Since the metaverse engulfed the crypto world, Web 3.0 has gained prominence in the internet world. Also known as the Decentralized Web, Web 3.0 can be considered the V3 of the Internet, which is a step ahead of today’s Web 2.0.
Web 2.0 has made it possible for the Internet to move from your static desktop pages to make it more social through user-generated content. Web 3.0, meanwhile, is the next step in making the internet smarter and more efficient thanks to the power of artificial intelligence that will be interconnected in a decentralized manner.
In a way, Web 3.0, due to its decentralized nature, forms a strong link with the crypto world, which will allow it to operate in a transparent, integrated, and automated manner using smart contracts. In a more relevant system, NFTs that are bought and traded can be viewed as a form of Web 3.0.
Today, many crypto projects are already based on Web 3.0. Let’s take a look at the 5 Web 3.0 Cryptocurrencies Investors Can Explore in 2022.
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- Helium (HNT)
Founded by Amir Haleem, Shawn Fanning and Sean Carey, Helium is a decentralized, blockchain-powered protocol that aims to take advantage of Internet of Things (IoT) devices. Using the wireless devices with low power consumption, it can communicate with other devices and transmit information using nodes. The nodes come in the form of a wireless gateway and today it is one of the most widely used Web 3.0 cryptocurrencies by companies like Salesforce Lime, Digital Matter, etc.
Helium was trading at US $ 38.94 on Tuesday with a trading volume of US $ 35,078,948. At the time of writing it was down 5.38% with an actual market cap of US $ $ 4,105,697,502.
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- Basic Attention Token (BAT)
Basic Attention Token (BAT) cryptography is another blockchain-based crypto, which is widely used by digital advertising companies. The main mission of crypto BAT is to ensure user privacy and provide solutions to the risks associated with online advertising. As the name suggests, one of the primary goals of crypto BAT is to reward users for their attention. In addition, it also allows advertisers to reap profits and get a good return on investment on the ad spent.
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The BAT token is considered the next revolutionary form of advertising and has been used by many advertising companies to change the way advertising is done online. BAT was trading at US $ 1.29 on Tuesday with a one-day trade volume of US $ 292,240,397. At the time of writing, it was down 1.17% with an actual market cap of US $ 1,932,628,860.
- Flux (FLUX)
Flux is the scalable decentralized cloud infrastructure ready for the Web 3.0 generation that aims to manage multiple applications on multiple servers. With over 2,300 Flux nodes, the FLUX ecosystem provides blockchain-as-a-service solutions that are not only interoperable, but also help in an AWS-like development environment. Through a GPU actionable proof of work consensus, Flux provides incentives for hardware hosts and staking requirements for hardware execution. The project aims to build a decentralized future by being independent and bringing innovation to blockchain technology.
On Tuesday, FLUX was trading at US $ 3.08 with a trading volume of US $ 176,818,897. At the time of writing, FLUX was up 1.14% with an actual market cap of US $ 687,496,075.
Top 5 Web 3.0 Cryptos to Explore in 2022
- Polkadot (POINT)
Polkadot was designed to provide a foundation for a decentralized internet of blockchains. As an open source blockchain network, DOT crypto aims to usher in a new era of scalability by connecting and securing a network of specialized blockchains and enabling interoperability of parachains. Considered one of the main altcoins, the DOT crypto has been one of the main projects that is expected to do wonders in 2022.
On Tuesday, DOT was trading at US $ 29.92 with a trading volume of US $ 1,705,616,710. At the time of writing, it was up 3.97% with an actual market cap of US $ 29,544,437,478.
- ZCash (ZEC)
One of the main pieces of privacy with Monero, ZEC crypto is a decentralized peer-to-peer (P2P) token that brings anonymity and security. ZEC uses zk-SNARK zero-knowledge proof technology, which empowers nodes to verify transactions. One of the main features here is that while verifying the transaction, it does not reveal sensitive information like sender, recipient, wallet address, etc. Its capacity for anonymity makes it different from other pseudonymous cryptocurrencies like Bitcoin etc.
On Tuesday, the ZEC was trading in the United States $ 151.87 with a transaction volume of US $ 238,082,859. At the time of writing it was up 0.53% with a live market cap of US $ 2,042,406,214.