# Top 20 Web 3.0 Tokens to Watch in 2022

Web 3.0 has the potential to completely change the internet as we know it and there are many projects worth looking at. In this guide, we review the top 20+ Web3 tokens to watch this year.

4 months ago   •   11 min read

By Mike Sak

# What is Web3?

Web3 or Web 3.0 as some people refer to it, is the proposed next generation of the internet that will be built upon blockchain technology.

Wait? Does that mean the internet will be run by cryptocurrencies? Not exactly, but they will form a major part of the financial side of Web3. At this point, you might be wondering what the first two phases of the internet even were.

Web1 took place from the early ’90s into the mid-2000s where webpages were static and the internet was used more as a consumer-facing tool rather than something for creators to build upon.

Web2 is the current iteration where the internet is widely seen as a platform with user engagement. This includes things like social media, blogs, and content creation.

While Web3 is still a ways off from being implemented, it is not a new concept at all. The term was first coined back in 2014 by the founder of Polkadot and co-founder of Ethereum, Gavin Wood. With the recent growth in popularity of cryptocurrencies, decentralized finance, and NFTs, momentum has been building behind the idea. So much so that top Silicon Valley venture capitalists from Andreessen Horowitz visited Washington DC a few months ago to pitch the idea to policymakers.

So how far are we from Web3?

It’s difficult to say, but if it does happen, it will likely be a gradual change over time.

DeFi and cryptocurrencies are starting to gain mainstream attention from major companies, and this is likely the first step towards wide-scale adoption of blockchain technology.

Which cryptocurrencies should you add to your portfolio in anticipation of Web3 coming to fruition? Let’s take a look at the top 20 Web3 projects right now and how they might fit into a crypto portfolio.

It shouldn’t come as any surprise that the biggest crypto project associated with Web3 is Gavin Wood’s own Polkadot network. Polkadot itself is one of the larger crypto projects in general as it currently ranks as the 11th largest market cap in the industry at $18.5 billion, just a shade behind DogeCoin. Many of the tokens on this list will be utility blockchains that serve a functional purpose, rather than just a store of value, like Bitcoin or the aforementioned DogeCoin. Polkadot links together different blockchains which allows the delivery of data across different networks. Until now, the two largest cryptos Bitcoin and Ethereum could not speak to each other, but now with the Polkadot protocol, they can. Polkadot’s governance token is called Dot and can be used for staking in DeFi pools to gain additional income. Another well-known crypto project, Chainlink ranks as the 22nd largest market cap in the crypto markets with a$7.6 billion cap, nestled in between Litecoin and Uniswap. Chainlink was founded in 2017 by Steve Ellis and Sergey Nazarov as a way to incentivize networks that provide data to the smart contracts that run on top of existing blockchains.

## BitTorrent (BTT)

Remember when everyone downloaded music and movies via peer-to-peer file sharing sites? Well, the name of BTT isn’t a happy coincidence. BitTorrent is alive and well in crypto form, as it was purchased by the Tron team in 2019. Tron then put out the BTT token, which incentivizes users who share the files and help to create a worldwide network.

## Nervos Network (CKB)

Here is an interesting project to watch, especially as we head into the development of Web3. Nervos Network creates applications that can easily operate against different blockchains. Nervos is also helping to make a universal system that does not require users to make translations in different wallets across different networks. It is creating an entirely decentralized application system that utilizes cross-chain efficiency in a seamless manner.

## Ontology (ONT)

Ontology is a decentralized blockchain platform that specializes in identity and data recognition. Ontology wants to implement blockchain technology at every business, allowing for an easy way to integrate the speed and security of the blockchain into the enterprise software platforms. There are currently over 100 different decentralized applications on the Ontology mainnet which makes this a prime project to work on the development of Web3. As a decentralized internet scales, we are going to need additional programs and applications that scale across different blockchain networks.

## Ocean Protocol (OCEAN)

The Ocean Protocol is a fascinating project that helps users get acknowledged and protected for their work. Essentially, the Ocean Protocol is trying to be able to provide valuable data and information to others, without it ever leaving the hands of the creator or those who hold the information.

Hive is already boasting that it is the blockchain that was built for Web3 development. It is in essence a decentralized information-sharing network. Hive is able to store a large amount of content data and tie that into time-based monetary rewards for the creators. Hive boasts lightning-fast transaction speeds and a great framework for scalability. Hive already has several Web3 decentralized apps on the market and over 126 different decentralized apps already available to users. At less than $1.00 USD per HIVE token, it is certainly one to watch as we evolve into a Web3 world. ## Golem (GLM) The Golem network is one that is used to create markets where new decentralized apps and programs are able to be funded. It is actually a pretty similar concept to Siacoin, but Golem chose to build the network on Ethereum. Rather than drive space, Golem allows users to rent out unused processing power to others who need it for their projects. Golem is only trading at about$0.30 right now, but these utility type projects will prove to be vital to creating decentralized applications in Web3.

That's it for our list of the top 20 Web3 tokens to watch. We'll be sure to keep this list updated as new, up-and-coming tokens enter the space.