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Highlights
- Web 3.0 tokens have seen a massive rise in value this year alone.
- Web 2.0 content was targeted towards a large group of people, whereas, content in Web 3.0 will be directed to the individual.
- An example of a Web 3.0 token is Livepeer, the first fully decentralised live video streaming network protocol.
The internet is still a relatively new part of human history, yet it has become a huge and important aspect of our lives. Since the mid-nineties, the world has seen two versions of the internet. We are now in the third installation of the internet, Web 3.0.
But what is it, and why does it matter?
A Brief History of The World Wide Web
Although the World Wide Web began in 1989 by British computer scientist Tim Berners-Lee and his colleagues at CERN, it wasn’t made public until 1993. This is what we know as Web 1.0, in which websites had very little functionality.
What is Web 3.0? What are the top tokens?
Web 1.0 rolled over to Web 2.0 in 1999, and content consumers were encouraged to become content creators. It allowed individuals to publish articles and comments, and users could create accounts on different sites, which ultimately encouraged participation as the Internet continued being adopted worldwide.
This period, from the turn of the century till now, has been characterised by apps, social media platforms and a group of centralised companies (think Google and Twitter).
What is Web 3.0?
Web 2.0 content was targeted towards a large group of people. In Web 3.0, the content will cater to the individual as the internet becomes smarter and more autonomous.
Perhaps more importantly, however, the Internet will become more decentralised where users will be able to interact with data. In this version of the web, we’ll also see an increasing need for artificial intelligence as well as the utilisation of the semantic web.
As such Web 3.0 can be defined as data being used in a decentralised manner, using networks used to develop blockchain and cryptocurrencies.
What Are Web 3.0 Tokens?
Most people are aware of the main cryptocurrencies like Bitcoin and Ethereum, perhaps Dogecoin. But most people aren’t familiar yet with Web 3.0 tokens. Even so, Web 3.0 tokens have seen a massive rise in value this year alone. Web 3.0 tokens are tokens connected to Web 3.0 based applications on the blockchain.
Some of the most prominent Web 3.0 coins include:
Livepeer (LPT)
Livepeer is the first fully decentralised live video streaming network protocol. The platform aims to become a viable blockchain-based, economically efficient alternative to centralised broadcasting solutions for all new and existing broadcaster companies.
LPT began 2021 with a price just under US$1.50 and today is priced at around US$35.50, a YTD increase of over 2,000 percent.
Helium (HNT)
Launched in July 2019, the Helium platform allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Helium aims to improve the communication capabilities of wireless devices.
HNT began the year priced around US$1.30 and is now around US$43.30 – an YTD increase of over 3,000 percent.
BitTorrent (BTT)
BitTorrent is a popular peer-to-peer file sharing and torrent platform which has become increasingly decentralised in recent years. It began in 2001 and was purchased by blockchain platform TRON in 2018.
Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency.
BTT has grown over 1,000 percent this year.
