Slowly the internet is moving towards the latest technology in the blockchain. This has had an impact on the investors who are looking forward to the power and liberty of the decentralized currency. The investors have also made significant profits depending on the DeFi protocol. Several countries are also trying to get their hands on emerging assets. Before I talk about the top 5 Web 3.0 cryptocurrencies, you need to have a brief idea of Web 3.0.
One pretty intriguing thing happened amidst this. This is the emergence of web 3.0 and the cryptocurrencies that are associated with it. Web 3.0 focuses on introducing the same thing to the internet that the DeFi technology had brought to the banking system. Theoretically speaking, the Web 3.0 is the third version of the internet that aims to revoke the power from large tech companies. The revolution of Web 3.0 will occur in the next few years. All of this credit goes to blockchain technology.
If you are pretty intrigued with the third version of the World Wide Web and want to invest in the era of Web 3.0, then you need to know about these five cryptocurrencies that will be beneficial for investing in web 3.0.
- Helium (HNT)
Helium is one of the most renowned cryptocurrencies of the Web 3.0. It is responsible for making internet access easier for the individuals. This project proffers a web service designed to compete with the ISP giants such as ATT and Verizon.
- Polkadot (DOT)
If you are already an existing player in the cryptocurrency market, you have heard about the Polkadot cryptocurrency or commonly called the DOT crypto. It is one of the top 10 cryptocurrencies in the present market scenario. Additionally, it is one of the flagship programs monitored by the Web 3 Foundation. The company is Sweden-based and has been founded to facilitate the fully functional as well as user-friendly decentralized web.
- Kusama (KSM)
Investing in KSM or Kusama crypto means you are indirectly investing in Polkadot. It is the canary network of Polkadot, meaning that the crypto only exists as a companion of the Polkadot network. The crypto coin has carried out several projects as the network is the benchmark for the parachains success.
- Ocean (OCEAN)
The OCEAN protocol is decentralized as well as the blockchain-based data exchange. It works as a protocol permitting anyone to build their own decentralized data markets. It also functions as the utility token that has been used for purchasing, staking, and selling of the data to the governance of community funding on the platform.
- Filecoin (FIL)
As the name suggests, it is a file cabinet for Web 3.0. The network is decentralized storage and is created to be a safe alternative to decentralized cloud storage. It is also an excellent way for passive income. Filecoin wants its users to take note that its storage can be used for anything and everything.
