Ever since the arrival of the 21st century, technology seems to be developing faster than ever before. Every new brand and upcoming company is different from the previous one. Each mind potentially holds a groundbreaking idea that may change the face of technology forever. One such revolutionary concept is that of Web3. If you are already familiar with Web 1.0 and Web 2.0, the term Web 3.0 may not surprise you. However, if you hear this for the first time, this article is just for you.

What is web 3?

The concept of Web3 brings itself a promise of renovating the traditional dimensions of the internet that we know today. Web 3 brings forward a more decentralized version of the internet, giving users an experience. Offering services via algorithms, Web3 is the future of the internet. Its underlying foundation is associated with blockchain, more particularly cryptocurrencies like bitcoin.

With the help of web3 companies, users are all set to enter a decentralized digital economy. These web3 companies have created a dimension where each user contributes to the services provided and can completely trust the algorithm that is running the whole system. The following Top 4 web3 companies have allowed users to play a more significant role in online activities rather than just sticking to being customers.

Alchemy

A pioneer in the world of web3 companies, Alchemy is taking the web3 world by storm. Alchemy gives users the ease to build their platforms by relying on its top-notch and user-friendly infrastructure. If you are looking forward to incorporating blockchain algorithms into the application, you are creating, and you should opt for alchemy. With a statistically high-reliability rate, alchemy is a web3 company that allows creators a hassle-free platform to integrate into their respective creations.

GuildFi

GuildFi is a web3 company dedicated to changing traditional gaming norms with its primary focus on the gaming world. GuildFi gives real-world value to the assets earned within a game, providing a gateway for gamers to the metaverse. In addition, GuildFi rewards its users with GF tokens that can easily be converted to local currencies with its play-to-earn feature.

MakerDAO

MakerDAO is a revolutionary web3 company titled the leader in cryptocurrency loans. Users are required to deposit Ethereum to be entitled to a MakerDAO smart contract that makes them eligible to receive loans in the form of stablecoins. These stablecoins are the web3 companies’ coins that change value according to the dollar. Users can use the web3 companies’ coins to purchase assets in the real world and pay for other real-world activities.

OpenSea

In the world of web3 companies, OpenSea brings forward a marketplace for digital assets and collectibles. Users can buy and sell digital assets across the globe and put their online shopping worries to rest. Users no longer have to deal with third parties that may scam them or provide fraudulent products. Instead, they engage with an algorithm programmed to provide the finest services.