7 Best Web 3.0 Coins to Buy in February 2022

It has been nearly 20 years since the modern internet, popularly called Web 2.0, emerged. However, as technology involving the sharing and managing of data continued to evolve, especially thanks to the development of blockchain technology, many now believe that the internet is ready to take the next step in its evolution and move on to Web 3.0.

The technology necessary for it to happen is not quite there yet, but it progresses towards it with every new update, every new breakthrough, and every new project dedicated to achieving it. Right now, the crypto industry already has numerous Web3 projects, and as the awareness of their efforts continues to spread, more people are drawn to them and the idea of the decentralized internet. With that said, here are some of the leading projects in this regard, which you may want to consider investing in this February.

1. Helium

The first on our list is Helium, which is a blockchain network that focuses on the Internet of Things (IoT) sector. As many likely know by now, the IoT is a name for many different devices dedicated to all kinds of purposes that can be connected to the internet. From sensors and cameras to smart devices used to set up smart homes, and all kinds of other things and gadgets.

The project’s goal is to create a new type of network that would allow these devices to connect to the internet and communicate to one another. To do it, the project uses its community members, allowing them to add their devices as Hotspots that would distribute their regular internet connections.

As a result, IoT devices could connect to this boosted version of the internet and send their data directly to the blockchain, even in areas where cellular networks or regular Wi-Fi is not provided. In return, those who use their devices in such a way will simultaneously be mining the project’s native cryptocurrency and keeping it as a reward for their contribution.

To learn more about this token visit our Investing in Helium guide.

2. Polkadot

Next, we have Polkadot — an open-source multichain protocol that may very well be the project that set the foundation for the future Web3. Polkadot originally emerged to tackle the scalability issues of the crypto industry, after seeing how much Ethereum is struggling with it, and how badly it reflects on the height of its fees.

Polkadot invented its own solution — parallel chains called parachains, that run alongside its main blockchain and take away a portion of the work that the blockchain has to complete. In doing so, they ensure that the main chain is not overburdened, which helps the network remain fast.

However, Polkadot’s parachains also allow the project to connect to other blockchains and tie these previously isolated ecosystems into a massive blockchain network, with Polkadot itself in its center. Essentially, it is trying to connect all blockchains into one internet, which is pretty much what Web3 was imagined to be.

To learn more about this token visit our Investing in Polkadot guide.

3. Ocean Protocol

In the third spot, we have Ocean Protocol, which is a blockchain-based ecosystem dedicated to supporting individuals and businesses who wish to take over control of their data and monetize it. As mentioned earlier, data is the most important and most treasured asset today, and as such, it is sought by every entity online.

Companies want it for advertisement purposes, governments want it in order to detect potential threats, and hackers want it for the opportunities to rob people of their money. The worst part is that all the data that these entities want to collect is out there and ripe for the taking, with the users to whom it belongs to being unable to do anything about it.

Well, Ocean aims to change that by empowering the users and granting them ownership and control of their information. It wishes to solve the Web2 data problem and have it completely eliminated in Web3. To do it, it will let users decide who will be able to see their data, when, for how long, and alike. On top of that, those who wish to access user information will have to compensate them for it.

To learn more about this token visit our Investing in Ocean Protocol guide.

4. Theta Network

Halfway down the list, we have Theta network – a blockchain-powered network created for video streaming. The network’s mainnet functions as a decentralized network in which users can share bandwidth and computing resources on a P2P basis. As such, the project aims to take away the share of the market from streaming giants and make video-streaming decentralized.

The streaming industry in its current form is 100% centralized, features a rather poor infrastructure, it costs end users too much, while creators are rewarded very little for all their effort. In other words, it is a poor overall experience that comes at a rather high cost, which is something that Theta Network means to change.

Its plan for doing so is to remove barriers between content creators and their viewers. The project will rely heavily on the use of its token, THETA, which will be used for various governance tasks.

To learn more about this token visit our Investing in Theta Network guide.

5. Chainlink

Moving on, we have Chainlink. Chainlink is a very important project for Web 3.0 thanks to the fact that it was the first to develop a very important solution that removed the issues smart contracts were facing throughout the blockchain industry.

As you likely know, smart contracts are self-executing digital contracts built on the blockchain that allows for the creation of all other blockchain products, including dApps, DeFi protocols, NFTs, and more. However, in order to be able to function and self execute when the need comes, they must first know that the terms of the contract have been fulfilled. Unfortunately, there is no way for them to know it, since the blockchain ecosystems are isolated and they exist in their own little bubbles.

Chainlink developed an oracle network that solved that by collecting data from the real world using multiple sources, comparing that data for authenticity, and then feeding it to smart contracts, thus granting them the necessary information that lets the contracts decide whether or not the terms have been met.

Chainlink can use the same principle to share the data between different chains, and essentially, enable interoperability for the project it was integrated with.

To learn more about this token visit our Investing in Chainlink guide.

6. Kusama

Next up, we have Kusama, which is a blockchain project that acts as a canary network for new projects and protocols. Essentially, it was made to offer a highly-scalable and interoperable framework for developers who are looking to introduce new ideas and concepts in a way that was never seen before.

Instead of testing these protocols on top of the projects’ mainnets and potentially clogging the network, they can turn to Kusama, which uses a nearly identical codebase as Polkadot. In fact, many consider it to be a clone of Polkadot, or at least its “wild cousin.” The value of the network for the developers is quite clear, but it is worth noting that it is also quite an opportune network for investors, as well.

As a testing ground for new concepts, it allows investors who are waiting for new opportunities a perfect chance to learn of the freshest projects, some of which carry great potential. If the investors keep a close eye on what is being developed and tested on Kusama, they can easily uncover hidden gems of the crypto industry that have yet to go live. They can then invest in such projects early and reap a profit once their prices skyrocket after the rest of the crypto world realizes the new projects’ value.

To learn more about this token visit our Investing in Kusama guide.

7. Filecoin

Last, but not least, we have Filecoin. This is a project that functions as a decentralized storage system, and one that has the potential to replace modern-day cloud storage services. The project’s developers became very intrigued with the blockchain’s capacity for storing information. Not to mention that all stored information is transparent and fully immutable. The project sees this method of storing important data as a very futuristic way to do it, and it fully supports it.

Filecoin sees the future of information as a very important matter, and it is not wrong. However, it also concluded that there are no adequate ways for the data to be stored safely, which is why it invented its own. Developed in 2014, Filecoin started out as an incentive layer for the interplanetary file system, acting as P2P storage that allowed storing data in a decentralized way.

In its essence, it doesn’t differ much from how cloud storage works, only cloud storage is fully centralized, while Filecoin’s design does not feature any centralized authority that would have control over the system, or data stored within.

To learn more about this token visit our Investing in Filecoin guide.

Conclusion

With that, we conclude our list of the top 7 Web3 coins that you can buy right now. With Web3 being the biggest obsession of the crypto industry right now, it is likely that projects that work on making it happen will attract a lot of attention in the near future. Everyone seeking new opportunities will start looking into them, trying to find the one with the greatest amount of potential, and we believe that all of the coins featured above fit that category.