Top X

3 Best Web 3.0 Coins For Infrastructure: DOT, KSM, FIL

Global interest in Web 3.0 is growing, which will bring much positive attention to blockchain and cryptocurrency. Several currencies can impact this space, which we will cover in several articles. However, Polkadot, Kusama, And Filecoin have excellent chances of becoming key players in this industry segment. 

Why Web 3.0 Gains Momentum

It is easy to see why so many people are interested in Web 3.0 and its potential. The internet is on the cusp of migrating to a blockchain-based infrastructure, giving birth to decentralized products, services, protocols, and tools. It is the next step in technology’s evolution, and Web 3.0 will put the power back in the hands of the people. As a result, analysts predict tremendous growth for this industry over the coming decade.

Whereas significant technology companies made Web 2.0 a tremendous success, Web 3.0 will remove those intermediaries once again. Technology companies aren’t always thinking of the users but rather their profit lines. With blockchain technology, applications, products, services, protocols, and platforms are no longer in the hands of a select few. Everyone builds them for everyone and makes them accessible to anyone. Web 3.0 will transcend imaginary country borders and unite the whole world. 

Polkadot Is A Crucial Cog

Although there are dozens, if not hundreds of Web 3.0 projects to keep an eye on, Polkadot is at the top of the list. The network is in a prime position to lead the transition from Web 2.0 to the next stage. Its approach to decentralizing the internet via parachains creates infinite possibilities. A parachain provides much better scaling and is a brick to weave together applications. Under Polakdot, every project can have a parachain running in parallel to the rest. 

The architecture of Polkadot lets developers experiment, create, modify, and explore to their heart’s content. Moreover, developers show a massive interest in acquiring a parachain for their projects. Unfortunately, only 100 slots are available at this time, although that number will increase in the future. 

Moreover, Polkadot (DOT) is an excellent example of self-funding development. Roughly $1 billion in assets can be used to fund the development of native projects, providing financial support for years to come. In addition, the decision-making on who is eligible for a loan or grant is handled by the community, emphasizing decentralization. 

Kusama Shouldn’t Be Overlooked

Man people see investing in Kusama (KSM) as a way to invest in Polkadot’s future. That is rather straightforward, as Kusama serves as the canary chain for Polkadot. It is a controlled environment for developers to experiment, develop, and test code before bringing it to Polkadot’s ecosystem. Before the Polkadot parachain auctions began, Kusama had multiple projects running on its code. 

Additionally, Kusama is used by the Polkadot developers to iron out any bugs and kinks before bringing upgrades to the network. As Kusama also has 100 parachains available for grabs, demand for a slot is very high. For now, one can argue Kusama is ahead of Polkadot in every regard, although that gap will tighten over time. That doesn’t mean demand for Kusama or KSM will disappear, though, as having a canary network will remain crucial to overall ecosystem development.

Filecoin Is A Potential Powerhouse

Although it appears as if people ignore Filecoin (FIL), the project is booming. Decentralized storage can disrupt cloud storage and introduce passive revenue streams to anyone in the world.  Rather than specializing in large or small data, Filecoin’s network can store any data regardless of size. Moreover, it can store private information, datasets, and so forth. All of this comes at competitive prices that make these services affordable globally. 

The FIL token is essential in this ecosystem. Anyone providing storage space can earn FIL tokens. Virtually everyone has unused space on hard drives in any device to host data. Therefore, providing more space can help one earn more tokens. These tokens can be used within the Filecoin ecosystem or sold through secondary markets.  

Moreover, data retrieval over Filecoin is straightforward due to geographical data to pair users and providers. Therefore, the network will seek a nearby provider for those looking to store data. That approach makes it easier and quicker to reaccess data. Faster data retrieval and submission to the storer will yield higher FIL rewards. 


Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: contact@cryptomode.com

JP Buntinx

JP Buntinx has been writing about cryptocurrency since 2012. His interest in crypto, blockchain, fintech, and finance allows him to cover a broad range of different topics.

Share
Published by
JP Buntinx

Recent Posts

The Number of Bitcoin Addresses Holding Over 0.01 BTC Hits A New All-Time High

While no one really enjoys seeing the bitcoin price fall, it does create an excellent…

11 hours ago

The ‘ETH In Mellieha’ NFT Changes The Concept of Using NFTs to Claim Asset Ownership

There are many types of non-fungible tokens to explore. Some favor the collections, whereas others…

14 hours ago

Crypto Community HeritageDAO Seeks to Acquire Korean National Treasures

Singapore, Singapore, 26th January, 2022, ChainwireThe sudden birth of HeritageDAO,$HDAO, was the response of the…

15 hours ago

Challenge Your Poker Skills with CryptoGames’ Video Poker!

When you think of Gambling, often a room full of serious gamblers sitting at a…

17 hours ago

Capitrade Launchpad Aims to Be the Pioneer of Luna Based Decentralized Fundraising Platform

Capitrade Launchpad operation level and mechanism ensures every tier level gets allocated. Capitrade Ventures has…

17 hours ago

MyCointainer Raises $6 Million in Seed Round to Develop Its Yield Earning Platform

Tallinn, Estonia, 26th January, 2022, ChainwireMyCointainer, a platform for easy yield staking, announced it has…

23 hours ago