After the internet, Web3 projects are the next crazy revolution. The internet changed all the companies by bringing tech giants like Google, Amazon, and Facebook into existence.
Web3, on the other hand, will change the platforms by making them decentralized. It aims at creating a transparent smart contract-based system where you can decentralize user data and transactions.
You might have come across cryptocurrencies, non-fungible tokens, Metaverse, and virtual lands. These are the decentralized elements and systems forming the new Web3 revolution.
In the recent past, thousands of new projects have been created in Web3. It can be hard to keep an eye on all of them.
So, here are a few of the important projects you should keep an eye on in 2022.
The list of Web3 projects in 2022 is extensive. However, these 24 projects have everyone’s eye across the world.
Alchemy Web3 is a replacement for Web3.js. Web3.js is the collection of libraries that allow users to interact with the local or remote Ethereum node using HTTP, IPC, or WebSocket.
While creating a decentralized system in Web3, Alchemy provides developers with an API that makes development easy. It is an influential blockchain developer platform.
Companies like OpenSea, Adobe, Edge & Node, Sushi, and many more have praised the work by Alchemy. In 2022, this will be a big project to keep an eye on as many more products will be built on the Alchemy platform.
Arweave is an information technology company that specializes in blockchain, data storage, and serverless web. The company provides a software platform that offers unparalleled data replication and security levels for users in the network.
It uses a database form to store data that cannot be deleted or changed. It uses a system that incentivizes you to keep your data for long periods. Thus the system makes the public and private data permanent on the Web3.
As the data on the internet grows, platforms like Arweave will be in high demand. Hence, that makes it an important project to understand in 2022.
BitTorrent Token was started to tokenize the world’s most significant file-sharing protocol, BTT.
BTT or BitTorrent Token is a utility token based on the blockchain that powers features of the world’s most popular decentralized protocols and applications.
BTT tokens are incentives for you when you use the BTT ecosystem for uploading and downloading your files on the internet. So, when you enable your wallet to the BTT system, use their faster uploading and downloading benefits, you get rewards in BTT.
BTT is a protocol and a network implementation that provides a p2p mechanism for storing and sharing digital content in a decentralized filing system. And that is what makes it a lucrative project for 2022.
This Web3 platform is a decentralized data network that provides unlimited data composability to Web3 applications. It is a permissionless data streaming network on which you can store streams of information and ever-changing files directly on the decentralized web.
It is a network for the management of mutable information. This Web3 project provides a system for storing, editing, and updating mutable data streams.
This platform provides an ecosystem for all the data on the network to be easily reused or repurposed within other applications. This way, many applications in upcoming times will be using this system.
Chainlink is a decentralized network of nodes built to provide data and information from off-blockchain sources to on-blockchain smart contracts via oracles. This decentralized blockchain oracle network is built on Ethereum.
It extends the functionality of blockchains by connecting smart contracts to real-world data, events, payments, and off-chain computation in a reliable manner.
In 2022, we will be able to create many more projects using Chainlink to connect the real world to the Web3 internet.
Out of all, Ethereum has been the most famous name in the past few years. Ethereum is a platform powered by blockchain technology. It is also well known for its native cryptocurrency- ether, or simply Ethereum.
It establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Now, these smart contracts allow participants to transact with each other without any central authority in between.
So, as the number of projects grows in 2022, the need for smart contracts built on Ethereum will also increase.
The full form of ENS is Ethereum Name Service. ENS provides users with a readable username that is portable across dApps and blockchains.
Decentralized finance can be overwhelming for first-time users, and ENS makes it a little easier by creating a universal username that you can use on all your public addresses and decentralized websites.
Moreover, as the number of dApps increases on Web3, services like Ethereum Name Service will come in handy for making your internet experience much smoother.
Filecoin is an open-source platform supporting public cryptocurrency. It uses a digital payment system that intends to be a blockchain-based unified digital storage and retrieval method.
It is a peer-to-peer network that uses built-in economic incentives to store files without risk. This protocol specifies a secure cryptographic approach to store data.
Filecoin is just a year old currency which at the end of 2021 ranked the 30th cryptocurrency on coinmarketcap. Additionally in 2022, it will be interesting to see what the filecoin offers to the Web3 world.
Gitcoin is a platform for coders, programmers, and developers. They get paid to work on open-source software in various programming languages. Hence, developers can also submit their project ideas to the Gitcoin platform to crowdsource funding from contributing donors.
Gitcoin (GTC) is an Ethereum token that provides community governance of the Gitcoin platform. As a result, the platform helps fund and coordinate open-source development by novel means such as quadratic funding.
Moreover, projects like Gitcoin will bloom in 2022 as the number of contributors increases in the Web3 ecosystem.
It is a distributed peer-to-peer hosting platform for the Holochain app, called hApps. Holo Token (HOT) is an Ethereum token that powers Holo. Users who host hApps on their personal computers are rewarded with HOT tokens.
Holochain is a decentralized technology working with the help of nodes. The project provides developers with a platform to create decentralized applications and aims to change the era of data-centric blockchain system to an agent-centric system.
Holochain is considered an advanced technology as compared to blockchain. Hence, it is a worthy project to keep an eye on in 2022.
Infura provides an ecosystem, tools, and infrastructure that allows developers to easily take their blockchain application from testing to scaled deployment. The platform provides developers with an infrastructure to scale dApps and fulfill the end-users demand.
It has an authentication ecosystem that provides developers with private keys and public keys to keep their projects safe. Hence, Infura aims to make life easier for developers, making it a lucrative project for 2022.
IOTA is designed to re-engineer distributed ledger technology, enabling the secure exchange of both value and data without any fees.
Many companies have started integrating distributed ledger technology (DLT) into their business. IOTA provides businesses with an overview of this groundbreaking technology and the benefits it delivers to businesses.
If you run a business in the web3 space, you should certainly look for this in 2022.
The InterPlanetary File System (IPFS) is a protocol and peer-to-peer network that helps you share and store data in a distributed file system. It uses content-addressing, which addresses each file with a unique name. So, it is easy to search files when all computing devices are connected.
As the number of users increases in the web3 ecosystem over time, this will become more and more important. Hence in 2022, IPFS becomes an integral part of keeping an eye on.
This software cryptocurrency wallet helps to interact with the Ethereum blockchain. You can use Ethereum wallets through a browser extension or mobile app. Moreover, you can also use it to interact with decentralized applications.
Ethereum is the second-largest crypto ecosystem, and the applications built on it are increasing daily. Thus, to be a part of the ecosystem, MetaMask is a must-have, making it a more lucrative option to the lookout in 2022.
Metaverse is a network of always-on virtual environments. In this environment, you can interact with other people and digital objects through virtual representations, also known as avatars.
Think of it to be a whole world but virtually present. A company called Meta owns it, which also owns networks like Facebook, Instagram, and WhatsApp.
Keep an eye on this one in 2022 as Metaverse is leading the virtual world revolution.
Moralis provides a backend system for all blockchain projects. It provides services like syncing the balances of your users into the database, allowing you to set up on-chain alerts, watch smart contract events, and so much more.
As more and more dApps will launch in the web3 ecosystem, services like Moralis will be high in demand for more smooth backend processing.
OpenSea is a peer-to-peer marketplace designed for exchanging non-fungible tokens and crypto collectibles. It includes gaming items, virtual goods, and collectibles backed by blockchain.
OpenSea provides a platform for anyone to sell or buy these items through a smart contract. So, it is a leading marketplace for non-fungible tokens, making it worth keeping an eye on in 2022.
Polkadot is a network protocol that allows arbitrary data to be transferred across the blockchain. This arbitrary data can be anything, not just tokens.
This network acts as an actual multi-chain application environment where things like cross-chain registries and cross-chain computation are possible. It allows you to plug public and private chains into a shared connectivity layer.
Hence, Polkadot will be more valuable in the future as you will be able to create different platforms and applications on the web3.
It is a public, open-source blockchain that supports smart contracts, including various dApps and non-fungible tokens. This blockchain uses SOL token, which provides network security through staking and transferring value.
You can use Solana for verifying transaction-based coins or tokens. So, it makes Solana the best choice for fintech companies working in web3 to use the Solana ecosystem.
The Graph is an indexing protocol for querying networks similar to Ethereum and IPFS. Through the design of this system, anyone can build and publish open APIs, called subgraphs. It makes data more accessible.
Hence, the Graph will play a massive role in building the future of the web3 ecosystem as more new decentralized APIs will launch soon.
This software allows developers to create, launch, and manage web3 projects. It helps in adding NFTs and Web3 features to projects.
It provides smart contracts, SDKs, and UI components that developers, game studios, and creators can integrate into their apps.
Thus, it’ll be wise to keep an eye on this project in 2022, as it is the one-stop solution for any decentralized application.
Remix IDE is a powerful open-source tool that can help you write Solidity contracts straight from the browser. It has modules for testing, debugging, deploying smart contracts, etc.
It is built on a strong Ethereum network and is written in Javascript. Thus, this project will be a lot more helpful for people in creating contracts in the future.
WalletConnect is an open protocol to communicate securely between decentralized applications and mobile wallets using QR code scanning or deep linking. It helps connect your mobile with the dApps, making interaction easy from the phone.
People consider WalletConnect more secure than desktop interfaces like MetaMask as the demand for such services will increase for security, as in the web3, every device is connected.
ZkSync is a ZK rollup technology solving scalability in the Ethereum ecosystem. It offers low gas and fast transactions without compromising on security. It also provides complete protection to the data.
ZkSync is a top layer 2 technology. So, it is a user-centric zk rollup platform from Matter Labs, with security, developer experience as the core focus, and user experience.
In 2022, demand for such systems will increase as privacy and data security become a concern in the web3.
These were some of the top platforms, tokens, technologies, or ecosystems in 2022. As the world is witnessing changes in users’ internet behaviour, understanding what these top companies are building will benefit. Similarly, you can learn more about Progressive Web Apps.
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