The world of the web steps into the third generation with the introduction of Web3 which leads internet services for websites and apps and it will focus on creating knowledge and semantic web employing machine-based information comprehension. The innovations that a few individuals believe will eventually make up and characterize Web 3.0 are now being developed. Web 3.0 is getting plenty of attention and as a result, Web3 stocks are catching the eyes of investors. Here are the top 10 Web3 company stocks that will reach a new height in 2022.
Price Now: US$207.96
Market Cap:
Coinbase Global, one of the leading cryptocurrency exchanges, has around 75 million users. Management has also announced plans to launch a non-fungible token (NFT platform shortly. Coinbase's venture capital (VC fund supports Web 3.0 infrastructure companies, including the blockchain network Solana (CCC: SOL-USD, BlockFi, and other decentralized finance projects.
Price Now: US$265.11
Market Cap: US$165.16B
Nvidia's technology is primed to power the future of Web 3.0. For instance, its chips allow crypto miners to provide essential tasks that run blockchain networks. The chipmaker is now developing advanced AI chips that run new Web3 applications and platforms. In addition, the company has recently launched Nvidia Omniverse, a platform designed for Web 3.0 developers to build their metaverse products.
Price Now: US$117.69
Market Cap: US$142.75B
Advanced Micro Devices (AMD) is one of the semiconductor designers racing to develop the most powerful artificial intelligence (AI) computing and graphics chips for Web3. At present, most of AMD's revenue comes from central processing unit (CPU) and graphics processing unit (GPU) sales. Bank of America anticipates AMD will gain 25% of the server market by the end of 2022.
Price Now: US$129.18
Market Cap: US$115.85B
For one thing, IBM's artificial intelligence initiatives bring hugely positive implications for Web3 stocks. By shifting more intermediary functions to AI and machine learning protocols, IBM can exponentially advance the next generation of internet connectivity.
Price Now: US$28.93
Market Cap: US$3.37B
Fastly is the most controversial inclusion on this list of Web 3.0 stocks. Fastly is a provider of content delivery network services and it brings the internet closer to the source of demand, thus boosting performance and reliability.
Price Now: US$171.88
Market Cap: US$2.8B
With its mobile communication and media devices as well as personal computers, Apple has been a darling of tech consumers for many years. Meanwhile, management is taking steps to transform the tech giant into an infrastructure layer for Web 3.0 development.
For instance, blockchain tools such as cryptocurrency wallets expect users to have smartphones. And with more than a billion users, Apple currently has about a quarter of the smartphone market. Therefore, its customer base will always be coveted by Web 3.0 developers.
Price Now: US$110.28
Market Cap: US$31.16B
Unity Software offers a platform to develop real-time 3D content for mobile phones, PCs, and augmented reality (AR) devices. A large number of video games depend on Unity's engine. Therefore, Unity has become an attractive bet to capture the potential of Web 3 point 0. Its platform offers underlying architecture for developing and participating in the metaverse, a market that could go well over US$800 billion in 2028.
Price Now: US$109.00
Market Cap: US$56.96B
Block is the financial technology (fintech) giant, formerly known as Square. Its ecosystem provides solutions for point of sale (PoS), P2P payments, and cryptocurrency. Its peer-to-peer payments platform Cash App has contributed to the company's growth significantly. The development of a decentralized Web 3.0 that ensures data security and privacy should further boost growth in this ecosystem. Moreover, CEO Jack Dorsey is expected to allocate a significant portion of Block's revenue to invest in Web 3 point 0-related new ventures.
Price Now: US$36.24
Market Cap: US$28.92B
The Next Web 3.0 stock is the microblogging platform Twitter. The social media platform recently announced that subscribers to Twitter Blue could display their verified NFTs in their timeline as hexagon-shaped profile pictures. This step has created significant buzz among NFT aficionados. Recent research suggests the market could reach US$80 billion by 2025.
Price Now: US$149.74
Market Cap: US$48.75B
TE Connectivity is a leading manufacturer of connectors and sensors for multiple industries, it is particularly important for the 5G rollout. Essentially, the company provides the physical backbone of connectivity solutions, enabling users to enjoy the benefits of the next-gen internet without giving it a second thought.
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