Top stocks to buy into the Web 3.0 boom

The internet is entering a new phase, known as Web 3.0, which shifts power from centralised technology giants towards individual users

The internet is entering a new phase, known as Web 3.0, which shifts power from centralised technology giants towards individual users by prioritising decentralisation, privacy and digital ownership.

This new era of the internet is being driven by technologies such as blockchain, decentralised finance (DeFi) and non-fungible tokens (NFTs). Together, these technologies are offering a more user-controlled and resilient internet.

Web 3.0 has the potential to revolutionise how we interact online, promising greater autonomy and opportunities for users.

But what exactly does Web 3.0 entail and how can investors gain exposure to this趨勢? Here's a closer look.

Web 3.0: A shift towards decentralisation, new digital economies and empowering users

In essence, Web 3.0 represents more than just a technological shift. It’s a movement towards decentralisation, new digital economies and empowering users.

This next phase of the internet is set to be defined by greater user autonomy, digital ownership and decentralised networks, promising a new landscape for online interactions and digital economies.

For investors seeking exposure to this trend, the ETC Group Web 3.0 UCITS ETF (LSE: WEB3) offers an option. This exchange-traded fund focuses on companies at the forefront of Web 3.0 development – companies building the digital infrastructure, decentralised applications and “metaverse” platforms that could shape the next era of the internet.

Here are three key holdings in the ETF:

Coinbase Global: A core player in the Web 3.0 systemCoinbase Global’s (Nasdaq: COIN) core function as a platform for buying, selling and storing digital assets places it as a foundational player in the Web 3.0 system.

The company's integration with decentralised finance aligns closely with the principles of Web 3.0, enabling users to access tokens and engage with decentralised applications (known as “dApps”) through its platform.

In addition, Coinbase has launched its own NFT marketplace, tapping into a key aspect of Web 3.0’s focus on digital ownership. The rise of NFTs reflects the broader shift towards a creators’ economy, where digital assets can be owned, traded and monetised.

With its self-custody wallet and seamless integrations with various dApps, Coinbase is offering users a direct gateway into the decentralised web.

Roblox: An exemplar of the creator-driven economy that Web 3.0 seeks to enhanceRoblox (NYSE: RBLX) is a prominent example of the creator-driven economy that Web 3.0 seeks to enhance.

The platform empowers users to design, monetise and share their own virtual experiences, allowing creators to profit directly from their digital work. This aligns with Web 3.0’s vision of decentralised ownership, where individuals have greater control over their digital assets and creations.

Beyond this, Roblox is deeply involved in developing the metaverse, a key component of Web 3.0. The metaverse is envisioned as an interconnected digital space where users can socialise, work and trade in virtual environments.

Roblox’s thriving virtual economy, powered by its in-platform currency Robux, mirrors the decentralised financial models that Web 3.0 aims to establish. By facilitating immersive, user-generated worlds, Roblox is setting the stage for the future of online interaction.

Nvidia: Powering the new era's infrastructurePowering the new era's infrastructure is crucial, and Nvidia (Nasdaq: NVDA) comes into the picture here.

The company's market-leading graphics processing units (GPUs) are vital for blockchain processing, artificial intelligence (AI) applications and the development of the metaverse.

GPUs are essential for supporting the computational demands of decentralised networks and applications, making Nvidia’s technology integral to Web 3.0’s infrastructure.

Furthermore, Nvidia’s Omniverse platform is enabling the creation of interconnected virtual worlds, fostering collaboration and interoperability within the metaverse. The group is also actively involved in research aimed at enhancing blockchain technology and exploring ways to improve efficiency and scalability in decentralised networks.

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