The technology behind Web 3.0 has the potential to completely change how we interact with the world around us and each other. Even though the true concept of web 3.0 is yet to manifest, many individuals and firms are optimistic about its future possibilities.
Hence, most people are eager to know how to invest in web 3.0 — as they believe it'd be rewarding to be an early adopter of the next evolution of the internet.
However, the first step towards learning how to invest in Web 3.0 is to know how exactly it works — and how you can profit from it.
What Is Web 3.0?
Web 3.0 is a term used to describe the next generation of internet technologies that will bring us closer to realizing a truly decentralized internet where content creators are rewarded for their work, rather than having their entire existence controlled by large companies like Facebook or Google.
This new technology is driven by blockchain technology, which allows people to control their data instead of having it controlled by third parties like Facebook or Google — which means you could get rewarded for things like sharing content with your friends online just as you usually do on social media platforms such as Twitter or Instagram, etc.
It is a ground-up redesign of how we interact with data on the internet, and it will fundamentally change how companies operate.
This is because Web 3.0 refers to the new way people use technology to interact with each other, businesses, and their environments to create value for themselves and others.
Web 3.0 can be thought of as an evolution from Web 1.0 where the content was delivered via a traditional website, to Web 2.0 where users were able to interact with it using social media platforms like Facebook, Twitter, and Instagram.
How To Invest In Web 3.0
Web 3.0 is very large, and it provides many investment opportunities for anyone who will embrace the technology.
So if you have wanted to know how to invest in web 3.0, have in mind that there are different ways you can fit into web 3.0 as an investor. Every application of web 3.0 comes with its investment opportunity, below are the outline of some of the ways to invest in web 3.0.
It's inarguably that cryptocurrency, over the past few years, has been the alternate way of making cross-border transactions without third-party interference. This is because it's powered by blockchain technology to facilitate this possibility.
Web 3.0 is powered by blockchain, hence, cryptocurrency would be an integral part of web 3.0. It's no doubt that every web 3.0 application will always have a currency that would be used as the utility token and to use or access some services, thus, a need to create a cryptocurrency asset that will represent the ecosystem value.
It's believed that this kind of crypto asset is ideal for investment, and would make a substantial return for the early investors as more adoption springs up.
What Are Web 3.0 Coins?
There are many cryptocurrencies in the market currently for different purposes, not all crypto assets are web 3.0 coins. And below are some of the lists of web 3.0 coins:
- Chainlink (LINK)
- Theta (THETA)
- BAT etc.
Another application of web 3.0 that someone who wants to know how to invest in web 3.0 should consider is — NFT. NFT has gained much traction since it came to the limelight due to numerous NFT collections or arts that were sold at a significant price.
However, the utility of NFT goes beyond arts, NFT is an important element in web 3.0. NFT is used to tokenize objects, and properties, and give ownership through blockchain.
It's an integral part of the metaverse, a digital world that provides an immersive experience by creating a virtual presence of the physical world.
Lands and other objects in the metaverse are tokenized with NFTs, and they can serve as a great investment vehicle in web 3.0.
As mentioned earlier, web 3.0 is still in its infancy stage and is yet to showcase the true concept that it's known for.
However, it's essential to know that any evolution takes decades before it could be applied fully in our everyday life.
Hence, this time might be the best to venture into and explore web 3.0 technology.