Web 3.0 is an emerging technology that aims to change how people interact with the internet. One of its top goals is to reduce the concentration of power from a few companies to the crowd. Here are some of the top web 3.0 cryptocurrencies to watch.
The video streaming industry is seeing robust growth as internet speeds jump globally. Also, the number of creators has risen substantially in the past few months.
Unknown to many, video streaming is a highly expensive process because that data is stored in large data centers spread out in most countries.
The blockchain industry is solving this challenge by decentralizing how data is stored. Instead of relying on a few data centers, it is allowing anyone to become a data center provider.
For example, anyone with a smartphone or a a laptop with a free bandwidth can easily provide it to other users in a simple way.
There are several blockchain platforms offering the service but Livepeer is one of the fastest-growing ones. It enables people to share their space and then earn the Livepeer coin (LPT) when people use it for storage. Recently, however, like most cryptocurrencies, the LPT price has crashed by about 75% from its all-time high.
Gaming is an industry that is set for disruption by Web 3.0. For a long time, the industry has been dominated by a few companies that make billions in profits every year. Some of them are EA Sports, Microsoft, and Activision Blizzard.
Gala Games is a web 3.0 platform that is changing how games are played in the digital universe. The platform allows people to build their own games and then offer them to players. Players then make money in form of the GALA token as they climb the ladder.
Some of the games in the ecosystem are Legends Reborn, Spider Tanks, and Townstar among others. Gala Games has also expanded its ecosystem to include music NFTs.
Gala price is trading at $0.265, which is about 70% below its all-time high.
Basic Attention Token
Basic Attention Token (BAT) is the native token for Brave's ecosystem. For starters, Brave is a leading platform that includes a browser, search engine, cryptocurrency wallet, and a video call platform that is disrupting products offered by Google.
Brave has over 50 million monthly users who love it for its speed and privacy measures. Also, many users love to earn the BAT token whenever they view ads offered to them by the network.
While the BAT price has dropped by more than 63% from its all-time high, there is a likelihood that it will rebound later this year.