Top 11 Web3.0 Crypto For 2022- Amazing Guide

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Web 3.0 is Internet’s latest version, where 3.0 applications and services would increasingly be powered by blockchains, crypto-assets, and metaverses.

The year 2021 proved to be a significant one for the Top 11 web3.0 crypto for 2022 overall. The global web3 crypto market capitalization rose to $3 trillion (roughly Rs. 2,15,66,720 crore), the highest it has even been so far, in October 2021. Along with just the coins, other crypto elements like non-fungible tokens (NFTs), the metaverse, as well as Web 3.0 also significantly took off in terms of visibility and adoption. As we step into 2022, this series will help you with a deeper understanding of the broadening web3 crypto space and its elements.

The Top 11 Web3.0 Crypto For 2022

According to me, the most important Web 3.0 Crypto for 2022 are:

  1. Arweave (AR)
  2. Audius (AUDIO)
  3. Basic Attention Token (BAT)
  4. Bittorent (BTT)
  5. Filecoin (FIL)
  6. The Graph (GRT)
  7. Helium (HNT)
  8. Chainlink (LINK)
  9. Livepeer (LPT)
  10. Siacoin (SC)
  11. Theta (THETA)

Arweave (AR)

Arweave describes itself as “a jointly owned hard drive that never forgets.” It enables permanent data storage for a single upfront charge.

Top 11 Web3.0 Crypto For 2022: Arweave (AR)

Arweave is a decentralized storage network that allows for indefinite data storage. The “permaweb” — a “permanent, decentralized web with applications and platforms such as UI hosting, database writes & queries, and smart contracts” — is at its heart.

Miners are compensated in Arweave’s native money, AR, for storing data eternally.

Audius (AUDIO)

Audius is a music streaming protocol that seeks to provide “everyone with the freedom to share, market, and broadcast any audio material.”

Audius (AUDIO)

$AUDIO is the leading native token for network security, unique feature access, and community-owned governance.

$AUDIO can be used to fund the operation of discovery or content nodes. Artists may also stake $AUDIO to get access to artist tokens and badges, as well as “vote power from fans who want to share in their success.”

Basic Attention Token (BAT)

Basic Attention Token (BAT) is the native token of a blockchain-based digital advertising network.

  • Users should be well compensated for their time.
  • Improve the return on ad investment for advertisers

The Brave Browser is key to this platform. Advertisers pay for campaigns in BAT, 70% of which is transferred to consumers in exchange for seeing privacy-preserving advertising.

Bittorent (BTT)

BitTorrent is a popular peer-to-peer (P2P) file-sharing technology that was first introduced in 2001.

In 2018, the TRON blockchain bought BitTorrent. The BitTorrent Token (BTT) was created as a TRC-10 token on the Tron platform in 2019.

Bittorent (BTT)

The project’s goal is to develop a token-based economy centred on networking, bandwidth, and storage resources on the BitTorrent network.

BitTorrent File System is a user-supported decentralised file storage system.

Filecoin (FIL)

Filecoin is the Top Airbnb for web3 crypto.

It is a decentralised data storage network in which surplus storage may be purchased and traded. It also serves as an incentive and security layer for the InterPlanetary File System (IPFS). In a nutshell, it’s a marketplace for underutilised storage – both in consumer gear and in data centres.

Cloud service providers such as Amazon Web Services (AWS) and Microsoft Azure provide centralised servers and IP addresses for user data in the traditional world. Filecoin employs hash-addressed content structures on the blockchain to eliminate redundancy and boost efficiency.

Filecoin is linked to Ethereum. This allows developers to access Ethereum blockchain data and interact with web3 crypto Ethereum smart contracts.

Filecoin (FIL) is the Filecoin network’s native cryptocurrency. It may be used to compensate miners for storing/distributing data and retrieving information. By giving FIL as collateral, storage providers ensure a minimum service level.

The Graph (GRT)

The Graph is a decentralised protocol that indexes and queries blockchain data. Developers can create and distribute open APIs (subgraphs) that make data more accessible.

The Graph (GRT)

Many projects, like Uniswap, Synthetix, and Decentraland, are presently using the Graph.

GRT is a token that protocol participants use to deliver services to the network.

Helium (HNT)

The Helium network is a wireless network that is decentralised. It enables Internet of Things (IoT) devices to connect to the Internet wirelessly and geolocate themselves without the need for satellite positioning hardware or cellular plans.

The network is powered by a blockchain, with HNT as its native cryptocurrency. This token encourages a two-way marketplace between service providers and customers.

Hotspots are a hybrid of a wireless gateway and a miner that give network coverage within a specific radius. Hotspots mine HNT as well. Helium is based on the proof-of-concept consensus method.

Chainlink (LINK)

How can a smart contract obtain information from the outside world? That is the issue that Oracles address. They serve as a bridge between smart contracts and external data sources.

https://www.youtube.com/watch?v=ZAXtAVspTHM

Chainlink is a decentralised network of oracle node operators that are self-sufficient. It includes:

  • Financial market data price feeds
  • On-chain gaming requires verifiable randomization.
  • Asset-backed cryptos, such as stablecoins, require proof of reserve.

Chainlink does not operate on a blockchain.

Each Chainlink oracle network is made up of many independent oracle nodes. These nodes obtain data from a variety of different data suppliers. This data is then collected into a single data point and sent “on-chain” for smart contracts to consume.

The web3 crypto coin LINK is used to compensate Chainlink node operators for delivering Oracle services.

Livepeer (LPT)

Livepeer is an Ethereum-based decentralised video streaming network. LPT is its native token.

Developers may use API access to the Livepeer network to develop and expand streaming platforms and services.

Token holders contribute to the improvement and security of the Livepeer network by purchasing and staking LPT and receiving ETH and LPT incentives.

Video miners use their GPUs to transcode video and operate Livepeer nodes. They are rewarded with ETH and LPT in exchange.

Siacoin (SC)

Sia is a data storage marketplace and a decentralised cloud storage platform.

It encrypts and distributes data via a distributed network. Users have control over their own encryption keys and data. This is in contrast to standard cloud storage providers.

Sia’s storage can be up to 90% less expensive than the major standard cloud storage providers. These fees are paid for with the native cryptocurrency Siacoin (SC).

Theta (THETA)

Theta is like Airbnb for video streaming – viewers earn rewards for sharing excess bandwidth and computing resources.

Theta’s benefits are:

  • There are incentives for sharing extra bandwidth and computer resources.
  • Viewers benefit from higher-quality streaming services.
  • Earnings for content creators rise.
  • Video platforms do not need to invest in costly infrastructure.
  • Revenue may be increased by using video platforms.

Theta also has smart contract capability for fully digitized item ownership, payment-consumption models, transparent royalty distributions, etc. Theta Enterprise Validators include Google, Binance, Sony Europe, and Samsung.

The Theta blockchain has two native tokens:

  • Theta (THETA) for governance
  • Theta Fuel (TFUEL) for powering transactions

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