What is Web 3.0? What are Web 3.0 Coin Projects?

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After the metaverse coins that gained momentum after Facebook’s metaverse move, this time the interest shifted to Web 3.0 and Web 3.0 coin projects. In this article, we will examine the concept of Web 3.0, which is seen as the “democratization of the internet”, and crypto money projects focused on this area.

What are Web 3.0 and Web 3.0 coins?

Web 3.0 represents a “paradigm shift” for the internet. Five years ago, it was thought that the next generation of the internet would be the Semantic Web. Berners-Lee coined the term to describe a web where machines could process content in a humane way. The Semantic Web did not materialize for several reasons. One of the reasons was that real AI technology called RDF (resource identification framework) was nearly impossible to implement. Because the machine could not classify a concept without understanding the context in which it was defined.

Although the Semantic Web envisioned by Berners-Lee did not materialize, Web 3.0 is in many ways considered a throwback to the original web. For many, the rise of technologies such as distributed ledgers and storage on the blockchain will allow data to be decentralized; It will surpass the centrality, surveillance and advertising of Web 2.0 by creating a transparent and secure environment. Also, the chronic interruptions that have become the norm in Web 2.0 will disappear because decentralization will enable transparent, on-demand, peer-to-peer communication. In summary, Web 3.0 means that it is aimed to bring us a fairer internet by ensuring that the individual dominates. For this reason, it is described as more “democratic”.

What are Web 3.0 coin projects?

While most Web 3.0 tokens have outperformed many tokens this year, they have only recently captured mainstream attention. These tokens and the network behind them have many different functions. For example, Filecoin and The Graph offer decentralized storage. Helium provides data transfer using coverage areas. Now, we will talk about the top 10 Web 3.0 coins by market cap.

  • Chainlink (LINK): Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds and payment methods, providing the critical off-chain information required by complex smart contracts.
  • Theta Network (THETA): Theta (THETA) is a blockchain-powered network built specifically for video streaming. Launched in March 2019, Theta mainnet operates as a decentralized network where users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
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  • Filecoin (FIL): Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” Unlike companies that are prone to centralization issues, Filecoin takes advantage of its decentralized nature to maintain the integrity of a data location.
  • The Graph (GRT): The Graph is an indexing protocol for querying data for networks such as Ethereum and IPFS, powering many applications in both decentralized finance (DeFi) and the wider Web 3.0 ecosystem.
  • Helium (HNT): Helium (HNT) is a decentralized, Blockchain-powered network built for Internet of Things (IoT) devices. Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices.
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  • BitTorrent (BTT): BitTorrent is a peer-to-peer (P2P) file-sharing and torrenting platform. Launched in the early 2000s, BitTorrent became a P2P file-sharing platform with TRON taking the leap in 2018.
  • Stacks (STX): Stacks is a layer-1 Blockchain solution designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC).
  • Arweave (AR): Arweave is a decentralized storage network that aims to provide a platform for storing data indefinitely.
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  • Siacoin (SC): Sia acts as a trusted marketplace for cloud storage where users can rent access to unused storage. Agreements and transactions are implemented through smart contracts. The main goal of the project is to become “the main storage layer of the internet”.
  • Audius (AUDIO): Audius is a broadcast protocol that facilitates direct transactions between listeners and creators. In the past months, it has come to the fore with its partnership with TikTok.

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