The growth of Web3 has been nothing short of fast-paced, with many projects and companies entering the ecosystem as each strives to fulfill the potential of blockchain. So, as the world anticipates a significant shift to Web3, following the uncertain landscape of the crypto market, you may want to know the top Web3 projects to look out for in 2024.
Web3 is inevitably the future of the internet – as it works on a decentralized framework and keeps the web space safer. Although Web1 and Web2 were the earliest evolutions of technology, the innovations that Web3 brought have made it the best deal of technology today.
As a result, Web3 projects have become great investment opportunities that attract the interest of investors across the globe to invest heavily in various projects in this space.
Hence, there is a need to explore the top Web3 projects to look out for in 2024, which represent a diverse range of applications – from DeFi and NFTs to infrastructure and governance.
1. Sui Network
Sui Network is a level 1 blockchain that employs parallel execution to have a high speed at about ten thousand times faster than the Ethereum network. The speed of this project is good enough to attract a large number of internet users to Web3.
The onboarding process is another perk of this project, as the Sui network enables users to sign up for Sui-built apps. These include NFT, GameFi, and DeFi without a seed phrase or crypto wallet.
As such, you can log into these apps in a way similar to logging into Web2 applications like social media and email.
2. MetaBlox
MetaBlox is a leading project in Web3 infrastructure because it provides access to Web3 through its decentralized WiFi open-foaming network. There are also MetaBlox WiFi routers that enable access to this global network, which dubs the miners that create Mpoints.
The rewards would become available to stakes for MBLX tokens after the launch of this project token.
Special routers of this project are nodes that synergize to verify the Decentralized Identity (DID) web credentials on all users’ devices. It, in turn, enables secure WiFi connections and issue points as authentication data is transferred to the parent blockchain for final verification.
3. Brave Browser
Brave Browser was launched in 2017 and has since had 50 million and 15.5 million monthly and daily active users, respectively.
In the quest of users trying to skip ads before viewing content in today’s advertising world, Brave Browser, through its Basic Attention Token (BAT), is making it possible for users to earn rewards from viewing ads online.
This is an open-source and privacy-inclined browser that is developed to block trackers, malware, and cookies. It employs blockchain technology to securely and anonymously track users’ attention – resulting in rewards for publishers, advertisers, and viewers.
Therefore, users can earn BAT rewards after signing up for the Brave Ads Program, and the more ads you view, the higher the amount of BAT you make. These features make Brave Browser one of the best 2024 Web3 projects to look out for, although you may need to consider Brave review on its pros and cons.
4. Immutable Passport
Immutable is a GameFi platform that launched Passport, a wallet that would enable the introduction of Web3 gaming onto the mainstream with simple onboarding and interoperability features. Immutable Passport is designed to use its non-custodial wallet to address specific issues.
These include setting up a crypto wallet and getting a particular cryptocurrency and NFTs. This is where it simply operates with a single sign-on (SSO) system similar to Google.
Therefore, Immutable Passport allows users to enjoy the convenience of a unified account, with broad access to many Web3 gaming experiences and metaverses under a singular account. This raises the anticipation for the project in 2024.
5. Google Cloud And Orderly Network
Google Cloud is in partnership with blockchain network Orderly Network to design user-friendly developer kits for the DeFi space. This is to create low-barrier on-ramps and other essential features for crypto transactions. Orderly will be the DeFi system provider available on Google Cloud Marketplace.
This collaboration is to increase the adoption of DeFi and improve scalability by providing professional developer tools.
Meanwhile, Orderly will store DeFi data in on-chain and off-chain components to complement speed and decentralization. This would enable the growth of DeFi as it provides Web3 with versatile developer tools.
6. Biconomy
This is a blockchain protocol and provides Web3 developer tools that are used to improve the user experience (UX) of Apps. Biconomy has launched SDK features that allow developers to create improvements in its dApp experiences.
They include gas fee payments in any ERC-20 token, including the BICO token native to the Biconomy protocol. Others are dApps-sponsored gas fee payments and credit card on-ramps for crypto and NFTs purchases.
The features of the Web3 onboarding process – make it easier for Web2 users who are not familiar with the hassles of fees to access a website or the need to buy cryptocurrencies to use an application.
7. Decentraland
Decentraland is making a foray into digital real and the Metaverse, as the platform is unique with its multifaceted feature ingrained in the Decentralized Autonomous Organization (DAO) governance model. This enables the community to engage in oversight functions to ensure a dynamic and responsive platform.
In addition, strategic partnerships with brands like Samsung and Coca-Cola have contributed to the market appeal of Decentraland, harping its leadership position in digital real estate.
Decentraland offers different funnels of online income generation, such as asset flipping, NFT sales, and LAND leasing.
8. Secretum
Secretum is a decentralized messaging platform that is often similar to a decentralized option of WhatsApp. While it is unique in the high level of security and privacy, this project facilitates communication among users without using personal details like phone numbers or email addresses.
In addition, Secretum has a built-in functionality that enables users to trade cryptocurrencies and NFTs. Therefore, the versatility of this platform gives it the value to become an essential suite of Web3 applications as it upholds communication privacy and security, including seamless asset trading.
9. Storj
Storj is expected to continue being a significant player in the decentralized storage space. It is a blockchain-powered decentralized storage system that provides a secure and distributed approach to data storage. Storj is a flexible option for users as it always supports unrestricted uploading and downloading of files.
Therefore, Storj would maintain its quality as an open-source and accessible platform that provides users with an excellent choice for flexible and secure data storage solutions.
This project’s infrastructure offers data management, as it fosters the growth of decentralized data solutions.
10. Ethlance
Ethlance is charting its course in the freelancing industry as its operation is decentralized – eliminating the meddlesome of third parties. The elimination of this impediment creates a direct and equitable marketplace for freelancers and employers.
As such, Ethlance is poised to give freelancers more control over their work and earnings, thereby improving their productivity.
This project is part of the district0x network and intends to extend beyond its platform to inspire many marketplaces in the Web3 landscape. So, its transparency and decentralized feature would redefine the outlook of freelancing in 2024.
Frequently Asked Questions (FAQs)
What Is A Web3 Project?
A Web3 project is a platform or network that deals with various aspects of the third-generation internet – including metaverse experience, blockchain trading, and NFT price tracking. The project works on the decentralization, transparency, and security framework through the Web3 mechanism.
How Do I Find New Web3 Projects?
You can find new projects through Web3-focused online communities like developer groups or forums. Others are crypto news websites, subscriptions and newsletters, Web3 conferences and events, etc.
What Makes A Web3 Project Successful?
The underpinnings of a successful Web3 project are adoption and network effects. These involve a robust community that is important for effective and efficient decentralized governance. An increasing and active network can attract more users and developers to create a positive feedback loop that increases adoption.
What Are The Top Web3 Projects To Look Out For In 2024?
There are many notable Web3 projects to watch out for, including Brave Browser, Decentraland, Ethlance, Secretum, Immutable Passport, etc.
Conclusion
It is a known fact that Web3 projects are constantly revolutionizing the world to enable decentralization, improved interoperability, and scalable internet infrastructure to provide windows for emerging trends.
However, understanding some promising projects with efficient execution and the drive to shape their sector gives an outlook for active participation.
