The internet is moving to the blockchain, there’s no doubt about it. Investors have seen the impact of putting the power of decentralized currency in the hands of the people; many have seen massive gains from staking their assets in DeFi protocols, and nations have been racing just to catch up and get their clutches on this runaway asset class. As that continues to grow, there’s another area of interest growing in parallel to DeFi called Web 3.0. Web 3.0 seeks to do the same thing for the internet that DeFi does for banking. If DeFi’s success is any indicator, Web 3.0 will be a massive force. As such, investors are seeking out Web 3.0 cryptos to help get ahead of the revolution.
As its name implies, Web 3.0 is the third iteration of the internet. Web 1.0 took shape as the earliest version of the internet. Web 2.0 took hold thanks to companies like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN), which made the internet a more closely connected experience. Now, Web 3.0 is a response to the tech giant takeover. As Meta Platforms (NASDAQ:FB) and other tech companies prove that they are not always taking actions for the greater good, Web 3.0 will take back power from these corporations.
The Web 3.0 revolution will take place over the next few years thanks in large part to blockchain. On the blockchain, decentralization is much more plausible. Applications can run on tools like smart contracts, which automate transactions of assets and data, and developers can easily take a backseat to the greater desires of the community thanks to Decentralized Autonomous Organizations (DAOs). If you want to invest in the Web 3.0 era, consider these cryptos:
Helium (CCC:HNT-USD)
Flux (CCC:FLUX-USD)
Filecoin (CCC:FIL-USD)
Polkadot (CCC:DOT-USD)
Kusama (CCC:KSM-USD)