We can see the crypto market constantly developing. It was absolutely expected that by 2023 Web3 assets will continue to grow. At the moment, metaverse tokens are in demand, and Web3 coins support the virtual economy. This is why we have prepared a list of top 10 Web3 crypto coins you must have a look at in 2023.
What are Web3 crypto coins?
It will be easier to understand the basics of Web3 assets if you have a look at the fundamentals of the Internet. At first, we had Web 1.0, developed in the 90s, which back in the time was innovative, but from today's perspective we can say it had poor performance. What we have now is Web 2.0 - fast and modern internet, we can access from anywhere.
Web 3.0 is the network of the future. It will focus on providing the functioning of the following technologies:
Blockchain
Decentralization
Artificial intelligence
Cryptocurrencies
Smart contracts
We can say that investing in Web 3.0 coins is an investment in the future.
Top 10 Web 3.0 crypto coins in 2023
Chainlink
Chainlink or Link is the 22nd cryptocurrency by market capitalization of 3.3 billion. Almost half of the token offering is already trading on the crypto market.
Chainlink is a decentralized network providing data flow for smart contracts. Its main purpose is to make smart contracts more potent by using dynamic outputs.
Filecoin
Filecoin has a market capitalization of 1.6 billion and is rated 38th on the market. Filecoin is a decentralized network, functioning as a P2P system, created for storing data. This means that users can buy, sell, rent digital space and get Filecoin as a reward. By now the project has shown some satisfying dynamics and is worth the attention.
BAT
BAT or Basic Attention Token holds the 74th place according to CoinMarketCap, with a capitalization of about 587 million dollars. All the tokens are already in circulation. Its limited supply and demand law makes us think its price will definitely grow if the project develops.
Kusama
Kusama or KSM is an open-source project. It is a scalable blockchain network working on a Substrate framework. Its main concept is to disrupt the status quo and put power back in the hands of the users.
Kusama creator, Gavin Wood, also developed Polkadot and took part in the development of Ethereum.
Arweave (AR)
AR is an innovative solution for decentralized data storing, allowing storing information without limitations. The developers of Arweave say it is a single, colossal memory disk that never loses or forgets data. Moreover, once it is saved, the data cannot be edited.
Helium Network (HNT)
HNT is also known as a people’s network, and consists of distributed wireless access points with a vast range. We can also say it is one of the largest IoT networks, with more than 300 thousand access points.
Theta Fuel
Theta Fuel is a video streaming platform, rewarding users for bandwidth and computing hardware. It is believed that it has the power to disrupt the online video sphere, similar to what YouTube did in 2005.
Theta solves the problem of delivering content to some parts of the world by cutting costs.
Ocean
Ocean provides the tools needed to create Web3 apps. Ocean Protocol decentralized data exchange and access, giving full publicity and transparency during the acquisition of data. It has a maximum supply of 1,410 billion tokens, and has 613 tokens currently circulating.
Kadena
Kadena was designed to enable financial systems in a global market, with the challenge to leverage innovative efficiency, PoS security and smart contracts. Kadena has braided chains because of which it doesn’t change performance using the same amount of resources. 480,000 transactions can be processed per second.
Radicle
Radicle is another decentralized platform with an open-source code. RAD cryptocurrency is available to users, which can sponsor the project and even participate in its management.
It has a market cap of only 57 million, but we can say it has a vital part in the Web 3.0 development.
Final words
Those are some of the interesting crypto projects you can keep an eye on, in the following years. Of course, don’t forget that the crypto world is highly volatile. Before you make an investment, do proper research, and never invest more than you are willing to lose.
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