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Web 3.0 is a term used to describe the internet’s next generation. Emerging technologies such as blockchain protocols, smart contracts, crypto coins, artificial intelligence, and machine learning are at the forefront of this.
Best Web 3.0 Crypto Projects in 2022
In this article, we will look at the best Web 3.0 crypto projects to check for long-term potential.
1. Ethereum – The King of Web3
We believe Ethereum is one of the best Web 3.0 projects currently available. This is because Ethereum is at the heart of the Web 3.0 ecosystem as we know it today. Importantly, as we will see later, many of the leading Web 3.0 projects are built on top of the Ethereum blockchain.
This includes a wide variety of decentralized finance networks, Metaverse coins, DApps, and other technologies. Another important aspect of the Ethereum ecosystem is that it allows anyone to create and deploy smart contracts, including Web 3.0 projects. In fact, Ethereum has the most smart contract agreements of any cryptocurrency project.
In terms of the Ethereum token, it is the second-largest project in terms of market capitalization, trailing only Bitcoin. Furthermore, Ethereum, which debuted in 2015, has been one of the best-performing crypto coins in recent years. For example, the value of Ethereum has increased by nearly 5,000% in the last five years.
2. Uniswap – One of the Most Valuable Web 3.0 Crypto projects for Decentralized Trading
When looking for the best Web 3.0 coins to buy, the term ‘decentralization’ comes up frequently. Decentralization, in a nutshell, refers to a product or service that can be accessed by anyone without the need for a third-party intermediary to facilitate transactions. In the case of Uniswap, this top-rated project is central to decentralized trading.
This is due to the fact that the Uniswap platform, which is built on top of the previously mentioned Ethereum blockchain, enables people from all over the world to buy and sell crypto coins in a decentralized manner. This means that it is no longer necessary to use a centralized exchange to gain access to the digital currency markets.
Uniswap is able to accomplish this through its automated market maker (AMM) ecosystem. This innovative protocol does away with traditional order books in favor of generating real-time token prices based on a variety of other key metrics such as market capitalization and volume. Uniswap tokens can be purchased to invest in this Web 3.0 crypto coin.
3. Brave – Top-Rated Web 3.0 Project Supporting Digital Marketing’s Future
Digital marketing is another industry that many market commentators believe will be transformed by the Web 3.0 ecosystem. When browsing their favorite websites today, internet users are bombarded with advertisements, many of which are completely irrelevant to our needs and interests.
Furthermore, while marketing agencies pay websites to display their ads, none of the revenue is passed on to those who view the material. Basic Attention Token hopes to make a difference in this area. This top-rated project allows users to earn crypto coins for viewing ads via its Brave Browser.
Most importantly, these advertisements are pertinent to the user in question, in terms of products and services that are likely to be of interest. From the standpoint of digital marketing agencies, Basic Attention Token ensures that advertising funds are spent wisely. By purchasing Basic Attention Token’s BAT crypto coin, you can benefit from its growth.
4. Yearn.finance – Leading Web 3.0 Crypto Project for Decentralized Lending
Financial services will be a key component of the Web 3.0 ecosystem. In terms of market capitalization, Bitcoin remains the de-facto crypto coin, with the digital token serving as both a medium of exchange and a store of value. Yearn.finance, on the other hand, will play a role in the future of Web 3.0 due to its decentralized lending protocol.
In a nutshell, Yearn.finance facilitates loans in a decentralized manner without jurisdictional restrictions or credit checks. This is due to the fact that users can borrow cryptocurrency in exchange for putting up collateral. The individual will then be required to pay interest on the borrowed funds. These loans are funded by investors, who can be anyone who wants to earn a return on their idle coins.
For example, deposits of digital currencies into the Yearn.finance platform will be used to facilitate loans. In exchange, you will receive an APR that traditional banks and financial institutions cannot match. You can also invest in this concept by purchasing the YFI token, which is now available on dozens of popular cryptocurrency exchanges.
5. Cosmos – Innovative Project Connecting Competing Web 3.0 Crypto Projects
It’s great to have a plethora of Web 3.0 projects that provide solutions to real-world problems. However, if this marketplace becomes too fragmented, the growth of the Web 3.0 ecosystem may be hampered. This is where Cosmos comes in, as the innovative project addresses the long-standing issue of ‘blockchain interoperability.’
For those who are unfamiliar, interoperability refers to the ability of different blockchains to connect and communicate with one another, which would otherwise be impossible. For example, because Bitcoin and Ethereum are independent of one another, the two blockchains cannot share data.
This can be accomplished by following the Cosmos protocol. As a result, all of the best crypto coins on the market, such as Decentraland, Ethereum, Yearn.finance, and Uniswap, can communicate with each blockchain network via Cosmos. The Cosmos project has its own native digital token, ATOM, which can be purchased easily.
6. The Graph – Best Web 3.0 Cryptocurrency to Purchase for Blockchain Indexing
Another aspect of the Web 3.0 ecosystem that requires improvement is data overload. This is because blockchain protocols facilitate a large number of transactions, which can lead to inefficiencies in the underlying network. For example, as more Web 3.0 projects are built on Ethereum, transaction fees appear to be rising.
The good news is that the Graph, with its innovative blockchain indexing tool, is already working on this issue. Simply put, when blockchains connect to the Graph protocol, their data is indexed automatically. As a result, irrelevant data will be kept off-chain, ultimately promoting a faster and more efficient network.
You can benefit from the growth of the Graph and its indexing tool by purchasing GRT tokens as an investment. After all, any blockchain network that employs the tool will be required to pay fees in GRT, which may benefit the network’s market value. This top-rated Web 3.0 crypto coin is also one of the most affordable, with the token trading for well under $1.
To summarize, Web 3.0 crypto coins have the potential to play a significant role in the internet’s future. However, the Web 3.0 ecosystem is fragmented in its current form, so it may be worth waiting until we have a better idea of how this space will evolve in the coming years.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of EGG Finance. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.