What is web 3.0 website & Evolution of web 3.0 crypto

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗪𝗲𝗯 𝟯.𝟬 crypto evolution ? 

𝗪𝗲𝗯 𝟭.𝟬 was the first generation of the World Wide Web from the early 1990 to around 2004. During this stage, most websites were static. These websites were created by businesses and consumed by users like you and me. 

𝗪𝗲𝗯 𝟮.𝟬 is the current second generation of the World Wide Web. A large amount of content is user-generated e.g. social media content, blogs, vlogs, etc. Most of this data is controlled and monetised by large companies like Google, and Meta (Facebook). 

𝗪𝗲𝗯 𝟯.𝟬 is the latest generation of the World Wide Web and its focus is on decentralisation. Web 3.0 applications and services would increasingly be powered by blockchains, crypto-assets (fungible and non-fungible), artificial intelligence, and metaverses. Web 3.0 is expected to provide personalised content and also enable people to control their own data.

TOP 10 WEB 3.0 CRYPTOCURRENCIES FOR NEW INVESTORS IN 2022

According to me, the most important Web 3.0 Cryptos for 2022 are: 

1-Arweave (AR)

2-Audius (AUDIO)

3-Basic Attention Token (BAT)

4-Bittorent (BTT)

5-Filecoin (FIL)

6-The Graph (GRT)

7-Helium (HNT)

8-Chainlink (LINK)

9-Livepeer (LPT)

10-Siacoin (SC)

11-Theta (THETA)

𝗔𝗿𝘄𝗲𝗮𝘃𝗲 (𝗔𝗥):  Arweave is "a collectively owned hard drive that never forgets." It allows the permanent storage of data with a single upfront fee. 

Arweave is a decentralised storage network for the indefinite storage of data. At its core is "permaweb" — a "permanent, decentralised web with applications and platforms like UI hosting, database writes & queries, and smart contracts. 

Miners are paid in Arweave's native cryptocurrency, AR, to indefinitely store information.

𝗔𝘂𝗱𝗶𝘂𝘀 (𝗔𝗨𝗗𝗜𝗢):  Audius is a decentralised music streaming protocol that aims to give "everyone the freedom to distribute, monetise, and stream any audio content." 

$AUDIO is the native token that enables network security, exclusive feature access, and community-owned governance. 

$AUDIO can be staked to run discovery or content nodes. Artists can also stake $AUDIO to unlock artist tokens and badges, and to "receive voting power from fans who want to share in their success."

Basic Attention Token (BAT): Basic Attention Token (BAT) is the native token of a blockchain-based digital advertising platform that aims to: 

Fairly reward users for their attention

Provide advertisers with better returns on their ad spending

This platform revolves around the Brave Browser. Advertisers pay for campaigns in BAT, 70 percent of which is distributed to users for watching privacy-preserving ads.

𝗕𝗮𝘀𝗶𝗰 𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗧𝗼𝗸𝗲𝗻 (𝗕𝗔𝗧): Basic Attention Token (BAT) is the native token of a blockchain-based digital advertising platform that aims to: 

Fairly reward users for their attention

Provide advertisers with better returns on their ad spending

This platform revolves around the Brave Browser. Advertisers pay for campaigns in BAT, 70 percent of which is distributed to users for watching privacy-preserving ads.

𝗕𝗶𝘁𝘁𝗼𝗿𝗲𝗻𝘁 (𝗕𝗧𝗧):  BitTorrent is a popular peer-to-peer (P2P) file-sharing protocol launched in 2001. 

BitTorrent was purchased by the TRON blockchain in 2018. In 2019, the BitTorrent Token (BTT) was launched on the Tron blockchain as a TRC-10 token. 

The focus of the project is to create a token-based economy around networking, bandwidth, and storage resources on the BitTorrent network. 

BitTorrent File System is a decentralised file storage system supported by user nodes.

𝗙𝗶𝗹𝗲𝗰𝗼𝗶𝗻 (𝗙𝗜𝗟):  Filecoin is the Airbnb for data. 

It is a decentralised data storage network where excess storage can be bought and sold. It is also the incentive & security layer for InterPlanetary File System (IPFS). In simple words, it is a marketplace for unused storage - in consumer hardware and data centers. 

In the conventional world, cloud service providers like Amazon Web Services (AWS) and Microsoft Azure provide centralised servers and IP addresses for user data. In the blockchain world, Filecoin uses hash-addressed content structures to reduce redundancy and increase efficiency. 

Filecoin is integrated with Ethereum. This enables developers to access Ethereum blockchain data and interact with Ethereum smart contracts. 

Filecoin (FIL) is the native crypto of the Filecoin network. It can be used to pay miners to store/distribute data and to retrieve information. Storage providers guarantee a minimum service level by providing FIL as collateral.

𝗧𝗵𝗲 𝗚𝗿𝗮𝗽𝗵 (𝗚𝗥𝗧): The Graph is a decentralised protocol for indexing and querying data from blockchains. Developers can build and publish open APIs (subgraphs) that make data easily accessible. 

The Graph is currently used by many projects including Uniswap, Synthetix, and Decentraland. 

GRT is a token that is locked up by protocol participants to provide services to the network.

𝗛𝗲𝗹𝗶𝘂𝗺 (𝗛𝗡𝗧): The Helium network is a decentralised wireless network. It enables Internet of Things (IoT) devices to wirelessly connect to the Internet and geolocate themselves without satellite location hardware or cellular plans. 

The network is powered by a blockchain whose native token is HNT. This token incentivises a two-sided marketplace between coverage providers and consumers. 

Hotspots are a combination of a wireless gateway and a miner and provide network coverage over a certain radius. Hotspots also mine HNT. Helium runs on the proof-of-coverage consensus algorithm.

𝗖𝗵𝗮𝗶𝗻𝗹𝗶𝗻𝗸 (𝗟𝗜𝗡𝗞):  How can a smart contract get data from the outside world? That's the problem that Oracles solve. They act as middleware between smart contracts and external sources of data. 

Chainlink is a decentralised network of independent oracle node operators. It provides: 

Price feeds of financial market data

Verifiable randomness that is needed for on-chain gaming

Proof of reserve for asset-backed cryptos such as stablecoins

Chainlink is not a blockchain. 

Each Chainlink oracle network comprises multiple independent oracle nodes. These nodes fetch data from multiple independent data providers. This data is then aggregated into a single data point and delivered "on-chain" for consumption by smart contracts. 

LINK is the crypto token that is used for paying Chainlink node operators for providing oracle services.

𝗟𝗶𝘃𝗲𝗽𝗲𝗲𝗿 (𝗟𝗣𝗧): Livepeer is a decentralised video streaming network built on Ethereum. Its native token is LPT. Developers can build and scale streaming platforms and services through API access to the Livepeer network. 

Token holders help improve and secure the Livepeer network by acquiring and staking LPT and earning ETH and LPT rewards. Video Miners run Livepeer nodes and transcode video on their GPUs. In exchange, they get ETH and LPT as rewards.

𝗦𝗶𝗮𝗰𝗼𝗶𝗻 (𝗦𝗖): Sia is a decentralised cloud storage platform and a data storage marketplace. 

It encrypts and distributes files across a decentralised network. Users control their private encryption keys and own their data. This is unlike traditional cloud storage providers. 

Sia's storage can cost up to 90 percent less than leading traditional cloud storage providers. These charges are paid using the native token Siacoin (SC).

𝗧𝗵𝗲𝘁𝗮 (𝗧𝗛𝗘𝗧𝗔):  Theta is like Airbnb for video streaming - viewers earn rewards for sharing excess bandwidth and computing resources. 

Theta's benefits are: 

Users earn rewards for sharing excess bandwidth & computing resources

Viewers get better quality streaming services

Content creators improve their earnings

Video platforms don't have to build expensive infrastructure

Video platforms can increase revenues

Theta also has smart contract capability for fully digitised item ownership, payment-consumption models, transparent royalty distributions, etc. Theta Enterprise Validators include Google, Binance, Sony Europe, and Samsung. 

The Theta blockchain has two native tokens: 

Theta (THETA) for governance

Theta Fuel (TFUEL) for powering transactions