The Best 10 Web 3.0 Cryptos to Buy Right Now

The market for Web 3.0 is booming. If you are hoping to test its investing waters, buying cryptocurrencies that are deeply involved in this space is probably one of the best ways. Still, researching can be a daunting task since there are over 18,000 cryptocurrencies in existence as of March 2023. In this article, Preface will explore some of the top Web 3.0 crypto coins which might be great fits for your portfolio.

What is Web 3.0?

Like it or not, the recent years can basically be summarised by several tech buzzwords. From cryptocurrencies to the blockchain, GameFi to NFT, the world around us keeps offering new innovations and mind-blowing projects.

As for 2022, the trendiest keyword is probably the term “Web 3.0”.

Building on the concept of decentralisation and autonomy, Web 3.0 is widely recognised as the next generation of the internet. Unlike the existing centralised web, Web 3.0 is dedicated to giving the end-users full control over their own data. Moreover, it will revolutionise how people curate and consume content, creating an ownership-driven economy.

In the world of Web 3.0, both creators and audiences can earn revenue by participating in the ecosystems. Instead of providing value to the leading platforms such as Meta and Instagram, creators are encouraged to develop their own communities and monetise their content without a middleman.

To attract users, creators can launch cryptocurrencies or tokens, together with a follow-up reward system to boost the audience’s engagement and interest. And that is how cryptocurrencies get involved with Web 3.0.

Hoping to explore how Web 3.0 works and its relationship to cryptocurrencies? Let’s start with this comprehensive guide!

Reference: GO Banking Rates, Harvard Business Review, Speed Invest

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Top 10 Web 3.0 Crypto Coins in 2022

Very often, the works of blockchain creators come in the form of NFT. While most NFTs are Ethereum-based tokens, Ethereum is believed to play a critical role in the Web 3.0 ecosystem.

Another good news about Ethereum is that it is now making the transition to a greener model by reducing energy consumption by up to 99.95%, as reported by the Ethereum Foundation. By turning sustainability into action, it is hopeful that more businesses and investors might buy, use and invest in its network, bringing a wave of new adopters.

As of 14 May 2022, $ETH is worth US$2,062.31.

Known as the alternative to Ethereum, Solana has attracted massive interest from individuals with its lower transaction and higher throughput capability. Moreover, there are currently many on-going community-based NFT projects on Solana, examples include Cets on Creck, Degenerate Ape Academy, Infinity Labs and Okay Bears, which are as renowned as those on the Ethereum chain.

According to Fortune, there have been some discussions about whether Solana will be the core layer of Web 3.0. Overall speaking, many authorities forecast a bullish scenario, for instance, Digital Coin Price stated that its trading price will be around US$337.42 by the end of 2026.

As of 14 May 2022, $SOL is worth US$$52.85.

BitTorrent is an Internet Protocol which supports peer-to-peer file sharing via Web 3.0. It offers an application that allows users to store data and files over the internet in a decentralised manner. Therefore, hundreds to even thousands of individuals can directly upload and download files from each other, making downloads easier and reducing a lot of stress.

To expand further, BitTorrent launched its own token – $BTTOLD. If a user has $BTT in his or her wallet, the system will automatically bid to other users for faster downloading speed. Apart from the file-sharing service, DApps powered by $BTTOLD include BitTorrent Speed, BitTorrent File System and DLive, which give a couple of good reasons for investing in this token.

As of 14 May 2022, $BTTOLD is worth US$$0.001091.

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Helium positioned itself as a people-powered networks provider. Founded in 2013, Helium has already owned over 800,000 hotspots and served hundreds of companies as well as thousands of developers in just a few years. In support of the Internet of Things (IoT), Helium invented the concept of community-hosted hotspots, meaning the internet-connected devices such as refrigerators, parking meters and lights can share the bandwidth with a random nearby hotspot rather than a dedicated one.

In order to form a stronger global wireless network, Helium will reward hotspot owners with its own cryptocurrency called $HNT. The more a hotspot is used, the more passive income it generates.

As of 14 May 2022, $HNT is worth US$10.17.

Filecoin is one of the largest decentralised data storage and retrieval providers in the field of Web 3.0. Unlike traditional cloud storage, Filecoin stores data in various distributed nodes, making it almost immune to geopolitical, natural disasters and security risks. Moreover, data will be converted into ciphertext and verified on a daily basis, maintaining the operation robustness.

This year, Filecoin launched an incentivisation program to increase its user base. Once a successful referral is made, the client can earn up to 100 $FIL for a dataset above 100 TiB and 500 $FIL for a dataset above 1 PiB. As Filecoin continues to scale, the upswing in $FIL’s price is foreseeable.

As of 14 May 2022, $FIL is worth US$8.91.

The Graph revolutionised the way people develop a decentralised application, querying and using blockchain data via APIs. By combining Web 3.0 protocols, not only can users actually be the owners of their identity, data and reputation, but they can also take advantage of its openness and gain a better overall understanding of the market dynamics.

In exchange for a contribution to The Graph Network, participants will be rewarded $GRT. For example, the higher the quality of a data source is, the more query fees a developer can earn. As an indexing and query layer of Web 3.0, there have already been over 38,000 projects on the network and the number is still counting.

As of 14 May 2022, $GRT is worth US$0.1602.

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As more companies are embracing blockchain for greater transparency and improved performance, Chainlink allows enterprises to securely connect their existing systems to any of the major blockchain networks such as Ethereum, Bitcoin, HECO, Solana and more.

Chainlink also helps businesses to execute smart contracts by converting off-chain data into an on-chain format. To use its service, companies have to pay node operators in $LINK, which can be bought and sold in the open market.

Created in 2014, Chainlink has shown significant momentum. By November 2021, there had already been US$75 billion dollars worth of smart contracts secured by Chainlink’s oracle pipes, as reported by Blockworks.

As of 14 May 2022, $LINK is worth US$7.15.

Theta is committed to bringing fresh perspectives into today’s streaming and entertainment industry. Building on a decentralised peer-to-peer network, Theta is capable of offering improved video delivery at lower costs.

With Theta Video API, developers can easily embed a decentralised video to any website or application without a central server or hosting software. On the other hand, content creators and platforms should be able to earn more with lower streaming costs, while viewers will be rewarded $THETA simply by participating in the network. Attracted by its ground-breaking technology, several leading companies such as Samsung and Sony have also partnered up with THETA to optimise the user experience.

As of 14 May 2022, $THETA is worth US$1.42.

Siacoin is a token launched by Sia, a decentralised cloud storage platform and marketplace. Files and data uploaded to Sia will be cryptographically hashed before storing across a distributed network. Differ from the cloud, access and ownership is only granted to clients, ensuring utmost privacy and security. More appealingly, Sia costs 90% lower than traditional cloud storage providers.

In addition, Sia announced an open-source API which allows developers from all over the world to build their own applications on top of it. If one is interested in the developer’s work, he or she needs to pay $SC before unlocking, therefore, developers can monetise their services and generate revenue.

As of 14 May 2022, $SC is worth US$0.004793.

Livepeer is a peer-to-peer video streaming network empowered by the Ethereum blockchain. In response to today’s growing demand for streaming, Livepeer offers a scalable and cost-effective infrastructure solution which addresses the inadequacies of Web 2.0.

In order to incentivize participants as well as keeping the network cheap and secure, Liverpeer launched $LPT. Users can choose to contribute their computer’s resources like CPU, GPU and bandwidth, whereas broadcasters have to pay them $LPT for their role in ensuring a high-quality network. As the network’s usage grows, so does the demand for $LPT.

As of 14 May 2022, $LPT is worth US$15.15.

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