Today we are going to put some light on the concept of web 3.0. This crypto guide is consist of top web 3.0 crypto for 2022, brief explanation about these top web 3.0 cryptocurrencies are also given. If you are not aware about Mataverse and NFT’s and want to explore Meteverse and NFT’s in simple words then please click the given link to read more on them.
2021 was a significant year for overall cryptocurrencies. The Crypto community seems to be growing far better as more people get involved in the Crypto world. Due to more awareness about crypto coins the global crypto market capitalisation rose to $3 trillion. Apart from crypto market some new elements related to crypto came into limelight such as Metaverse, Non-fungible token NFT’s and web 3.0.
Before explaining what web is 3.0 all about let us have a sharp eye on the top digital assets in which we should invest in 2022.
- Web 3.0
- Gaming and metaverse
- Public blockchains
- Decentralise finance (DeFi)
- Medium of exchange
We will discuss the top cryptos in the above given categories so that you can get some idea of picking the best cryptocurrency in 2022.
What is web 3.O
To understand web 3.0 first you need to understand the basic of web 1.0 and web 2.0
What is web 1.0 and example
It was a static era of websites and web 1.0 was the first generation of the World wide web from 1990 to 2004. Responsibility of creating these websites goes to businesses and is consumed by users like you and us.
What is web 2.0 Technology
Web 2.0 is the current 2nd generation of the world wide web that we are using right now. In web 2.0 technology the large amount of content is user generated such as social media, blogs, vlogs, channels etc. Most data is controlled and commanded by large companies such as Google and Meta (facebook).
What is the meaning of web 3.0
Web 3.0 definition – Web 3.0 is the latest technology and latest generation of the world wide web. Focus of web 3.0 is on decentralization. Web 3.0 tools and applications would be powered by artificial intelligence, Blockchains, Crypto assets and metaverse. It is expected that web 3.0 can provide personalized content and one step ahead people to control their own data.
Top web 3.0 crypto for 2022
Top web 3.0 crypto projects are given below
- Arweave (AR)
- Audis (Audio)
- Basic attention token (BAT)
- Bittorrent (BTT)
- Filecoin (FIL)
- The Graph (GRT)
- Helium (HNT)
- Chainlink (LINK)
- Liverpool (LPT)
- Siacoin (SC)
- Theta (THETA)
Arweave (AR) Allows permanent storage of data. It is the collective hard drive that never forgets. In simple words we can say Arweave is a decentralized storage network for indefinite data storage. It is a permanent decentralized web with applications like UI hosting, database writers and smart contracts.
Audis (Audio) provides the freedom of monetizing, distributing and streaming any audio content. Audio is the decentralised music streaming protocol with enhanced features. Audio provides the staking to run discovery or content notes. Audio gives power to artists to unlock the artist tokens and audio badges and to receive voting directly from the fans.
Basic attention token (BAT)
BAT is a native token to the blockchain, it has a digital advertising platform That aims to reward the fair user for their attention and provides advertisers better returns for their ad spending.
BAT platform revolves around the brave browser and advertiser use to pay for campaigns in BAT, interesting thing is that 70 percent is distributed to users for watching privacy preserving ads.
Bittorrent is a peer to peer network launched in 2001. Bittorrent is already a popular network and you must have watched or downloaded any film or clip through BitTorrent.
In the year 2018 bittorrent was purchased by the TRON blockchain. In 2019 the bittorrent token was launched as a TRC-10 token on the TRON blockchain. Bittorrent has a decentralized file storage system easily supported by user nodes.
Filecoin (FIL) – Airbnb of data
Access storage can be bought and sold in FIL. It is a decentralized data storage network. Filecoin provides a marketplace for unused storage in consumer hardware and datacenters.
The Graph (GRT)
Graph is Decentralized protocol and provides the facility of indexing and querying data from blockchains. Here, developers can easily build and publish open subgraphs or APIs which is helpful for easy data accessibility.
Uniswap, Synthetix and decentraland currently use the GRT token.
Helium is a decentralized wireless network. Helium enables the internet of things called IOT. After enabling iot the devices can connect wirelessly to the internet and geolocate themselves without satellite location, hardware or cellular plan. The network is powered by blockchain with the native token HNT.
Chain link is not a blockchain. It acts as middleware between Smart contracts and external sources of data. Chain link is a decentralized network belonging to independent oracle node operators.
- Financial market data price field.
- Verifiable randomness required for on chain gaming.
- It also provides proof of Reserve for asset backed cryptos like stable coins.
Livepeer is built on ethereum; it is a decentralized network. Livepeer is a Decentralized video streaming network and its native token is LPT. It provides API access to developers through which developers can easily build and scale streaming platforms and services.