What is Web 3.0? Which Cryptocurrencies are in the Web 3.0 Category?
Recently, many people have heard this term so much that they wonder what is Web 3.0, so they frequently search the internet. Because Web 3.0, which is suddenly included in our lives with the metaverse, is described as the advanced level of today’s internet world.
In this article, we will examine what is Web 3.0 in all its details.
What is Web 3.0?
Web 3.0, also known as Web3, is the name given to the version of the internet that is not connected to any central system and is based on blockchains.
Asked with the question of what is Web3, Web 3.0 entered our lives a short time ago, and of course, many people wondered if there were previous versions of Web 1.0 and Web 2.0. It actually existed, but thanks to Web 3.0, they were also aware of its previous versions.
Known as the oldest and primitive period of the Internet, Web 1.0 or Web1 era, in other words, is a period in which people can only observe the Internet but cannot create their own content.
Web 2.0 (Web2), which is the second generation internet era, is a period where people can not only observe the internet but also publish their own content thanks to platforms such as social media platforms, forums, blogs, and Wikipedia.
Now you can ask the following question; Web 2.0 seems to be enough already, do you need Web 3.0? There is definitely!
The Web 2.0 era actually seems like enough, but in this era, all content is not directly from the manufacturer itself, but applications, companies, etc. through intermediaries such as Therefore, since it is a centralized system, the managers of this center partner with both your data and your payments.
We can give an example as follows; A singer has released a new song and announced it and you want to buy it to listen to this song. You can obtain that song by making the payment not directly to the person who produced that song, but either to the music producer company or to intermediary institutions such as Spotify.
Another example; You are constantly creating content on social media platforms and all this appears to you for free. However, in return for using this social media platform, you share your personal information and interests with the management of the platform. The return of this happens with advertisements that appear directly or interest you when you talk about a topic or search. In other words, thanks to your data, these social media platforms turn into advertisement places and earn income from advertisers.
What Does Web 3.0 Do?
With Web 3.0, all the situations we described above will completely disappear!
Now, instead of creating a profile, using an e-mail address or phone number, you will be able to use the platform you want by connecting your anonymous crypto wallets.
All Apps will now become DApps, decentralized applications.
Perhaps the best thing about Web 3.0 is that it will eliminate middlemen altogether. In other words, if you want to buy a content thanks to Web3, you will no longer have to pay the intermediaries by making the payment directly to the producer.
Another feature that is expected to be gained with Web 3.0 is the algorithm structure for searches. To explain in more detail, when you search for something on the internet under current conditions, you may come across thousands or even millions of results. Many of these results may be irrelevant to what you are looking for or may be completely focused on attracting attention.
Web3 algorithms will be able to distinguish between the producer and the consumer, and to bring the producer and the consumer together without any cookies or data. In this way, it is aimed to completely eliminate data pollution.
What Are The Crypto Currencies With Web 3.0 Project?
Investors who want to invest in Web 3.0 technology early feel the need to research projects developed with Web3 focus. Because if you cannot enter the Web 3.0 world with a project, the most logical way to invest in Web3 is to focus on Web 3.0 projects and invest in them.
Since Web 3.0 projects are also blockchain-based, each has a cryptocurrency. We have compiled the most prominent of these projects for you.
Theta Network (THETA)
The THETA Coin, which falls under the group called Web 3.0 Coins, is the native token unit of Theta Network.
Theta Network and its blockchain aim to stream video under P2P. Founded by Mitch Liu and Jieyi Long in 2018, the Theta network also offers surprise rewards to its viewers. THETA Coin, which is considered to have the potential to benefit the market in the long run, cannot be mined and all transaction fees in the network can be paid with THETA Coin.
You can click here to buy Theta Network (THETA) Coin on Binance, the world’s largest cryptocurrency exchange.
HNT, which is among the Web 3.0 Coins, is considered one of the most creative ideas in today’s world.
The Helium network supports people’s LoRaWAN connection and allows them to earn money in this context. Also, unlike most networks in today’s world that offer services and support LoRaWAN connectivity, Helium is decentralized.
You can click here to buy Helium (HNT) Coin on Binance, the world’s largest cryptocurrency exchange.
Covered by Web 3.0 cryptocurrencies, SC Coin is the native token of the Sia platform.
The Sia platform creates an opportunity for internet users to rent unused areas from the storage areas on their personal computers. SC Coin is also traded as a means of payment and exchange within the scope of this facility. The main purpose of the Sia platform, within the scope of the factors mentioned, is to become the main storage area of the Internet.
You can click here to buy SiaCoin (SC) Coin on Binance Exchange.
AUDIO Token, available in the market under Web 3.0, is known as the native cryptocurrency of the Audius platform.
The Audius platform is a music streaming protocol that directly facilitates transactions between listeners and creators while offering monetization to listeners and creators alike.
You can click here to buy Audius (AUDIO) Token on Gate.io Exchange.
BitTorrent, the platform of BTT Token, one of the oldest projects among Web 3.0 cryptocurrencies, has been operating since 2001.
In 2018, BitTorrent was purchased by the blockchain platform TRON and shaped its services within the context of today’s conditions. After the purchase, BTT Token was added to the platform along with various features. In this context, BTT was launched on TRON’s local network within the scope of the TRC-10 standard.
Currently, BitTorrent is described as the largest decentralized P2P communication protocol in the world.
You can click here to buy BitTorrent (BTT) Token on Gate.io Exchange.
The Graph (GRT)
GRT Token, which is also described as Web 3.0 and metaverse cryptocurrencies, is the native cryptocurrency of The Graph protocol.
The general purpose of The Graph protocol is to perform indexing as part of the query process within blockchain networks. In addition, the most unique feature of The Graph protocol is the ability for developers to build their own applications on the blockchain. Within the scope of The Graph protocol, desired query operations can be performed within the blockchain networks.
You can click here to buy The Graph (GRT) Token on Binance, the world’s largest cryptocurrency exchange.
Covered by both Web 3.0 and metaverse, MANA Token is the native cryptocurrency of the Decentraland platform. Actually, there are two token units within the platform and they are as follows:
- MANA Token
- LAND Token
With the MANA Token, various NFT objects can be purchased on the Decentraland market. The LAND Token, on the other hand, is a non-exchangeable ERC-721 token unit and can only be purchased within the Decentraland platform.
If you want to buy Decentraland (MANA) Tokens on Binance now, you can click here.
ENJ Coin ranks last among Web 3.0 projects. Although we rank last, ENJ Coin is one of the rare projects that successfully reflects the vision of its system and guarantees long-term sustainability.
With Enjin Coin, it is possible to purchase in-game inventory over the blockchain system. Therefore, with this ENJ Coin, players can own the inventory they buy in-game. In addition, inventory can be purchased with Enjin (ENJ) Coin, and Enjin Coin can be earned as a reward within the scope of the game by successfully completing various tasks.
If you want to buy Enjin Coins on Binance right away, you can click here.