As we all know there is hype for Web 3.0, and it is growing day by day. This is why many new projects are coming into existence to support web3.0. In this article, we are going to know the Top Web3.0 crypto projects 2023. Web 3.0 is one of the best things which is going to happen in this decade from a user point of view, there are many companies who are going to suffer from this web3.0. Currently, we are in web 2.0 where users can consume anything they want from the internet in the form of videos, music, photos, etc.
So read till the end, you will get complete knowledge about what is web3.0, what are the benefits of web3.0 and Top Web3.0 crypto projects 2023.
These are 4 Top Web3.0 crypto projects 2023
The web 3.0 blockchain technology is use for the proper function of the website and to provide privacy of users data. As Web 3.0 is developing day by day and many project are coming into existence, just to support web 3.0. The purpose of these project are to provide smooth functioning of web 3.0. In this article we will get complete details of what are the Top Web3.0 crypto projects 2023.
These smooth functioning is like providing secure storage, Foundation of web 3.0, uninterrupted browsing, Creating ownership etc. are main component of web 3.0.
As of now, all web 3.0 crypto are trading at very low price, it’s a right time to accumulate the web 3.0 crypto. Accumulate on every dip and when the trend comes in the market, these project will boom. Let’s have a look on the 4 Top Web3.0 crypto projects 2023.
Polkadot
Polkadot Is providing the base or a foundation of web 3.0,where other project uses their Technology for Smooth services. This is one of the top web 3.0 crypto projects 2023 as you all know Polkadot is an open source multi-Chain protocol that is used to connect and Secure the network of other blockchains by providing a secure transfer of data and Polkadot is also known as Google of web 3.0.
It also has the feature to interlink with many other web 3.0 projects so that they can easily communicate with each other.
Polkadot has the ability and features to connect multi-chain and provide permission-less networks Oracle and features Technology allow these blockchains to share their information and transaction without any hesitation on Polka Dot relay chain. Dot is the native token of Polkadot.
Brave browser
Brave is a web 3.0 Browser in which users can browse anything they want to browse without any interruption. As we all know, if we browse some YouTube videos on Google there might be some advertisements throughout the video which interrupt the user’s Experience.
To avoid this interruption and to provide a smooth experience this browser comes into the picture. It also tracks and blocks creep ads, whenever you visit any website. You will also get a free brave token which is called BAT, whenever you see any ads on a website, it’s up to you whether you want a free brave token or not.
Filecoin
The main purpose of the filecoin project is to provide a storage facility in web 3.0. As we all know web 3.0 is centralized, so there is a lot of data and files that need storage. To solve this problem in web 3.0 the filecoin comes into the picture.
In Web 2.0 cloud storage is used to store the data and files of the user, but it is not secure. So with the help of blockchain technology, Filecoins created this project and it also provides this feature to other blockchains as well.
Ethereum name services
Ethereum name server is best for domain registration and ranking it also provides the facility of hosting services to many users.
Many websites are using Ethereum name servers with the help of blockchain Technology. The benefit of Ethereum name servers is that you can create your own website as NFT. It also simplifies the process of sending and receiving the Cryptocurrency.
What is Web3.0?
As we know when web 1.0 come in year 1990 , at that time we treat internet as digital newspaper because people come on the internet just read the content/information from the website, and there was no other options for two way interaction with internet.
When web 2.0 comes in year 2004, in which we all using web 2.0 in which YouTube involve. In this you can search anything you want and also you can create your own content on YouTube. In this social media plays a important role in it, but in recent we come to about Web 3.0, which is soo powerful than web 2.0.
Web 3.0 is nothing but the evolution of the internet worldwide with the help of different Technology like smart contracts Technology and blockchain Technology are used just to protect user’s data. In Web 3.0 the user’s data will be more secure and the internet will become decentralized so that the power will be distributed among the different users no single big company will rule over worldwide.
Web 3.0 is evolution just to avoid such type of misuse of data which is done by big companies,
In web 3.0 not only the content creator and the platform earn but also the consumer who is consuming the content or taking information from the internet is also going to earn in Web 3.0.
If Web 3.0 completely happens then you will be the owner of your own content no one will have the authority to delete your content from the internet. If someone uses your content then you will get a royalty from it. Web 3.0 come after evolution of digital currency (cryptocurrency) and NFT, there are many crypto project working on web 3.0 evolution. In This article we will go through Top Web3.0 crypto projects 2023.
Web 3.0
- Users’ Data will more secure.
- It will be decentralized so that power will distribute with this no single big company will rule.
- Not only the content creator or the platform earn but also the users who are consuming the information/content is also going to earn.
- It will have an open source so that modification will not be in the hand of big companies; like google Microsoft, and Facebook, but the users can modify it as per their needs.
- You are the owner of your content, no one is going to delete your content you have the authority.
The important part of web 3.0 is D. O. B. ( Decentralized, Opensource, blockchain)
Decentralized- This means distributing the power so that no one is going to rule. Like cryptocurrency transaction no intermediator evolve, work on blockchain which is secure and No one can trace the transaction of cryptocurrency but it is stored in a digital ledger.
Opensource- As we all, know android is open source, users come and modify with user ease, and that is what web 3.0 will have.
Blockchain- Blockchain is very secure from the user’s point of view, in this users data will be stored in different block which is interlinked with each other and provides more security to user’s data. It is very difficult/not possible to hack.
5 benefits of Web 3.0
- Anonymous single sign-on (No need of giving users sensitive data or details whenever users create a new account or visit every website. In wave 3.0 you will have an anonymous account which means you will have a common user id and password which will be the same everywhere, whenever a website or the internet ask for your detail you will have your common user id and password with this user-sensitive data will be protected)
- Self-governing (On this website users will make decisions and also create some rules with this every user will get benefit from it.)
- Better Search (With the help of metaverse we will get as per user’s need)
- Personalized browsing experience
- Uninterrupted services (Wave 3.0 as we all know will decentralize so no one has a single power to control internet services, if some services are interrupted there are many more services are working completely fine which help user to use services uninterrupted. In today’s world, there is a browser called brave if you are using brave if you found any ads then you’ll get paid for watching these ads. It depends on you how many ads you want to see in an hour you will get paid for it. in form of its native token BAT)
5 Cons of Web 3.0
- Ownership concern (one should have ownership of the website, everyone can not be the owner)
- Regulation issues (Cybercrime will take advantage of it. and increase rapidly)
- The hardware of tech industries will be useless.
- Current business should upgrade to web 3.0 in order to be in the market.
- Easier access to personal and public data
Why is Web3.0?
Most of us are thinking of why web 3.0 is coming into existence when already have web 2.0, the answer is in this platform is making money and the creator is also getting money from this. Because the company like google and Facebook rule all over the internet, they take benefits from it. The latest report shows that Google rules nearly 87% of total searches and controls it. Facebook which is Meta reaches nearly 3.6 billion people each month.
These companies have user data of around 75% of the world’s population, these data are used for advertisement purposes. These companies are taking advantage of this because all these companies have world 80% population data they Used to sell this data and generate billions of dollars from it each month. But the thing is Privacy, which is very important from the user’s point of view no one has the right to sell the user’s data without knowing the users. This is the reason web 3.0 third generation of internet evolution is about to begin.
In the latest iPhone Apple introduce a new feature in IOS 14.5, with the help of this feature users can give permission with whom they want to share their data. one privacy feature can generate a loss of billion to Facebook which is only in iPhone.
Conclusion
Web 3.0 is an evolution of the internet and also decentralized the internet just to avoid misuse of user’s data by the big companies, who are ruling over it 87% of total searches and control over the internet. And taking benefit by selling the user’s data and making billions of dollars each month.
With the help of decentralized, open source, and blockchain Technology this web 3.0 will form.
In Web 3.0, we will have anonymous single sign-on, self-governing on the website, better options for searches, and will get personalized browsing experience without any interruption. It’s totally in our hands.
Polkadot, Brave browser, filecoin, Ethereum name server many more crypto project are working in web 3.0. For the successful Function of it, These are 4 Top Web3.0 crypto projects 2023.
