How to invest in web 3.0
Web 3.0 is by far the most technical and difficult term to understand within the metaverse arrival.?
Since it is a combination of data privacy, blockchain, and new technologies most people just do not get it, especially investors who want to get early in the game.
If this is your case, this is the best guide for you.
I will take you through
- What is web 3.0 (In easy words)
- What is behind it
- How to invest in web 3.0?
- Great web 3.0 stocks you should study
So let’s get started.
In easy words, what is Web 3.0?
Although there is no clear definition, I will make it as easy as possible.?
When web 1.0, the main content was HTML pages, static content without animation, with no bots or artificial intelligence behind it.?
It was pure read-only content like CNN.com, with no social media or user-generated content like ads or similar.
Everything changed when companies like Facebook and Youtube started making content based on what you did while using their platforms.
If you searched video games on Youtube, more and more gameplays popped up on your homepage.?
If you looking for ice cream on Google, you would probably see Ads from local ice cream shops on Facebook some days later. That was really crazy in those times.
That is what we know as web 2.0.?
Do you see the big jump?
From static content to apps making recommendations based on what you do, using AI and algorithms.?
Since we are not fully into web 3.0 is way hard to define.
Web 3.0 proposes an internet where everything is decentralized, meaning there won’t be third parties accessing your personal information, apps will be open-sourced meaning everybody can access their code and help with its development, and payment processors like PayPal will be replaced by blockchain transactions, which are almost 100% anonymous.?
Let’s see another example:
From web 1.0 to web 2.0 we had new machine learning methods that learned from you and improved your experience.
In web 3.0 we probably will see an increase in VR technology among all the users because of the metaverses.
By far, that is the simplest way to define web 3.0
Now, let’s see the technology behind it:
Blockchain
Blockchain is the infrastructure of the new web.?
Is a digital public ledger whereby information can be viewed and distributed, but not edited. This level of verifiability and authentication makes it incredibly powerful, and every economic transaction will be available there.
VR/AR
Virtual reality and augmented reality will be another key component since they enable connectivity and make metaverse promises reachable since immersive experiences are easier to get with VR glasses.
Meta platforms such as Snapchat, Facebook, and Vizux will explore more in-depth how to create immersive experiences.
AI and machine learning
Decentralized apps will be a core element inside web 3.0, and some of them will be using advanced NLP algorithms to provide quicker results. But we should wait to see how DAOS implements this technology before making a financial decision.
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Now, you are ready to understand how to invest in web 3.0
Investing?
As you probably noticed, this new version of the internet is in its first steps, so if you want to invest in it, you should look at companies and technologies that support its development.?
Let’s start with web 3.0 stocks you should have under your radar.
How to invest in web 3.0 companies - Stocks
Nvidia
Nvidia has cutting-edge technology when we talk about AI, deep machine learning, and cloud computing. Its tech works for almost all industries such as gaming, financial services, and healthcare.
We can’t forget that crypto miners use Nvidia graphic cards to mine Bitcoin and ETH, so there is a high chance this company will be a huge pillar for the new internet version.
Nvidia’s stock is up 130% so far in 2021. It’s also up 1,100% over the past five years.
Coinbase
Web 3.0 is still in early development, but we agree it will be the convergence point of NTFS and crypto.
Coinbase is one of the most used crypto exchange platforms out there.
And it’s the only public-traded crypto exchange as far as I know.
Also, the company plans to launch an NFT marketplace. There is a good chance Coinbase will be a great supporter of web 3.
In 2020, Coinbase reported annual revenue of $1.27 billion. This was up 143.85% from $522.8 million in 2019. It also reported a net income of $322.32 million. This was also up 1,160.7% from a loss of $30.9 million in 2019.
Coinbase just went public in early 2021. Since then, its stock is down 22%.
Unity Software
Unity offers great software too. develop 3D video games for mobile, PC, and augmented reality devices.
This could be in the eye of experienced developers in the metaverse.
Other stocks you should check:
Apple
Block Inc.
Invest in web 3.0 tokens
Cryptocurrency is a pillar for web 3 since we will use it to remain anonymous and purchase goods and services.
Web3 plans to make crypto more accepted and an easy-to-use payment method. With that in mind, cryptocurrency could be an excellent investment choice.
Here are some tokens you should study about:
Ethereum (ETH-USD)
Polkadot (DOT-USD)
Decentraland (MANA-USD)
Helium (HNT-USD)
Chainlink (LINK-USD)
Theta (THETA-USD)
The Graph (GRT-USD)
Filecoin (FIL-USD)