None of us are new when it comes to the internet. We know it as a gigantic bank of information that seems to keep on giving. Billions of people around the world have moved with the web as it was invented and then reinvented. Internet users have gone from absorbing readily available information (Web 1.0) to creating and contributing information (Web 2.0) and are now in the upcoming throes of a decentralized system (Web 3.0).
There is no doubt that Web 3.0 is almost, if not already, here. Bill Gates hinted at this possibility in 1996, and Twitter CEO Jack Dorsey confirmed it last year. With the race increasing to see who can make the most bank out of the Web 3.0 revolution, companies are toppling over each other to invest and catch up. Microsoft went so far as to lay their beloved Internet Explorer to rest so they could create a new browser that will help them profit from Web 3.0.
The real question then arises: how do you stand to profit from this decentralized future? There are a lot of ways you can get your foot in the door as Web 3.0 is ushered in. Before we dive into profit-making methods, let’s go through a quick recap of what Web 3.0 is.
Recapping Web 3.0
The internet we use today is the second iteration of the web, namely Web 2.0. This is the internet of endless content and data. However, it works through a centralized monopoly of companies that dictate how users access and use any and all platforms. Think tech conglomerates, like Apple, Amazon, Google, Twitter, and more. Users are able to create and post their own content, interact with each other, and use e-commerce services, but none of this is really in their control because Web 2.0 works on consumer shared data. Users see what they “want” to see, or better put, what companies want them to see.
Web 3.0 is the “Internet of Things” and it works on a decentralized model using new techs, like blockchain, NFTs, and DAOs. What’s more, it puts the control in users’ hands, meaning users can use the web how they want to, by sharing only information that they want to. The idea is that users will be rewarded for any information they decide to share and will be able to access whatever it is they want rather than what companies want them to.
How to Profit from Web 3.0?
Keeping this distinction in mind, let’s take a look at how you can profit off of the coming revolution.
Invest in Web 3.0 Stocks
There’s a new gold rush as far as investing in Web 3.0 goes. Several big-name companies, including Meta, Nike, Apple, Microsoft, and more have already started investing in Web 3.0 in various ways. Some are creating metaverses, others like Coinbase are doing it through DAOs (i.e., allowing users to lend cryptocurrency), while others still are exploring blockchain-based solutions for individuals and businesses. Here are 3 companies to keep a lookout for if you want to invest in Web 3.0.
- Meta: Facebook changed its name to Meta and is actively working to become a pioneer in the metaverse, a virtual world that allows users to buy property, create avatars, interact, display leased or owned NFTs, and do a lot more. Meta also bought out Oculus (VR gaming startup) in the past for $2 billion, indicating that they’re diving into Web 3.0 headfirst and are planning on monetizing the virtual space.
- Intel Corporation: Intel is working hard to create and provide reliable tech that allows users easy access to the blockchain. They have their own blockchain platform called Sawtooth which boasts an airtight ledger, ensuring that businesses can operate in a safe online environment.
- Coinbase: Coinbase, a crypto trading platform, is investing in an NFT marketplace and aims to become the only centralized platform for crypto and NFT trading. They’ve amassed over $3 billion in net income over the past year alone, showing they would be a good bet to invest in.
Other than the above three companies’ stocks, there are many other potential companies’ stocks where you can invest to profit from Web 3.0, such as Nvidia, IBM, AMD, and the list goes on. In short, purchasing web3 stocks is one way to profit from Web 3.0, but it will be a long-term investment.
Mint or Flip NFTs
One of the best ways to get into Web 3.0 is by making full use of NFTs. There are a lot of possibilities here, from creating your own rare NFTs to buying and selling, i.e., flipping them for record profit. A lot of independent creators and companies have made money selling unique art pieces, gaming videos, sports highlights, and more. In short, the NFT revolution will only continue to grow with time.
Join a DAO Startup
Web 3.0 will allow startups to follow a Decentralized Autonomous Organization (DAO) model, meaning the whole entity will be managed entirely by its members. The absence of a centralized system means that every member feels they have a key role in the startup, thereby increasing trust. Anyone who works in a DAO is rewarded for their contribution and can reap dividends from their investment. The whole thing is regulated by machines, ensuring members won’t be robbed of their payments and can keep a track of them.
Easily Download Images
Platforms for video sharing, for example, Dailymotion and YouTube are incredibly popular sites because they allow free streaming of videos, films, songs and whatnot for the sole convenience of their viewers. Given that these platforms are free to use. Assuming that these platforms run free of cost, you must be thinking for what reason you need a Pinterest video downloader.
It increases the speed of the downloading procedure. Another advantage is that consumers may choose the resolution they want to download. Don’t worry if you believe the download is failing because the video’s size is too huge; simply choose a lower resolution. Video enthusiasts like me and you may easily download and store videos by just hitting a button, and then play them whenever and as many times as you like.
Is Web 3.0 Too Good to be True?
Web 3.0 represents a glorious future for internet users or at least that’s the idea behind it. Several criticisms of the upcoming decentralized web may deter people from wanting to invest. One of them is that since all of this tech is new and rapidly changing, it’s difficult to keep up with it. Another is that blockchain networks and tech are currently handled by a few people and companies, namely early adopters and risk-loving venture capitalists. There is no widespread access for the public and Web 3.0 is therefore not beneficial for absolutely everyone.
However, despite its problems, Web 3.0 has a ton of potential. A decentralized internet that puts the power back in users’ hands is something most of us have only dreamt of. And while it’s true that not everyone will be able to profit off of it, it’s also true that those who get a jump start will find themselves many dollars richer. Because whichever way you slice it, Web 3.0 is the future and it’s best to get ahead of the profit game as soon as possible.