Don’t miss out on these web 3.0 crypto opportunities

Don’t miss out on these web 3.0 crypto opportunities

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Chris
Chris

An editor at Coincrop


24 Mar 2022 | 9 min read
34,940 views

W

eb3 is a concept for a new iteration of the World Wide Web based on blockchain technology – it incorporates concepts such as decentralization and token-based economics.

In this guide:

Disclaimer: All of the information written on Coin Crop is without influence and based on our analysis. No guarantee is offered concerning the accuracy of this information and therefore, any individual following up on it does as such completely at their own risk. Rates are correct at time of publication.

What is web 3.0?

Web 3.0 Cryptocurrency is the name that a number of technologists have given to a new type of Internet service that is built using decentralized Blockchain. 

The aim of Web 3.0 is to change the current Internet into a freer environment away from the Corporates that hold it now, web3.0, has defined it as “the internet owned by the builders and users, orchestrated with tokens.”

Web 3.0 aims to transform the internet we currently know by vanquishing the traditional gate keeper and replacing them with the free digital economy. The includes “play to earn” video games that are reward with crypto tokens, decentralized social media, NFT platforms, digital culture.   

Is this just a rebranding?

Sceptic could easily say they aim is to discard the Internet 2.0 image of being a corporate run animal by the likes of Google, Facebook, Apple etc but it is being replaced with a pay-to-play internet, which is not free but with further shackles where every activity or social interaction will become a financial transaction?

People are afraid of missing the next big thing, and in recent times the Internet was the Dotcom boom, now its Crypto Currencies, so the merger of the 2 must be the next big thing?

Web 3.0 is the manifestation of all the energy and capital pouring in the crypto world, in 2021 alone $20+ Billion has been invested in crypto related projects from Venture capital firms. With a great percentage of this investment being specifically ear marked to Web3.0, further to this Global tech firms like Twitter are experiment with the own Web 3.0 projects.

How will it work?

To most just like it does now, however with 3.0, a user with have complete ownership any information given, NO Corporate can access or verify its accuracy without the user’s permission and a single profile will work across any platform.  

Will it be secure?

With this being the 3rd version of the Internet, it will be undoubtedly secure, as it is built on the Blockchain, with it being open and decentralised leading to it being more secure than any of the previous web version.

Will it be intelligent?

Without a doubt this will be the best version and with the most intelligence built into it and is thought to have the following characteristics:

Semantic Web – Web 3.0 this goes beyond focusing on keywords and numeric values, it understands content like photo, video, or audio and more complex associations between products, locations, and specific behaviours.

Artificial Intelligence – Artificial intelligence (AI) software is able to decrypt natural language and understand intention, it’s an evolution of and can also recognize real from fake and provide more reliable data.

3D Graphics – It should integrate the use of 3D graphics and VR technologies which is really exciting as it should provide results for real-life places and objects of interest.

Connectivity – Within web 3.0, information is more connected through semantic metadata, leveraging all the available information.

The following assets are generally associated with being web 3.0 technologies.

Chainlink is a decentralized blockchain oracle network built on Ethereum.[3][4] The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.

At the time of writing, Chainlink is trading at $LINK - $17.89

Holders of this asset can generate returns by lending their asset to the following organisations:

OrganizationTermsRatingAPY Rate
SushiSwap

Yield Farming

Flexible

111%

Lixir

Yield Farming

Flexible

72.5%

Elk Finance

Yield Farming

Flexible

57.3%

Bancor

Yield Farming

Flexible

55.1%

MDEX

Yield Farming

Flexible

52.2%

Filecoin

Filecoin is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method.

At the time of writing, Filecoin is trading at $FIL - $26.21

Holders of this asset can generate returns by lending their asset to the following organisations:

OrganizationTermsRatingAPY Rate
BabySwap

Yield Farming

Flexible

26.6%

BabySwap

Yield Farming

Flexible

24.3%

ApeSwap

Yield Farming

Flexible

23.8%

MDEX

Yield Farming

Flexible

23.1%

Biswap

Yield Farming

Flexible

21.9%

The Graph

The Graph is a decentralized and open-sourced indexing protocol for blockchain data. Developers can build and publish different APIs, which are referred to as subgraphs, and perform queries through the GraphQL.

At the time of writing, The Graph is trading at $GRT - $0.4946

Holders of this asset can generate returns by lending their asset to the following organisations:

OrganizationTermsRatingAPY Rate
Chorus One

Staking

Flexible

73.4%

SushiSwap

Yield Farming

Flexible

31.8%

Staked

Staking

Flexible

15.1%

Beefy Finance

Yield Farming

Flexible

14.0%

P2P Validator

Staking

Flexible

11.0%

Polkadot

Polkadot is an open source, blockchain platform and cryptocurrency that allows for distributed computing. The network uses a proof of stake consensus algorithm. 

Holders of this asset can generate returns by lending their asset to the following organisations:

At the time of writing, Polkadot is trading at $DOT - $22.87

OrganizationTermsRatingAPY Rate
CafeSwap

Yield Farming

Flexible

135%

PandaYield

Yield Farming

Flexible

121%

PandaYield

Yield Farming

Flexible

119%

Kebab Finance

Yield Farming

Flexible

40.8%

Value DeFi

Yield Farming

Flexible

38.2%

Livepeer

LivepeerAn Open Platform For Decentralized Live Video Broadcasting.

At the time of writing, Livepeer is trading at $LPT - $31.45

Holders of this asset can generate returns by lending their asset to the following organisations:

OrganizationTermsRatingAPY Rate
OKEx

Saving

Fixed (5 days)

250%

Staked

Staking

Flexible

31.7%

CoinDCX

Saving

Fixed (7 days)

18.0%

MyContainer

Staking

Flexible

18.0%

OKEx

Staking

Fixed (15 days)

14.3%

Summary

Smarter, faster, your information is your information, less corporate control, it’s a positive leap forward, but it is an evolution and a step in the right direction.


Chris

Chris

An editor at Coincrop
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