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Cryptocurrencies That Will Dominate in Web 3.0

Web 3.0 (web3) is the new internet era comprised of such emerging technologies as blockchain, smart contracts, crypto coins, machine learning, and artificial intelligence. Web3 is designed to operate through decentralized protocols, which are also the foundational blocks upon which cryptocurrency is built, and as time goes by, the two continue to synchronize. Web 3.0 has also been garnering people’s attention on Wall Street in recent times due to its revolutionary potential over the internet, making it immersive for the masses; this has attracted more investors towards web 3.0 stocks such as AMD and Apple. Considering the foregoing, here are a number of cryptocurrencies and web 3.0 blockchain projects that are poised to dominate the space.

Cryptocurrencies to Look Out for in the Web 3.0 Era

1. Smart Contracts- Ethereum

In general, it is arguable that Ethereum is the best Web3 cryptocurrency to buy and hold forever since it sits at the center of the Web3 ecosystem. Most notable is that many of the existing Web3 projects are built on the Ethereum blockchain, including a wide range of decentralized financial networks, decentralized apps, and metaverse coins. The Ethereum network is also at an advantage going into Web3 as it allows anyone to create and deploy smart contracts and is home to the most smart-contract agreements of any crypto project. Ethereum, launched in 2015, also benefits from being the second-largest crypto coin in terms of market capitalization. 2. Internet of Things (IoT)- Helium (HNT) Helium is a decentralized blockchain-powered network for the Internet of Things devices and uses the proof-of-coverage algorithm. Helium utilizes a global network of low-energy wireless hotspots to broadcast data through electromagnetic waves, which are then stored on the blockchain. The proof-of-coverage mechanism validates whether the hotspots are providing legitimate wireless coverage. In addition to operating the network’s nodes, users who purchase or create a hotspot can mine HNT, the Helium network’s native cryptocurrency.

3. Decentralised Storage- Filecoin (FIL)

Filecoin is the filing cabinet for Web3; users can earn the platform’s native token, FIL, by renting out storage space on their computer hard drives, converting artistic digital assets to NFTs. Both individuals or data centers may be storage providers on Filecoin, with the only requirements being a stable internet connection and enough disk space. One can earn transaction fees by simply providing storage space. Filecoin occupies the third spot in the list of top web 3.0 crypto coins in terms of price, according to coinmarketcap, with a price of $7.9 at press time.

4. Video Streaming- Theta (THETA)

Theta is a video streaming-based decentralized network that involves hundreds of interconnected nodes worldwide. Launched in 2017 by Mitch Liu and Jieyi Long, Theta targets large-scale video streamers, featuring enterprise validator nodes from partners such as NASA, Lionsgate, MGM, and Sony.

5. Indexing- The Graph (GRT)

The Graph is a system of indexing that can organize data on the blockchain and allows users to query and filter results. Not only is The Graph a low-level blockchain indexing protocol, but a high-level cryptographic ledger as well.

6. File Sharing- BitTorrent (BTT)

BitTorrent is the first torrent tracker in addition to being the world’s most potent peer-to-peer network. BitTorrent operates by dividing large files into fragments, transmitting them over the internet in this fragmented form, and then merging the fragments into a whole file on the recipient’s computer. BitTorrent has torrent client software compatible with Mac, Windows, and Android, touting itself as the” world’s biggest distributed network.” Anyone downloading a file from the BitTorrent network automatically becomes part of the distribution. Additional features are available at a fee for users, such as VPN capabilities and ad-free browsing.

7. Digital Advertising- Basic Attention Token (BAT)

As opposed to the current form of digital marketing where internet users are bombarded with advertisements, a majority of which may be irrelevant, while browsing their favorite websites, the Basic Attention Token seeks to allow users to earn revenue in the form of cryptocurrency for viewing ads and operates on the Brave Browser. Most significantly, these ads are relevant to the users in question in terms of products and services they are likely to be interested in; from the perspective of digital marketing agencies, this is a more efficient use of funds.

8. Cross-Chain Data Transmission- Polkadot (DOT)

Polkadot helps merchants’ assets or data across different blockchains inclusive of digital tokens. Users can interoperate multiple blockchains utilizing the native Polkadot network. Most significantly and as a distinction from other projects such as Ethereum, Polkadot operates parachains that are independent, although they seamlessly communicate, which is the essence of web3. Polkadot is also known for seeking scalability and ranks higher in terms of charging low fees and offering faster speeds as compared to the Ethereum blockchain. Due to this top-ranking spot and its gradually rising market value, Polkadot’s native coin DOT can emerge as the market leader in the decentralized internet realm. Polkadot (DOT) currently sits at the top of the web 3.0 crypto price list, with a price of $10.30.

9. Exchange- Uniswap

Uniswap is the biggest decentralized exchange for spot-market cryptocurrency trading and recently launched a computer code that will embed its capabilities into any website seeking to expand its growth. This code is known as the ‘swap-widget’ and will enable OpenSea users to swap various tokens without leaving the website. Uniswap COO Mary-Catherine Lader reiterated Uniswap’s commitment to value exchange since it is essential to web3, stating that for them to grow, the entire market has to grow.

Wrapping Up

Web 3.0 has become the hottest topic within the crypto space lately. Therefore, it’s obvious that major players in the industry are eyeing the massive opportunities that present themselves in this rapidly evolving crypto landscape. If you’ve been planning to invest in major web 3.0 projects, this article listing the top cryptocurrencies from the web 3.0 space will surely come in handy for you.


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