3 Web 3.0 cryptos to buy before a major boom in 2022

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Web 3.0 is becoming more and more essential as the days go by. There’s more and more talk every week about how Web 3.0 is the next internet revolution and how our lives will be so much better thanks to decentralization. Some think it’s all tech gibberish, others think it’s the real deal. And, of course, crypto should lead the charge for this new iteration of the web. As such, investors are looking for the best Web 3.0 cryptos to buy before the wave crests.

The concept of Web 3.0 is rooted in the idea that our current Internet, Web 2.0, is becoming far too centralized. Of course, we have on-demand e-commerce platforms like Amazon (NASDAQ:AMZN), powerful web oracles like Alphabet (NASDAQ:GOOGNASDAQ:GOOGL) and social media behemoths like Twitter (NYSE:TWTR). Yet in the process, Web 3.0 bulls argue that we have given these entities too much power. Now we realize how much companies like Amazon and Metaplatforms (NASDAQ:Facebook) control our internet, our emotions and the way we interact with each other.

Web 3.0 will then allow users to connect to each other through blockchain technology. The decentralized nature of blockchain enables entities such as Decentralized Autonomous Organizations (DAOs). These DAOs allow the users themselves to decide what to change or which rules to apply; thus, they generate a level of independence among end users. Additionally, Web 3.0 absolves companies like Amazon, whose Web Services suite powers about a third of the entire internettheir control over web infrastructures.

This all sounds good, and it’s already happening all around us. The advent of crypto investing is helping drive this new web forward. But, in which projects can we invest specifically to bet on Web 3.0? Consider these web 3.0 cryptos to buy:

  • Chain link (LINK-USD)
  • Audius (AUDIO USD)
  • Flux (FLOW-USD)

Web 3.0 cryptos to buy: Chainlink (LINK-USD)

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Chainlink is one of the biggest web 3.0 games, existing long before the recent hype caught the attention of investors. The LINK token is the #22 crypto in the world, with a market capitalization of $7.5 billion. It has achieved this impressive valuation by providing a crucial service to DApp platforms that are leading the push towards the new Internet.

The Chainlink network is what is called a blockchain abstraction layer. The network simplifies blockchain coding into a simple interface that allows data to flow freely on any number of blockchain networks. Essentially, Chainlink data can flow from one project to another seamlessly through smart contracts. But what does Chainlink actually do with this ability? Well, as a decentralized oracle, Chainlink can independently provide a variety of data types to DApps. If an app needs accurate crypto market prices for a DeFi platform, it can retrieve those prices in real time via Chainlink. If an application wishes to offer an external payment method that the underlying network does not offer, it can do so via Chainlink. Thanks to the project Associated Press partnership, one can even use Chainlink to provide users with real-time news feeds.

One can check out Chainlink’s ecosystem page to see all of the integrations it has done in five years. He’s been pretty busy partner of nearly 1,200 projects. Last fall, she entered into one of her biggest partnerships to date, join in the hatching gimbal (ADA-USD) network as it begins to roll out smart contracts and DApps. If that’s not enough, the network also plans to integrate its own DeFi functions this year in LINK staking implementation.

Audius (AUDIO-USD)

Concept art for the Audius token (AUDIO).

Source: Shutterstock

Music streaming is a huge topic right now, thanks to recent Spotify (NYSE:SQUARE) drama. The company has been in hot water over its trial and error over the Joe Rogan news. Spotify, which exclusively licenses Rogan’s podcast The Joe Rogan Experience, has failed to quell anger over complaints about misinformation about the Covid-19 vaccine. Now is seeing a theft of artists of its platform, including Neil Young and Joni Mitchell. This isn’t the first time Spotify has drawn criticism either; he is constantly shunned for don’t pay musicians on its platform at a competitive rate compared to other streaming services.

Enter Audius, the Web 3.0 player that wants to decentralize music streaming and put the rewards in the hands of musicians and listeners. Audius, which runs on the Solana (SOL-USD), is one of the fastest growing Web 3.0 platforms. Through Audius, one can listen to their favorite artists and ensure that they get more streaming revenue than other services offered. He also wants reward users themselves for creating network value; by listening to music on the platform, users can earn AUDIO tokens. More importantly, AUDIO tokens are used to network governanceallowing users themselves to vote on changes to the network.

In keeping with the decentralized theme of Web 3.0, Audius relies on two types of nodes for content distribution. Artists themselves contribute their work to content nodes. These content nodes then provide users with high-quality music streaming. Artists also submit content to the Audius Content Registry. This registry automatically indexes content metadata and sends it to discovery nodes. Discovery nodes provide end users with content suggestions that help improve the Audius experience.

Web 3.0 Cryptos to Buy: Flux (FLUX-USD)

The Flux (FLUX) cryptocurrency logo on a piece of white cloth.

Source: Shutterstock

Flux is one of the most popular Web 3.0 cryptos to buy, with investors enthralled by the network’s promise to be Amazon’s blockchain web services. It’s not as flashy as Web 3.0 music streaming, that’s for sure. But, it could very well turn out to be one of the most important Web 3.0 projects over time, providing the tools needed to build the next evolution of the Internet.

Flux is the most obvious to challenge Amazon Web Services as a decentralized server host. Amazon controls a third of the internet with AWS, but that often shows it’s not fit for the job. The service sees several breakdowns per year, which often brings down some of the most popular websites in the world. Flux can compete with this through its FluxNodes, which offer user-provided servers that promise better performance than competitors.

FluxNode operators exist all over the world and the number of nodes is increasing every month. These node operators provide computing power to the network; users can then use this computing power for server hosting, DApp and Oracle deployment, etc. Since the nodes are located all over the world, users almost anywhere in the world have access to high performance computing. In exchange, node operators receive FLUX coinsearning them passive income for their services.

The network is heating up fast, with plenty of investor support. Since October, the coin has risen over 450%, reaching an all-time high of $4.17. Moreover, the network is supported by huge IT players. Earlier this year, the network announced a partnership with graphics processing unit (GPU) maker Nvidia (NASDAQ:NVDA). The company is helping push the development of Flux by putting the project in touch with Nvidia engineers and marketers.

As of the date of publication, Brenden Rearick had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

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