Three Great Web3 Stocks You Should be Watching

Web3 emerged as a prominent topic in the market approximately three years ago, capturing widespread attention.

While the fervor surrounding it has diminished, the subdued discourse should not overshadow the evident opportunities for Web3 to revolutionize technology in diverse ways. Despite facing delays, this digital force appears poised to be unstoppable.

Current prospects lie within the foundational entities shaping Web3, with potential opportunities for investors. Key considerations should be directed towards companies such as Coinbase, Unity, and Amazon.

Coinbase

Coinbase stands out as a conspicuous player in the Web3 landscape due to its involvement in blockchain-based exchanges and infrastructure. Whether envisioning Web3’s future as centered around token trading, NFTs, or blockchain transaction validation, Coinbase holds a significant role.Particularly intriguing is Coinbase’s potential role in Web3 gaming, where identity solutions may prove pivotal.

Platforms like Coinbase Wallet and the integrated MPC wallet within the Coinbase app are likely entry points for gamers. These wallets are expected to house assets like NFTs, unlocking in-game assets or asserting ownership of digital goods.It’s crucial not to underestimate the impact of the USDC token in the Web3 realm.

While speculation abounds regarding crypto tokens, a stablecoin like USDC may emerge as the preferred medium for transactions on cost-effective blockchains like Solana. Coinbase’s revenue generation from USDC’s interest-generating assets, coupled with its stake in Circle, positions it for growth in a stablecoin-centric environment.

Unity

In the potential success of Web3, gaming is anticipated to play a substantial role, presenting an opportunity for Unity.

Unity is the creator of the game engine foundational to numerous contemporary mobile games, extending its reach from the console market to Hollywood studios. If Web3 gaming gains traction, Unity’s game engine is likely to be a prominent choice for developers and digital artists due to its user-friendly learning curve and high-quality graphics.

The advent of Web3 may unlock new monetization avenues for Unity through smart contracts and NFT sales, providing the company with an opportunity to dominate within this evolving gaming paradigm.

Amazon

As blockchain networks rely on computing power for transaction validation, Amazon, with its widely-used Amazon Web Services (AWS) cloud computing service, assumes a significant role as a validator.

A substantial portion of Ethereum nodes, 25% according to Amazon, run on AWS, establishing it as a key infrastructure for numerous major blockchains.

While not the primary growth driver for Amazon, the increasing adoption of Web3 over time is likely to expand the cloud computing market, in which AWS competes for market share. Consequently, the e-commerce giant stands to benefit from the heightened computing demands envisioned by the Web3 landscape.

In conclusion, the potential of Web3 to disrupt sectors such as gaming, payments, and identity solutions, traditionally dominated by tech giants, is just beginning to unfold. The future online landscape appears personalized and decentralized, granting more control to consumers and content creators. Should Web3 and blockchain gain widespread acceptance, Coinbase, Unity, and Amazon are poised to emerge as significant beneficiaries.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.