Web 3.0 is a new generation of internet platforms created using blockchain technology and decentralised networks. These platforms, often referred to as dApps, can be a variety of things, including currency exchanges, storage facilities, developer tools, and games.
The Web 3.0 space is expected to witness significant growth over the next few years, meaning there are plenty of opportunities for those looking to invest in high-potential projects. Here are some top web 3.0 crypto tokens to invest in for 2023.
1. Metacade (MCADE) – Best Overall Web 3.0 Crypto Token
Metacade aims to become the first virtual gaming arcade to appear on Web 3.0. It looks to be a one-stop shop for gamers and developers to collaborate to build one of the best GameFi and play-to-earn gaming hubs on the metaverse. Metacade is a place where gamers of every ilk can congregate to play casually with friends and family or enter tournaments and look to climb leaderboards of a vast range of games.
Metacade isn’t simply a P2E hub, although it does benefit from excellent earning potential in that regard. There are several other opportunities for users to earn MCADE tokens, the cornerstone of the project’s economy. These include:
- Earning rewards through gaming reviews
- Winning regular prize draws
- Staking MCADE tokens on the platform
- Providing feedback to developers through testing
It isn’t just gamers that stand to benefit from Metacade’s unique and revolutionary roadmap. Developers can apply for Metagrants, a funding route that enables them to receive funding to support their new gaming projects. Each funding application is voted on by the community’s users, meaning that only the games that gamers truly want to see make it into the arcade. Users also stand to benefit through the development process, with the potential for testing and feedback sessions earning them MCADE coins later in the platform’s lifecycle.
This is one of Web 3.0’s most ambitious projects, offering investors enormous potential for returns. The presale is still in progress, with 125 MCADE currently available for $1. The final and ninth round will see 50 MCADE per $1 investment, with price increases at every presale stage. This means that the best gains are available for early investors, even before the presale ends.
>>> You can participate in the Metacade presale here <<<
2. Decentraland (MANA)
Decentraland is a Web 3.0 crypto coins real estate project using Web3 protocols to provide users with a 3D metaverse ecosystem. Once users have built on their plots, they can either utilise them, trade or purchase other plots.
The ecosystem is built on the Ethereum blockchain and offers users LAND, an NFT representing a digital real estate plot minted as an ERC 721 smart contract. Decentraland is made up of more than 90,000 individual LAND plots. Users wishing to create a virtual property portfolio can combine multiple LAND NFTs to create an Estate.
MANA is the host currency of Decentraland, with all transactions involving these NFTS being conducted via MANA. Users can stake MANA in other projects on the platform and can vote to ensure the network’s security and maintenance.
Although Decentraland suffered a significant loss in value during the bear market of 2022, it remains a popular go-to place for metaverse real estate plots. If the market improves, as many analysts expect in 2023, MANA could be a very sound Web 3.0 crypto coins investment.
3. Ethereum (ETH)
Ethereum is one of the original smart contract-based blockchains and has grown to become one of the leading blockchain providers on the market. It is an open-source chain that supports the creation of dApps and DeFi networks, making it the most widely used blockchain network.
This has helped ETH become one of the best web 3.0 crypto coins and has ridden the wave of competition from several newer blockchain providers to remain a market leader. A recent merge and update have seen Ethereum significantly improve its transaction speed and capacity as well as reduce its energy usage, gaps that competitors saw in their previous offering that they sought to exploit.
This switch from a proof-of-stake (PoS) concept to a proof-of-work (PoW) consensus has helped Ethereum remain the blockchain of choice for some of the biggest NFT marketplaces in the crypto world. These include OpenSea, which offers the wildly popular Bored Ape Yacht Club collection of NFT tokens.
Ethereum’s bounce back from these challenges means that it remains one of the most significant altcoins in the marketplace, with a massive market cap of $156 billion. For those looking for a sound Web 3.0 crypto coins investment, Ethereum remains an excellent choice.
4. Dash 2 Trade (D2T)
Dash 2 Trade is a new Web 3.0 crypto coins project that is currently in its presale stage. It defied all expectations upon its presale release, raising more than $400,000 in the first 24 hours. It now has more than 70,000 investors who have raised $6 million. This shows how much D2T has captured the imagination of investors globally and made it such an enticing Web 3.0 crypto coins investment opportunity.
A new trading platform that uses signals from socials to help inform market conditions, Dash 2 Trade aims to become the number one tool for crypto investors to use to help them make the most informed choices possible.
Among the features are analytics to highlight on-chain trends, a strategy builder and built-in backtesting capabilities, alerts for new listings on the exchange and tip-offs for the best and most enticing pre-sales opportunities.
With 87,500,000 tokens available in each of the next six presale rounds and the value of each D2T token increasing with each round, Dash 2 Trade looks like one of the best Web 3.0 crypto coin investments to make in 2023.
5. Solana (SOL)
Created as a solution to the challenges faced by Ethereum, Solana’s primary goal is to deploy smart contracts and support the creation of DeFi protocols and dApps. The main benefit Solana provides users is its high-speed, low-cost transaction offering.
Solana’s real strength comes from the speed it can conduct transactions, with a capability of up to 65,000 transactions per second (TPS) and a meagre cost of $0.00025 per transaction. For context, this is a much lower cost than merchants would pay using Visa or Mastercard to process their transactions. Solana’s high processing speed comes from its unique combination of proof-of-stake (PoS) and proof-of-history (PoH) consensus.
Solana reached an all-time high (ATH) in 2020 of $260, having grown from $1 at the beginning of the year, making it one of the fastest-growing altcoins ever. This ATH shows the potential for SOL to grow during the next bear market from its current value of $18 with a market cap of $6.5 billion. With market-leading numbers in terms of transaction speeds and low cost, investors can gain returns when purchasing SOL Web 3.0 crypto coins at this discounted level as we move into 2023.
6. Filecoin (FIL)
Filecoin has been created as a decentralised alternative to the server storage market dominated by the tech giants Google, Amazon and Microsoft. These multi-national tech behemoths have a near-monopoly on the centralised storage market that allows them to increase charges without offering customers anything more for their money.
Filecoin’s offering allows users to buy storage space using the FIL token they can use to rent to other users for a fraction of the charge they’d have to pay for data centre real estate. Space providers compete to offer storage for the lowest possible price, something that has seen storage costs less than 1% of those provided by Google and co.
In addition, Filecoin offers simple scalability solutions and creates global storage networks that, unlike physical data centres, have multiple entry points. This ensures a vastly more secure network that is much more immune to hackers. Other benefits include a reduction of the environmental footprint since storage can be offered without the need to find space to build more physical data centres continually.
Storage provision with Filecoin is increasing by around 20% each month, a growth which is making FIL an excellent Web 3.0 crypto coins investment option ahead of 2023.
7. Yearn.finance (YFI)
Yearn.finance provides users with decentralised finance products that are used to access passive income via crypto markets. Hosted on Ethereum’s blockchain, Yearn.finance is one of the leading Web 3.0 DeFi products that offer yield generations, lending aggregation and insurance.
The vaults are the platform’s main feature. These are pools that provide returns against stakes depending on market conditions. Another excellent feature is Earn, a lending aggregator that connects with different exchanges to find the best possible interest rates for users to exploit. In addition, Yearn can provide finance through loans and credit checks to investors allowing them access to good-level credit using YFI tokens.
Initially, a surprising Web 3.0 crypto coins success story in the early part of 2022, YFI did tumble, which would have hurt many early investors. However, recent signs suggest that YFI is beginning to recover. With investors looking to hit the market early as 2023 approaches ahead of a predicted bull market, now could be the perfect time to invest in YFI Web 3.0 crypto coins at a discounted price.
Metacade is The Number One Pick for Best Web 3.0 Tokens
While each of the seven Web 3.0 crypto coins listed looks to be a potentially excellent choice for investment as we move into 2023 and beyond, Metacade is the one that stands out for overall potential profitability and long-term growth.
Not only is Metacade a project in its infancy, meaning that there is significant untapped potential into which it can grow, but the plans outlined by Metacade show that it could easily grow into a multi-dimensional platform that offers so much more than just a gaming hub. With its plans to become a DAO, giving autonomy to its community, it stands to reason that the number one GameFi platform for the next generation could well be derived from its users.
From simple gaming through to development, different income-earning streams to enticing job opportunities, Metacade will be a fascinating, multi-layered project with several exciting strands throughout. This together makes Metacade’s MCADE token the top selection as the best Web 3.0 crypto coins to invest in for 2023 and beyond.
You can participate in the Metacade presale here.