What Are Web 3 Cryptocurrencies?

Over the last couple of years the concept of Web3, (sometimes referred to inaccurately as Web 3.0, the third generation of the internet), has evolved from a vaguely defined new digital utopia to becoming a leading driver — and all-encompassing term — in the growth of blockchain and cryptocurrency adoption for the foreseeable future.

Despite this, many of us still don’t understand the difference between Web3 and cryptocurrencies in general, and it gets more confusing when it appears like every crypto project has seemingly pivoted to a Web3 rebranding overnight.

One thing is for sure: Many consider web3 to be the “killer app” that can make crypto truly mainstream thanks to a plethora of high-potential use cases.

In today’s episode of CoinMarketCap, we will:

• Explain what Web3 cryptos are
• Look at some of the most popular coins out there
• Dissect the compelling use cases they offer