Web 3.0 is an emerging technology aimed at changing how people interact with the internet. One of its primary goals is to shift power away from a handful of large corporations and distribute it more broadly. Below are several notable Web 3.0 cryptocurrencies worth watching.
Livepeer
The video streaming sector is experiencing strong growth as internet speeds rise worldwide and the number of content creators continues to climb. Many people are unaware that video streaming is an expensive process because large amounts of data must be stored and delivered from data centers distributed across many countries.
The blockchain industry is addressing this challenge by decentralizing data storage. Instead of relying on a few centralized data centers, Web 3.0 models allow anyone to contribute resources and become part of the network’s infrastructure.
For example, individuals with a smartphone or laptop and spare bandwidth can make that capacity available to others. Several blockchain platforms provide this service, and Livepeer is among the fastest-growing.
Livepeer enables people to share their storage or processing capacity and earn Livepeer Token (LPT) when others use those resources. Like many cryptocurrencies, LPT has fallen significantly from its all-time high—recent declines have taken it down by roughly 75% from its peak.
Gala Games
The gaming industry is primed for disruption from Web 3.0. For years, gaming has been dominated by a small number of large companies that generate substantial annual profits, including firms such as EA Sports, Microsoft, and Activision Blizzard.
Gala Games is a Web 3.0 platform changing how games are created, distributed, and monetized. It empowers creators to build their own games and offer them directly to players. Players can earn rewards in the form of the GALA token as they progress through games and climb leaderboards.
Titles in the Gala Games ecosystem include Legends Reborn, Spider Tanks, and Townstar. The platform has also expanded into music NFTs, broadening its digital entertainment offerings.
The GALA token currently trades well below its all-time high; at the time of writing it was around 0.265 USD, roughly 70% under its peak value.
Basic Attention Token
Basic Attention Token (BAT) is the native token of the Brave ecosystem. Brave is a privacy-focused platform that offers a web browser, search engine, cryptocurrency wallet, and a video calling service—positioning itself as an alternative to products provided by larger companies.
With more than 50 million monthly users, Brave is popular for its speed and strong privacy features. A core part of Brave’s model allows users to earn BAT by opting in to view privacy-respecting ads served through the network.
Although BAT has fallen over 63% from its all-time high, there remains potential for recovery later in the year as adoption of privacy-focused browsing and decentralized attention markets continues to evolve.