After Facebook changed its name to Meta and made a big move in the Metaverse area, Metaverse coins such as AXS, MANA, SAND had a very rapid rise. The reason for this is, of course, that the concept of Metaverse will carry technology far, and therefore it will completely enter human life. Web 3.0 works like that too.
Web 3.0 is not a concept that came out of nowhere. Previously, Web 1.0 and Web 2.0 were also in our lives. But as time passed, everything developed much more. In Web 1.0, users could only receive information on websites. In the Web 2.0 era, users could produce content on platforms such as Facebook and Youtube and share it with other users. Thus, a two-way flow of information was provided.
After these two processes, a new era will begin. The Web 3.0 era will enter our lives. Web 3.0 encompasses the use and interpretation of information not only by humans but also by machines. Web 3.0 is not a concept that came out this year. So why has it become popular lately?
Web 3.0 is an idea for a decentralized version of the Internet based on public blockchains. Here, of course, cryptocurrencies come to the fore. Metaverse coins, in particular, have become very popular as a result of great interest, and this also reminds us of the name of Web3. People are getting excited for Web3 again.
When the concept of Web 3.0 became popular, Web 3.0 cryptocurrencies were born. Some of these decentralized crypto projects are Chainlink, Filecoin, Theta Network, Helium projects.
Chainlink (LINK)
One of the biggest shortcomings of blockchain technology is the limited access to external data. Smart contracts developed to solve this problem can sometimes be insufficient. Chainlink is an Oracle project that aims to solve the external data problem in the blockchain.
Filecoin (FIL)
Filecoin essentially aims to provide a decentralized alternative to popular web service providers like Cloudflare or Amazon Web Services. The project founders claim that it can be the fastest and cheapest way to store data on the internet if it can be used by enough people. Moreover, since Filecoin is not tied to a central authority, files cannot be censored by governments or other actors.
Theta Network (THETA)
Theta is a blockchain-based network built specifically for video broadcasting. Launched in March 2019, the Theta network operates as a decentralized network where users share bandwidth and computing resources peer-to-peer (P2P). Giants such as Google, Binance, Samsung and Sony take part in the Theta network as validators.
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