What is Web 3.0 and How to Invest in It with Cryptocurrency

Today, there is no longer any doubt that the advent of the Internet gave impetus to the most important technological revolution known to mankind. The Internet has broken down geographic barriers, made information more accessible, and provided people with the means of communication that they could only dream of before. Sometimes it seems that we are back at the very beginning of the “roaring twenties” – at the dawn of a new era.

Over the past decade, famous companies and startups have been laying the foundations for the next generation of the Internet, from blockchain to artificial intelligence, thereby bringing humanity closer to the next stage in the evolution of the World Wide Web.

But Still: What Is Web 3.0 and How Did It Appear? 

In the beginning, only Web 1.0 was available. This was the first stage in the development of the Internet: web pages were static in it, and users were not able to actively interact with each other on the network. Web 1.0 was limited to reading HTML web pages. Mostly it was news or other non-interactive content.

At the end of the 20th century, a new version of the Internet began to take shape, giving people access to an interactive network. The advent of the social Internet eventually enabled the rise of corporate Web 2.0 giants such as Facebook, Twitter, and YouTube, and popularized user-generated content and interoperability across sites and applications. Then came new businesses and new business models, from social media to mobile apps. Web 2.0 introduced new sources of income that weren’t possible in the Web 1.0 era.

Today, this technology is more than two decades old, and, apparently, it will soon be replaced by an even more advanced version of the Internet.

There is no clear definition of Web 3.0 yet (after all, the technology has not yet been fully presented), but there are some characteristics that, as a rule, all participants agree on. Web 3 is commonly associated with the semantic web, artificial intelligence, 3D graphics, and universal applicability. Web 3 is also decentralized. This eliminates intermediaries in all areas and allows you to make reliable and secure peer-to-peer transactions around the world. Features like these will benefit the entire fast-growing creator economy, allowing members anywhere in the world to transact securely online without intermediaries or third parties.

Web 3, Blockchain and Decentralized Web 

In addition to artificial intelligence and 3D graphics, the next generation of the World Wide Web will be powered by blockchain and the technologies that underpin it. Web 3.0, for the first time in the history of the Internet, will be a democratic, user-centric platform without centralized control. Web 2.0 allowed for the limitless exchange of information, but often under the control of a centralized intermediary. In the Web 3.0 world, users will be able to interact with each other without the intervention of third parties. This will allow the free exchange of information and reduce the risk of censorship by governments and corporations.

What Does Web 3.0 Mean to You? 

A cryptocurrency (such as Bitcoin or Ethereum) is a completely decentralized network governed by certain underlying protocols. The use of these blockchains is growing thanks to the increased adoption of the network, the development of decentralized applications (dApps), the rise of decentralized finance (DeFi), and the adoption of non-fungible tokens (NFTs). The same scenario awaits Web 3.0 and related technologies.

Helping develop these protocols and solutions is one of the most effective ways for humans to participate in the next phase of the Internet. In addition to buying cryptocurrencies outright, you can learn more about DeFi projects including PancakeSwap or BakerySwap. These are decentralized exchanges (DEXs) that make it easier to exchange tokens. These DeFi projects also allow you to place cryptocurrencies in liquidity pools and earn additional tokens for added liquidity and active use of funds.

Binance offers cryptocurrency futures and deposit products, among other things. Thus, with the help of unique innovative offers, investors get universal access to Web 3.0 and the world of cryptocurrency.

In the past year, cryptocurrency users, including newbies, have begun to show interest in the world of NFTs, or non-fungible tokens. We recently launched our own Binance NFT marketplace, allowing users to buy masterpieces and invest in digital art. In the world of Web 2.0, this was not possible.

Notable Web 3.0 Digital Coins 

Here are a few assets that are in high demand today, helping to form the “decentralized Internet”:

• Chainlink (LINK) – price $6.25, capitalization $2,940,730,017
• Filecoin (FIL) – price $7.94, capitalization $1,605,719,070
• THETA (THETA) – price $1.20, capitalization $1,199,399,133
• Helium (HNT) – price $8.53, capitalization $1,002,231,703
• The Graph (GRT) – price $0.134, capitalization $924,649,261
• BitTorrent (BTT) – price $0.00127, capitalization $1,256,879,943
• Basic Attention Token (BAT) – price $0.3535, capitalization $529,561,709
• Arweave (AR) – price $12.06, capitalization $402,777,153
• Siacoin (SC) – price $0.004069, capitalization $207,996,637
• Livepeer (LPT) – price $13.7, capitalization $326,760,864

Web 3.0 Is Already Here. Are You Ready for This? 

Humanity is on the verge of another technological revolution. The advent of Web 3.0 will be a revolutionary event not only for people, but, perhaps, for the future of their capital. Investors and developers who recognize the potential of the next-generation Internet will be in a good position as the world begins to enjoy the benefits of Web 3.0.

Direct investment in blockchain protocols with cryptocurrency is a great start. Binance users have access to a full line of financial products and a trusted fiat-to-crypto gateway. We should also not forget about other Web 3.0 products available in DeFi, decentralized applications and NFTs.

In the summer of 2013, Bitcoin was worth less than a hundred dollars. Eight years from now, 1 BTC is valued at around 28,000. Bitcoin and the many other protocols it has influenced could completely and forever change the digital landscape we know. We see new benefits and uses for blockchain and Web 3.0, so now is the time to start exploring and investing in the development of the World Wide Web.

Ready to Buy Crypto?  

It is convenient to use the Binance cryptocurrency exchange for this purpose with three steps to making a purchase:

Step 1 

Using a bank card or an electronic wallet, make a fiat deposit to the exchange. Be sure to check which fiat channels are available for a particular currency. To expand the range of possible tokens for trading, you can convert fiat to stablecoins – for example, BUSD or USDT.

Step 2 

There is another option – buy directly from the card to buy the necessary Web 3.0 tokens.

Step 3 

To use the purchased cryptocurrency in decentralized applications, you need to transfer Web 3.0 tokens from the Binance exchange address to your own offline wallet, such as Metamask.

The abovementioned have a huge potential to shape the future of Internet networks. If you feel like taking part in this exciting transition, then you can buy assets or stake them for passive income. But remember to do your own research before investing in any tokens.