Blockchain technology will be part of a new architecture for information technology systems. As a result, this enable global scale level coordination and transfer of all kinds of assets. Web 3.0 is the culmination of all the advances in internet technologies we’ve made as a species. Likewise, the metaverse crypto represent a new paradigm in human evolution and creativity.
Hence, as more blockchains get built and scaled, talent, capital and assets migrate. Many call Web 3.0 and metaverse crypto as the “automation of trust”. Its ledger of records enable centralization of logic but the decentralization of data. It means that control of the data that represents an economic state well-known to all. Hence, this is game changing once the implications come through.
Web 3.0 and Metaverse Cryptos: Scaling Trust and Community using Blockchain
If you’re one of those who think “enough with the jargon, show me the uses”, don’t wait any longer. Always remember that, each new technology wave brings forth a wave of new stuff, of which many do and do not stick over time. It is the same for Metaverse Crypto.
Likewise, there is a huge positive bullish trend for Web 3.0 and the Metaverse Crypto. What’s that, you may ask?
The answer lies in trust and healthy communities. Over the long-term we will always gravitate towards what’s good for us and what not. And what matters in shaping human civilization is the fact that millions of humans coordinate with each other to get things done. Likewise, all coordination requires personal and professional trust. As a result, every new technology has gravitated to this fundamental fact. Hence, Web 3.0 and the Metaverse Crypto will automate trust and build a new world order based on interoperability and open source software.
Key Projects To Look For
There are many great reasons to invest in Web 3.0 and metaverse projects, supporting cryptocurrencies. Its about owning assets, building the future of the internet. Hence, a better chance to beat inflation and be a part of vibrant communities and projects.
Let us check out secen key projects to watch out for this year. We’re emerging from a dip in the crypto markets. It’s the best time to buy some good Web 3.0 and Metaverse Crypto projects at good valuations.
A ‘layer-2’ scaling solution for the Ethereum blockchain, Polygon has several bullish trends going for it this year. What does Polygon do? It acts as a separate blockchain for updating transactions on the Ethereum blockchain. They get processed in batches, and then verified on the main Ethereum blockchain. Polygon is currently home to over 3000 decentralized applications. Several notable developers are choosing it to build their projects. Its main market case is the fact that it reduces gas fees to pennies on the cent. A Web 3.0 play building the Metaverse Crypto.
It is currently building a vibrant ecosystem of scaling infrastructure solutions. The vision is to onboard the next billion internet users to the blockchain. It also runs Polygon Studios, currently headed by ex.CEO of YouTube. It recently raised a huge funding round of $450 million from notable investors.
The Kadena blockchain’s claim to fame is that it uses ‘braided chains’ to process transactions at the rate of more than 480,000 per second. It is able to do this without sacrificing decentralization or scalability of the blockchain network. It can scale processing powers, as more chains get built on it.
People can make a note on the Kadena blockchain and wait for more developers to start building applications on top of it. The KDA token is currently priced at less than $10 as of this writing. Patience will go a long way if you can hold onto the fortunes of the project as it starts scaling this year.
It is already one of the top cryptocurrencies in the world. That’s because users and investors say that is a decentralized Web 3.0 and Metaverse Crypto project. Its unique feature is something called Parachains; opened to developers very recently. The main advantage that Polkadot has is that it does not need to attract blockchain developers. That’s because each application and team gets its own separate chain that utilizes the main Polkadot chain. So developers love the platform for sure.
Only in November 2021 did the first batch of applications start building on 100 parachain spots. So you can imagine the kind of projects that will soon scale on Polkadot. A perfect Web 3.0 and Metaverse Crypto play this one. So you better get into Polkadot fast and start reading their whitepaper to do your own research before investing in them.
It is a decentralized network that is solving the issue of data aggregation for blockchains. When it comes to retrieving and using data from blockchains and smart contracts, solutions don’t exist. It is very manual and time consuming to collect data points from blockchains for any purpose.
So any application which wants to use data and understand what it means, will need to use GraphQL to find what they need. There are other subscription based services that perform this service. But, The Graph is a decentralized network.
Users and projects themselves can build open source databases. Think of it as a data indexing protocol. You can check out how many blockchains it currently supports, the number of users and holders who use the GRT token. As more applications and projects get built on blockchains, the more GRT will see demand.
It is a decentralized oracle network that bridges the world of Web 2.0 and Web 3.0. This in a nutshell, highlights the importance of Chainlink to the Web 3.0 world. As more projects and dapps are built on blockchains, there arises a need to use off-chain data and apply them on-chain. Think of the typical smart contract. It needs to check whether certain conditions have taken place or not. If this data exists on the blockchain, well and good. But, since Web 3.0 is so early, a majority of the world’s data exists outside the blockchain.
Chainlink is the main oracle of choice for relaying off-chain data to the blockchain. Hence, one of the best examples for a Web 3.0 and Metaverse Crypto play.
It is one of the earliest VR platforms that began building on the Ethereum blockchain. It is a virtual reality world divided into 90601 parcels of land, to be bought and sold in LAND tokens. Owing to the use of VR, it can claim to be one of the first real metaverses out there, with users communicating, buying and selling virtual land everyday. Users can use their plot of land for anything they want exactly like the real world. Settlers start aggregating and building up cities, kingdoms, states and empires.
The team is currently hard at work to develop new features, transition into a DAO and integrate with other VR applications on the blockchain.
Bloktopia is already listed on major cryptocurrency exchanges like KuCoin and OKEx. This in spite of its late beginnings. It has built a real-time world class 3D game engine. This is for the blockchain and the play-to-earn gaming revolution. Its vision has raked in top investors including the Polygon Network.
In fact, its Bloktopia Alpha will release very soon (February, 2022 as per the project). Players will be able to browse in a third and first person view. And earn $BLOK from play to earn games, view an NFT display, and enter virtual stores. So users can find out more about what tenants will be bringing into the Bloktopia metaverse.
Web 3.0 and the Metaverse Crypto is a long-term trend. You can make fortunes if you play the game well and find good projects that are worth investing in. So, always do your own research and rely on simple basics. What are the basics? Start by understanding the structure of the blockchain first. Why some blockchain architectures are better than others? After that, its about how we need all our software to migrate to Web 3.0 and metaverse principles. Find the projects and the people building that best projects.
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