Do you want to invest in Web3? Look no further than this cryptocurrency

The invention of blockchain and cryptocurrency has already shaken up the world of finance and it likely has more in store yet. But this technology can disrupt multiple industries and could pave the way for innovation in music, art, and even the Internet. Fortunately for investors, this future turmoil can be a lucrative opportunity.

A new era of the Internet known as Web3 is only in its infancy, but it has made considerable strides in 2022 and is taking advantage of the benefits that come with blockchain and cryptocurrencies to create a more open, decentralized, and secure Internet.

The next iteration of the Internet aims to be the antithesis of the current Web2 we find ourselves in, where user data is anything but private, big tech companies call the shots, and protocols remain behind closed doors. With Web3, the Internet will give power back to its users and allow them to rewrite the rules of the game.

This revolution will also be profitable. By 2030, it is estimated that the collective value of Web3 could be over $33 billion and have a compound annual growth rate (CAGR) of nearly 45%. If we’ve learned anything about how lucrative the Internet is, this number might actually be underestimating the potential of Web3.

Because the backbone of Web3 uses blockchains, investors can make a profit by investing in the cryptocurrencies that run on them. But out of the thousands of cryptocurrencies, there is one in particular that seems to be outpacing the competition and laying a solid foundation to become an industry leader.

Web3 already has a leader

known as Polygon (MATICA 1.56%), this blockchain has already established itself as a Web3 powerhouse with its unique functionality. Polygon is technically a Layer 2 blockchain, which means that it processes transactions on its own blockchain and then adds them to the Ethereal blockchain at a later date.

Its compatibility with Ethereum is highly sought after by developers due to its popularity, but also because it is extremely decentralized and secure. But this popularity sometimes bogs down Ethereum and slows it down to a trickle. With Polygon, this becomes a thing of the past.

Polygon’s potential is only beginning to materialize. And despite the crypto winter gripping the asset class for much of 2022, the Layer 2 blockchain made great strides in developing its vision to become a Web3 leader.

Like any business, hiring the right people is half the battle, and Polygon has played crucial roles over the past year. It has attracted employees from other industry leaders such as Amazon, airbnbY Alphabetit’s YouTube.

Polygon is in the process of launching its latest innovation, known as ZK rollups. Scheduled to ship this spring, ZK rollups will help Polygon scale to support more use cases without sacrificing speed or increasing transaction fees.

And based on new partnerships made in 2022, it looks like blockchain will have more and more users. More than any other blockchain, Polygon became the undisputed leader in helping companies dive into Web3 for the first time.

It’s a long list of associations, but some of the most notable include starbucks, metaplatforms, Coke, walt disneyY JPMorgan Chase.

Despite having one of its best years, Polygon was still a victim of the crypto winter that gripped the market for much of 2022, as its price fell more than 70%. However, while that may sound alarming to potential investors, there is a silver lining. Unlike other blockchains that lost market share during this bear market, Polygon’s share increased and it moved into the top 10 most valuable cryptocurrencies.

Even with the recent rise in prices, Polygon is still more than 60% below its all-time high, but this should be seen as an opportunity. As the popularity of Web3 grows and more companies begin to pursue the opportunities the technology presents, Polygon is poised to become the leading blockchain for the new internet age.