You’ve probably heard this many times over the last year – that Web3 is the way to go. There’s been a jump in searches for Web3 on Google recently, and everyone’s hopping on the Web3 trend: whether it’s crypto companies, investors, or even our daily brands. For example, even our everyday Starbucks has a Web3-based rewards program to be rolled out within the year.
Web3 is the new evolution of web technologies – a level up of the World Wide Web that we know today. When the WWW first came into play, many started using it for both work and leisure, and it changed our lives forever. With the power of decentralization and the offerings of blockchain, Web3 can give users power as opposed to large entities (which is the current situation) – which is exactly what we all hope to see from decentralization. This is made possible by blockchain technologies and token-based economics. While the term “Web3” was coined by ETH co-founder Gavin Wood back in 2014, it was not till late 2021 that it started gaining traction all over the world.
One of the most famous Web3 projects – a familiar name even to newbies – is the Polkadot Network. It’s ranked number 10 in terms of market cap on CoinMarketCap, with a market cap of $9,236 million at time of writing. Polkadot is well-loved by developers who make use of their parachains, and the network in turn has spent almost $1b in assets to fund the development of projects built on it. It has definitely been a key platform that has helped both developers and users further their journey with Web3 and finding more ways to earn with greater efficiency and safety.
In fact, Web3 has become so successful that there are now more projects hopping onto the Web3 platform to propel us closer to a reality where Web3 is the norm.
A Web3 Metaverse project gaining popularity is QQS Metaverse that just launched in mid-July 2022. The project ran a 60-day long presale for its QQT token that sold out every single day; since its launch at $0.0009, the price has now jumped to over $0.10 – over 100x even in this bear market. A key reason why QQS has been such a hit so far is because all liquidity pool tokens are burnt and sent to a null address – leaving no room for whales to do a rug-pull. QQS allows their Quazinians (token holders) to earn via various means, such as advertising, sponsorship, playing games, building, or simply interacting with the metaverse. The project has also recently announced their QQ NFT that gives holders benefits such as an increased income cap to earn more rewards, access to exclusive digital or physical events and promotions, and most importantly, more land and perks in the QQ World Metaverse. In fact, they even have a QQ Card that will be available in both Visa and UnionPay, allowing holders to spend to earn and purchase products with the highest rebates in the market (up to 15.75% on top of daily emission rewards earned)!
With a variety of Web3 projects cementing their foothold and incorporating themselves into our daily lives, we’re definitely moving towards a new stage in tech and the WWW. Hopefully, if you aren’t in on it yet, you now have a better understanding in how to participate and earn from it!