Curious about the possibilities of web 3.0 credentials? Give Project Galaxy and its GAL tokens a try.

When the World Wide Web — now known as Web 1.0 — was first brought online, users could view information from all over the world. Beginning in 2004, Web 2.0 boasted better usability for the end user, as well as more user-generated content. Today, an increasing percentage of internet users require decentralized systems that are private, secure, and owned by the community. 

Project Galaxy is the most expansive Web 3.0 credential data network available. The purpose of networks like Project Galaxy is to help projects and developers use NFTs and digital credentials to build stronger communities and products.

Whether you’ve recently begun to invest in crypto, or have been an investor for years, you may be wondering what 

 is. This project has been in development for several years and has already been used to launch over 500 Web 3.0 projects. The many different types of Web 3.0 projects that have been based on Project Galaxy infrastructure include loyalty programs, bootstrapping communities, custom voting systems and growth-hacking campaigns.

Project Galaxy initially began in early 2021 and has since been accessed by over 200,000 users across seven separate blockchains. Since its inception, Project Galaxy has quickly become among the most popular Web 3.0 

 because of how collaborative and open it is.

Initial development of Project Galaxy was handled by the 

, which is part of the Center for Comparative Genomics and Bioinformatics at Penn State University. The core Project Galaxy team also consisted of members from the 

 at Oregon Health & Science University, as well as the 

 at Johns Hopkins University. Project Galaxy has since turned into a global effort with continual improvements being made to the project.

Even though this Web 3.0 credential data network was initially created in 2021, numerous milestones have served to provide even more benefits to users. By July 2021, more than 10,000 credential-based NFTs had already been minted and fully claimed, via BNB Chain and Ethereum.

To understand just how large the Project Galaxy infrastructure has grown, it was announced toward the end of April 2022 that around 500,000 NFTs are minted through Project Galaxy every month. Some additional milestones that indicate widespread adoption of Project Galaxy include:

Project Galaxy is largely based around the idea of providing data consumers and developers with the infrastructure they need to deliver data to networks and to curate digital credentials. It's possible for contributors to use this infrastructure to curate various types of digital credentials, including on-chain and off-chain.

To understand just how beneficial the Project Galaxy infrastructure can be, let's take a look at how digital credentials are curated without Web 3.0 infrastructure. With Web 2.0, credential data is segregated throughout closed databases, which are owned and fully permissioned by institutions and applications.

The problem with this approach is that it leads to a fractured system in which the individuals who should own the data don't have easy access to it. In comparison, Project Galaxy provides developers with an aggregated Web 3.0 credential data network. With this type of network in place, users have control over their own data and digital credentials.

While Project Galaxy consists of a bevy of unique and useful features, the following section details some of the key features which define GAL.

Credential Data Network (On-Chain and Off-Chain Credentials)

If you want to know what GAL is, the truth is that this project is centered around a credential data network that accommodates 

 digital credentials. By offering both types of digital credentials, the Project Galaxy infrastructure allows curators to contribute credentials via multiple data sources.

When it comes to on-chain credentials, it's possible for curators to contribute their data from seven separate chains with wallet snapshots or sub-graph queries. As for off-chain credentials, curators have the ability to contribute digital credentials through data sources that are already integrated into Project Galaxy, including Discord, Twitter and GitHub.

Galaxy On-Chain Achievement Token (Galaxy OAT)

Another notable feature of Project Galaxy is the Galaxy on-chain achievement token, which is referred to as Galaxy OAT. This token serves as a lightweight solution that community managers and event organizers can use to create and distribute NFT campaigns without issue, after which community members can be rewarded. These on-chain achievement tokens are a kind of digital record of various achievements that have occurred.

Let's say that you buy tickets to a concert or NFL game. These tickets could come with a separate NFT that serves as a digital record of an event you attended. You would then be able to access this record and showcase the credential whenever you recall the memory.

When using OAT, event organizers are able to form their own pages on the 

 platform. They can also create events, as well as digital credentials, by simply submitting the badge design and parameters.

Event participants can also claim the NFT from their email via gas-less minting, which is a transaction-free solution for NFTs. In the short term, it's believed that Galaxy OAT will mainly be used for loyalty programs with DeFi, metaverse, NFTs, or other Web 3.0 projects. In the long-term, however, these tokens may be used for life experiences and real-world events.

If you decide to take advantage of the Project Galaxy infrastructure to build digital credentials, you'll also benefit from the Galaxy ID feature, which is essentially Web 3.0 LinkedIn. Every individual on Galaxy can use Galaxy ID for their universal username, which can be taken across multiple wallets and chains in Web 3.0. Users are also able to display their digital credentials and showcase their achievements once they have a Galaxy ID.

The Hashflow protocol is known to be relatively unique because of its ability to connect top crypto market makers with on-chain users. With this protocol in place, swapping tokens becomes considerably more gas-efficient and capital-efficient. Hashflow displayed some strong metrics early on in development. In fact, the alpha and beta phases of development increased the TVL to $1.2 million and $3.2 million respectively.

Despite Hashflow’s many advantages, it wasn't paired with a token early on, which limited its adoption among users. With this issue in mind, Hashflow has worked together with Project Galaxy to launch the Hashbot Genesis campaign with the Project Galaxy infrastructure. This infrastructure has given Hashflow the ability to incentivize users with exclusive NFTs. Since the introduction of Project Galaxy technology into the Hashflow DEX, the platform's weekly active users have increased from 3,000 to 13,000.

GAL tokens are a form of governance token that's used alongside the Project Galaxy DAO. Keep in mind that governance tokens can be used for voting on decisions pertaining to the ecosystem or one of the Web 3.0 projects. Token holders are able to shape the platform's future whenever new features or changes to the governance system are proposed. By issuing GAL tokens, the future of Project Galaxy rests in the hands of the users who claim these tokens.

GAL token holders can dictate the platform fee percentage that's collected by Project Galaxy. They can also control funds that are held with the community treasury. Any developer who uses data that’s been curated by Project Galaxy must pay platform fees with the GAL token. These fees are then distributed directly to the data curators, who use GAL tokens to determine the value of a data set.

Now that you know what is GAL, you should know more about GAL's price and how GAL is set to be distributed in the coming years. Project Galaxy launched on May 5, 2022, at which point a certain number of GAL tokens were unlocked. Keep in mind that Project Galaxy is distributing 200 million GAL tokens. Of these tokens, just under 2% are early adopter rewards, with 1.5% being allocated to Binance Launchpool. Another 4.5% are attached to the Project Galaxy ecosystem. The tokens for these three segments were fully unlocked at the token generation event that occurred on May 5.

Further distributions of GAL tokens differ, depending on who or what the distributions are going toward. For instance 15% of the 200 million GAL tokens are being used for marketing purposes. Around 20% of this allotment was unlocked at the token generation event. The remainder of this allotment is set to unlock quarterly in equal amounts for a period of three years. The available trading pairs include GAL/BTC, GAL/BUSD, GAL/USDT and GAL/BNB.

Even though it's impossible to predict the price of Project Galaxy and its token because of its recent launch, there are some pieces of information that can be used to gain a reasonable estimate of what GAL will be priced at over the next few years. The best aspect of the GAL token is that Project Galaxy solves one of the most notable problems associated with Web 3.0. The exponential growth that this token had even before its official launch indicated that it was in high demand, and would have a similarly high price.

Whether looking at Web 3.0 infrastructure, which includes Project Galaxy and other aspects of decentralized systems, it's always going to be challenging to identify how valuable this infrastructure is going to be on a long-term basis. However, Project Galaxy is built on sturdy foundations, indicated by the aforementioned road map and its use in many Web 3.0 projects.

Features like a credential data tag system and permissionless credential creation are set to launch later this year. The iterative updates they plan for 2022 and 2023 show that Project Galaxy isn't content with what it already delivers to users. At this moment, there's every indication that Project Galaxy will be a sound investment in the coming years.

While Project Galaxy has been around for a relatively short period of time, it has already proven to be invaluable to developers and data users alike who wish to create digital credentials and NFTs. In fact, the GAL token is already expected to quickly appreciate in value over the next few months. Now that you know what GAL is, you can determine if this token is right for you.

Intermediate

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What Is Project Galaxy (GAL): Building Web 3.0 Credentials in the Crypto Space

You aren't alone in thinking creators deserve more for their content generation efforts. Check out FreshCut and their FCD tokens as they unite the gaming short-form content world through Web 3.0.

The video game industry is no stranger when it comes to short-form social content. From its humble 

 beginnings to today’s various Twitch clips and TikTok highlights, the social-video game segment has grown exponentially. This is thanks to gaming content channels providing hours of content for users to indulge in. Unfortunately, the revenue associated with this explosive growth hasn’t been proportionately shared with content creators despite said Web 2.0 platforms raking in millions in advertising revenue.

Thankfully, projects like FreshCut exist to give creators their rightfully deserved monetary rewards. On top of ensuring creators get duly rewarded, FreshCut fans will also gain incentives for their engagement within the community. Curious about how this all ties together? Read on as we cover what FreshCut is and whether FreshCut Diamonds (FCD) are worth investing in for those bullish for 

As an ambitious project that bridges Web 3.0 and gaming, FreshCut brings some promising ideas to the table. Here are some of the ways FreshCut plans to revolutionize the way users perceive short-form gaming content platforms.

One of the biggest issues plaguing the top short-form content platforms is that it’s tough to break into the scene if you’re an independent gaming content creator. This is because viewership is highly concentrated within a small handful of popular personalities. As creators with millions of fans frontline the pages of platforms like Twitch and YouTube Gaming, creators with smaller followings have little to no chance of appealing to the majority as they’re fighting against a content discovery algorithm that doesn’t favor them.

FreshCut hopes to resolve this unfair discovery system by introducing its own system that ​​showcases content from up-and-coming gaming personalities, as well as that of famous creators. From curated playlists to endless scrolls featuring top gaming content, every creator gets a fair shot at reaching out to viewers.

With the main goals being creative agency and freedom, FreshCut aims to give power and control back to creators through its Create-and-Earn system that incentivizes creativity and engagement. On top of this, FreshCut also offers a creator tipping mechanic that provides 90% of tips back to creators, while the remaining 10% goes to the FreshCut community treasury.

FCD is the native token of FreshCut. It acts as the core of the ecosystem, through which both creators and viewers earn rewards. Creators who engage with their community will earn FCD tokens through the various Create-and-Earn quests. These include organizing FreshCut events to engage with the community, and actively publishing content so creators can grow their brand on the platform. 

Conversely, viewers can also share in the rewards through the many Watch-and-Earn quests that range from completing curated playlists to watching a set number of clips.

Unsure of the perks of holding FCD tokens? Some functions of FCD tokens include:

Overall, there’s a maximum supply of one billion FCD tokens that will be released over the next few years. To enable the rapid growth of FreshCut as a platform, half of FCD’s overall distribution is allocated to content creators and viewers. Despite this raising a few eyebrows, investors can rest assured that these tokens will be strategically deployed to incentivize growth and will taper off over time.

FCD token investors who want to get in early can check out the 

, where 2.625 million FCD tokens can be earned through either staking 

Here are some reasons to consider investing in FCD tokens:

When considering TikTok’s meteoric rise, we can see that short-form media is the preferred content medium among today’s generation. All things considered, it’s safe to say FreshCut is on the right path as it seeks to disrupt the traditional way we view content platforms, with its aggressive reward mechanics and focus on creative freedom. With a stellar team that’s jam-packed with talent from Twitch, Microsoft, Reddit and Goldman Sachs, their combined experience makes it easy for investors to trust FreshCut in terms of their future guidance and direction. Also significant is FreshCut’s secured backing from industry-leading venture capitalists. 

When it comes to FCD tokens as a good investment for the future, we can simply look at FreshCut’s future plans to expand the content platform. Down the line, we can expect FreshCut to expand toward a digital collectibles marketplace. Fans who want to go above and beyond will be able to purchase digital merchandise to show support for creators’ content efforts. For investors seeking a more long-term outlook, they can look forward to the FCD staking feature, available for creators and fans who wish to be rewarded with extra FCD tokens for their 

With the gaming ecosystem continually exceeding growth expectations, there’s a lot to be excited about as FreshCut seeks to capture the hype of this growing market. Even though big-name players like Twitch and TikTok are already entrenched in this space, FreshCut is one step ahead with clear direction when it comes to tackling current gaming content issues — and is intent on revolutionizing the way we perceive short-form gaming content.

what is freshcut diamond fcd tokens featured image

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What Is FreshCut (FCD): Uniting Gamers And Creators Through Short-Form Content

With an aim to make blockchain application universal, Nervos Network presents itself as secure, decentralized, and a "sustainable store of value". In this article, we delve into the specifics.

As adoption and awareness of blockchain technology increase, so have the number of applications that are launched on various emerging blockchain networks. A multitude of 

 have sprung up, each built with different parameters and consensus models, not to mention varying transaction schemes and smart contract functionalities to serve different purposes. 

While increased adoption is a good sign pointing toward developers thinking outside the box, it also presents challenges of scalability and interoperability. Simply put, chains operating in isolation limit the possibility for mass adoption, as well as people's capacity to enjoy the full benefits of decentralized ledger technology.

 was founded in 2018 to create a truly peer-to-peer crypto-economy network. A multi-asset store-of-value blockchain ecosystem, it leverages a unique dual-layer architecture to improve scalability and interoperability. 

Nervous Network is a solution for the lack of scalability and interoperability that plagues most 

 blockchain networks. It was named after the body’s nervous system — its network shares a similar layered structure, with a separate layer that serves as a consensus generation layer and smart custodian, as well as another layer designed for high-performance transactions and privacy protection. 

Nervos Network is designed such that its Layer 1 is a common knowledge base (CKB) layer that provides common knowledge custody for the network. This is the platform’s base layer, offering a general-purpose proof of work (

) blockchain that operates as the consensus engine for applications that launch on the Nervos ecosystem. What’s more, this layer features a native 

The second layer, on the other hand, is the computation layer, where the 

 processing of transactions takes place. This layer is also designed to generate new states of the blockchain, and can host several decentralized applications (

), as developers can use it to execute the functions of their DApps.

As mentioned, Nervos’ CKB is the base layer of the Nervos Network and public permissionless blockchain. In the world of blockchains, the term “common knowledge” refers to states of the blockchain verified by global consensus. 

As the store of value across the Nervos Network, the CKB layer features a generalized cell model in which each cell can store an executable code, a smart contract, or other pieces of content on the blockchain. Every update of cell content is performed through cell creation or destruction, which makes the entire network flexible/ever-evolving.

, in which spent coins are marked as "spent" instead of being removed completely from the blockchain. To facilitate this economy, the Nervos CKB network features a native utility token called CKB that represents state storage units. 

CKB is the native token of the Nervos Network. With CKB, a token holder is entitled to part of the total state storage of the network. For instance, a holder with 1,000 CKB tokens can create a 1,000-byte cell — or have multiple cells all adding up to 1,000 bytes on the Nervos blockchain. Given that CKB runs on a PoW blockchain, it’s mined using an ASIC-neutral PoW function, designed to distribute tokens as evenly as possible to guarantee the network's security.

Apart from being used to purchase storage space of cells on Nervos CKB’s base layer, the CKB token also brings flexibility to the entire ecosystem. The fact that CKB tokens are exchanged for cells (and vice versa) establishes an economic model where state storage fees are imposed on both the space and time of occupation. 

Nervos' first layer and mainnet feature a PoW blockchain that provides security and stores the network's application activity and account balances in cells. The 

protocol, on the other hand, is responsible for processing transactions and generating new states (i.e., application activities and other additional data storage requests).

The base layer of the network, i.e. the Nervos CBK mainnet, also provides a stateful “

” virtual machine that supports application processing requirements using 

. This virtual machine system is based on Bitcoin's UTXO accounting model to store and track changes in state on the blockchain. 

Thanks to Nervos CBK's cell model, parallel processing of transactions and application activities are achieved, allowing scalability to be attained without compromising network security.

Also, using the Nervous CKB general purpose common knowledge base model affords interoperability, because various Layer 2 blockchains can launch and leverage the storage and processing capabilities of the mainnet.

The Nervos Network features an economic model designed to enable all participants to contribute to the success of the platform, while maximizing the utility of blockchain technology. By virtue of the CKB token, platform users, developers and 

 operators can work toward a common goal through the creation and storage of states on the CKB mainnet. 

Compared to existing blockchains, where state storage is a one-time transaction in which the state is occupied indefinitely,, Nervos Network's model incentivizes users to pay for the network's resources based on the capacity and time of occupation. This model allows the platform to scale and grow organically. 

Nervos Network's layered design gives it a great deal of flexibility. The network's decentralized and permissionless framework allows the platform to operate as a universal-store-of-value network that’s accessible for all sorts of blockchain services. Nervos offers the blockchain and crypto space an entirely new level of flexibility, which allows developers to build universal apps that can run on any blockchain network.

Even though scalability and interoperability are a must-have for increased adoption of blockchain technology, security is the reason why blockchain networks such as 

Nervos Network is built on a tried and tested PoW consensus protocol that keeps the decentralized apps and tokens built on its platform safe and secure. What's more, Nervos Network has been vetted by third-party auditing, and has proven to be safe — even going as far as hosting 

 events with cash prizes for participants who find weaknesses in the project's underlying protocol. 

CKB is the native token of Nervos Network. Its main utility lies in both the purchase of state storage on the platform's mainnet and in enabling smart contract execution. The token is also used to reward miners with block rewards and transaction fees. 

of the platform contained 33.6 billion CKB tokens. Out of this, 8.4 billion (or 25%) were burned, never to enter circulation. 

Here’s a breakdown of the remaining allocation:

Nervos Network is a good investment, as its utility is founded on the fact that it’s geared toward solving major challenges in the blockchain and crypto space. Despite the unprecedented growth of blockchain ecosystems such as 

, the problems of interoperability and scalability are still widespread today. 

Nervos Network implements a sophisticated layered solution that can run the software of other blockchains without a 

, while maintaining the security of a PoW blockchain. This will give the CKB token unprecedented levels of utility and value as adoption rates continue increasing into the future.

One of the most reputable crypto exchanges on the market, Bybit is the best place to buy CKB. On Bybit, CKB is available on the exchange’s derivatives trading platform. To buy CKB, simply 

. Once you’re verified and logged in, head over to the 

With USDT in your account, create a limit order to 

Now, confirm your position, and you’ll have exposure to CKB’s market movement through Bybit.

Nervos Network is bringing flexibility, interoperability and scalability to the blockchain and crypto space. Unlike most blockchain-related projects that attempt to compete with existing platforms, Nervos takes a different approach, incorporating the best features of every network to create a valuable contribution to the mass adoption of blockchain technology. 

Thanks to the network's use of a common knowledge base approach, Nervos can incentivize the participation of every user, miner and node operator to facilitate the platform’s continuing growth. With CKB as the decentralized trust root of the Nervos Network crypto economy, security of the upper layers is guaranteed without compromising scalability, flexibility and interoperability. 

Furthermore, with the advancement of Nervos Network toward a 

, users and developers will have full autonomy in defining the network's protocol and creating digital identities for the emerging crypto 

. Going forward, imagination will be the only limitation to the use of the Nervos Network.

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What Is Nervos Network (CKB)?

Web 3.0 is permissionless, decentralized and it boats its ability to accurately interpret queries both conceptually and contextually. But how does blockchain plays a role in this evolution? Learn more.

Technology is ever-changing, and the term Web 3.0 has been widely used, especially as we’re at the tipping point of the web’s evolution. Beyond data decentralization, Web 3.0 boasts its ability to accurately interpret all queries both conceptually and contextually. Still, its potential is criticized for falling short of its ideals and the massive paradigm shift from Web 2.0. So, what exactly is Web 3.0 — and how will it revolutionize the tech industry and crypto in general? 

In short, Web3 (or Web 3.0) is the third generation web. It’s permissionless, decentralized, and has code designs drawn from open sources. In simpler terms, Web 3.0 processes information with human-like intelligence through the assistance of artificial intelligence (AI) and machine learning, without relying on centralized platforms for data exchanges. Web3 users who participate in governance protocols own a share (token or crypto) that represents their ownership in the decentralized network. Any holders of the governance tokens have the right to vote for changes to be implemented in the network. 

, conceived a vision of the internet called the Semantic Web, later renamed Web 3.0. In principle, the Semantic Web is an autonomous, intelligent and transparent internet. Its advocates and developers seek to create a web of interconnected data in a decentralized structure that deviates itself from its predecessors, Web 1.0 and Web 2.0, in which data is mostly stored in centralized repositories. 

Web 3.0 may not have a single, simple definition, but we can define the framework by its key features as follows.

Web 3.0 avoids permission access through the inception of decentralization and the use of open-source software. Without the need for centralized permissions, users can interact without going through central authorities to access services of their liking. No intermediary is required for any virtual transactions among the involved parties. In other words, users’ privacy is more secure without the interference of intermediaries.

Unlike its predecessors’ applications, Web 3.0 apps are built on blockchain networks where nodes govern, contribute, maintain and improve the decentralized network. Instead of deploying an application hosted by a single cloud provider, the data of the decentralized applications (DApps) built on Web 3.0 is distributed and stored in multiple locations simultaneously. Therefore, the data is governed without a central controlling node or a single point of failure. 

Decentralization is a basic idea of Web 3.0. In the current web, the HTTP protocol requires locating information on a single point or server. This single information source represents a potential point of failure, or point of control.

Decentralization places information on more than one location and prevents or limits the potential for control or censorship. Blockchain technology ensures a permanent and unchangeable record of digital assets.

Web 3.0 will advance the current state of computers. Computer scientists will continue developing semantic Web concepts for computers to learn so that they can use information in ways similar to humans. The Semantic Web is an extension of the existing World Wide Web, using information with well-defined meanings. The goal of the Semantic web is to allow people and computers to work together — in voice, text or other interfaces.

Natural Language Processing (NLP) is a branch of computer science that gives computers the ability to understand written and spoken words. Growing from early usages like spell check or auto-complete, natural language processing uses advanced algorithms to enable computers to read, understand and derive meaning from words and phrases.

Use cases for NLP include spam filters that scour incoming emails. Amazon’s Alexa and Apple's Siri have voice and text interfaces. Researchers continue to use machine learning and NLP to process unstructured information, such as in detecting fake news.

Machine learning uses algorithms to help machines learn in the ways that humans do. The combination of technological advances — AI, NPL and the Semantic Web — develops intuitive computer capacity far beyond what we use today.

 Tim Berners-Lee while he was working as a computer scientist at the remarkable European research center, CERN. Lee wrote the basic technologies of the internet: HTML, URI/URL and HTTP.

The era known as Web 1.0 began with the introduction of web browsers like 

. Web 1.0 consisted of static web pages stored on servers. Users enjoyed retrieving pages, innovations such as email, and news content. The early web had few interactive features until online banking and trading gradually became available.

As Web 1.0 grew in popularity and usage, innovations and developments expanded the range of web pages to include dynamic and interactive features, albeit small in number. However, Web 1.0 offered little if any opportunity for user creation.

Web 2.0 is the current version of the web. It marked a change in basic assumptions from Web 1.0, changing the use of the internet fundamentally and dramatically.

Technological advances transformed the static web pages that characterized Web 1.0 into interactive, socially connected and user-generated content. From the early days of Web 2.0 to the present, companies have followed a familiar path. The first phase is to develop and launch an application. Then, the company works to enroll a large group of people. This process collects user data, monetizing the database to generate income.

One can describe Web 2.0 as an interactive read-write network and a social web. User-generated content was a major departure from Web 1.0. The design of most Web 2.0 applications enables any user to operate the software or develop content. On the current web, any user can write a thought and share it, post a video for the world to see, and interact on social media platforms like Twitter or Facebook.

Today, millions of users develop and create content in various forms, including text, graphics and video. The explosive growth of the internet in Web 2.0 resulted from its reach in distributing user-created content, which can come from a range of devices such as tablets, iPhones and Android devices.

Mobile phones support continuous interaction and connectivity with apps featuring expansive online connectivity and interaction, such as Facebook (Meta), Twitter, TikTok and Instagram. Businesses like Airbnb and Uber also use the advanced interactive capability of Web 2.0 to promote their business models.

Companies can use a wide range of web technologies or languages, like 

 or JavaScript. Developers can use languages to create applications that enable users to interact on the existing web. The widespread use of company apps has led to an accumulation of data and user information. These accumulations or databases become tools for marketing or use as sellable assets.

Exploiting data through advertising, data sales and marketing has grown into a massive global enterprise. The loss of control over user data has given rise to an industry of software to protect personal data. Centralized servers that hold massive databases are in turn targets for unauthorized use and control.

Web 2.0 grew as users enjoyed the many benefits of social contact, ecommerce and individual capitalism. The rapid growth of the internet led to dominant platforms with enormous revenue streams. Among the largest web companies are Google, Facebook (Meta), Apple and Amazon. The dominant Web 2.0 companies rank among the largest companies on the globe by market cap. Just as impressive as their size is the remarkably youthful age of these companies. Of the leading tech companies, Apple is the senior citizen at about 45 years, Amazon and Google are in their mid-twenties, and Facebook is a mere teenager at about 17 years.

Today, Web 2.0 is a system dominated by large technology companies that monetize databases. As a result, Web 2.0 has centralized authorities who require permissions, and users consequently lose control of user data. The original vision of the WWW was far more user-focused and democratic.

 and cryptocurrencies can qualify participants for roles in a blockchain’s governance, and for special status. Web 3.0 relies upon cryptocurrency and NFTs to establish systems of value. For example, protocols can use NFTs as voting shares or for other privileges related to policies and decisions. Twitter, for example, could use tokens to reward helpful tweets and comments. Reddit has experimented with using tokens to authorize control of virtual property in on-site communities. Posts and comments could generate points related to up-votes or down-votes on a given topic.

Decentralized autonomous organizations (DAOs) are internet organizations owned and managed by their members. A typical DAO makes decisions through group votes within specified election periods. DAOs are flexible, functioning as networks for freelancers, charities and venture capital pools. Ownership of a DAO’s native token is typically the way to join and to participate in decision-making and governance. DAOs use smart contracts to carry out the terms of membership.

The structure of a DAO offers many unique advantages. Membership is accessible and governance is through bottom-up, majority voting. DAOs support the pooling of funds or assets by sharing risks and rewards. There’s no agent-client conflict or CEO-versus-stakeholder tension. Community governance provides a single voice. Thus, once the DAO votes a decision, there’s no distraction concerning any party acting in self-interest, rather than group interest.

The original concept of Web 3.0 was for it to be a semantic-based web in which people and computers worked closely together. Machine learning, artificial intelligence and Semantic Web concepts will continue to make computers more accessible by incorporating text, voice and other interactive capacities.

Web 3.0 will continue to grow in new areas of usage and in ease of operation for users. With a greater focus on utility, Web 3.0 will take a different direction than the big data approach of Web 2.0. With Web 3, large tech companies may modify their products to incorporate user freedom.

Decentralization, permissionless access and greater connectivity will expand Web 3.0 far beyond the current web system. User access and control will increase because people will need fewer interactions with major platforms. Users will gain greater control over their data and the benefits generated by its use or sale.

The potential traps and pitfalls are also significant. Government regulation will be more difficult in a decentralized web structure. Problems like misinformation, disinformation and hate speech may be harder to police and prevent without centralized platforms. Business models will change to incorporate features with greater decentralization than in Web 2.0.

A decentralized web will present difficult relationships with governments — as activities will cross physical boundaries between nations. Disputes that may arise can involve the laws of more than one nation

Charting the story of web development from 1.0 to 3.0, the consistent thread is greater integration of computers into our businesses, social interactions and everyday lives. Web 3.0 promises to put people and machines into a close and harmonious relationship of tasks, communications and dependence.

Thus far, people interact with the web by defining their needs and wishes, while computers learn to understand and execute commands. The next step could be immersive environments in which computers share in the process of creation, help decide the best course, and carry out extensive and complex sets of actions.

Beginner

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Explained: What Is Web 3.0?

Web 3.0 focuses on decentralization driven by the concept of peer-to-peer internet solutions that let users have the freedom to control the data. Learn how Web 3.0 is different from its predecessors.

 reached $3 trillion in 2021 and has plenty of room for more growth. After the 

 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?

 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 

 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.

 is an open-source, scalable network of blockchains. Its specialized blockchains are built with the 

 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. 

 predicts that KSM will reach $4,581.970 by 2026.

Theta is a video streaming platform that rewards users for sharing their extra bandwidth and computing resources. 

, 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.

 (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.

 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 

s, 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 

, 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.

If you want to support the decentralized internet, SC is a Web 3.0 coin you’ll be interested in. 

 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.

 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 

. 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. 

, FLUX is priced at $1.46 with a $327 million market cap.

 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. 

 of $0.5775 and a market cap of $354 million.

This platform is designed for powering global financial systems. 

 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 

 (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. 

 $5.21, and Kadena’s market cap is $870 million.

. 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. 

 priced at $0.8232, with a market cap over $424.5 million.

 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. 

 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.

 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, 

 just over $0.13 with a market cap of $68.5 million, making it a great opportunity to get in early.

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 

. You can deposit USDT into your account to trade spot pairs for the token. 

 if you first want to purchase USDT using your debit or credit card or via Bybit P2P. 

In the search box on the Spot Account page, type the name of the token you want to purchase. Click on 