Web3

Web 3.0 is the next phase of the internet where users will be in control of their data and privacy. Web 3.0 protocols are being built on top of blockchains i.e., Ethereum blockchain, and use decentralized applications (dapps) to provide a more user-friendly interface. 

With web 3:0 all transactions whether content or resource based will be automated and easily accessible to all. Here is a list of some of the Web 3.0 tokens that are worth considering for investment in the year 2022:

Ethereum (ETH)

Arguably the most popular and well-known Web 3.0 cryptocurrency, Ethereum is a decentralized platform that runs smart contracts. These contracts are coded applications that run on the Ethereum blockchain, making them secure and tamper-proof[1].

ETH has a current price of $ 1, 885.50 and a market capitalization of about $228.52 billion as of May 12, 2022[2].

Polkadot (DOT)

Polkadot is a Web 3.0 protocol that enables interoperability between different blockchains. Polkadot is unique in that it uses a relay chain to connect different parachains[3].

DOT has a current price of $ 8.31 and a market capitalization of about $ 8.21 billion as of May 12, 2022[4]. 

Cardano (ADA)

Cardano is built on a proof-of-stake consensus algorithm and uses a unique layered architecture. The protocol also makes use of sidechains, which allow for the scalability of dapps and smart contracts[5].

ADA has a current price of $ 0.46 and a market capitalization of about $ 15.56 billion as of May 12, 2022[6]. 

Solana (SOL)

Solana uses a unique algorithm architecture that allows it to process over 250,000 transactions per second making Solana the fastest cryptocurrency on the market. The protocol also makes use of sharding and multiple layers of security[7].

SOL has a current price of $ 43.51 and a market capitalization of about $14.66 billion as of May 12, 2022[8]. 

Tezos (XTZ)

Tezos employs a proof-of-stake consensus mechanism and a self-modifying governance paradigm. The protocol also uses formal verification to verify smart contracts[9].

XTZ has a current price of $ 1.63 and a market capitalization of about $1.45 billion as of May 12, 2022[10]. 

Cosmos (ATOM)

Cosmos is a web 3.0 cryptocurrency designed to solve the blockchain scalability issue. In order to do so, Cosmos uses its unique Proof-of-Stake consensus mechanism[11]. 

ATOM has a current price of $ 9.69 and a market capitalization of about $ 2.78 billion as of May 12, 2022[12]. 

Kusama (KSM)

Kusama is a Web 3.0 protocol that was created as an experimental version of Polkadot. Kusama uses the same relay chain architecture as Polkadot and is designed to be a test bed for new features[13].

KSM has a current price of $ 71.31 and a market capitalization of about $604.01 million as of May 12, 2022[14]. 

Filecoin (FIL)

Filecoin is a data storage Web 3.0 technology. Filecoin users can rent out empty storage space and get paid in FIL. It also uses IPFS, a decentralized file-sharing network[15]. 

FL has a current price of $ 8.50 and a market capitalization of about $ 1.72 billion as of May 12, 2022[16].

Helium (HNT)

Helium is a Web 3.0 protocol that focuses on data storage and IoT applications. Helium allows anyone to create a wireless network using the Helium Hotspot[17].

HNT has a current price of $ 9.79 and a market capitalization of about $ 1.16 billion as of May 12, 2022[18].

Basic Attention Token (BAT)

Basic Attention Token uses the Ethereum blockchain to allow advertisers to directly pay publishers in BAT. The protocol also makes use of the Brave browser, which is a privacy-focused web browser.[19]

BAT has a current price of $ 0.38 and a market capitalization of about $ 560.41 million as of May 12, 2022.[20]

The Internet of the Future

Web 3.0 is the latest iteration of the internet and virtual world where individuals own their data and apps. It is a decentralized, trustless, and secure version, with no central or data-specific repositories.

Good to Know

Web 3.0 tokens are the native asset type of the Web 3.0 economy. Ethereum, Polkadot, and Cardano rank among the top web 3.0 cryptos. Aside from them, newer versions like orchid and golum are worth looking at but before making any investment, thorough research is advised.

 

SEO Title: Best Web 3.0 Cryptocurrencies Worth Investing in 2022

Meta Description: Wondering which Web 3.0 cryptocurrencies are worth investing in for the long run? Look no further, here's a guide to some of the most promising tokens out there!