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Best Web 3 Crypto Projects – What is Web 3?

Web3 crypto projects aim to reduce the role of middlemen in processing the transactions and give freedom for users to choose the features they want to use. In this guide we'll introduce and review the top Web3 cryptocurrencies to buy, i.e. the native crypto tokens that power the top Web3 projects.
Web3 Crypto List - Top 8 Web3 Cryptocurrencies to Invest In
Web3 Crypto List - Top 8 Web3 Cryptocurrencies to Invest In

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Web3 is the vision of the next generation of the Internet that aims to take data control to a new level and bring new possibilities for internet users. It tries to do so by incorporating such technologies as machine learning, artificial intelligence, blockchain technology, digital currencies, smart contracts and more. 

Along with the development of Web3 and cryptocurrencies, several Web3 cryptos are merging that try to combine digital currencies and Web3 by offering such services that are offered by Web2 providers. However, Web3 crypto projects aim to improve the technologies offered by Web2 providers by making them more decentralized, secure, and efficient. 

In this guide, we have introduced the top Web3 cryptocurrencies that are worth investing in. You will find here a detailed review of each cryptocurrency, get introduced to the best platforms to buy Web3 cryptocurrencies, and be provided with a step-by-step guide on how to invest in Web3 cryptocurrencies. 

Best Web3 Cryptos to Buy in 2024

Below is a quick list of the best Web3 cryptocurrencies to invest in for this year and beyond. We will discuss all of them separately in the next section. 

  1. Smog – Leading Web3 Solana Memecoin Unveils Its Viral Airdrop Strategy
  2. Bitcoin Minetrix – Web3 Crypto Project Revitalizing Cloud Mining
  3. Sponge V2 – Web3 Crypto Featuring Staking and P2E
  4. Scotty the AI – Web3 Crypto Leveraging AI
  5. Meme Kombat – Brand-New Web3 Crypto Revolutionizing P2E Gaming
  6. eTukTuk – High Potential Web3 Crypto With a Green Concept
  7. Wall Street Memes – Best Meme Coin to Invest in 2024
  8. Biconomy – Web3 Crypto Listed on eToro
  9. Sui – Popular Web3 Crypto WIth Massive Potential
  10. Manta – Web3 Crypto Focused on Scalability Built on Polkadot
  11. API3 – Best Web3 Crypto for the DeFi Infrastructure
  12. Livepeer – Best Web3 Cryptocurrency for Live Streaming
  13. Theta – Best Web3 Crypto for Video Streaming
  14. Polkadot – Best Web3 Crypto with Large Market Cap
  15. Chainlink Best Web3 Crypto for Smart Contract Development
  16. Filecoin – Best Web3 Crypto for Decentralized Storage Service
  17. Basic Attention Token  – Best Web3 Crypto for Digital Advertising Service

Top Web3 Coins to Buy Now – Full List

Now that you know what Web3 crypto coins are and how they work, you may want to know what some of the best projects are and what services they offer. In this part of the guide, we thoroughly review the best Web3 cryptocurrencies that contribute to the third generation of the Internet in various ways.

Smog – Leading Web 3 Solana Memecoin With a Viral Airdrop Strategy

Next on the list of best web3 projects is Smog, a project that promotes itself under the banner of “Survive the fiery flames of SMOG”. $SMOG introduces enthusiasts to ‘The Dragon’s Court,’ an exclusive crypto community aiming for unmatched virality within the meme coin realm. The community commits to delivering interactive, thrilling multi-airdrop campaigns, transforming user engagement into an immersive and gamified experience.

Smog

Participation involves acquiring and holding $SMOG, accumulating airdrop points for undisclosed future rewards, fostering a sense of anticipation among investors. Additionally, $SMOG holders have the potential to benefit from a community bounty, enhancing the appeal of retaining their investment.

The tokenomics of the Smog project reveal a steadfast dedication to achieving viral success through its airdrop campaign. A substantial 50% of the supply is allocated to marketing, signaling the team’s ambitious goals. Furthermore, 35% of the supply is reserved for future airdrop rewards, alluding to enticing prizes for participants.

With a strategy focused on reducing circulating supply, the SMOG token appears poised for a more robust entrance compared to earlier Solana meme coin surges like BONK, which has seen an impressive +862% YTD increase despite recent retracements.

The project’s roadmap outlines exciting future milestones, including the introduction of a staking feature and potential burn mechanisms, suggesting forthcoming airdrop initiatives. An ETH bridge was also introduced in order to encourage investors to buy into the project. A unique element is the target of accumulating 10,000+ ‘Loyal Chosen’ members, requiring selection and a pledge to the SMOG realm, promising enhanced airdrop rewards for the committed.

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Bitcoin Minetrix – Web 3 Crypto Project Revitalizing Cloud Mining

The long-suffering realm of Bitcoin mining is fast reviving and reforming itself with Bitcoin Minetrix. The platform provides a cloud mining environment to ease worries about Bitcoin mining with lowered entry barriers, enhanced safety, and no upfront costs.

Bitcoin Minetrix

Bitcoin Minetrix is a ground-breaking approach that fuses the concepts of staking and mining to accomplish its vision. To gain mining credits, users can stake the platform’s native $BTCMTX currencies. Since the native ERC-20 $BTCMTX tokens are non-transferable, burning them offers mining time or revenue sharing in exchange.

Users of Bitcoin Minetrix just need an Ethereum-compatible wallet to purchase and stake BTCMTX tokens. They can manage all their BTCMTX tokens and mining credits using a straightforward interface.

Bitcoin Minetrix promotes accessibility and eliminates the need to buy cash contracts from mining companies by tokenizing the cloud mining environment. Bitcoin Minetrix is still in presale and has a slightly over $15 million soft cap target.

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Sponge V2 – Web 3 Crypto Featuring Staking and P2E

Sponge V2 is a new version of Sponge V1, a memecoin that landed on Uniswap in May 2023 without any fanfare and took the market by storm.

Sponge V2

It took it four days to rise up by 3200%. At its peak, it had a market capitalization of $100 million and more than 13k holders. As the memecoin mania went down, so did Sponge V1’s value.

However, the token still had community support. Thanks to this community, devs have come together to bridge Sponge V1 to Sponge V2.

Sponge V2 is an ERC-20 token that can only be gained by staking Sponge V1. Sponge V1 holders will get as many Sponge V2 tokens as they stake. New buyers can buy and stake the tokens at the same time.

This transition to Sponge V2 has several benefits. The first one is staking. Those who don’t immediately grab their Sponge V2 tokens once it launches will be able to earn a high APY over the course of 4 years. The minimum APY to be gained is 40%.

Alongside this staking mechanic, Sponge V2 also has a unique P2E game. While the game is still in development, developers have revealed that Sponge V2 will be a major currency powering that ecosystem.

Sponge V2 is giving users multiple perks in the Web 3 space. Its staking mechanic offers the highest APY, and its P2E mechanic can provide investors with long-term upsides.

Sponge V2 staking is live. So far, more than 700 million tokens have been staked, and the reward rate stands at more than 2000%. Sponge V1 holders or investors interested in this memecoin can visit sponge.vip.

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Scotty the AI – Web3 Crypto Leveraging AI

Scotty the AI is a unique crypto project that is introducing Web3 fundamentals through its memecoin nature. The imagery of this project showcases a Scottish Terrier with techno powers to protect the blockchain.

Scotty the AI

The narrative that the official whitepaper has established talks of Scotty the AI as a character that can engage in lightning-fast transactions while maintaining a high level of security. It can also do a comprehensive analysis of market conditions to deliver top-of-the-line marketing insights.

Underpinning this narrative is a utility that comprises a decentralized exchange and a chatbot. The decentralized exchange that Scotty the AI is promoting is known as Scotty Swap, which, according to the official whitepaper, enables fast transactions in a secure environment. The DEX also uses AI to ensure that the trades conducted are profitable.

The other utility is Scotty Chat, which is an AI chatbot that analyzes the market and provides in-depth market insights to users.

These attributes make Scotty the AI capable of advancing the Web3 ecosystem. The project’s unique imagery focuses on virality, while the AI-driven fundamentals offer a robust utility to this project. Those who are interested in this project can visit scottytheai.com and explore the platform’s whitepaper.

Visit Scotty the AI

Meme Kombat – Brand-New Web 3 Crypto Revolutionizing P2E Gaming

Meme Kombat, with its innovative concept of blending popular meme coin characters into the thrilling realm of fight arenas, is one of the latest Web 3 crypto projects to watch for.

The project aims to revolutionize peer-to-peer gaming using cutting-edge technology and the decentralized strength of the Ethereum network.

Meme Kombat New Crypto

Currently, the platform provides three primary services. First, using cutting-edge AI, popular meme coins are infused into Meme Kombat’s Automated Battles. Second, the gambling element lets owners of $MK tokens wager on battle outcomes and earn huge profits. Third, staking enables $MK token owners to passively earn an Annual Percentage Yield (APY) of 112% beyond in-game benefits and rewards.

Participation and community engagement are essential components of $MK. Hence, many tokens have been set aside as community rewards. Half of the token supply is currently on presale, with a hard cap of $10,000,000 and a presale token price of $0.279.

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eTukTuk – High Potential Web3 Crypto With a Green Concept

eTukTuk is a Web3 initiative committed to sparking an electric vehicle (EV) revolution by enhancing both the accessibility of transportation and its ecosystem for potential users. The project encompasses two key components: an EV Tuktuk vehicle and a comprehensive network of charging stations designed to facilitate convenient charging for vehicle owners. With this combination, the project aims to establish an entirely new and eco-friendly commuting industry by leveraging the power of Web3.

eTukTuk (TUK)

The project lets investors stake their TUK tokens (native token of eTukTuk) and enjoy an impressive APY of more than 350%. However, one must remember that this level of APY will not be constant and will reduce eventually. The main products, however, are the EV-tuktuk offering and the chain of charging stations, which shall be connected for drivers to have a more seamless driving experience in their vehicles. The project has also launched a Web-based P2E game that consists of the player being a driver taking passengers to and fro to various locations. The more one plays the game, the faster they deliver each person to their destination, the more TUK tokens they may be able to earn, ultimately converting into money.

With an excellent presale offering gaining major success and a low price tag of just $0.026 right now, the token is in an excellent buying range. Since the prices shall increase with each passing presale stage, it may be a great idea to invest in this Web3 crypto, as one will be able to enjoy profits right upon the token being launched.

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Wall Street Memes – Best Meme Coin to Invest in 2024

Wall Street Memes token ($WSM) is making headlines in the Web3 space with its massive presale. Within a few days, the token managed raised over $500,000. Its linkage with the successful Ethereum-based NFTs, Wall St Bulls, has given it soaring popularity in the crypto community, with more than 1 million followers across various social media channels.

Wall Street Memes Best Web 3 token

The total supply of Wall Street Memes has been kept at 2 billion tokens, half of which will be sold in public via presale, and 100% of its supply will be made available for the Wall Street Memes community, which will prevent mass dumping of these tokens in the market. Wall Street Memes’ social media presence has been able to generate a lot of excitement about this coin among leading influencers. In light of the successful presale launch, the team is looking forward to hosting a $50,000 airdrop.

Note: The project finished its presale and is currently available on the OKX platform.

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Sui – Popular Web3 Crypto WIth Massive Potential

With its innovative approach to solving the blockchain trilemma of scalability, security, and decentralization, the Sui crypto manages to stand out as an exceptional Web3 initiative. Launched with a massive airdrop that was embraced by many, the project leverages the Move language and parallel transaction execution to achieve lightning-fast transaction speeds and instant settlement while maintaining robust security measures.

Sui

The project’s delegated proof-of-stake consensus mechanism ensures efficient validation and rewards distribution, promoting network stability. Despite its rapid processing capabilities, Sui prioritizes decentralization by employing a large number of full nodes, enhancing network resilience.

With a flourishing ecosystem of dApps spanning NFTs, DeFi, and GameFi, Sui offers diverse opportunities for developers and users alike. Backed by a strong team and supported by reputable investors, Sui crypto embodies the essence of Web3 innovation, making it a promising choice for participants seeking a high-performance, secure, and decentralized blockchain platform in the Web3 space.

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Manta – Web3 Crypto Focused on Scalability Built on Polkadot

Manta Network, launched in September 2023, quickly garnered attention in the cryptocurrency world for its cutting-edge technology and innovative approach to privacy and scalability. At the heart of Manta’s offering is its modular-based zero-knowledge (ZK) rollup for Ethereum, comprising two distinct chains: Manta Atlantic and Manta Pacific.

MantaDAO

Manta Pacific serves as a zero-knowledge Ethereum layer 2 network, focusing on scalability and security. By utilizing the Celestia modular network for data availability and the Polygon zkEVM, it achieves faster transaction speeds and lower gas costs compared to existing layer 1 blockchains and top layer 2 networks. Developers can easily integrate ZK features into existing smart contracts using Manta’s ZK library and Universal Circuits.

On the other hand, Manta Atlantic operates as a decentralized layer 1 network, offering on-chain compliance identities and supporting zkNFTs, staking, and dApps. It serves as a ZK identity layer, providing interoperable and compliant identities to other projects and chains, simplifying the integration of on-chain identity solutions.

For users, Manta promises faster transactions, lower costs, enhanced privacy, scalability, and governance voting rights through its MANTA token. This Web3 crypto boasts multiple utility-first elements, which has helped the crypto gain a huge following and a considerable increase in price in a very short span of time.

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Biconomy –  Web3 Crypto Listed on eToro

BiconomyUsing Web3 infrastructure is not as intuitive and simple as Web2 which significantly hinders the mass adoption of Web3. Among the most eye-striking problems are that people must pay gas fees when interacting with dApps but Web2 applications do not require similar fees. Additionally, there is some complexity with the blockchain which is related to user onboarding.

The Biconomy cryptocurrency project aims to solve these simple issues and make the Web3 infrastructure more user-oriented and as easy to use as Web2. The project was launched in 2019 by an international team of experts who have strong knowledge and experience in the related fields. They offer a multi-layer protocol to enable developers to onboard new users without paying expensive gas fees. 

The Bicnomy protocol solves four main problems related to the Web3 infrastructure. First and foremost, user onboarding is streamlined and it can happen without gas fees. The second major problem is related to paying gas fees which are usually done in ETH for the dApp on the Ethereum infrastructure. Biconomy makes it possible to pay for gas fees in any ERC-20 token they choose. The other two crucial problems are that users avoid the complexity of blockchain technology and their transactions will be verified faster. 

Biconomy issues a native cryptocurrency to support its network – BICO. It has two basic uses for the project. It is a utility token that can be used to pay gas fees. Moreover, it is also a governance token and BICO users are granted voting rights related to Bicnomy changes and improvements. BICO is also used to pay for all ecosystem participants, including stakeholders, validators, delegators, liquidity providers, etc. The total supply of the cryptocurrency is 1,000,000,000 BICO tokens and 158 million tokens are already circulating.

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API3 – Best Web3 Crypto for the DeFi Infrastructure

API3API3 token is the native currency of the API3 network which is a Web3 cryptocurrency project aiming to build a decentralized version of APIs. It is a governance token and serves the API3 DAO community to govern the project. As API3 is a governance token, anyone holding API3 coins can participate in the discussions about the project development. They can also vote on the changes and new projects regarding cryptocurrency. 

The API3 project was launched in 2020, December, and has three co-founders. The first one is Heikki Vanttinen, who has significant experience in blockchain and related fields. Vanttinen teamed up with Burak Benligiray who worked as CTO in the CLC Group which was founded by Vanttinen. The last member of the founding group is Saša Milić who is a sessional lecturer at the University of Toronto and worked previously for such companies as Facebook. 

They launched the API3 token in December which started at $1.5 but experienced several ups and downs during its existence. The cryptocurrency value increased since its launch and it experienced an all-time high in April 2021, when its price hit $9. However, it started to decrease again and had a major drop two months later decreasing to $1.9. Another major up occurred in March 2021, when it hit $8 but its value dropped again. Currently, it is trading at $2.79 and has a market capitalization of almost $241 million. Overall, API3 is certainly one of the best web3 coins to invest in right now. 

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Livepeer – Best Web3 Cryptocurrency for Live Streaming

livepeerLivepeer is a Web3 decentralized project designed to bring video streaming to a new level. It does not work as the traditional video streaming companies like Youtube, which host, store and distribute the videos.

Livepeer uses blockchain technology and utilizes the extra computing power from the network of computers to help broadcasters transcode their video products.

Broadcasters however do not need to take care of the technical part. They only need to push the streaming button and shoot their videos on the platform built on the Livestream blockchain. But the network also consists of so-called orchestrators who use their excess computer power to transcode the streaming and make it available on different platforms and devices. 

To make sure that orchestrators do quality work, they stake a certain amount of Livepeer tokens – LPT. The network also has delegators because many people may not have such computing properties to act as orchestrators. Delegators can also stake their LPT tokens with the orchestrators they want and contribute to network safety. Both orchestrators and delegators get rewards from the fees charged from broadcasters. 

As already mentioned, network participants stake a certain amount of tokens – LPT coins which is the native token of the Livepeer ecosystem. When the project launched no ICO was conducted to distribute the LPT tokens. But a particular number of coins was initially distributed among the members of the Livepeer community, including its founders, former team members, etc. Though LPT is the native token of the project, it is not used as the payment method and the contributors to the network get their rewards in ETH or DAI. 

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Theta – Best Web3 Crypto for Video Streaming

ThetaTheta is a software that enables us to build a platform for decentralized video streaming. It does so by incorporating a global network of computers and using their spare bandwidth. Founded in 2017 by Mitch Liu and Jieyi Long, Theta offered its private ICO and raised $20 million distributing 30% of its THETA tokens. 

Users can join the Theta network and offer their spare bandwidth and computing resources to relay videos on the network. For their services, they get rewarded in Theta’s second native token – TFUEL. One of the most crucial features of the Theta ecosystem is that it enables the streaming of high-quality videos from any part of the world. 

Theta is built on the Ethereum blockchain and uses the Proof of Stake protocol. It enables THETA token holders to stake their tokens and get rewarded for that. You can stake THETA coins and become a network contributor as a Validator and Guardian. For the first one, you will be required to stake 10 million THETA tokens, while to be a Guardian only 100,000 THETA is required.

Theta also provides a Theta wallet which is a digital crypto wallet used for storing cryptocurrencies. The platform can also be used for building dApps and the first video streaming dApp built on the Theta network was Silver.tv. Though Theta was initially built on the Ethereum blockchain it is currently developing its own blockchain technology and will move to it. The new Theta blockchain differs with its high transaction throughput and low transaction fees. 

Theta’s THETA token is currently ranked #45 by its market capitalization, so it is among the 100 largest cryptocurrencies.

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Polkadot – Best Web3 Crypto with Large Market Cap

PolkadotFounded by one of the co-founders of the Ethereum project, Polkadot is a DeFi product that aims to combine a global network of computers to create a blockchain platform on which users can operate their own blockchains. It is pretty much similar to such popular blockchain projects as Ethereum and Cosmos, but Polkadot claims to solve more problems regarding the DeFi industry. 

The main problems related to blockchains include security, interoperability, decentralization, and scalability. While most blockchains can refer to only one or some of these problems, Polkadot offers scalable and secure transactions while preserving decentralization. The consensus mechanism underlying the Polkadot project is called NPoS (nominated Proof of Stake). 

It enables having two types of blockchains. The first one is the relay chain which is the main blockchain and the second one is the parachains which are user-generated networks. The main chain is used to finalize the transactions and can process up to 1000 transactions in a second. The parachains fit into the main blockchain and are secured by the relay chain. 

Polkadot’s native cryptocurrency is DOT which is a governance token and plays a major role in network security. Users can stake their DOT tokens to contribute to network safety, propose changes regarding the project and earn rewards. They can get various roles by staking their DOT coins- validators, nominators, fishermen, and collators. 

Apart from it, DOT also serves the Polkadot DAO which is the governing body of the project. DOT holders can propose changes and vote on the projects and their participation degree depends on the number of coins they hold. Other bodies playing a major role in the DAO are the Council, which is selected by DOT holders, and the Technical Committee.

Currently, Polkadot’s DOT coin is the 11th largest cryptocurrency by its market capitalization. It has a circulating supply of 987.5 million DOT tokens and does not have a maximum supply. The value for each DOT token is $6.82 which raises a market capitalization of almost $8.6 billion.

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Chainlink – Best Web3 Crypto for Smart Contract Development

ChainlinkChainlink is an Ethereum blockchain-based Web3 crypto project that was launched in 2017 by the Smart Contract company. Its main purpose is to improve the way smart contracts work and empower them with reliable real-world data. The smart contract is the core principle underlying blockchain which carries an action encoded on them only when certain conditions are met. However, smart contracts mostly rely on external sources and Chainlink aims to handle this issue.

The project wants to solve this problem through the so-called oracles who are the main data providers of the smart contract. To make sure that oracles provide reliable data, Chainlink uses reputation points to grant oracles for the information they provide. Additionally, the reputation of the oracle depends on the amount of LINK token they hold, which is the native coin of the Chainlink blockchain. 

LINK plays a major role in Chainlink’s ecosystem. It is not a cryptocurrency for everyday use but rather to serve the network. It is used for multiple purposes within the blockchain. For instance, it is used to pay the node operators for securely moving the data on and off the blockchain. It is also used to create a trustworthy interaction between oracles and smart contract creators. 

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Filecoin – Best Web3 Crypto for Decentralized Storage Service

FilecoinFilecoin is a cryptocurrency project that offers data storage services similar to conventional services, such as Google and Dropbox. But the difference between Filecoin and traditional data storage providers is that Filecoin’s system relies on blockchain technology. It means that Filecoin offers decentralized storage while in the case of the traditional companies all the data is kept by a single body. 

By offering decentralized data storage Filecoin makes your data more secure and independent of any control. To bring it into reality, Filecoin’s blockchain invites miners to provide computational power and find storage for the users. By getting the storage for the users, miners get rewarded in Fliecoin’s native token – FIL. However, it is not enough just to provide data storage. Miners also need to verify that they are storing the data securely over a certain period of time. In this way, they mine a new block on Filecoin’s blockchain and get rewards from the transaction fees. 

In turn, user providers need to pay to store their data on Filecoin’s network. As the process is not governed by a single party and there can be many miners in the market competing to sell their services, the prices are not fixed. And users can choose the lowest prices available in the market. According to Filecoin, when the number of miners increases, more storage will be available and the competition will rise and lead to cheap prices. 

Filecoin’s native token, FIL, is the utility token serving the project. It is used to pay for transaction fees, reward miners, and for other transactions on the network. FIL was launched in 2017 and the team managed to raise $257 million during the ICO stage. FIL is currently among the 50 largest cryptocurrencies right now, making it a highly sought-after project.

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Basic Attention Token – Best Web3 Crypto for Digital Advertising Service

Basic Attention TokenBasic Attention Token which is also called BAT is created with an aim to transform digital marketing in a way that will suit all the parties involved in the process – publishers, creators, and advertisers. One of the main problems with advertising is that users usually skip the ads and do not prefer to view the ad content. BAT aims to make it possible for ad viewers to be rewarded for viewing them. 

Based on the Ethereum blockchain, this cryptocurrency project operates on a browser called Brave. The latter is created by the same team that launched the BAT token and one of the members of the team is Brender Eich who is known for creating the JavaScript computer language. The Brave platform has three main players – publishers, who create content and promote advertisements, advertisers, who need to be sure their ads are viewed, and viewers who get rewarded with BAT tokens for the ads they view or share. 

The platform was created in 2017 and has become quite popular over the years. Recently they announced reaching more than 50 million monthly active users and more than 15.5 million daily active users. The BAT token is among the 100 largest cryptocurrency projects and it experienced an excellent ICO stage. When BAT was offered during the initial coin offering, 1 billion tokens were sold in just 30 seconds raising more than $35 million.

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What are Web3 Crypto Coins?

If you are familiar with the history of the Internet, you may know that similar to any technology, the Internet is growing and evolving too. The first stages of the World Web evolution are referred to as Web 1.0 and survived from 1991-2004. Web 1.0 was not that much attractive: it was about a combination of web pages where visitors can get information. But these platforms are just meant to provide information, they are stable and not attractive. 

In 1999, Darcy DiNucci coined the term Web2 during the conference which he used to describe the incorporation of new technologies that will make Web attractive and suited for the users. Web 2.0 is the Internet we are using now – it introduces tons of technical tools to enable people to express their opinions, share their works, arts, experiences, etc. Among the most popular user-oriented tools are social media, podcasting, blogging, voting, etc. 

Currently, we are witnessing the transformation of Web 2 into Web3 which aims to introduce the third generation Internet underlying such technologies as blockchain and smart contracts. The main characteristic of Web3 is decentralization which is the main feature of most cryptocurrencies. Hence, all the crypto projects that offer similar services as a part of Web2 but incorporate decentralization, blockchain, or smart contracts are called Web3 cryptocurrencies. 

The most crucial feature differentiating Web3 from Web2 is that users obtain more control over their data. It is because by incorporating decentralization, Web3 aims to reduce the role of middlemen in processing the transactions and give freedom for users to choose the features they want to use. On centralized platforms, many tools can be inaccessible to certain people. 

Web3 wants to remove these boundaries by introducing technology that works based on a code that is not controlled by watchdogs or agencies. For example, if Google offers cloud servicing but all your data is controlled by a single body, Filecoin does the same through decentralization distributing your data among multiple storage providers. 

Best Exchange to Buy Web3 Coins

If you are looking for an excellent cryptocurrency broker that offers multiple unique trading opportunities in one place, we recommend eToro. We consider eToro the best platform to buy Web3 cryptos for several reasons – security, functionality, low fees, user interface, crypto trading tools, etc. 

Additionally, it has a versatile collection of Web3 coins and supports most of the top Web3 coins included in our list. It indicates that eToro is a perfect platform to diversify your Web3 crypto portfolio. The broker operates in more than 100 countries and is regulated by top-tier organizations. 

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How We Reviewed the Best Web3 Coins to Invest in

Before recommending web3 cryptocurrencies to purchase, our experts researched the market carefully to find out the best cryptos. Here are the factors we take into account during the research.

Security is among the most crucial things to consider. Hence we always check if the cryptocurrency project is reliable and secure. It is always vital to check if it relies on a secure blockchain and can guarantee its safety. With so many cryptos in the market, many projects appear to be scams or speculations so always research the project to find out what it offers before investing in it. 

The next crucial thing to consider is the popularity of cryptocurrency. If the project offers unique solutions for the decentralized finance industry and offers a technology that can garner incredible popularity in the future then it’s worth investing in. If it becomes popular in the future it will attract a larger audience who will buy the coin. 

You can also consider the use cases of the coin which indicates the number of areas it can be used for. Usually, web3 tokens have a certain role within their infrastructure. They can be used either as a governance token, a utility token, a staking asset, for yield farming purposes, etc. The more use cases it has, the more demand it can get once it becomes popular. 

Are Web3 Coins a Good Investment?

One of the good reasons for buying Web3 coins right now is that Web3 is still in the early stages of development. The cryptocurrency projects have been blooming for the last 4 days and they are still very fresh. These projects have a lot of ways to go to prove their technology. And once they succeed in their plans, they can get huge attention. The value of the coins will increase leading to high profits for those who invested in them in their early stages. 

But there is also the opposite site which requires you to consider several risks before buying any Web3 token. You must always be ready to lose your money as the risks of investing in cryptocurrencies are quite high. You can’t be completely sure whether this or that cryptocurrency project will succeed in the future. It means that investing in web3 coins must be cautious and based on your available budget.

Where to Buy and Trade Web3 coins?

With so many online cryptocurrency brokers in the industry, you may get confused about which one is the best platform to buy and trade Web3 coins. There are multiple things to consider when selecting a cryptocurrency broker, so you will need to check many features to find out which one best suits your requirements. If you find the process time-consuming and do not have time to spend on research, below we have reviewed the two best crypto brokers – one for beginners and the other for advanced traders. 

  • eToro: The broker has several things that make it exceptional. First and foremost, eToro is a regulated platform which makes it super safe and trustworthy. The broker also uses advanced security systems to protect your account from fraud. Its trading features also make it unique. eToro is well-suited for newbies and offers a super easy-to-use platform. 

eToro’s distinctive feature is its social trading platform that enables traders to interact with each other, discuss different topics, and even copy expert traders’ portfolios with a click of a button. In terms of trading fees, eToro offers one of the most competitive pricing structures in the market. There are almost 70 coins available on the eToro, including all the Web3 tokens recommended by us. 

  • Binance: Binance is an extremely versatile cryptocurrency exchange where you can buy and trade over 600 cryptocurrencies. It is perfectly designed for expert traders and offers a vast selection of sophisticated tools and charts to use for trading. Its pricing system is also exceptional with incredibly low transaction fees that make 0.1% for BTC-ETH pairs. 

Apart from cryptocurrencies, Binance also offers an NFT marketplace, peer-to-peer exchange, and digital wallet, called Trust Wallet where you can store your cryptos after buying them. For those who mostly prefer mobile trading, Binance offers an advanced mobile app that is available for iOS and Android systems. Binance is a secure platform with such strong security mechanisms as 2FA, SMS, address whitelisting, etc.

How to Buy Web3 Coins Step by Step with eToro

If you believe in the future of Web3 cryptocurrencies and anticipate significant growth for them, you may want to invest in some of them. For those wondering how to buy Web3 cryptocurrencies, we have included a step-by-step guide that explains the whole process in detail. 

Step 1. Sign up for an Account with eToro

All the reputable traditional cryptocurrency exchanges and brokers require to open an online account to trade on their platforms. As eToro is also regulated, your first step is to visit its platform and create an account. There are two essential steps involved in this process. First, you must provide the necessary personal information, email, and phone number to create the account. Next, you must verify your account by providing proof of address and identity. 

Sign up for an Account with eToro

Step 2. Deposit Funds on Your Account

When you finish creating your personal account, you need to have money on it to be able to buy cryptocurrencies. Among the most popular methods to transfer funds into your account are credit and debit cards. eToro does not take any deposit fees if you fund your account in USD. For other currencies, eToro charges a small conversion fee. Other payment methods are bank transfer, Skrill, PayPal, and Neteller. 

Fund Your Account

Step 3. Search Web3 Coin You Want to Buy

Now when you have a verified and funded account, you are ready to purchase web3 cryptos. Visit eToro’s cryptocurrency market section and browse to find out what Web3 coins eToro supports. If you have decided which you want to buy simply search its name and click on the first results. eToro will lead you to a separate page designed for that coin, where you will find extra information about it, guides, and charts to help you do final analyses. 

Search the Web3 Crypto You Want to Buy

Step 4. Buy Web3 Coin

Once you are ready to buy the coin, click on the “Trade” button next to its name and choose the “Buy” window. In this window, you simply need to add the number of coins you want to purchase and complete the transaction to get the coins on your exchange wallet. 

Where to Trade Web3 coins?

As the cryptocurrency market is highly volatile, traders use the chance of gaining short-term incomes by speculating on the price changes of the coins. If you want to make money speculating on daily price movements, you will need a fast-working and cost-effective broker. In the following list, you will find the best brokers to trade Web3 coins:

Conclusion

Currently, we are in the process of adopting Web 3.0. Web3 crypto projects are meant to support this transformation and contribute to bringing the vision of decentralized internet into reality. There is a vast selection of web3 cryptocurrencies to invest in 2024 and many of them have the potential to become incorporated into the future of the Internet and have a major role in it. 

In this guide, we have introduced a list of the top recommended web3 tokens which have great potential for growth and are backed by strong teams and resources. But still, the vision of Web3 is somehow blurry and we can’t be sure of its success. It means that you must be careful when investing in the Web3 market and buy web3 coins as much as you can afford to lose. 

The best Web 3 project to buy right now is Smog, which is a brand new memecoin with massive growth potential.

Smog (SMOG) - Newest Crypto Launch

Rating

Smog token
  • Fair Launch on Jupiter
  • Free Airdrop Rewards
  • High APY Staking - smogtoken.com
  • Solana Based Meme Coin with ETH Bridge
  • Trending on DEXTools
  • Upcoming CEX Listings
Smog token

FAQs

What is the best web3 coin to buy right now?

In the last five days, the number of Web3 cryptocurrency projects is growing rapidly. We have created a recommendation list where the most popular Web3 cryptocurrencies are included. These cryptos offer various internet services to improve such fields as data storage, advertising, video streaming, etc. The top web3 cryptos to invest in this year include Smog, Wall Street Memes, Biconomy, API3, Livepeer, Theta, Polkadot, Chainlink, Filecoin, and Basic Attention Token.

How can I buy Web3 coins?

To buy Web3 coins, you must register for an online account with a trustworthy cryptocurrency exchange that supports web3 cryptocurrencies. Once you have an account, you can deposit fiat currency on your exchange account and start purchasing web3 cryptos.

What is the purpose of Web3 coins?

Web3 cryptocurrencies are created with the purpose to support the decentralization of the Internet and the transformation into the next generation of the Internet - Web 3.0.

What is the largest web3 coin in terms of market capitalization?

Polkadot is the largest web3 cryptocurrency by its market capitalization. With its current value of $7.5 and the circulating supply of 987.5 million DOT tokens, it raises a market cap of almost $7.5 billion. Other web3 tokens included among the 100 largest cryptocurrencies are Chainlink, Filecoin, Theta, Basic Attention Token, etc.