Have you heard about the next big thing in the world of the Internet? It’s called Web3, and it’s about using blockchain technology and decentralization to power the next generation of the Web. These things are getting a lot of attention lately, and savvy investors should keep an eye out for the best Web3 stocks.

Web3 is focused on creating a smarter, more connected Web using machine learning, blockchain ledgers, and decentralized processing. As the industry around Web3 grows and more money flows into it, it’s a good idea for investors to keep an eye on the infrastructure being built to support this growth. This includes things like cryptocurrencies, NFTs, and decentralized finance projects. Web3 is going to be huge and you won’t want to miss it as it progresses.

So I’m going to show you three key stocks that should be in your portfolio if you expect big things from the Web3 revolution. You’ll even see the top cryptocurrency in the world of Web3 applications.

Go!

coin base

The digital currency exchange world coinbase (CURRENCY 16.30%) allows users to buy, sell, and store cryptocurrencies. As a centralized platform with 108 million users, Coinbase is not directly related to Web3, which focuses on decentralized technologies. However, Coinbase supports owning and trading various cryptocurrencies that are created on decentralized platforms and are considered to be actively participating in the Web3 ecosystem, such as Ethereal (ETH) 5.73%) Y Moles (POINT 5.80%).

Furthermore, Coinbase has expressed interest in exploring the use of decentralized technologies and has made some acquisitions in this space, so it is almost inevitable that the company will become more involved in the Web3 ecosystem in the future. The Coinbase mobile app already supports decentralized apps and Web3 content.

Until now, the company sees itself as a bridge between the online content and financial systems it knows and the Web3 alternatives. I hope that ambition evolves over time. You should see Coinbase appear often as the Web3 system grows.

international business machines

This shouldn’t come as a surprise, but IBM (IBM) 0.93%) has offered blockchain-based services since 2017. Big Blue has been helping startups, businesses, and everything in between take advantage of decentralized ledgers of data for years. The company is currently hiring sales representatives, data scientists, and consultants with specific expertise in Web3.

This tech giant will not be left behind by the next sea change in Internet technologies. IBM is more likely to lead from the front line. Management doesn’t mention this opportunity very often, but that will change as the Web3 world begins to come into focus.

Unit

You know Unit Technologies (your 10.02%) as a manufacturer of development platforms for immersive video games and digital movies. The company is expanding its target market on the fly, including development tools for Web3 applications.

On last February’s fourth-quarter earnings call, Unity CEO John Riccitello said his company is “making the tools for building, for operating, and we’re going to bring them in to support, first of all, every type of Metaverse or Web3 application you can imagine.”

That’s how it is; a new generation of online applications will require an updated user interface. Some of the Unity powered Web3 applications may be improved menu systems with better graphics. In others, you’ll use your virtual reality headset or smartphone to walk into digital worlds, giving a hands-on feel to your online experience.

App developers should be lining up for a set of tools that will engage users more deeply with their product. That’s precisely what Unity does best, and I can’t wait to see how the Web3 experience takes advantage of immersive virtual worlds.

Crypto Bonus: Polkadot

This discussion can’t be complete without a quick nod to Polkadot.

Sure, many Web3 applications will take advantage of smart contracts on the Ethereum network. But other blockchain networks can perform certain functions better, faster, and more securely, and some of them can do things that Ethereum isn’t equipped to do at all. For example, you may want your Ethereum smart contracts to react to data published by external sources like AccuWeather or the Associated Press. Polkadot makes it easy to leverage those external data sources, providing digital connections from the data post Link of the chain (LINK 7.10%) blockchain system to its Ethereum contracts.

The main idea of ​​Polkadot is to allow each blockchain or cryptocurrency network to do what it does best, giving application developers a simple, unified platform that takes full advantage of many separate crypto assets. If that sounds like a perfect fit for the ideas behind Web3, you’re on the right track. You see, Polkadot is the “flagship protocol” of the Web3 Foundation, founded by the same people to support the same vision.

So if you believe in Web3, you should at least be familiar with Polkadot’s place in the next-gen ecosystem. You might also want to own some Polkadot, as this utility token should gain value as the Web3 vision moves into the mainstream.