In this article, we will be taking a look at what Web 3.0 aims to achieve and its many different niches, as well as the top tokens and coins that are actively working on a decentralized version of the Internet.
What is Web 3.0?
The term refers to a multitude of subdomains that are trying to disrupt the current state of the Internet and help small businesses and creators compete against tech giants. This is particularly relevant in a world where most of the Internet is controlled by a few giant corporations. It aims to create a peer-to-peer experience, through which people will no longer rely on massive platforms such as Meta (Facebook), Google, Youtube or even Tik-Tok. Because it is peer-to-peer, people will be able to interact and support creators directly, without the need to rely on ad revenue and specific terms imposed by the tech giants.
Building a decentralized version of the Internet is a bold move, but the sentiment is definitely positive. People are starting to care about their privacy more and more, and they are becoming increasingly annoyed by aggressive marketing slowly turning them into mindless consumers. This is why the project itself has a lot of utility in the current context.
Furthermore, it will aid the development of the so-called “Metaverse” in a decentralized fashion. Currently, there are two main ways in which the Metaverse is expanding: one centralized, led by Meta Platforms and other big tech names, and a decentralized version, where developers build all kinds of dapps (decentralized applications) such as virtual land, play-to-earn games, and artificial reality experience.
Web 3.0 niches
We will be covering three main topics that are part of web 3.0: decentralized search engines, decentralized content creation/streaming platforms and DeFi, or decentralized finance.
When it comes to search engines, a combination that almost every cryptonaut uses is Brave + Presearch browsers. The two best content creation platforms are Theta and Livepeer, and the best DeFi players are Ethereum (still the biggest), Terra (great for stablecoins), Avax (fastest chain), and Cosmos (great interoperability).
- Brave Browser — BAT Token