Jump on the Web 3 bandwagon and invest in these top 5 cryptocurrencies for long-term yields.
While most of the global populace is trying to invent new ways to invest in blockchain and crypto, Web 3 appears to be emerging as the cornerstone of something bigger than the tech industry ever imagined. Web 3 is the new breed of the internet that aims to become the decentralized version of the virtual world.
This third-generation internet is where apps and websites will process information in a human-like way. The network allows users to interact and collaborate intelligently without worrying about the central and data-specific repositories. Web 3 strives for transparency, and the users will see endless resources, content, and agreements that will be accessible to all.
Web 3 cryptocurrencies are decentralized projects that use smart contracts and automate transactions over the internet.
So, without further ado, go ahead and learn more about the best 5 Web 3 cryptocurrencies that could yield high profits in the future.
1. Polkadot (DOT)
Polkadot is a unique project that aims to decentralize the web by connecting blockchains and enabling interaction. This will eventually allow certain new applications like decentralized finance (DeFi) services. Polkadot effectively allows any blockchain to be attached to it, making it one of the top crypto projects.
The DOT tokens are also used for governance to vote on any changes to the Polkadot network. Unlike other cryptocurrencies, Polkadot can be easily upgraded to fix bugs or even introduce new features without needing a hard fork or spinoff. This makes Polkadot a highly user-friendly cryptocurrency that is easier to adapt.
Since it was developed by the Switzerland-based Web3 Foundation, Polkadot is poised for future growth. In addition, the network is known for its unique and complex architecture. It is multi-chain and combines several blockchains. This unique structure allows Polkadot to process a large number of transactions simultaneously. For all these reasons, DOT is an emerging Web 3 cryptocurrency with the potential for high profits.
2. Filecoin (FIL)
Filecoin is a decentralized peer-to-peer storage network where users can earn the platform’s token by renting out space on their computers’ hard drives. One of the main benefits of Filecoin is that it can store digital assets, such as art or music, behind non-fungible tokens.
Anyone can be a storage provider in Filecoin’s network, whether you are an individual or a data center. All you need is internet access and enough disk space. The more storage you provide to the Filecoin network, the more transaction fees, and tokens you can earn.
It also claims to be secure enough to store more sensitive information like private company information and records. Filecoin is one of the top Web 3 cryptocurrencies that you can buy before it hits big in 2022. For these reasons, experts regard this Web 3 crypto as an easy bet for high profits.
3. Basic Attention Token (BAT)
Your search for the best Web 3 cryptocurrency ends here. The Basic Attention Token (BAT) is an innovative utility token built on the Ethereum network that powers the Brave Web Browser. Brave is a project created to ensure complete privacy while browsing the internet. The browser's users get rewarded with BAT Tokens for the attention they pay to certain ads, while publishers and content creators earn tips and ad revenue.
The Basic Attention Token is the native coin of the Brave Browser, and it is considered the fuel of the Brave browser digital marketing platform. Given the global market size of the digital advertising sector, it is no wonder that a blockchain-based protocol sought to revolutionize it.
BAT is striving to efficiently measure user attention paid to online advertisements by monetizing them. It benefits the user (audience) as well as the publisher (content creators). The platform does this in two ways. Firstly, users get paid in BAT tokens for paying attention to advertisements. Secondly, advertisers pay BAT tokens to publishers for getting user attention.
Notably, Brave has 250,000+ brand associations with some of the big names in the market, such as Red Bull, Amazon, Apple, Starbucks, and Paramount Pictures. It has also joined forces with charities like the Red Cross, Habitat for Humanity, and the World Wildlife Fund. This partnership has helped BAT reach out to a vast audience. Investing in this Web 3 crypto now could help you earn high profits in the future.
4. Theta Network (THETA)
Theta is a decentralized blockchain network built for video streaming. As a peer-to-peer network, Theta aims to facilitate video delivery for users with enterprise validator nodes from Sony, Google, Samsung, and other companies.
Theta solves the problem of delivering video to certain parts of the world by reducing its costs. The platform believes it is crucial to provide high-quality streaming for everyone.
Users are rewarded with the Theta Fuel token (TFUEL) when they share their bandwidth and computing resources. THETA is linked to the governance of the platform. Another benefit of Theta is that it is an open-source platform, allowing innovation from the community. The network uses proof of stake and multi-level Byzantine fault tolerance (BFT) to secure it. THETA is one of the top Web 3 cryptocurrencies and one of the best worthwhile investments.
5. Apecoin (APE)
The Apecoin (APE) is the Bored Ape Yacht Club’s very own cryptocurrency that gained striking popularity in recent months. Even though ApeCoin is associated with Yuga Labs (the company behind the intellectual property of the famous Bored Apes), this Web 3 crypto is a product of the ApeCoin decentralized autonomous organization (DAO).
A DAO is a system that organizes people and their interests using the blockchain, which means that each token holder in the ApeCoin DAO has a say in the organization’s development.
With a bright future ahead for the Bored Apes and BAYC associated projects, APE seems like a promising utility token for the trending ecosystem. Therefore its potential as a leading Web 3 crypto that promises high returns is undeniable.