Top 5 Web 3 Crypto Projects To Have In Your Investment Portfolio In 2022

“Web3 is the internet owned by the builders and users, orchestrated with tokens,” said Chris Dixon, general partner at VC Andreessen Horowitz. The crypto projects about web 3.0 are considered a hot trend in 2022 and may offer you huge benefits.

In this article, I will share with you top 5 web 3 crypto projects that you should get under radar in 2022.

Polkadot (DOT)

Standing at the first position of the top web 3 crypto projects is Polkadot. According to CoinMarketCap, DOT is the 11th largest cryptocurrency by market capitalization ($21 billion), with a value of $21.55 per token in February 2022.

The project was developed in 2016 by Gavin Wood, Robert Habermeier, and Peter Czaban and is backed by the Web3 Foundation. It is a Web3 platform where users have ultimate power and is completely decentralized.

Polkadot has a primary chain called "Relay Chain" that is built as its Layer 0, and to improve network scalability, there are Parallel Chains known as "parachains" that are built as Layer 1 blockchains that are connected to the main chain and can be connected to other networks via bridges.

In the last months of 2021, the first five parachains were made available on the network via various auctions, which contributed to the price reaching an all-time high. As more parachains are introduced this year, we should expect the price to rise in response.

FileCoin (FIL)

According to CoinMarketCap, FIL is the 41st largest cryptocurrency by market capitalization ($3.7 billion), with a value of $23.79 per coin in Feb of 2022.

Filecoin is one of the top web 3 crypto projects you may take a look at. Juan Benet founded the project in 2014; it is a decentralized storage network in which customers pay storage miners FIL tokens to store their data securely and correctly.

They will introduce FileCoin Plus in October 2021, allowing storage providers to connect with verified clients. According to their official Twitter account, Inflow music will be published next month, along with a social token network from which fans will benefit by supporting the artists.

Helium (HNT)

According to the data in CoinMarketCap, HNT is the 44th largest cryptocurrency by market capitalization ($3.2 billion) with a coin value of $29.42 after achieving an all-time high of $52.71 in November 2021.

Shawn Fanning, Amir Haleem, and Sean Carey founded the project in 2013. It is a decentralized wireless network in which IoT devices act as Hotspots and earn HNT tokens when data is exchanged.

The Helium team just teamed with FreedomFi, a 5G network builder, and attended the Consumer Technology Association in Las Vegas last week.

Theta Network (THETA)

According to CoinMarketCap, THETA is the 40th largest cryptocurrency by market capitalization ($3.3 billion) with a coin value of $3.31 after achieving an ATH of $14.28 in April 2021.

Mitch Liu and Jieyi Long founded the project in 2017, and it is a decentralized video streaming platform that uses a network of hundreds of computers around the world to stream high-quality video.

According to their official website, Theta Network has major partners such as MGM, Lionsgate, and NASA, and they plan to supply airdrops and an NFT-based video platform in 2022.

BitTorrent (BTT)

The last option in the collection of the best web 3 crypto projects you may consider adding to your investment portfolio is BitTorrent. After reaching an all-time high of $0.01 in April 2021, BTT now gets a value of $0.0000022 per token.

According to its official website, the project was developed by Bram Cohen in 2001, however it was bought by the TRON Foundation in 2019. It is the world's largest decentralized file-sharing protocol that employs its native token BTT, which can be earned by seeding files.

Although these five currencies have fallen more than 30% from their all-time highs, the Web3 fever appears to be just getting started; these are only five initiatives, but there are many more in the works to develop this new era of the internet.