A Closer Look Before Start Investing in Web 3.0

Before investing in web 3.0, you should know the best coins for long-term investment and the disadvantages and advantages of web 3.0.

Web 3.0 is the next generation of the internet from the previous generation. This website prioritizes internet freedom, so it prioritizes a decentralized system.

Web 3.0 Crypto Coin for Long-Term Investment

There are several ways for you to investing in web 3.0. To understand more deeply the tokens that are included in the list of web 3.0 coins, the first thing that needs to be discussed is one by one about these tokens.

So it will be easier for you to understand the function of each of these web 3.0 crypto coins. In addition, it can also be used as a consideration for investing in crypto tokens. Here are the potential web 3.0 crypto coins for long-term investments:

1. Ethereum

Ethereum is at the heart of the web 3.0 project. So don’t be surprised if many web 3.0 projects are built on the Ethereum network. From decentralized financial networks (DeFi) to the metaverse.

Apart from that, Ethereum is one of the potential web 3.0 coins for investment. To invest in Ethereum, you can buy web 3.0 coins on Binance or other major exchanges.

2. Basic Attention Token

The Basic Attention Token is a token product of the Brave ecosystem. Brave is a browser in the digital advertising industry that utilizes blockchain technology.

This token is one of the web 3.0 projects for investment. Website browser Brave will focus on digital advertising services to block malware and track anonymous users.

The Brave browser was developed by the co-founder of Mozilla Firefox, who was concerned about modern digital advertising because it caused much harm to its users.

3. Uniswap

Decentralization is one of the keys to finding a decent web 3.0 coin to serve as a long-term investment tool. And one of these decentralized service providers is Uniswap.

Uniswap is a decentralized crypto exchange. Built on the Ethereum network, Uniswap is an example of a potential web 3.0 project.

4. Decentraland

Decentraland is a web 3.0 platform token from the metaverse. When talking about the metaverse, it will be very closely related to the virtual reality life it offers. One of the projects that are famous in the metaverse is Decentraland.

Decentraland is built on the Ethereum network, allowing its users to experience virtual life more realistically.

Why Investing in Web 3.0 Important?

Web 3.0 will give you ownership of digital assets like never before. For example, with web 3.0, you will never lose your game account, even if the game creator deletes your account.

Web 3.0 allows direct ownership via non-fungible tokens (NFT). So no one, not even game creators, has the power to take ownership of the assets you own. And if you stop playing the game, you can sell or trade the item on the open-source market.

Weaknesses and Limitations

Of course, investing in web 3.0 has its drawbacks because it is the latest generation of web. There are some limitations regarding investing in web 3.0:

1. Understanding and Education

The Internet era web 3.0 brings many principles and advances that may be foreign to many users. But, just like moving from the era of web 1.0 to 2.0, this transition will take a long time.

Web 3.0 introduced a different model, technology, and interaction from the internet we know today.

2. User Experience

Some people still need help using platforms and web 3.0 applications that are still unfamiliar. As a barrier, users need to understand many technical terms to use this app. In transactions, users must also understand the term crypto to avoid various fraudulent acts.

3. Infrastucture

Several web 3.0 projects are still detected using web 2.0 infrastructure, such as Google, AWS, and Twitter. However, many web 3.0 projects also cater to infrastructure deficiencies such as Chainlink. Therefore, integrating a promising but secure infrastructure can take time.

4. Participation

Users not only need an in-depth understanding of this new platform but also need to put in time and effort. This right is a challenge but also a unique aspect. Why is that? Because only some have time to participate.

Conclusion

After reading the advantages, disadvantages, best coins and other facts about web 3.0 above, do you have an answer? Then, you can start investing in web 3.0 if you are sure and understand it very well about the web.

This story was shared on Medium / Moch Akbar Azzihad M

Image credit: ShutterStock/A. Solano