Considering how much the current internet infrastructure has impacted the way the world runs, especially economically, it’s important to gain foresight on how Web3 is affecting the socio-economic landscape. Multiple big tech companies have started to incorporate Web3 into their innovations for the future. Along with these, new crops of companies built on Web3 technology are rising well on the path to becoming potential tech giants.
With rising innovation and efforts to help shape the future of the internet comes fresh investor interest and investment opportunities with the highest prospects available to the modern world. Not only have cryptocurrencies gained popularity, but NFTs and decentralized financial initiatives have exploded in traction, attracting billions of dollars in venture capital.
One massively underexplored way to profit from the rise of Web 3.0 is to keep a close watch on the infrastructure being constructed to support decentralized growth as the industry matures. People who are interested in gaining early exposure to the development and establishment of Web3 might want to think about doing so through the stock market.
Top Web3 Stocks to Look Out For in 2022
There are quite a few companies with Web3 prospects to look out for from a variety of industries and sectors. The versatility is great since it enables investors to reduce the risk associated with their exposure to a specialized market by owning a diverse portfolio of Web3 equities.
Block
Block, formerly known as Square, was founded by Jack Dorsey (former Twitter CEO). A prominent company in the field of financial technology, its infrastructure offers options for payments made peer-to-peer (P2P), at points of sale (PoS), and with cryptocurrencies. The factor of Web 3.0 that protects users’ data privacy and ensures its security is likely to further stimulate economic expansion within the company’s framework.
Nvidia
The technology developed by Nvidia is well-positioned to drive the evolution of Web 3.0. For example, its chips make it possible for crypto miners to carry out the necessary activities that keep blockchain networks operational.
Nvidia is currently working on developing advanced artificial intelligence chips that are capable of running new Web 3.0 applications and platforms. In addition, the company has just recently introduced Nvidia Omniverse, a platform that was developed specifically for Web 3.0 developers to use in the construction of metaverse products.
Fastly
With Google’s interest in acquiring Fastly, the company’s stocks have continued to rise despite the recent stock decline. The acquisition of Fastly’s content delivery network infrastructure is a move that makes perfect sense for Google given the fact that it would assist customers in managing data traffic and web content.
Apple
Apple has long been regarded as a leader in the consumer technology market due to the success of its mobile media and communication gadgets. At the moment, the company’s management is working on leveraging Web3 development to innovate its infrastructure and very likely its devices. Even though the company put back the release of the Apple VR headsets. The company has performed impressively over the years and is a great stock option, even outside Web3.
Coinbase
In addition to being one of the largest cryptocurrency exchanges on the planet. Coinbase also provides a wide range of additional Web3-related services, including an NFT marketplace. This includes hosting a recently introduced NFT marketplace. This spells great news for Coinbase’s prospects in operating at the forefront of the Web3 ecosystem, particularly in light of the fact that NFTs are anticipated to play a major role in the future of decentralization and private ownership.
Conclusion
This article was written solely to provide information based on the author’s opinion of the stock investment opportunities existing on the Web3 landscape and is not professional financial advice. Before deciding on anything to do with investments, you must consult with financial professionals and conduct your independent research.
