The world isn’t a free space, but web 3.0 makes it one.
What Is Web 3.0, and How Did We Get Here?
Web 3.0 is the third generation of the internet, an upgrade to the existing web. When the internet was first launched in the 1990s, it had limited functionality. Being on the internet at that time meant knowing to write HTML code. All websites were static and HTML based. For an everyday person, it was just a place to read information; hence web 1.0 is often called the read-only web.
Then came along companies that expanded the adoption of the internet. Think of social media and the likes of Facebook and Twitter, for instance. Instead of writing extensive HTML codes to have your profile online, these companies made it possible for a wider audience to be a part of the internet with just an internet connection and mobile phone. A regular person can now read + write on the internet.
However, it is argued that in web 2.0, a few tech giants control the internet. For instance, Starting with Facebook, Meta now owns a suite of social media platforms. Because of this, they enjoy a data monopoly and can leverage it to their benefit. To free the users of the tech giant’s control, web 3.0 came into existence. It aims to decentralize the currently centralized internet by giving back users control of their data. Web 3.0 = read + write +own
Why Should You Care About Web 3.0?
Evolution is inevitable. Everything evolves, and the current stage of the internet will also evolve into its better version – Web 3.0. However, the idea is still in its nascent stages. Everybody is figuring out ways to reach the end goal of this new internet – Decentralization.
So it might be a great opportunity to invest because if your investments turn out to be worthy, the upside could be huge.
How to Invest in Web 3.0? 5 Ways to Get Started
You can invest in web 3.0 in various ways –
There are various web 3.0 projects being built on the blockchain; you can think of cryptocurrencies as an asset that represents them. For instance, the Brave browser is a decentralized alternative to Chrome built on blockchain. Its native token, the cryptocurrency used within the Brave browser to buy/pay for services, is Basic Attention Token (BAT). If you think Brave browser as a decentralized alternative to Google Chrome is a strong competition, you may want to invest in the BAT cryptocurrency.
Likewise, various other decentralized projects are being built using blockchain technology, and investors may invest in them through their representing cryptocurrencies. As these projects gain traction, the value of their corresponding cryptos might also rise. Here is your guide to investing in cryptocurrencies.
2. Coin Sets
Consider this an extension of the above point.
Coin Sets are a basket of cryptocurrencies based on a particular theme. Let’s say you are confident about the rise of the Metaverse. But there are so many Metaverse projects being built. It would be tedious to research them all and decide which one to invest in. Instead, you could invest in the Metaverse Coin Set curated by Mudrex. This Coin Set would include the top cryptos representing Metaverse projects.
Coin Sets also help with diversification and risk management because instead of investing in one cryptocurrency, you have invested in multiple cryptocurrencies.
NFT stands for Non Fungible Tokens. As the name suggests, these are non-fungible (or not replicable) tokens or digital assets. The concept was originally considered to tokenize digital art on the blockchain. Artists were initially releasing their exclusive graphics as NFTs. It soon spread to other art forms like music albums, videos, etc.
However, the definition and scope of NFTs have expanded over time. For example, a web 3.0 gaming project is launching a multiplayer cricket game online. But to play the game, you need to form a team of players, and these players are sold as NFTs. All players are different/unique and have special skill sets. As you play the game, these characteristics may also improve their performance. The demand and thus the value of each player increases as its score increases. So when you sell them, you can earn a handsome profit. Essentially, play and earn. How cool is that?
Eventually, web 3.0 will be filled with objects sold as NFTs. Hence, if you do your research right and invest in them smartly, you may observe massive growth.
Let’s say that you don’t want to invest in cryptos or NFTs due to their market volatility. There is still an option for you to invest in web 3.0. You can invest in stocks of the companies building the web 3.0 infrastructure. Various web 2.0 companies are contributing toward building the infrastructure for the next-gen projects.
For instance, blockchain activity and related activities require high computing power. This means that semiconductor companies like AMD may benefit from this. Similarly, Coinbase is one of the world’s biggest cryptocurrency exchanges. Both these companies are publicly listed, but since they are contributing to web 3.0, you may want to invest in it through them.
Metaverse is one of the hot topics of web 3.0. It is a virtual world where you can essentially do anything. You can walk around a neighbourhood, buy your dream home, attend a Justin Beiber concert with your friends, and much more. It combines social media and virtual reality with blockchain networks to create virtual worlds inside the internet.
There are different ways you can invest in web 3.0 by investing in the Metaverse. For instance, you can construct homes and then sell them to buyers. Or, if you don’t know how to design, you can buy a commercial building (like a shopping mall) in a Metaverse and rent it out to brands to showcase their products and virtual open stores. Yes, it is true. Brands are leaping to open their stores and advertise in the Metaverse.
Think of all the ways you can earn in real life and do it on the Metaverse—no wonder why Facebook and Microsoft are building their Metaverses.
We are at a very interesting point in the transformation toward web 3.0. Many investors and tech enthusiasts have gauged the potential in web 3.0 and are working towards it. Just like the investors who bet on the internet and its developers during the web 2.0 revolution, this might be a similar opportunity. However, always DYOR before investing anywhere.
Where to invest in web 3.0?
There are many ways to invest in web 3.0. You can buy cryptocurrencies and NFTs for one. However, to save yourself the trouble of choosing specific coins, you can invest in web 3.0 via the Web 3.0 Coin Set by Mudrex.
How to invest in web 3.0 companies?
There are many ways to invest in web 3.0. You can buy cryptocurrencies and NFTs for one. However, to save yourself the trouble of choosing specific coins, you can invest in web 3.0 via Mudrex Coin Sets.
What is web 3.0 crypto?
All cryptocurrencies are web 3.0 crypto as they all support decentralization and fundamentals of web 3.0. Some notable web 3.0 projects include PolkaDot, FileCoin, Solana, etc. Tokens associated with web 3.0 projects can be termed as web 3.0 crypto.