CryptoCrypto Investing

WEB 3.0 Metaverse: Is It Worth to Pick Up Crypto Projects?

4 Mins read

In this era of technology, we live in the time of WEB 3.0, the mechanism behind the blockchain network. Last year, cryptocurrencies were the world’s great attention, and NFT platforms, tokens, or marketplace started rapidly receiving new users. The main reason behind this explosive growth is users have opportunities to make money by creating or investing in NFT tokens. So many made fortunes through NFT coins of the WEB 3.0.

However, it is a new concept in the financial world. It requires an acceptable level of understanding, skills, and specific guidelines to earn real money from crypto projects or NFT tokens. This article will list the top five WEB 3.0 Metaverse coins besides explaining the worthiness of picking up crypto projects.

What is WEB 3.0?

From early 1990 to 2004, it was the time of the first generation of the World Wide Web (WEB 1.0). During that period, most websites were static. Creators were businesses, and consumers were users like you and me.

Then comes the second generation or current generation large amount of user-generated content, including blogs, social media content, vlogs, etc. Meanwhile, large companies like Meta (Facebook), Google, etc., monetize and control most data.

The latest generation of the World Wide Web is WEB 3.0. It focuses on decentralization and is considerably powered by Metaverse, artificial intelligence, crypto assets, and blockchains

Is it worth to pick up crypto projects?

It is challenging to pick up the right crypto asset while nearly 1600+ digital assets are circulating in the crypto industry. However, there are many opportunities to obtain real cash from crypto projects. If you are a developer, gamer, or content creator, you can make money by creating NFT tokens and exchanging them with fiat currencies. 

Otherwise, you can make money by trading, staking, or investing in these tokens by checking potentiality and utilizing opportunities. So, yes, it is worthy of picking up the right crypto projects, depending on your capabilities and skills. 

The following section will list the top five WEB 3.0 Metaverse coins.

Arweave (AR)

The native token of the Arweave is AR; the Arweave network pays miners to network’s information storage indefinitely by this token.

AR price chart
AR price chart

The price of AR is floating near $31.85 after making a top near $86.28 in Nov 2021. The price has been declining since the beginning of 2022 from a peak near $66.06.

Where to buy AR?

Many top cryptocurrency exchanges allow trading AR. You can purchase this token on Mandala Exchange, Binance, FTX, Huobi Global, and OKX.

What are the perspectives of the Arweave project?

The announcement year of this decentralized storage network is 2017, which seeks to offer users a platform for indefinite storage of data. 

Audius (AUDIO)

The Audius is a decentralized music streaming protocol built on the POA network initially. It is now living on Solana and the founding period of Audius is 2018.

AUDIO price chart
AUDIO price chart

The price of AUDIO is floating near $0.88 today, making a peak near $4.04 in Mar 2021. 

Where to buy AUDIO?

The AUDIO token is currently available on many major crypto exchange platforms, including KuCoin, Binance, Bybit, FTX, and Mandala Exchange.

What are the perspectives of the Audius project?

This platform, Audius, aims to align the interests of node operators, fans, and artists. Where artists can upload, store, and distribute by contents and discovering nodes; meanwhile, fans can listen to those songs for free of cost.

Basic Attention Token (BAT)

The Basic attention token (BAT) is a reward unit in the advertising blockchain-based ecosystem. Exchange of this token occurs between advertisers, users, and publishers. 

BAT price chart
BAT price chart

BAT price is $0.86 with a 20-H trading volume of $156,303,893, after making a peak near $1.76 in the last week of Nov 2021.

Where to buy BAT?

The native token of Basic Attention Token is BAT, which is currently available on many major exchanges, including Mandala Exchange, Binance, FTX, Bitget, and OKX.

What are the perspectives of the Basic Attention Token project?

The designing purpose of this platform is to reward users fairly for their attention. Meanwhile, advertisers can also get a better return on their ad spending. Two founders of this platform are Brian Bondy and Brendan Eich.

Filecoin (FIL)

The first describing period of this project, Filecoin, is 2014. It is a peer-to-peer storage network described as an incentive layer for the Interplanetary File System (IPFS). 

FIL price chart
FIL price chart

The price of FIL is floating near $19.61 today with a 24-H trading volume of $357,890,269. It made a peak near $113.6 in May 2021.

Where to buy FIL?

The native token of this platform, FIL, is currently available on many major crypto exchange platforms such as CoinTiger,  Binance, Mandala Exchange, Bitget, and OKX.

What are the perspectives of the Filecoin project?

The founder of Filecoin is Juan Benet. This decentralized blockchain storage system aims to “store humanity’s most important information.” 

The Graph (GRT)

It is an indexing protocol for querying data for networks like IPFS and Ethereum. Meanwhile, it powers many applications in the broader Web3 ecosystem and DeFi. 

GRT price chart
GRT price chart

GRT price is floating near $0.42 today with a 24-H trading volume of $79,517,608. It made a peak near $2.34 in Feb 2021. 

Where to buy GRT?

The native token GRT is available on many major crypto exchanges, including Kraken, Binance, Coinmama, CoinTiger, and Bitget.

What are the perspectives of the Graph project?

It is a querying and indexing protocol that indexes blockchain data from networks like Filecoin and Ethereum, just like Google indexes from the web. 

Pros and cons

Pros Cons
More specific information will be available in WEB 3.0.Reputation management and privacy policy will be two major factors in WEB 3.0.
It will provide more relevant search results.It enables using user data and search results for marketing.
It will make it difficult to fool people and operate online with a fake identity.People that aren’t active in WEB 3.0 don’t exist.

Final thought

The WEB 3.0 protocol provides the foundation for individual users to buy, sell or create goods such as NFT. These coins with the WEB 3.0 platform are recommendable as the virtual world concept is becoming more popular, and the hype goes on. So these tokens offer limitless potential for the shape of the future internet. Note that these are risky investments as other crypto assets.

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