Web3 is a place where the best web3 apps like Brave Browser, Decentraland, and Axie Infinity are redefining our virtual experience. These platforms use blockchain technology and interoperability to give users greater control and opportunities, from better user experience to the trading of NFTs in NFT marketplaces. Let’s check the top 3 web3 apps.
Web3 offers a new era of peer-to-peer transactions and diverse applications after the well-known centralized Web 2.0. As the web3 ecosystem grows, new opportunities of web3 comes available such as social media applications, messaging app, video streaming platforms, and even supply chain solutions integrating artificial intelligence and web technologies. Censorship takes a back seat here, making sure that the control remains in the hands of the users. These applications use smart contracts, the semantic web, and more to give a look into the future of a blockchain-based internet.
Brave Browser – A Leading Web3 Application in 2023
Brave is a free and open source web browser, part of the new web3 browsers, providing more privacy and better performance. Developed by the team at Brave Software, Inc., its roots are in the Chromium web browser and its Blink engine. So Brave shares its core codebase with Google Chrome, one of the most popular browser in the world.
Founding of Brave Browser – The Top Web 3.0 Browser
Brave is credited to Brave Software, a company co-founded by the tech innovators Brendan Eich and Brian Bondy. Brendan Eich’s most notably creation probably is the JavaScript programming language. Furthermore, he is renowned for co-founding Mozilla, the organization responsible for the Mozilla Firefox and Google Chrome, two giants of the world wide web.
Brave’s Distinction – A Web3 App Championing Real-World Privacy
Brave designed to take care about user privacy. It blocks unwanted trackers, third-party ads, and cookies, often seen as the source of compromised user data. This commitment to user privacy has more benefits. For example Brave gives faster web page loading times. Additionally, Brave’s built in ad-blocker is still undetectable for example by Youtube, which means users can enjoy an ad-free experience without the need of browser extensions. Brave also provides its own reward system where users can collect BAT (Basic Attention Token) by choosing to view ads.
Web 3.0 Applications – Brave’s Foray into Decentralized Browsing
Brave gives much more than traditional browsing by integrating features that support the decentralized web. One of it is the built-in crypto wallet, designed for users to manage Ethereum and various ERC-20 tokens and collectibles. Brave also proved its commitment to the web3 by integrating the BAT token which are tradeable. This Ethereum-based token is a key of Brave’s reward system integrating blockchain rewards into everyday browsing. Furthermore, Brave is future-ready, offering support for decentralized applications (DApps), making sure that users don’t need external extensions to access the decentralized web.
From Token Rewards to BAT – Monetizing Web3 Use Cases in Brave
Brave is more than browsing, it’s a path for economic opportunities. As we mentioned before with the Brave Rewards system the users can view privacy-focused ads and earning BAT tokens in return. These tokens can be converted into other cryptocurrencies or traditional money. For content creators, Brave offers a special deal. By signing up to Brave’s creator program, they can receive BAT tips directly in the browser from their viewers, turning their content into a money making opportunity. Additionally, those who are optimistic about the future of the BAT cryptocurrency can choose to hold their tokens and make money from its price increase.
Decentraland – The Virtual Metaverse Meets Web3 App Innovations
Decentraland is an online world, a project in the metaverse that runs on the Ethereum blockchain, allow users to own, develop, and sell digit “materials”. Founded by Ari Meilich and Esteban Ordano, the platform started as a concept for granting digital property ownership on blockchain and just later evolved into a complete 3D world.
Decentraland’s Web3 Application Features
Decentraland grants users true ownership of their virtual land through blockchain technology. This ownership is secured and verifiable on the Ethereum blockchain. The platform is designed to be a land for user-created content. From the virtual art galleries to gaming districts, the diversity in Decentraland is shaped by its community.
This decentralization extends to the platform’s governance as well. The Decentraland DAO (Decentralized Autonomous Organization) provides democratic decision-making, allowing the community to represent their opinion about the platform’s future by voting.
Decentraland and Web 3.0 – A Fusion of Crypto and Virtual Reality
Decentraland, as a DApp on the Ethereum blockchain provides decentralization and true digital ownership. The platform’s native cryptocurrency is the MANA token, makes the transactions easier including the purchase of a virtual land. Decentraland is also rich with Non-Fungible Tokens (NFTs). From land parcels to digital clothing, these NFTs on the Ethereum blockchain provide ownership, adding layers of value and meaning to digital assets.
Decentraland’s DeFi Potential
Decentraland is full with economic opportunities. Users can decide what to do with their virtual estate market, buying, developing, and then leasing or selling their plots, just like in the real life. The potential for profit doesn’t stop at land transactions. Users also can create in world experiences and monetize their creativity, charging others for access to games, attractions, or educational hubs they’ve developed. Additionally, the trading of NFTs, including land and in-world items, offers another way for revenue. And for those looking at passive income opportunities, leasing advertisement spaces to brands or individuals in Decentraland can be a good choice.
Axie Infinity
Axie Infinity is a digital game also based on the Ethereum blockchain. In this virtual world, players raise, battle, and trade fantasy creatures known as “Axies.” It is similar to the classic game Pokémon, but Axie Infinity innovates by leveraging blockchain technology to offer a play-to-earn model.
Axie Infinity’s Journey – One of the Top 3 Web3 Apps in Gaming
The game is backed by Sky Mavis, the vietnamese technology focused company, founded by Trung Nguyen and Jeffrey Zirlin. The team dreamed a game where players had true ownership of their in-game assets. Their commitment to decentralization and blockchain technology led to the creation of Axie Infinity, which aims to break traditional gaming models.
Why Axie is One of The Top Web3 Applications in 2023
Axie Infinity is a revolution in the gaming ecosystem. One of the game’s bigger features is the concept of true ownership. Players own their Axies as NFTs (Non-Fungible Tokens), making sure that each Axie is unique and truly belongs to the player, free from any centralized control. This ownership extends to in-game assets like land and items.
Another benefit is the play-to-earn model. Unlike traditional games where players spend to improve their experience, Axie Infinity allows players to earn by participating in battles, breeding Axies, or trading them in the marketplace. The game’s community, regular updates, and rich storyline makes it a favorite to play for blockchain enthusiasts and gamers too.
Web 3.0 Gaming Applications: Axie Infinity’s Blockchain Integration
The game is fully integrated into the decentralized web. Axies, as NFTs, are verifiable on the blockchain, guaranteeing their authenticity and rarity. The game’s native cryptocurrency, Small Love Potion (SLP) and Axie Infinity Shards (AXS), are ERC-20 tokens, further integrating the game into the Ethereum ecosystem. The integration of decentralized finance (DeFi) mechanics, such as staking, also positions Axie Infinity somewhere between gaming and decentralized finance.
From Battles to Blockchain: Monetizing Axie’s Web3 Use Cases
Players can earn SLPs by winning battles thank to the Axie’s play to earn model. These SLPs can be sold on various cryptocurrency exchanges, turning virtual victories into real-world profits. Breeding Axies is the game’s another rewarding option by combining Axies with desirable properties, players can breed and sell them in the game’s marketplace.
For those who see potential in the game’s governance token, AXS, holding or staking it offers potential rewards and a “vote” in the game’s future direction. Furthermore, as the metaverse grows and virtual real estate becomes more valuable, owning and monetizing land within Axie Infinity could become a great new experience for players.
