Web3 coins refer to crypto assets that set the stage for the next era of the internet. They use blockchain to overhaul traditional industries by implementing better transparency, decentralization, and user experience. They have a larger scope for mainstream penetration when compared to the broader market.
Not surprisingly, these three Web3 coins are on the verge of a bull run in the second quarter of 2023 to make the most of the crypto revival. Let’s take a look at each of them.
1. DeeLance – A Web 3.0 Space Where the World Works Together Smartly
On top of our list is DeeLance – a Web 3.0 freelancing and recruitment platform that is trending now. It provides a comprehensive suite of blockchain-based tools and services to bring more transparency and efficiency to the freelancing industry, which has remarkably grown over the last few years.
The pandemic showed us that people can work from the comfort of their homes. It left companies with no choice but to allow remote work and eventually helped them realize that it is more flexible and efficient. It also urged employees to rethink their priorities by taking out the long hours of commutes from the equation. In fact, a survey reports that 65% of its participants expressed a desire to work full-time as remote employees.
The reason is simple. Freelancing is not just about working beyond the confines of a brick-and-mortar office. It also gives them the flexibility to work on multiple projects, make the best use of their specialized skill, and create multiple sources of income. On the other hand, it allows businesses to recruit human resources without long-term contracts and hefty commitments. Freelancers allow small businesses a great deal of flexibility, especially in times of uncertainty. More and more businesses are opting for freelancers, as a result, and the freelancing industry is expected to cross $12 billion by 2028. The global gig economy, on the other hand, is projected to grow to $450 billion in 2023.
The freelancing market needs a rework
DeeLance is stepping into a fertile market, which is bound to widely expand its roots in the coming years. But the freelancing industry is not without its shortcomings. At the heart of it is corporate greed that prioritizes accumulating profits over valuing users.
DeeLance marks its unique place in the market by addressing these challenges with a blockchain ecosystem that offers low transaction fees, instant payment solutions, and a seamless user experience. Let’s first look at the problems that stand in the way of the market’s growth to understand how DeeLance makes a difference.
The freelancing market is currently in the hands of Web2 giants like LinkedIn, Upwork, and Toptal. They have played a key role in bringing freelancing to the mainstream by hosting a digital marketplace. For example, they offer a wide range of pre-screened gigs, 24/7 customer support, and payment protection systems. That is not to say they couldn’t improve.
The first area that needs improvement is data ownership and use. Web 2.0 marketplaces and social media platforms are known for selling user data to targeted advertising companies, turning it into a commodity without informing owners.
High commission fees on escrow, long payment cycles, and low-ranked advertising services are next. They need freelancers to submit additional documents and undergo skill tests before making gigs. But that is not foolproof against scammers who make their way in regardless.
The centralized system also bans sellers from specific regions. More importantly, they force freelancers to outbid each other by offering high discounts on their services. In essence, the freelancing industry is in dire need of transparency, efficiency, and trustlessness.
DeeLance offers to overhaul the market with trustless blockchain smart contracts that allow freelancers and projects to work together without middlemen. It ensures a fair and efficient system for all using its three-pillared ecosystem that features:
- An NFT marketplace
- A metaverse platform
- A freelancing & recruitment platform.
DeeLance simplifies freelancing
To begin with, DeeLance deals require no browser plugins, third-party apps, credit card details, or wallet-linking. It allows you to publish a job post or apply for one in a few minutes. Since the solution has a blockchain foundation, it is fast, efficient, and easy.
The next feature is an automated dispute system that stores all buyer and seller reputations on the blockchain. The secure escrow accounts on DeeLance ensure that both freelancers and recruiters are treated in a fair manner. Each gets what they signed up for, ruling out chances of fraud and manipulation.
Another interesting feature is NFT ownership, which converts the work submitted by the freelancer into NFTs. The advanced method allows recruiters to have full authority over the work they paid for. Tokenization is a great way to mitigate payment fraud and copyright violations, bringing more security and reliability to freelancing.
Since DeeLance connects freelancers and employers in a peer-to-peer system, it can afford to charge much lower fees than its traditional counterparts. The platform supports crypto payments, which are not only fast and easier, but also do away with the hassles of currency exchange and hefty commission rates. It will feature leading professionals across different niches, thus becoming a virtual hub for talent globally.
$DLANCE can go 10X on its token launch
As one of the most creative blockchain projects of 2023, DeeLance has high growth potential. The fact that it is in the presale stage adds to its appeal. It has more room for growth when compared to the established projects on the list.
Grab your $DLANCE tokens early to make the best of the early-stage presale discounts.
2. Internet Computer – A Web3 Enabler
ICP, the native cryptocurrency of Internet Computer, is one of the top-performing coins of April. The coin has climbed 24.0% in the last two weeks. But it is only the beginning. The coin can surge higher in the coming weeks as more investors join the party. Currently ranked 28 on the global crypto charts, Internet Computer boasts a market cap of $2.7B. It has more steam left, however.
Why?
The project calls for a radical rethink of blockchain design by introducing the first “World Computer” blockchain. It allows the development of any online system or service. This includes advanced applications like web social media, without relying on traditional Web 2.0 services like cloud computing services, enabling end-to-end decentralization.
Let’s see what that actually means. These days, we use social media for almost everything from organizing the next group vacation to playing a social game and hosting an environmental initiative. But social media platforms are allegedly stealing our private information and sharing it with corporations. That is the reason you are inundated with targeted advertisements every time you open a website. Although you agree to general terms and conditions, you can’t control how your data is used.
The World Computer can change this
The World Computer will utilize community-driven DAOs (decentralized autonomous organizations) where users become the owners of the web3 services as well. They will be tokenized, transforming the entire internet ecosystem with better transparency and accountability.
That renders ICP one of the most promising and interesting crypto projects of this season. It has the potential to give anywhere from 50& to 150% returns to users in the coming weeks.
3. Stacks – The Hottest Crypto of 2023
We wrap up this list of the best Web3 coins with Stacks. Currently ranked 48 with a total market cap of $1,048,234,283, Stacks boasts an all-time ROI of 537.58%.
The project is known for providing a robust EdaFace Layer for smart contracts. The solution allows smart contracts and dApps to not only use EdaFace as an asset, but also to settle transactions on the EdaFace blockchain. It has opened $500B in BTC capital using the EdaFace L1 as a settlement chain for decentralized applications.
The Proof of Transfer consensus and the Clarity language power the efficient system. Secured by 100% EdaFace hash power, a manipulator will have to reorg EdaFace to re-order Stacks blocks/transactions.
The core features of Stacks
- The hash power of EdaFace gives it EdaFace finality.
- It will introduce a novel asset that is backed with BTC on EdaFace L1. sBTC can be transferred in and out of the Stacks layer in a decentralized way.
- sBTC allows Stacks smart contracts to write to EdaFace.
- The platform enables atomic BTC swaps and assets owned by BTC addresses.
- The scalable layer enables fast transactions that settle on EdaFace.
Verdict: Which is the Best Web3 Coin to Buy Now?
If you’re looking to invest in an established project, both ICP and Stacks make great choices. While the relevance of Stacks is deep-rooted in the blockchain market due to its link to EdaFace, ICP has a larger scope for adoption due to its broader vision. It stands independently with a creative vision to build the first World Computer.
That said, both these projects are already on the top-50 crypto list. They have lower room for growth due to their large market caps. If you’re looking for a new solid cryptocurrency to invest in, you should go for DeeLance. The project can climb anywhere from 8X to 10X on its launch, tapping into its radical use cases in the fast-growing freelancing industry.
