Web3 Coins & Technology to watch out for in 2022

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[{"selector":"#anim-e6f173be-bfe9-4b60-bf8c-7991e68cda27","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7b8b89df-13c1-41a5-8099-c252af32563f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Web3 technology is a set of protocols and standards that will allow developers to create decentralized applications.

[{"selector":"#anim-95adc622-9044-4fd7-be12-1c66b51463f7","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b71c5ebe-5e8c-4644-b82c-54ed8c238a45","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Web3 coins are the digital currency that is used in the Web3 environment.

[{"selector":"#anim-0f2e593a-d391-4b7d-bb6d-c411a8bc592b","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-85ae2048-d02d-4412-8f9b-6d5769f110e6","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The goal of web3 technology is to provide a platform for creating decentralized applications on top of a blockchain-based architecture.

[{"selector":"#anim-d2e9a2c9-fc9b-4f5b-adfe-d64e9f4352c4","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9e08a8ca-70fa-401b-944c-f0f608f55162","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Web3 coins are a new form of Ethereum-based token. They are the native currency for decentralized applications and smart contracts on the Ethereum blockchain.

[{"selector":"#anim-4cb0498e-502a-43e9-b2e6-3e4eecc1909a","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7316149d-2106-44ce-bdae-4210ce5b6971","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The purpose of Web3 coins is to provide developers with an incentive to develop on the Ethereum blockchain.

[{"selector":"#anim-5b4f8548-0f16-43b3-9dce-bd7dab5dc7fa","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dd3cf43b-2d60-4566-87bb-64b6f7ca3ea5","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Web3 Foundation has issued 1 billion Web3 coins in total, with 50% being sold during the Initial Coin Offering (ICO) event.

[{"selector":"#anim-e48285f9-f6af-41e1-bfad-f4969d2755a9","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3fa80ac6-376d-425d-9cb4-e2b3f5d4d1a4","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Web3 platforms are designed to be decentralized, which means that there’s no single party that controls the platform and all transactions are executed through smart contracts.