Crypto
Bybit Learn
Bybit Learn
Intermediate
Jan 25, 2022

Top 10 Web 3.0 Crypto Coins to Watch

The global crypto market capitalization reached $3 trillion in 2021 and has plenty of room for more growth. After the metaverse took the internet by storm, Web 3.0 emerged to be one of the new buzzwords in the crypto realm. While Web 1.0 and Web 2.0 bolstered the growth in the internet world, Web 3.0 comes in bolder, focusing on decentralization by giving users the freedom to control their data. But what exactly is Web 3.0?

What is Web 3.0?

[Note: Although the terms Web 3.0 and Web3 have different origins, the two terms are inevitably becoming conflated in general usage. For this article, we’ll use the first term.] 

Web 3.0 is one of the new buzzwords for its next significant evolution of the internet. Web 1.0 took place from 1990 to 2004, when most websites were static and created by businesses. During this phase, people who saw an opportunity bought domain names to sell later at higher prices to businesses in need of these domains.

Web 2.0 was the era of user-generated content and social media. Users are encouraged to interact and connect with one another through social networking like blogs, vlogs and social media which eventually became mainstream. The evolution translates to a larger amount of content creation where most of the data are controlled by a smaller group of tech giants like Google, Microsoft and Facebook. This also raised the question of whether the user’s privacy is safe?

As the web continues to evolve, Web 3.0 focuses on decentralization driven by the concept of peer-to-peer internet solutions where users are the one that controls how their data is used. Web 3.0 is anticipated to boost data transparency and content accessibility relying on blockchain technology, especially since many applications and services are beginning to be powered by blockchain technology, metaverses and artificial intelligence (AI). The use of this technology help eradicate the use of a central authority for data storage and help preserve security through the distributed consensus. Essentially Web 3.0 aims to put more control back into the hands of people, its users — instead of major companies.

How Interoperability Works for Web 3.0 and the Metaverse

Web 3.0 boasts that users’ interaction and scalability are essential to supporting user operations. For Web 3.0 to be truly functional, it needs to achieve the three main features — decentralization, scalability, and security. The interoperability of Web 3.0 and Metaverse can be seen through the introduction of NFTs in which users interact with one another through virtual reality technology while Web 3.0 helps facilitate trade and communication.

Since Web 3.0 is a collection of apps on a decentralized platform, interoperability can be achieved through the interconnection of apps with the concept of the metaverse. For example, Decentraland Mana introduced an open connection for the global network of users to operate a shared virtual world by buying and selling digital real estate. To get started, users need to acquire LAND to define the ownership of their land representing their digital real estate. While the MANA is used to facilitate the purchase of LAND and the goods in Decentraland. The marketplace enables participants to exchange LAND tokens and also facilitates the interactions between users to transact in-game items. 

Ultimately, the decentralized internet is a key component of the metaverse because it’s less restrictive than centralized applications. With centralized applications, permissions need to be requested to enable interoperability.

Top 10 Web 3.0 Tokens

Kusama

Kusama is an open-source, scalable network of blockchains. Its specialized blockchains are built with the Substrate framework. Kusama provides a platform for blockchain developers to explore their creativity and quickly bring innovative ideas to fruition. The network embraces the concepts of disrupting the status quo and placing power back into the hands of users. Gavin Wood, the co-founder of Ethereum and the founder of Polkadot, created Kusama.

The network’s token, KSM, allows you to vote on governance referenda, nominate validators, validate the network, and bond parachains. KSM’s current price has ranged between $170–$374, with a current market cap of $1.4 billion. WalletInvestor predicts that KSM will reach $4,581.970 by 2026.

Theta

Theta is a video streaming platform that rewards users for sharing their extra bandwidth and computing resources. Steve Chen, the co-founder of YouTube, says Theta will disrupt the online video industry as YouTube did in 2005, albeit in a different way. Theta solves the problem of delivering video to certain parts of the world by reducing its costs. Quality isn’t sacrificed, either. Theta believes it’s important to provide high-quality streaming for everyone.

Users are rewarded with the Theta Fuel token (TFUEL) when they share their bandwidth and computing resources. The regular Theta token (THETA) is linked to the governance of the platform. Another benefit of Theta is that it’s an open-source platform, allowing innovation from the community. The network uses proof of stake (PoS) and multi-level Byzantine fault tolerance (BFT) to secure it. THETA is currently priced at $2.56 with a market cap of $2.56 billion.

Arweave

Arweave is a decentralized storage network which lets you permanently store data and applications. Your data is stored on a collectively owned hard drive that never forgets. One of the benefits of this architecture is that no one can overwrite your data. Additional problems that Arweave solves are 404s, decreased quality in web applications, and stealth edits. If you assist in maintaining Arweave’s permaweb, you’re rewarded with AR tokens. Arweave is community-owned and operated. Other ways you can receive compensation are by leasing extra storage space and building an application for the network.

Arweave’s price is currently $33, with a market cap of just over $1 billion. The network uses blockweave technology, a blockchain variation that links a new block not only to the previous one but also to a random additional previous block. The network has received funding from Coinbase Ventures, Andreessen Horowitz and Union Square Ventures.

Siacoin

If you want to support the decentralized internet, SC is a Web 3.0 coin you’ll be interested in. Sia provides yet another option in data storage. This platform stores your data in the cloud over a decentralized network and allows you to control your private encryption keys. Sia is more affordable than other cloud storage providers, costing only about $1–$2 per month to store 1 TB of files. Siacoin is the platform’s cryptocurrency to pay hosts for offering their extra hard drive space for storage. You can acquire SC by mining and trading. Its current price is around $0.0092, with a market cap of $0.46 billion.

Flux

Flux is a scalable, decentralized cloud infrastructure (not to be confused with other companies of the same name). This cloud software offer products that compete with tech giants like Amazon Web Services with the perks of being decentralized. Developers using Flux can create, manage, host servers and launch Web 3.0 applications across multiple servers with competitive speeds. The Flux blockchain is used for governance, parallel assets and economics. 

Flux also offers an operating system with decentralized properties called FluxOS. Anyone can operate a node for the platform, and you’re rewarded — along with GPU miners — at a 50/50 split. Flux crypto is turning up Web 3.0 with the recent partnership with tech giants Nvidia on its development. The partnership gives Flux the upper hand to get exclusive access to Nvidia’s engineers and marketers who’d support the further development of a decentralized internet. As of this writing, FLUX is priced at $1.46 with a $327 million market cap.

Ocean Protocol

Because Ocean Protocol provides tools needed to build Web 3.0 applications, it’s a coin to check out when you’re looking to invest in this area. Ocean Protocol also decentralizes data sharing and access on the internet. The OCEAN token stakes buys and sells data, and governs community funding. It’s designed to increase as usage volume rises. Supply of the token is also dispersed over time to encourage long-term stability and near-term growth. OCEAN has a current price of $0.5775 and a market cap of $354 million.

Kadena

This platform is designed for powering global financial systems. Kadena provides safer smart contracts, innovative energy efficiency and PoS security. Unlike many other platforms that use more energy as network demand increases, Kadena continues using the same amount. Because it uses braided chains, it can process up to 480,000 transactions per second (TPS). As more chains are added, the protocol scales to higher processing powers. 

KDA is the token used to process transactions on Kadena’s blockchain. There are a total of one billion KDA, which are set to be mined over a 120-year period. One KDA currently costs $5.21, and Kadena’s market cap is $870 million.

Audius

Music lovers will be interested in Audius. It’s a music streaming platform which aims to minimize the importance of signing with a record label. Musicians can publish their music and build a fan base on Audius. When performers stake AUDIO, they can unlock badges and artist tokens and receive voting power from their fans. 

The AUDIO token comes with community-owned governance and exclusive feature access. It helps keep the network secure as well. Some of the artists who support Audius include deadmau5, 3LAU, Rezz, and the Stafford Brothers. This platform provides high audio streaming quality at 320 kbps. AUDIO is currently priced at $0.8232, with a market cap over $424.5 million.

Radicle

Radicle is a decentralized, open-source platform for code collaboration. Smart contracts are used to manage access control, and ownership can be shared with multisigs. People can use the RAD token to sponsor projects and participate in governance. RAD is currently selling for $5, with a market cap of $131 million. Radicle is playing a role in developing the Web 3.0 space, with over 1,000 projects published already.

Syntropy

Syntropy’s mission is to solve problems in the Web 3.0 space, making the decentralized internet even more secure and beneficial to its users. Examples of areas it addresses are security, governance, privacy, reliability, performance and effective resource utilization. 

Web 2.0 relies on third parties for security, such as security certificates and trusted authorities. Syntropy removes the third party from data encryption. The Syntropy token (NOIA) allows connectivity over the network. As of this writing, its price is at just over $0.13 with a market cap of $68.5 million, making it a great opportunity to get in early.

How to Buy Web 3.0 Tokens on Bybit

You can get your hands on Web 3.0 token in a few quick steps: 

1. Registers/Sign up for an account on Bybit

2. Once you’re verified and logged in to your account, go to Assets → Spot Account. You can deposit USDT into your account to trade spot pairs for the token. 

3. Alternatively, you can click Buy Crypto if you first want to purchase USDT using your debit or credit card or via Bybit P2P. 

Buy Crypto P2P with Zero Transaction Fees

In the search box on the Spot Account page, type the name of the token you want to purchase. Click on Trade beside its name, and the specific token you want to buy. On the right-hand side, you’ll find a green Buy button. Below that, you’ll see three order categories: LimitMarket and Conditional. While Limit is recommended, you can buy immediately by selecting Market and choosing how much you want to buy. 

Complete your purchase by clicking the green Buy button below that and confirm your order when the pop-up prompts you. If you want to view your completed purchases, click on the Past Orders tab on the same page.

The Bottom Line

Some of the best opportunities in the crypto market for 2022 and the years ahead are Web 3.0 coins, metaverse coins and NFTs. Technology is expanding into a decentralized internet and incorporating more artificial intelligence and virtual reality into the internet experience. Blockchain technology is being adopted by more people as well. 

We believe the 10 coins listed above are the current top 10 tokens you can invest in if you want to support Web 3.0 and the crypto market while at the same time giving yourself a chance to make a profit.