Crypto

November 19, 2022

Top 5 Web3 companies That Can Make You Richer | Is it a Good Idea to Invest in Web3 Company Stocks?

Web3.0 is the third generation of the World Wide Web based on blockchain and decentralization. The companies working on blockchain and other decentralized technology are known as web3 companies. Web3 has gained massive popularity quickly as its main focus is to give users control over their data. The use of blockchain technology can make any system decentralized, so there won’t be any central authority to control the user’s data.

In the last few years, we have seen many web3 companies progressing well. As blockchain and decentralization are still unknown to many, web3 companies have an ideal space for growth. Investing in web3 stocks might be a good decision this time, as many companies are doing well. Blockchain is directly linked with cryptos, so the recent bearish market has hampered many web3 companies, but some web3 companies are doing well in this bearish market too.

Now let’s talk about the top 5 Web 3 companies that might boom in 2023.

Top 5 Web3 Companies that Might Boom in 2023

5. Filecoin

Filecoin is a decentralized protocol that allows anyone to rent unused space on their computers. Fielcoin is built on an InterPlanetary File system that allows it to store and keep the data in a fully decentralized way. Fielcoin is the top cloud storage service provider in the web3 space. Decentralized storage solves the issues like network congestion which is too familiar in centralized cloud storage.

🤔 Wondering what the major differences are between Web2 and Web3 storage solutions?

📰 Check out this whitepaper on the future of decentralized technology below to learn more!https://t.co/ouY7ZCiyex pic.twitter.com/iBPeVjnN9t
— Filecoin SP (@FilecoinSP) November 18, 2022

The native token of Filecoin is FIL, among the top 50 cryptos according to the coinmarketcap ranking. It’s also on the watchlist of over 357k people on coinamarketcap alone. As a leading company in decentralized storage, we might see massive growth in FIL.

4. Ethereum Name Service

ENS is the naming service based on the Ethereum blockchain. It’s the most successful web3 naming service. Right now, more than 500k users have registered nearly about 3 million ens names. Due to the increasing popularity of web3 domains, ens could be another best investment opportunity. You may also invest in the ens name, and you can read more about ens here.

3. Chainlink

Chainlink is a famous decentralized blockchain network built on the Ethereum blockchain. It’s the well-known decentralized oracle in the crypto market. Chainlink has a partnership with many big companies like SWIFT and Google Cloud. It allows interaction between intelligent contracts. It’s considered the most secure against flash loan attacks. If web3 succeed, chainlink seems to be one of the vital projects that are undoubtedly getting success.

2. Aptos

Aptos is a layer one blockchain built with Move. Due to the high level of security and low transaction cost, Aptos is gaining more popularity. Aptos blockchain has been operating for the last few months and is doing Aptos is already regarded as the best alternative to the Solana blockchain. As many users dumped the airdropped Aptos coin and bearish market condition, the price is down. This may be the right opportunity to purchase aptos coin.

1/ Welcome to @AptosLabs — we’re excited to re-introduce ourselves!

While @AptosFoundation will support and develop the Aptos network and ecosystem, Labs will develop tooling and products on the Aptos blockchain that redefine the web3 user experience ⬇️https://t.co/ENHW5b5xUD
— Aptos Labs (@AptosLabs) October 18, 2022

1. Binance

Binance is the leading CEX in the crypto world. They have become the favourite exchange of many crypto enthusiasts with various services. Binance generated more than $20 billion in revenue last year. BNB is the native token used in the Binance ecosystem. Currently, there are more than 28 Million users on Binance. The adoption of crypto is increasing day by day, and this will make Binance more potent in the crypto world.

Why Will Web3 Change Everything?

Web3 is going to change everything using blockchain and decentralized technology. Everything is centralized, and big companies are using our data. We don’t have control over our data, and due to this reason, many people want decentralization. Web3 main focus is on devolution. Web2 giants like Google and Facebook use our data and have complete control over it. In web3, full power to the data is given to users themselves.

FAQs

What is Web3 Technology?

Web3 is the third version of www, and its primary focus is decentralization. Web3 technology gives users complete control of their data. There is no central authority in web3. The user itself controls everything.

What Are Web3 Companies?

Web3 Companies are institutions using blockchain technology to provide various services to users. This company’s primary focus is to give users complete control over their data. There are thousands of web3 companies currently providing a wide range of services to users. Chainalysis is an excellent example of a web3 company that provides blockchain transaction analysis services.

What are Web3 Tokens?

Web3 tokens are the coins issued by blockchains and web3 companies. Most of these companies give tokens to fund their project. Every blockchain has one native token. After that, thousands of tokens can be an issue on top of it. Ether is the native token of the Etherum blockchain. Similarly, there are thousands of tokens like Uni. Uni is the token issued by Uniswap, a decentralized exchange on the Ethereum blockchain.

Why Web3 is The Future?

Web3 main focus is on decentralization, which is enough to make it successful. Most people in the world hate centralization. That’s why web3 is gaining more popularity every day. In web3, users are given more privacy and high security. We can see that most big companies have already started investing in web3. From Nike to Budweiser, many famous companies have already entered the web3. Web3 is the future, so all the big companies are trying to enter as fast as possible.

How is Web3 going?

Web3 has a direct connection with crypto markets, and due to the bearish trend in the crypto market, web3 isn’t going well. Many web3 projects ahs their tokens, and the price reduction has affected them. But still, many projects are doing well and continue to build. The company that survives in this bearish market will become a strong force in the next bull run.

Which Are Web3 Coins?

Web3 coins are the cryptos tokens issued by projects working on blockchain and decentralization. Some top web3 coins are dot, link, fil, hnt, grt, bat etc. Brave browser is the most famous web3 browser and is unique to others. Brave offers its users bat tokens for using it. Similarly, fil is the native token of Filecoin, the decentralized cloud storage.

Who Controls Web3?

No one own’s web3, it’s completely decentralized. There aren’t any central authorities to control. That’s why web3 is decentralized. Users are given complete control over their data.

Can Web3 Introduce Complete Decentralization?

Yes, web3 provides users full access to their data. There is no central authority in web3 to control users’ data. So we can say web3 is entirely decentralized.

Will Web3 Succeed?

Yes, web3 is going to succeed. As people love decentralization, they will indeed move from web2 to web3. Web3 provides more security and privacy to users that why web3 is attracting more people every day. Even the big companies are already diving into web3, which is a good sign that web3 has a bright future.

MrRocky