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