users control how their data is used. Web 3.0 is expected to increase data transparency and access to content. This development will be based on blockchain technology, as many applications and services have begun to implement it into their mechanisms.
This method helps eliminate centralized storage pools and helps maintain security through distributed consensus. In simple terms, Web 3.0 seeks to take control of information from large corporations and return it to users.
Web 3.0 and Metaverse interoperability
The main benefits of Web 3.0 are the user interaction and scalability needed to support operations. For Web 3.0 to really work, it must have three main features – decentralization, scalability, and security. The concept of interoperability of Web 3.0 and Metaverse is possible thanks to NFT. With their help, users interact with each other in virtual reality, while Web 3.0 helps facilitate trade and communication.
Since Web 3.0 is a collection of applications on a decentralized platform, interoperability can be achieved by interacting applications with the Metaverse concept. For example, Decentraland Mana provided a global network of users where they could manage a shared virtual world by buying and selling digital real estate.
First of all, users and market participants need to buy LAND in order to take ownership of their site, i.e. digital real estate. MANA is used to facilitate the purchase of land and goods in Decentraland. The marketplace allows members to exchange LAND tokens and also facilitates transactions for in-game items.
The decentralized internet is a key component of the Metaverse, because it needs to be decentralized. In central applications, you need to request permissions to ensure compatibility.
Top 10 Web 3.0 Coins
1. Kusama coin
Kusama is an open source scalable blockchain network. Its specialized blockchains are built using the Substratum framework. Kusama provides a platform for blockchain developers to be creative and innovative.
The network seeks to change the status quo and put control back in the hands of users. Kusama Project was created by Gavin Wood, co-founder of Ethereum and founder of Polkadot.
This network’s token, KSM, allows voting in governance polls, appointing validators, validating the network, and linking parachains. The current price of KSM ranges from $170 to $374, with a market capitalization of $1.4 billion. WalletInvestor predicts that the price of KSM will reach $4,581,970 by 2026.
2. THETA Web Coin 3
THETA is a streaming platform that rewards users for sharing extra bandwidth and computing resources. YouTube co-founder Steve Chen says Theta will destroy the online video industry, just as YouTube did in 2005.
Theta solves the problem of supplying video in certain parts of the world by reducing costs. However, the project does not sacrifice image quality. Theta is committed to providing high quality video streaming to everyone.
Users are rewarded in the form of Theta Fuel Token (TFUEL) when they share bandwidth and computing resources. The Theta Regular Token (THETA) is associated with the governance of the platform.
Theta also has another big advantage – open source code, which allows for innovation from the community. To ensure security, the network uses Proof of Stake (POS) consensus algorithms and multi-level BFT. TheTA is currently priced at $2.56 and has a market capitalization of $2.56 billion.
3. Arweave coin
Arweave is a decentralized network that helps you store your data and applications on a shared hard drive where information is never lost. One advantage of this architecture is that no one can overwrite your data. Additional issues Arweave solves are NFT 404 errors, web application quality degradation, and ghost editing.
If you help maintain the Arweave website, you will be rewarded with AR Tokens. Arweave is community owned and operated. You can also get rewards on this network for renting additional storage space or building an app for the network.
Arweave is currently priced at $33 and has a market capitalization of just over $1 billion. The network uses Blockweave technology, which is a type of blockchain that links a new block not only to the previous block, but also to a random additional block. The network has received funding from Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures.
4. Siacoin
If you want to support the development of a decentralized internet and digital currency, SC is a Web 3.0 currency that will definitely interest you. Sia provides another storage option. This platform stores your data in the cloud of the decentralized network and allows you to control the private encryption keys of your data.
The price of Sia cloud storage is not as high as other competitors: 1 TB of storage will cost only $ 1-2. Siacoin is the platform’s digital currency, needed to pay for additional space in the cloud. You can get SC through mining and trading. The current price of this token is around $0.0092 and the market cap is $0.46 billion.
5. Flux is one of the best web currencies 3
Flux is a scalable, decentralized cloud infrastructure (not to be confused with other companies of the same name). This cloud-based software offers products that, due to their decentralized nature, compete with technology giants such as Amazon Web Services. Developers using Flux can build, manage, and host servers and run Web 3.0 applications across multiple servers at breakneck speeds.
Flux also provides an operating system with decentralized functionality called FluxOS. Anyone can run a node, where they will get the reward split in half along with the GPU miners. Flux is making a significant contribution to the development of Web 3.0 through a recent partnership with tech giant Nvidia.
For example, Flux has exclusive access to Nvidia engineers and marketers who will support the further development of the decentralized Internet. At the time of writing, one FLUX is worth $1.46 with a market capitalization of $327 million.
6. Ocean Protocol coin
Ocean Protocol provides tools for building Web 3.0 applications. In addition, Ocean Protocol decentralizes data exchange and access over the Internet. OCEAN helps you buy and sell data and manage community funding. The value of the token will increase as it is used more.
The token is also issued in limited quantities to promote long-term stability and rapid growth. The current price of OCEAN is $0.5775 and the market capitalization is $354 million.
7. Kadena coin
This platform is designed to keep the global financial systems running. Kadena promotes smart contract security, innovative energy efficiency, and point-of-sale security. Kadena consumes the same amount of power regardless of how much you order, which is not the case with most other platforms.
This network uses a forked blockchain and can process up to 480,000 transactions per second (TPS). As more blockchains are added, the protocol scales up to more impressive computing power.
KDA is the token used to process transactions on the Kadena blockchain. Total KDA emissions is one billion. The token will be mined for 1,120 years. Currently, one KDA costs $5.21 and Kadena has a market capitalization of $870 million.
8. Audius coin
Audius may appeal to music lovers. It is a streaming platform that aims to reduce the value of a record label deal. Musicians can publish their music and build a fan base on Audius. For compiling an AUDIO token, creators receive badges and tokens, as well as votes from their fans.
AUDIO TOKEN ALSO ENABLES ACCESS TO COMMUNITY MANAGEMENT AND EXCLUSIVE FEATURES. In addition, this token provides network security. Supporting artists include Audius deadmau5, 3LAU, Rezz and Stafford Brothers.
This platform provides high quality audio streaming at 320 Kbps. AUDIO is currently priced at $0.8232 and has a market capitalization of over $424.5 million.
9. Radicle coin
Radicle is a decentralized token collaboration platform. Network smart contracts are used to control access, and ownership is shared using multiple signatures. People can use the RAD token to sponsor projects and participate in governance.
RAD is currently priced at $5 and has a market capitalization of $131 million. Radicle plays an important role in the development of the Web 3.0 space, with more than 1,000 projects already published.
10. Syntropy coin
Syntropy’s mission is to solve the problems of the Web 3.0 space The project makes the decentralized Internet safer and more profitable for its users. Syntropy is applied in the areas of security, management, privacy, reliability, performance and efficient use of resources.
Web 2.0 relies on third parties for security, such as security certificates and trusted authorities. Syntropy eliminates the third party data encryption process.
Syntropy code (NOIA) maintains network connectivity. At the time of writing, its price is just over $0.13 with a market cap of $68.5 million. You can still have time to join the project literally at the very beginning.
Summary of the above
Web 3.0 tokens, Web 3 metaverse currencies and NFT are some of the best features of the crypto market in 2023. Technologies are being rebuilt on the decentralized internet: now they use artificial intelligence and virtual reality. Blockchain technology attracts more and more people and investors.
If you want to support Web 3.0 and the crypto market with Bitcoin, and at the same time make a return on your investment, then you should take a closer look at the Top 10 Web 3.0 Coins.
