Even though Web 3.0 hasn’t been implemented widely yet, it is already here. To understand what we are talking about, let us clarify what Web 3.0 is. It is a decentralized internet free of middlemen and dominance of internet providers. Now, it is not implemented widely therefore, we cannot say that it is accessible to everybody. But there are some projects that already have laid a foundation for Web 3.0. And the coins supporting these projects are called Web 3 cryptocurrencies.
Let us have a look at the most popular Web 3.0 cryptocurrencies, and it is possible that they are also worth your special attention due to their immense investment potential.
Basic Attention Token, or BAT
Basic Attention Token powers a network that lays the foundation for the Web 3.0. It powers an advertising platform launched on blockchain technology. The main aim of the project is to provide a fair and secure foundation for advertising, ad creators and users.
Advertisers are enabled to place their ads in a special browser supported by the platform – the Brave browser. All the payments on the platform are made in BAT.
Users are also rewarded for watching advertisements. Of course, the rewards are also paid in BAT tokens.
The BAT platform makes the advertising business completely transparent, clear, and fair.
Helium is a decentralized network powered by blockchain technology. It is used for the Internet of Things (IoT). With it, smart devices can connect to the network without any need for satellite or cellular connection.
The network participants can rent hot spots. Those who rent them out are rewarded for their contribution. Each hot spot provides the coverage for a specific area and is responsible for HNT, the native Helium network coin mining.
Chainlink is an oracle-based network. It enables the creation and functioning of hybrid smart contracts. These smart contracts can use on-chain code and combine it with off-chain computation. It means in turn that the network can interact with external sources of information which brings the blockchain to a completely new level.
The Chainlink project doesn’t even run on a blockchain. It integrates with many blockchains and provides them with the streams of information that are updated and accurate.
This project is the first one that has enabled the integration of smart contracts with the external data. Therefore, the project has already secured a safe place in the new Web 3.0 world and speeded up its arrival.
Theta is another project that can be determined as a part of the Web 3.0. Theta is a platform that offers decentralized and transparent infrastructure for video streaming. The users can share their spare bandwidth and internet resources on a P2P basis.
The platform is supposed to eliminate middlemen between video creators and users.
Arweave takes a completely new approach to the internet and information storage. Arweave is a harddrive owned by the community. The network is used for perma-web hosting. The entire community can contribute to the web or maintain it.
The content is stored on the perma web forever. It cannot be eliminated or modified. Therefore, once stored, the data cannot be counterfeited.
The network is completely decentralized and any information can be retrieved easily. For example, if you store information about how to mine RVN, like here, https://letsexchange.io/blog/top-7-ravencoin-mining-pools-to-use-in-2021/, it will stay in the network forever.